FCMB’s N5.1bn bond offer fully subscribed
First City Monument Bank (FCMB) has issued a seven-year bond by way of a book-building with Standard Chartered Bank, local investment bank Chapel Hill Denham and FCMB Capital Markets as book runners. A statement issued by the bank said the…
Census shifted to 2018 because it was not captured in 2017 budget
Though the Chairman, National Population Commission (NPC), Mr. Eze Duruiheoma has said that conducting a national population census in Nigeria was not feasible this year, the real reason behind the failure was because it was not captured in the 2017…
Lafarge Africa deepens services with 9 solutions to Nigeria’s construction industry
Leading indigenous cement group, Lafarge Africa Plc, a member of LafargeHolcim, world largest cement conglomerate has raised its offerings to the nation’s construction sector to nine solutions. Among the top nine offerings of the group include Elephant Cement, Ashaka Portland…
NNPC, NAN forge front to counter pipeline vandalism
A rare alliance in the fight against pipeline vandalism has emerged between two federal agencies including the Nigerian National Petroleum Corporation (NNPC) and News Agency of Nigeria (NAN). This was reached during a courtesy visit by the management of NAN…
Fuel scarcity inevitable as only NNPC imports due to forex scarcity—Marketers
Serious indications are emerging as to why the country may be in for another round of fuel scarcity crisis. Already, fuel queues are gradually resurfacing in parts of Lagos and Abuja since Wednesday last week as many marketers seemed to…
Mohammed appointed as interim TCN boss
Alhaji Usman Gur Mohammed of the African Development Bank (AfDB) has been appointed by the federal government as the interim Managing Director and Chief Executive Officer of the Transmission Company of Nigeria. In a statement by the Permanent Secretary of…
NNPC records 128 bids for oil-for-fuel swaps
The window has closed for new bidders as this year’s programme for DSDP (direct sale of crude oil and direct purchase of products) running to about 800,000 barrels (per day) at most. Managing director of Nigerian National Petroleum Corporation (NNPC),…
Proshare Nigeria unveils Mobile App to drive business
Proshare has announced the unveiling of its Mobile App which is now live on Android mobile devices. This development is coming as a response to feedbacks received from its esteemed readers and subscribers on the need to make credible financial…
eLeader, AnalyticsRim introduce new marketing support App
eLeader Group, a smartphone solution that provides user-friendly interface, daily refreshed data from the field, and customized application to make marketing and sales efforts seamless has launched new App to drive business in Nigeria. The product was launched in collaboration…
OPEC now swelling investors gains by steadying cuts
Indications have emerged that as OPEC’s cuts begin to drain the world’s bloated fuel inventories, short-term crude should appreciate further, presenting financial investors with a new opportunity: a buy-and-hold strategy that once incurred losses will instead offer rewards. Since 2014,…
