NSIA unveils $300m Renewable Energy Fund
By Emma Ujah, Abuja Bureau Chief The Nigeria Sovereign Investment Authority, (NSIA) has launched the $300 million Nigeria Distributed Renewable Energy (DRE) Fund, a new investment vehicle designed to accelerate private-sector investment in renewable energy and expand electricity access to underserved communities and businesses across the country. The Fund, which reached its commercial launch milestone […]
Retail investors are backbone of our market — Olatokunbo
Alhaji, Gbadebo Olatokunbo, former National Publicity Secretary, Nigerian Shareholders Solidarity Association of Nigeria, NSSA, in this interview with Peter Egwuatu, spoke on issues affecting the capital market as well as his expectations on quoted companies’ performance in the third quarter. Excerpt:
Global insured loss climbs to $306bn
GLOBAL insured loss estimates for year 2017 has risen to $306 billion from $188 billion recorded in 2016, according to report by Swiss Re.
Sigma Pensions donate to Kaduna eye centre
SIGMA Pensions Limited, one of the pension administrators in the country has donated drugs and medical equipment to the National Eye Centre, Kaduna.
Nigeria lost over $400bn to capital flight before Content Act
THE Chairman, Petroleum Technology Association of Nigeria, Bank-Anthony Okoroafor, has said that Nigeria lost more than $400 billion to capital flight before the introduction of the nation’s Local Content Act of 2010.
FRC Rule 2(c): Court sets aside qualification of audit committee chairman
A FEDERAL high court sitting in Lagos has overruled Financial Reporting Council, FRC, Rule 2(c) that only qualified accountants can be a chairman of the audit committee of a Public Liability Company, Plc.
