By Michael Eboh Amnesty International and Holland’s National Contact Point for the Organisation for Economic Co-operation and Development, OECD, have faulted Royal Dutch Shell’s claims on incidences of oil spills in Nigeria, urging it to be prudent when publishing spill investigation data. Shell has blamed most spills in the Niger Delta on thieves hacking into […]

BY MICHAEL EBOH The Federal Government, Wednesday, said it will announce the names of prospective buyers of the 10 National Integrated Power Project, NIPP, power plants, August 8, 2013. Mr. Benjamin Dikki, Director General, Bureau of Public Enterprises, BPE, who disclosed this at an investment road show in Hong Kong, said the sale of the […]

Six years after their introduction by the Central Bank of Nigeria (CBN), the public has almost lost interest in monetary transactions involving the exchange of N5, N10, N20, and N50 polymer naira notes.

Shares are sold and bought on the floor of the Nigerian Stock Exchange, NSE, each working day of the week. One would notice that from the total number of trades indicated for each day by the NSE, there are not many investors actively trading in their shares.

Stakeholders in Nigeria’s oil and gas industry predict that the country may suffer even lower crude output than stated in last week’s report by the International Energy Agency, IEA, that Nigeria’s crude oil output declined to a six-month low to 1.96 million barrels per day, mbd contrary to budget benchmark of 2.567mbd.

Nigeria’s inflation rate stood at 9.0 per cent in May against the 9.1 per cent recorded in April, Dr Yemi Kale, Statistician-General of the Federation has said.

Having explained what investment in bonds is about, and the basic merit last week, we proceed to discuss how to buy and sell bonds. But before this, it is important to know that there are also risks to investment in bonds. The greatest risk is inflation, general increase in prices of goods and services.

The Federal Government has ruled out any intervention in form of provision of bailout funds for marginal oil fields operators in Nigeria.

President Goodluck Jonathan, yesterday, inaugurated the General Electric’s $1bn service and manufacturing facility in Calabar.

The Nigeria Customs Service (NCS) has blamed the under-utilisation of scanning machines at Seme border post on the unwillingness of importers and their agents.

The quest by the Federal Government to end gas flaring would soon yield better results, as Clarke Energy, said it has employed containerized gas engines for the production of power using the flared gas.

Promoters of the Bank of Industry/United Nation’s Development Programme’s, UNDP, Access to Renewable Energy, AtRE project, have cited lack of finance and funding as the major factor hindering the development of renewable energy in Nigeria.

Among the top 10 performing stocks in the previous week were Academy Press, Paints & Coating Manufacturers Nigeria, PCNM, Neimeth International Pharmaceuticals, Berger Paints Plc, Vitafoam Nigeria Plc, and IPWA Plc. Others are Cutix Plc, Forte Oil, Evans Medical, and Champion Breweries Plc.

The Transmission Company of Nigeria (TCN) has engaged an international information communication technology firm, Penuel Consulting for the management and monitoring of transmission lines around the country through the use of modern ICT tools.

Forte Oil Plc, one of the leading indigenous petroleum marketing companies in Nigeria has said that part of its portfolio expansion will include upstream, refining and power to consolidate on its existing businesses, even as its attempts to acquire Shell’s OML 30 was aborted in 2010.