Business

Niger Govt signs MOU with a firm for Construction of 50Megawatts of Solar Plant Olabode Adaramola Niger State Government has signed a Memorandum of Understanding (MOU) with Vyonarc Development Limited for the construction of 50 Megawatts Solar Plant at Ragba along Mokwa-Jebba road in Mokwa Local Government of the State. Speaking to journalists in his office, the Hon. Commissioner for …

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  Emir of Borgu Kingdom, Alhaji Mohammed Dantoro Federal roads deadly, security threats in Niger – Mai Borgu ‎ Olabode Adaramola The emir of Borgu Kingdom,in Borgu Local Government of Niger state, Alhaji Mohammed Dantoro (Mai Borgu), has described federal roads in the state as deadly and security threats to motorists and commuters alike, while calling the federal government to re-award the contract …

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Zenith Bank records N100bn profit after tax With a 20.4 per cent appreciation in profit after tax, Zenith Bank Plc has announced a cumulative N100billion profit for the nine months ended September 30, 2016, compared to N83billion recorded for the same period in 2015. The bank ended the period with a profit before tax of N121.2bn, showing an increase of …

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Anambra hits 210,000 metric tonnes target in rice production ‎ The Anambra State Commissioner for Agriculture, Afam Mbanefo, said on Monday that the state has reached self-sufficiency in rice production. Mr. Mbanefo made the disclosure at a Commodity Alliance Forum/Consultative meeting organised by the state Value Chain Development Programme (VCDP) in Awka. According to agency report, the commissioner recalled that …

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From  Left:  Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Buki Abu, ETF Product Manager, NSE; Oyelade Eigbe, Head of Investments, Vetiva Fund Managers Limited; Damilola Ajayi, Managing Director/CEO, Vetiva Fund Manager Limited; Oscar N. Onyema, OON, Chief Executive Officer, NSE; Prof. Fidelis Oditah (QC, SAN), Group Chairman, Vetiva; Dr. Olaolu Mudasiru, Group Deputy Managing Director/COO, Vetiva; …

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N2.4bn shipping document fraud: Court fixes Nov 25 for Innosson Ltd case A Federal High Court in Lagos on Monday fixed November 25 to hear a N2.4 billion suit filed against a company – Innosson Nig. Ltd – over alleged falsification of shipping documents. Charged alongside Innosson Nig. Ltd are Innocent Chukwuma, Charles Chukwu, Maximian Chukwura, Mitsui Osk Lines ‘C’ …

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OTC Market records 5.45 % decline YoY in September   Turnover of transactions carried out in the Fixed Income and Currency (FIC) markets for the month of September 2016 amounted to ₦10.85trn; an increase of 11.30 per cent (₦1.10trn) over the value recorded in August and a 5.45 per cent (₦0.63trn) decline Year on Year (YOY). Activities in the Foreign …

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NSE Named Most Innovative Stock Exchange in Africa 2016  The Nigerian Stock Exchange (NSE or The Exchange) has emerged the Most Innovative Stock Exchange in Africa 2016. This award was presented to The Exchange by The Business Year Magazine on Monday, October 17, 2016 at the Stock Exchange House, Lagos. The Business Year Magazine Awards recognize different categories of players …

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Olabode‎ Adaramola The Niger State Government has said it will no longer fold its hands and allow individuals, groups of persons and communities in parts of the state to take Law into their hands and cause a breach of the peace in the state. The State’s Acting Governor , Alhaji Ahmed Mohammed Ketso made the declaration on Sunday in Minna …

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Niger Governor seeks House’s approval to borrow N2.5bn to pay Salaries’ Olabode Adaramola Niger State Governor, Alh Abubakar Sani Bello has requested for the approval of the state House of Assembly to obtain N2.5billion loan from a new generation bank to enable the government meets up with the payment of October, 2016 salaries of the state civil servants. ‎ The Speaker of the State House …

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