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20 Jan 2015
INVESTORS and technical partners have expressed concern over the delay in the approval for the Enugu Power and Energy Free Trade Zone (ENPOWER FTZ).   Indeed, the financial commitment of the investors that run into billions of dollars have been laid dormant with accumulating costs, investment proposals for coal fired power projects and other coal…
20 Jan 2015
THE International Energy Agency (IEA) expects crude oil production growth in 2015 to be 350,000 barrels per day, lower than previously expected 950,000 barrels per day.    Though, supply will still grow significantly in 2015, it would however, not as much as previously thought, the agency said in its monthly report released recently.    …
20 Jan 2015
FIRSTBANK has achieved the recertification of the Payment Card Industry Data Security Standard   (PCI DSS) in 2014, having been one of the first top-tier banks in Nigeria to obtain the certification 2013.     The certification is renewable yearly as demanded by the standard and regulators following a rigorous audit of the bank’s payment…
19 Jan 2015
THE equities market closed yesterday on a positive note, as Nigerian Stock Exchange [NSE] All Share Index [ASI] appreciated by 2.54 per cent  to close at 29,773.40 basis points, compared with the 0.78 per cent appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at 14.09 per cent.   Market breadth closed positive as Guaranty…
19 Jan 2015
CAPITAL market operators under the aegis of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) have urged local institutions with strong capacity to invest in the capital market to reduce the dependence on foreign investors and prevent unnecessary shocks.   Speaking during…
SECURE-IT-
19 Jan 2015
•Commissions SecureID’s plant in Lagos •BoI affirms commitment to devt financing THE Federal Government, Monday, unveiled plans to continually review tariffs and waiver granting as part of efforts to encourage local content development as well as improve capacity utilization of manufacturing companies in the country.    Indeed, local industrial firms had cited unfavourable import tariffs…
19 Jan 2015
WITH the global communities employing Information and Communications Technology (ICT) to fast track their development and digitialised their economies, the National Information Technology Development Agency, (NITDA) is set to upscale its capacity building efforts through training and research of government agencies and departments as it continues the broad objectives towards boosting Nigeria’s ICT capabilities and…
19 Jan 2015
The United Kingdom Trade and Investment (UKTI) of the British High Commission in Lagos, the Department of Petroleum Resources (DPR), Petroleum Technology Association of Nigeria (PETAN) and the Nigerian National Petroleum Corporation (NNPC) have thrown their weight behind Pennwell Corporation to promote partnership opportunities during the 19th yearly edition of Offshore West Africa (OWA) scheduled…
FOLA-DANIEL-OK
18 Jan 2015
THE Commissioner for Insurance, Fola Daniel, has affirmed that the  inauguration of the Technical Management Board of the Energy and Allied Risks Insurance Pool of Nigeria (EAIPN) will address challenges faced by insurance companies in oil and gas underwriting in Nigeria.   Speaking at the inauguration of the board to signpost the commencement of the…
18 Jan 2015
EXECUTIVE Director, Continental Reinsurance Plc,  Lawrence Nazare, has predicted that  there were emerging risks in the world and opportunity for growth in Africa this year.   The West African largest reinsurer said this while speaking on 2015 outlook on geopolitical risks and opportunities.   According to him, “Opportunities on the African continent are expected to…
18 Jan 2015
CONSOLIDATED Hallmark Insurance Plc at the weekend presented awards to the winners at the fourth edition of the yearly essay competition for tertiary institutions in Lagos.   At the presentation,  Miss Abiola Atinukeola Gbemisola, of Polytechnic, Ibadan won the first prize and went home with N250,000; Miss Chukwuemeka Nwane-nnaya, from the University of Lagos,  came…
18 Jan 2015
… Gets BBB+(NG) rating LAW Union & Rock Insurance PLC, has reviewed its business strategies, systems and processes in order to meet  immediate and long term goals of the company.    In a statement by the Managing Director/Chief Executive Officer of the company,  Jide Orimolade, said “Our customer-centred strategy is to ensure long term growth…

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The pan-Yoruba socio-political organisation, Afenifere, yesterday, insisted that the country must return to the 1963 Constitution to be on the right path.
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Nigeria Basketball Federation (NBBF) Caretaker Committee chairman, Musa Kida, yesterday, insisted that the federation’s election billed for Saturday in Benin City must hold as scheduled despite the postponement announced by the sports ministry.