GE Bids For Nigerian Railway Concession

GE

GE Emerges Sole Bidder for $2bn Nigerian Rail Concession

A consortium led by General Electric (GE) has submitted the only bid for a Nigerian railway concession project worth around $2 billion for two lines connecting northern cities to others in the south, a procurement process adviser said on Wednesday . . .

Continue reading “GE Bids For Nigerian Railway Concession”

GE Bids For Nigerian Railway Concession

UBA Has Released Audited 2016 Full Year Results

UBA

UBA Grows Profit Before Tax By 32%, Declares 55kobo Per Share Dividend

United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries . . .

Continue reading “UBA Has Released Audited 2016 Full Year Results”

UBA Has Released Audited 2016 Full Year Results

MARKET CAPITALISATION: Dangote Cement, Zenith, GTBank & 2 Others Own 64% Of Equities On NSE

NSE

With a total market capitalisation of N5.65 trillion, Dangote Cement, Nigerian Breweries, Guaranty Trust Bank, Nestle and Zenith Bank made up 64.02 per cent of equities quoted on the Nigerian Stock Exchange (NSE) . . .

Continue reading “MARKET CAPITALISATION: Dangote Cement, Zenith, GTBank & 2 Others Own 64% Of Equities On NSE”

MARKET CAPITALISATION: Dangote Cement, Zenith, GTBank & 2 Others Own 64% Of Equities On NSE

NNPC & Schlumberger Collaborate On Hydrocarbon Exploration In Chad Basin

NNPC, Schlumberger collaborate on frontier exploration

World’s (French owned) largest oilfield services and equipment company teams up with Nigerian national oil giant on frontier hydrocarbon deposits search in the Chad basin.

Continue reading “NNPC & Schlumberger Collaborate On Hydrocarbon Exploration In Chad Basin”

NNPC & Schlumberger Collaborate On Hydrocarbon Exploration In Chad Basin

Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

naira-dollar-1

FOREX: $1 Goes For N500

Efforts To Save The Naira Have Crumbled – IMF

Abuja & Lagos (New Telegraph) – The naira fell close to N500 against the dollar on the parallel market due to dollar shortages yesterday as Bureaux De Change (BDC) operators set their quotes for dollar purchases at N399/$ for next week, traders said . . .

Continue reading “Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1”

Efforts To Save The Naira Failed As Nigerian Currency Rates N500 To $1

NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Oil . PH Refinery

NNPC targets fuel import cut

Abuja (Daily Times) — The Nigerian National Petroleum Corporation (NNPC) has commenced moves to reduce fuel import by boosting the capacity utilization of the refineries to 60 per cent by the end of 2017 . . .

Continue reading “NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria”

NNPC Targets Fuel Import Cut To Boost Capacity Of Refineries In Nigeria

Trump Nominee Tillerson & ExxonMobil Reach Agreement to Comply with Conflict of Interest Requirements

ExxonMobil, Tillerson Reach Agreement to Comply with Conflict of Interest Requirements

Irving, Texas U.S. (ThisDay) – ExxonMobil Corporation, represented by its board of directors, has reached an agreement with a former chairman and chief executive officer of the company, Rex W. Tillerson, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as US Secretary of State . . .

Continue reading “Trump Nominee Tillerson & ExxonMobil Reach Agreement to Comply with Conflict of Interest Requirements”

Trump Nominee Tillerson & ExxonMobil Reach Agreement to Comply with Conflict of Interest Requirements

Nigerian Capital Market: SEC Summons 6 Directors Over Complaints On N300m Investors’ Funds

sec-securities-exchange-commission

SEC summons six directors over complaints on N300m investors’ funds

Lagos (Vanguard) — THE Securities and Exchange Commission, SEC, yesterday, directed six directors of Transglobe Investment & Finance Company Limited to appear before it for an alleged unresolved complaints by investors worth more than N300 million against the company . . .

Continue reading “Nigerian Capital Market: SEC Summons 6 Directors Over Complaints On N300m Investors’ Funds”

Nigerian Capital Market: SEC Summons 6 Directors Over Complaints On N300m Investors’ Funds

Power Supply In Nigeria Stabilizes As TCM Generates 3,959 Megawatts

power-electricity

Power generation hits almost 4,000 megawatts

(SO) Website (NAN) – Transmission Company of Nigeria (TCN) on Wednesday wheeled out about 3,959 megawatts of generated electricity to the 11 distribution companies as the country’s power supply gradually stabilized . . .

Continue reading “Power Supply In Nigeria Stabilizes As TCM Generates 3,959 Megawatts”

Power Supply In Nigeria Stabilizes As TCM Generates 3,959 Megawatts

Roaming Policy May Stagnate Telecom Growth In Nigeria

Roaming policy may stall telecoms’ growth

Abuja (New Telegraph) — Plans by the Nigerian Communications Commission to implement national roaming service this year may stagnate further growth of the $68 billion investment already recorded in the nation’s telecommunications sector, New Telegraph has gathered . . .

Continue reading “Roaming Policy May Stagnate Telecom Growth In Nigeria”

Roaming Policy May Stagnate Telecom Growth In Nigeria