29 C
Lagos, South Africa and New York
Thursday, July 2, 2020

SPDC JV expends N14.85 billion on GMoUs in Rivers State

Shell Petroleum Development Company of Nigeria Limited (SPDC) operated Joint venture has invested a total of N14.86 billion on Global Memorandum of Understanding (GMoU) clusters in Rivers State. The GMoU gives the communities a highly valued opportunity to decide and implement projects and programmes that...

NNPC/Chevron Joint Venture spends N19.9b on 600 programmes in Delta communities

THROUGH the Global Memorandum of Understanding (GMoU), the NNPC/Chevron Joint Venture has expended over N19.9 billion on about 600 programmes in communities around its area of operation. General Manager, Policy, Government and Public Affairs (PGPA) Chevron Nigeria Ltd (CNL), Mr Esimaje Brikinn, made the disclosure...

FBNQuest Merchant Bank wins five awards in EMEAFinance Achievement Awards

FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, has received accolades from global financial and capital market awarding institutions in recognition of the impact and size of transactions delivered by the Investment Banking business in 2017. The firm has...

Smile Communications in trouble over shareholders false information may lose spot as preffered reserved bidder for 9mobile

Smile Communications Nigeria may lose its place as the second preferred bidder in the ongoing 9mobile sale. According to reports from Thisday, Smile Communications failure to disclose that its Nigerian shareholders have an ongoing and challenging debt to a consortium of banks is threatening its...

Nigeria offers Dangote license to build car assembly plant

Dangote Group has been granted a franchise by the Peugeot of France Groupe to construct and operate an assembly plant in Nigeria. A franchise is a type of license that a party (franchisee) acquires to allow them to have access to a business’s (the franchiser)...

Flour Mills partner US. Backed Corteva Agriscience to develop special maize hybrid

Flour Mills of Nigeria Plc today announced a strategic partnership with Corteva Agriscience, the Agriculture Division of DowDupont. The partnership will see both companies work together towards the development of a special kind of maize hybrid seed for the Nigerian market. Both companies will work...

29% yield on hotel room, Oceanna woo new investors

Wednesday, May 16,2018 For the yield-hungry investors, 29 percent annual return or yield on a N4.034 million investment in a hotel room is not only historic but also compelling at a time in Nigeria when viable investment asset class is hard to find, and that...

Shareholders ask Oando to settle rift with Ansbury

A group of shareholders on Monday, called on the management of Oando Plc to settle its lingering rift with its foreign investor, Ansbury Investments Incorporated. The group of shareholders, who called themselves Concerned Oando Shareholders, asked the management of the company to open talks with...

Wema Bank shareholders kick against AMCON’s 0.5% charges

SHAREHOLDERS of Wema Bank Plc have kicked against the 0.5 percent contribution made by deposit money banks to the Asset Management Corporation of Nigeria, AMCON, from their total assets and the plan to extend the lifespan of the bad debts of the bank. Speaking...

9Mobile: Banks shun Teleology’s request for $500 million loan

Reports say that the preferred bidder in the 9mobile sale, Teleology Holdings may face more hurdles in raising the balance $500 million bid as several banks are skeptical about lending to the company and uncertainty in the telecoms industry. According to reports that banks are...
Open chat
Send us your story