CCNN plans super-merger deal with BUA Cement to hit 2m Metric Tonnes yearly
Rising from its recent meeting, the Board of Directors of Cement Company of Northern Nigeria (CCNN), operators of the 500,000 metric tonnes per annum Sokoto Cement Plant has notified the Nigerian Stock Exchange (NSE) of its desire to merge with…
FG must know that portfolio investors don’t grow economy, manufacturers do—Folikwe
Fresh tips have been given to the federal government how best to grow the economy. In an interactive session with Capital Market Correspondents, the Managing Director of Berger Paints Plc., Peter Folikwe advised the government to among other things, “do…
With over 68 parties, logo recognition crisis, invalid votes’ll hit 2019 elections—Igini
The Akwa Ibom Resident Electoral Commissioner, Mike Igini has opened up on the chances of 2019 general election being marred by crisis ranging from issues in identifying party logos which can lead to high number of invalid votes cast during…
Financial inclusion cruising more in Ghana on 151,000 agent bankers, interoperability
…As CBN’s 500,000 agent banking takeoff remain in pipeline The World Bank in its latest report on financial inclusion has hailed Ghana for its decade-long drive in moving formal financial services uptake from 41 per cent in 2014 to 58…
Lack of open access, infrastructure for content bane of submarine cables—Opeke
Core indigenous investor in submarine cables and Chief Executive Officer of MainOne Cable Company, Ms. Funke Opeke has revealed that the glut in capacity is attributed to the lack of carrier-neutral or open access data centers, where everyone can get…
Access Bank gives antidotes on ending high interest rates charged by banks
Managing Director of leading Tier I money deposit group, Access Bank Plc, Mr. Herbert Wigwe has opened up on factors fueling the observed rise in lending interest rates amongst Nigerian banks. Wigwe, who spoke at the seventh German-Nigerian Business Forum…
Cordros Milestone Funds 2023, 2028 first target-date mutual funds in Nigeria—MD
The Group Managing Director of Cordros Capital Limited (CCL), Wale Agbeyangi has flagged off the public subscription of two target-date mutual funds being promoted by its subsidiary, Cordros Asset Management Limited (CAML). A target-date fund is a fund offered by…
TCN raises N540bn to stabilise national grid, clears 655 abandoned containers in ports
Indications have emerged that Nigeria will soon begin to see stability in power considering the efforts made by the Transmission Company of Nigeria (TCN) to clear 655 power equipment containers that were stranded at various seaports in the country for…
Shell’s Afam VI power plant in Rivers State to pump 624MW to power grid
The Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Mr. Osagie Okunbor has assured that plans are nearing completion on the delivery of 624 megawatts to the national grid from…
LASG must know that waterway transport demands huge infrastructure—Dutch Envoy
The Head of Netherlands representation in Lagos, Michel Deelen has advised the Lagos State Government to up investment in infrastructure on its waterway transportation so as to unlock the potentials in the sub-sector. Speaking on water transportation during a scheduled…
