Otedola’s Forte Oil upstream, power firm buyout stirs mixed sentiments
Shareholders and Capital Market Operators on Thursday expressed mixed reactions to moves by Mr Femi Otedola, Forte Oil Plc Chairman to buy out the company’s upstream and power assets. They…
Nigeria Will Grow 2.5 per cent This Year Despite Tighter Global Conditions-Reuters poll
Sub-Saharan economies will cope with tighter global liquidity this year and grow faster than in 2018, albeit at a lackluster rate compared to the commodity price boom…
Firms in JV Agreement to Establish $3m Smelting Plant, Refinery in Jos, Q3 2019
Two firms, D Four Metals and Plastona Limited, have entered into a joint venture agreement to establish a 3 million U.S. dollars ultra-modern smelting plant and refinery in Jos, Plateau….
ALSF to Receive €5 million Grant From The EU
The European Commission has approved a grant of 5 million euros to the African Legal Support Facility,ALSF, to finance the Facility’s Medium Term Strategy for the next…
CBN to Unveil Economic Plans For the Year
The Central Bank of Nigeria has said it will unveil the Bank’s plans for the year during the first Monetary Policy Committee meeting next week. This comes as…
Asset Diversification: NSE to Launch Derivative-Instruments in 2019 – Onyema
Oscar Onyema, CEO, NSE In a bid to encourage portfolio diversification, the Nigerian Stock Exchange (NSE) on Monday said it will launch a platform for trading of derivatives in…
SEEFOR: World Bank, EU to Extend Project, Engage 825 Youths in Delta
Frank Apokwu, Delta State Coordinator, State Employment and Expenditure For Results (SEEFOR) project, says plans are ongoing by the World Bank and European Union (EU) to extend the projects…
Dangote Refinery makes progress, receives cracking system
The Dangote Oil Refining Company (DORC) Ltd. has taken delivery of one of the major components of its refinery equipment, the Regenerator for the Residual Fluid Catalytic Cracker (RFCC). Mr…
Teleology Exits 9mobile
Teleology Holding (led by former MTN Group executive, Adrian Wood) has pulled out of Nigeria’s 9mobile just weeks after its $301 million takeover of the firm with a…
Subscribers association wants NCC to intervene on interconnect debt logjam
The National Association of Telecommunications Subscribers (NATCOMS) has called on the Nigerian Communications Commission (NCC) to ensure that operators pay their interconnect debts. The National President of NATCOMS, Chief Deolu…