In Case You Missed It: Recap Of Top Stories For The Week

Boston Consulting Group Launches Lagos Office, Says Now Is Best Time To Buy Nigerian Assets:
Global consulting firm, Boston Consulting Group has set up a Lagos office, which will be its 85th office globally.

Ten Areas Buhari Has Failed Nigerians:
President Muhammadu Buhari was elected last year amid a yearning by Nigerians for committed focused leadership on all fronts.

Fidelity Bank Confirms Its $113 million To Oando Is About To Go Bad:
Fidelity Bank Nigeria Plc confirmed that its $113 million (N22.4 billion) loan to Oando Plc is partially bad and has now taken a 5% special provision on the loan.

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UBA Loans Tony Elumelu’s Heirs Holdings N20.6 bn As At FY 2015:
Tony Elumelu is the Chaiman of United Bank for Africa (UBA) and also Chairman of Heirs Holding an African proprietary investment company.

This $116 Million Refinery Will Be A Reference Point In Nigeria:
Integrated Oil and Gas Limited at the weekend said it will ensure that its $116 million refinery would be a reference point in Nigeria.

El-Rufai Says One Local Government In Kaduna Has More Gold Than South Africa:
Governor of Kaduna State, Mallam Nasir El-Rufai on Wednesday disclosed that’ solid minerals from Kaduna State, is capable of attracting a revenue as much as 40 billion naira.

Alert: Oando Confirms Its Auditors Have Issues With Its Financials:
Oando Nigeria Plc issued a press release last week that it will not be able to release its 2015 Annual Reports on schedule because of a clause in Rule 5 of the Financial Reporting Council of Nigeria.

Nigeria Is Becoming The Next Venezuela:
President Buhari’s Socialist welfare leanings could be shaping Nigeria up to become the next Venezuela.

Jim Ovia’s Visafone Rakes In Over N1 billion From Services To Zenith Bank:
Visafone Nigeria Ltd, a telecommunication company previously owned by Jim Ovia recorded sales of about N950 million from Zenith Bank alone between 2013 and 2015.

These Oil Companies Are Among The 9 Bidding To Build New Nigerian Oil Refineries:
As Africa’s top crude oil producer seeks to boost output of refined fuel and end its dependence on importation, it was discovered that Seplat Petroleum Dev. Co. and Vitol SA are among nine companies that submitted bids to construct new oil refineries in Nigeria.