Metro

FMDQ in the joint quest to make the Nigerian financial markets ‘GOLD’ As part of the plans to commemorate its Fifth Year Anniversary, FMDQ OTC Securities Exchange (“FMDQ” or the “OTC Exchange”), at a momentous occasion hosted key financial market stakeholders (governments, regulators, Members, issuers, strategic partners, foreign and local investors, media etc.), at the inaugural FMDQ GOLD Awards (the …

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The 2017 edition of the Tracka Report focuses on the execution of constituency projects in the 2017 Budget; it highlights the following common themes: re-appearance of past projects, a high number of unexecuted projects, and over 50% zonal intervention projects committed to empowerment projects. These trends were present across all the states of the federation and further show how Nigerians …

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Management of Dangote Cement, over the weekend, assured block- moulders and other stakeholders in the building construction business of the durability and the extra power its new product: “BlocMaster” possessed. The new product is described as the  best quality cement in the country for now. The company also said the new product is available everywhere and very affordable. Managing Director …

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…Ask NASS To Reduce Its Budget BudgIT decries the cut in Nigeria’s health and education sector budgetary allocation to fund the 2019 elections. Recent information from the National Assembly suggests that the 2018 budget is undergoing virement that will re-allocate the meagre resources meant to improve the condition of health and education sectors for the conduct of the 2019 elections. …

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The African Oil and Gas industry is showing signs of an auspicious future; there is renewed investor interest and burgeoning confidence in the continent and sector following continued upward movement in oil prices and recent oil and gas discoveries.  This was very apparent by the host of panel discussions, country and company presentations at the recently concluded 25th edition of …

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The Securities and Exchange Commission (SEC) has restated its commitment to further educate and enlighten investors in the Nigerian capital market to enhance their ability to make informed investment decisions. The Acting Director General of the Securities and Exchange Commission (SEC) Ms. Mary Uduk who stated this at the Planning and writing workshop for the development of Capital Market Studies …

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The management of Diamond Bank Plc on Monday have once again denied the bank’s acquisition by a sister financial institution Access Bank Plc. According a statement from the bank sent to nationawire and singed by its Media Relations Officer, Ezechinyere Anyanwu, he said the rumor in the media stating that the Bank is purportedly in discussions with Access Bank Plc to …

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The Federal High Court in Lagos has revoked the bail granted in 2007 to a former Governor of Abia State, Dr. Orji Uzor Kalu, who is facing N7.65bn fraud charges. Justice Mohammed Idris revoked Kalu’s bail on Monday for the failure of the ex-governor to appear in court for his trial. Kalu’s lawyer, Prof. Awa Kalu (SAN) had, last week …

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The Sagamu-Lagos end of the Lagos-Ibadan Expressway project will be completed by 2021, the contractor, Julius Berger, has said. The Operations Manager, Julius Berger, Thamm Olaf, told the Senate Committee on Works, led by its Chairman, Kabiru Gaya, on Sunday,  that the project, which was to be completed in 2017, was stalled due to paucity of funds and the recent …

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The Nigeria Deposit Insurance Corporation (NDIC) has been declared the best performing public sector institution in Nigeria on compliance with Information Technology Clearance Regulation after a rigorous selection process in Nigeria. The award was conferred on the Corporation by the Nigeria Technology Development Agency (NITDA), which is the promoter of IT regulation and development in Nigeria. It instituted the awards …

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