Achieving the world of Energy matters
Nigerians have again been urged to desist from investing their hard-earned resources in investment schemes that have not been registered to carry out fund management functions. Securities and Exchange Commission, SEC, Acting Director-General Ms. Mary Uduk gave the advice in the face of various unregistered schemes luring unsuspecting Nigerians with unreasonable
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The Central Bank of Nigeria, CBN, has offered licence of operation to more commercial banks and one non-interest bank. This was made known by CBN A list of deposit money banks (DMBs) and financial holding companies operating in the country shows that CBN had issued a commercial banking licence with national
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Indications have emerged that the new minimum capital base requirements for Nigeria’s banks would range between N35 billion and N230 billion going by the new position of the Central Bank of Nigeria (CBN). After being re-appointed by President Mohammadu Buhari, the CBN Governor, Mr. Godwin Emefiele, gave hints to journalists about
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Mr. Godwin Emefiele, CBN Governor President Muhammadu Buhari of Nigeria has nominated Central Bank Governor Godwin Emefiele for a second five-year term. The president letter which was sent to the Senate and read on the floor showed that he wants the Central Bank Governor to head the apex bank for another five-year
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Nigerian court dismissed government claims that subsidiaries of Eni and Petrobras illegally exported crude oil to the United States, but a lawyer representing authorities in the West African country said an appeal had been launched. Crude oil sales are the mainstay of Africa’s biggest economy, making up two-thirds of the country’s
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Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilization of crude prices above US$ 60 a barrel, coupled with the continent’s rapidly expanding population, lure both major and independent oil producers to invest in the continent. This view was expressed
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Fidelity Bank Plc Annual General Meeting Fidelity Bank Plc hosted its 31st Annual General Meeting in Lagos, which provided an opportunity for the board of the bank to make public details of its operating performance. Chaired by Mr Ernest Ebi, the AGM was an avenue for the banks board to review the
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The International Monetary Fund (IMF) said the crude oil refinery being built by Dangote Industries Limited will improve the trade balance by $2bn per year after coming on stream. This will be a boost to Nigeria’s economy. The Washington-based fund noted that Nigeria, despite being a long-time crude oil exporter, continued
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In conclusion of its merger with Diamond Bank, Access Bank Plc, has unveiled its new logo, signaling the commencement of a new enlarged banking entity. At an elaborate ceremony held in Eko Hotel, Lagos, dignitaries gathered to witness the birth of the new banking entity. Group Managing Director (GMD) of the new
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The Manufacturers Association of Nigeria (MAN) reacts on government plan to increase Value Added Tax (TAX) which it says will increase the misery or poverty index of Nigerians. Director-General Mr. Segun Ajayi-Kadir made it known that increasing VAT could send a wrong signal that the government was not sensitive to the
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