China offers $6bn infrastructure loan to Nigeria:
China has offered Nigeria a loan worth $6bn to fund infrastructure projects in Africa’s biggest economy.
Fuel queues fail to disappear:
Queues by motorists and other fuel users at filling stations failed to disappear in major cities across the country on Tuesday.
Power, telecom firms must go public – SEC:
The Director-General, Securities and Exchange Commission, Mounir Gwarzo, has said power generation and distribution companies, and telecommunications firms operating in the country must be quoted on the Nigerian Stock Exchange and/or the NASD OTC securities market.
Blackout: Power firms agree to supply stranded electricity:
Some power distribution companies have agreed to supply the stranded electricity in their locations to consumers in order to reduce the effect of the blackout currently being experienced all over the federation.
APR Shareholders Get 60 Kobo Dividend Per Share:
Shareholders of Africa Prudential Registrars (APR) Plc unanimously approved a total dividend of N1.2 billion for the year ended December 31, 2015. The translates to 60 Kobo per share. The approvale was given at the Annual General Meeting held in Lagos on Tuesday. The company had paid an interim dividend of 17 kobo in August 2015 before the final dividend of 43 kobo.
Stanbic IBTC to Partner Kaduna, Others on Economic Transformation :
Stanbic IBTC Plc has expressed its readiness to partner the Kaduna State government, and other state governments, to ensure that their transformation agenda was realised and the benefits of democratic governance felt by the people.
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Onyema: Nigeria Remains Investors’ Best Choice in Africa:
The Chief Executive of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has stated that despite the rigidity in the foreign exchange market, Nigeria remains top of investors’ choice on the African continent.
African airlines record highest passenger traffic growth – IATA:
The International Air Transport Association (IATA) says African airlines posted the strongest demand growth globally with February traffic up by 12.7 per cent compared to same month in 2015.
‘Why Nigerians can’t lift crude, other products’ :
FORMER National Hydrographer, Comdr. Joseph Abulu, has said that Nigerians are not able to lift crude oil and other petroleum products because government is not giving opportunity to indigenous ship-owners even when they have standard vessels capable of performing the function.
CIS goes tough on erring members:
Determined to promote strict adherence to ethical standards among its members, the Chartered Institute of Stockbrokers (CIS) has deleted the name of one of its members from the institute’s register.