TCN expresses concern over rising cases of vandalism in Niger State
By Obas Esiedesa The Transmission Company of Nigeria (TCN) has raised concerns over increasing vandalism of power transmission infrastructure in parts of Niger State, warning that the trend poses serious economic, safety and electricity supply challenges. Speaking during a community engagement visit to Lambata in Gurara Local Government Area yesterday, the General Manager, Transmission, Abuja Region, […]
Nigeria receives $6bln in foreign direct investments annually
Nigeria receives an average of six billion dollars in Direct Foreign Investments (FDI) inflow annually.
Subsidy claims: Oando will continue petrol imports
NOTWITHSTANDING agreements with oil marketers to distribute fuel brought in by the Nigerian National Petroleum Company, NNPC, Oando Plc said it will continue to import Premium Motor Spirit, PMS, also known as petrol despite the huge debt owed marketers.
Court jails fake capital market investor 18 months
A MAGISTRATE Court sitting in Lagos has sentenced one Mr. Attah John Akpan to 18 months imprisonment with hard labour for attempting to impersonate a capital market investor.
Revealed: The de-licensed stockbrokers
AT the close of business on Wednesday September 30th, 3015, some stockbrokers and other capital market operators lost their licence to operate in the market.
This was due to their inability to comply with the new minimum capital market requirement stipulated by the Securities and Exchange Commission (SEC).
FG, TE Connectivity to boost power supply
THE Federal Government has entered into a partnership with an original equipment manufacturer, OEM, TE Connectivity, to cut down on technical losses in the electricity sector and boost Nigeria’s quest for the attainment of 20,000 megawatts by 2020.
OPEC forecasts oil price falls till 2017
Hope of seeing a rebound of oil price from its current low level may not materialise soon, as the Organisation of the Petroleum Exporting Countries, OPEC, has predicted that the price will not rise untill 2017.b
Top 10 performing stocks
The top 10 performing stocks last week were the shares of Unity Bank Plc, Cutix Plc, Champion Breweries Plc, Glaxosmithkline Plc, Neimeth Plc and A.G Leventis Plc. Others were United Bank for Africa (UBA) Plc, NASCON Allied Industries plc, Beta Glass Company Plc and Unilever Nigeria Plc.
Fidelity Bank’s ‘Save4 Shelter’ promo produces winners
FIDELITY Bank Plc’s on-going promotional campaign, tagged ‘Save 4 Shelter’ promo has produced first set of winners.
A total of 21 customers drawn from the six geographical zones of the country won different cash prizes and consolation prizes of six refrigerators and generators sets at the first draw conducted at the bank’s head office in Lagos.
Ikeja DISCO rolls out 12,000 meters monthly
RESIDENTS and corporate bodies within the Ikeja Distribution Company, DISCO, are in for a good bargain as the Ikeja Electric, said it is rolling out 12,000 free meters from October.
Incentives, tax holiday will encourage entrepreneurs – Shareholders
The only thing that can encourage entrepreneurs to come and list their companies on the Nigerian Stock Exchange (NSE) is to give incentives and tax holiday, said Shareholders. Stockbrokers have identified entrepreneurs participation in the capital market as a key to boosting activities and repositioning the market for global competitiveness. As the stockbrokers clamoured, they also maintained that the capital market cannot do without the participation of the entrepreneurs who have the capacity to bring their companies for listing on the stock exchanges.
