Energy companies trying to raise almost $50 billion for Canada’s first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them. Housing complexes boasting an indoor golf driving range, a two-story gymnasium and a private movie theater are among perks companies are mulling to lure tradesmen […]

LeapFrog Investments, a specialist investor in financial services in Africa and Asia, has successfully exited from leading Ghanaian insurer Express Life, selling its majority stake to Prudential Plc for an undisclosed sum. LeapFrog’s lead partner in Ghana, Doug Lacey, said, “Our experience with Express Life demonstrates the value of specialist fund managers who can source […]

Sovereign Trust Insurance Plc, STI, said it has put in place a very effective and efficient operational mechanism going forward. In a statement, according to its 2012 annual report, the company with a shareholders’ fund of N3.1 billion said it was able to underwrite a gross premium of N7.5 billion, representing a 17.09 per cent […]

The Governor of the Central Bank, Malam Sanusi Lamido Sanusi, says the apex bank will partner some satellite system companies to boost international telecommunication services in the country.

An additional 171 suites, that is estimated to have cost N2.5 billion, has been added by the owners of the Eko Hotel & Suites to its existing 654 suites.

The Nigeria Extractive Industries Transparency Initiative, NEITI, seeks to achieve operational excellence in regulation and enforcement across the extractive industries in 2014

That was the response of the Nigeria Insurance Deposit Corporation (NDIC) to the plight of those who invested in the failed public offers of Allstate Trust Bank and Trade Bank.

As regards the formation of shareholders’ associations, there are defined requirements by the regulator that guide the process. But today what we see is a different thing entirely; because today you now see many so- called shareholders’ associations that are there in the market working as if they are recognized by the Act that set up such associations.

The Minister of Petroleum Resources, Mrs. Diezani Alision-Madueke has said the government was ready to discuss and negotiate with organised labour in the sector with a view to ensuring smooth sail of the privatisation of the nation’s four refineries.

Mayor Rotimi Adebari, a Nigeria born Irish Politician, has stressed the need for Ogun State government to build critical infrastructure if it must attract the right kind of foreign investments.

By Chijioke Nwaozuzu The recent announcement of the second licensing round for 31 marginal oil fields by the Petroleum Minister, Mrs. Diezani Alison-Madueke, came 12 years after the previous round in 2001.But, it is a welcome development and represents an opportunity to increase indigenous participation in petroleum upstream activities. It is also anticipated that the […]

The importation of substandard gas cylinders into the country is deterring genuine investors in the business, the Nigeria Liquefied Petroleum Gas Association, NLPGA has said.

On the top 10 performing stocks last week were Union Dicon Salt Plc, Costain (WA) Plc, African Prudential Registrar Plc, RT Briscoe Plc, Transnational Corporation of Nigeria Plc and Conerstone Insurance Company Plc.

Omatek Plc, has disclosed plans to engage the Central Bank of Nigeria, CBN and Bank of Industry, BOI on a single digit funding rate that would assist small and medium companies raise working capital, even as the company bounces back to profitability.

The National Electric Regulatory Agency, NERC, has blamed the current worsening state of power supply in the country on shortfall of gas supply to the generation companies.