It was a joyous moment as six Past Council Presidents of the Nigerian Stock Exchange (NSE) came to commend stockbrokers during their trading session in Lagos. The former president includes Alhaji Aliko Dangote, Mallam Ballama Manu, Dr Oba Otudeko, Dr Raymond Obieri, Mr Goodie Ibru and Alhaji Aliko Mohammed. Commenting on their visit, the incumbent President Mr. Aigboje Aig Imoukhuede said the council members and the past Presidents discussed market issues in the past five years. According to him some of the issues are demutualisation of the exchange, derivatives market and the present downward trends as shown in the key…
Author: Pride Team
Electricity distribution companies in Nigeria are not only facing challenges of energy theft from illegal consumers but their operations are highly challenged by huge debts from various government agencies and departments. Despite the assurances by Minister of Power and Housing Babatunde Fashola that such debts would be verified and paid the Association of Nigerian Electricity Distributors (ANED) has just revealed that ministries, departments, agencies and the Nigerian Army are still owing the Distribution Companies (DISCOs) about N60 billion. Mr. Sunday Oduntan, the Executive Director of ANED, who made the revelation said in Abuja the army owed Benin DISCO N2.3 billion; Eko,…
Italian prosecutors are investigating Royal Dutch Shell as part of a probe into the acquisition of an offshore oil field in Nigeria. “We can confirm we have received notice of proceedings from the Public Prosecutor in Italy a judicial source told Reuters that Shell was under investigation by Milan-based judges for alleged international corruption. Dutch police and prosecutors searched shell headquarters in the Hague in February as part of this new strand of investigations. In 2014 a Milan court placed Eni under investigation over the $1.3 billion (901 million pounds) purchase in 2011 of Nigeria’s OPL-245 offshore oil block by…
The Nigerian Deposit Insurance Corporation (NDIC) has advised depositors of the four banks whose licences were revoked to file their claims for payment. Managing Director/Chief Executive of NDIC, Alhaji Umaru Ibrahim made the statement during the NDIC Special Day at the 27th Enugu International Trade Fair. Ibrahim who was represented by the South East zonal Coordinator of the organisation, Nicholas Ayuba Ibrahim assured the depositors of the closed banks that they would paid after they have filled their claims. According to him, the three Microfinance Banks (MFB’s) whose licences were revoked include Crown, First Omasi, and Tri-Star respectively, stating that Harvard…
The International Monetary Fund has again cut its growth forecast for Nigeria as the country faces “substantial challenges” from low crude prices. In its annual review of Nigeria’s economic situation, the IMF said that gross domestic product growth would slow to 2.3 per cent in 2016 from an estimated 2.7 per cent in 2015. In February, after IMF officials visited the country, the Fund had forecast 3.2 per cent growth for Nigeria in 2016. “Key risks to the outlook include lower oil prices, shortfalls in non-oil revenues, a further deterioration in finances of state and local Governments, deepening disruptions in private…
The Lagos State Government has assured the Nigeria Police and other security agencies of its maximum support towards ensuring the safety of lives and property of residents in the state. Executive Secretary of the Lagos State Security Trust Fund (LSSTF), Dr. Abdulrazaq Balogun gave the assurance at the presentation of a brand new Hilux vehicle to the Aguda Police Command to aid effective policing of the area. He said the state government would continue to provide security agencies with the requisite support in areas of logistics; equipment and welfare, to enable them carry out their duties effectively. “The Lagos State…
Afprint premises in Isolo, Lagos, were today (Friday) razed down by an inferno destroying in the process equipment estimated at about N3.5 billion. But no life was lost at press time. According to sources, the fire started at Ranona Limited, the fruit juice producing company in the conglomerate at about 2pm and raged ferociously. Sympathizers watched helplessly as the fire spread from one section to other, destroying equipment and property.xosotin chelseathông tin chuyển nhượngcâu lạc bộ bóng đá arsenalbóng đá atalantabundesligacầu thủ haalandUEFAevertonxosokeonhacaiketquabongdalichthidau7m.newskqbdtysokeobongdabongdalufutebol ao vivofutemaxmulticanaisonbethttps://bsport.fithttps://onbet88.ooohttps://i9bet.bizhttps://hi88.ooohttps://okvip.athttps://f8bet.athttps://fb88.cashhttps://vn88.cashhttps://shbet.atbóng đá world cupbóng đá inter milantin juventusbenzemala ligaclb leicester cityMUman citymessi lionelsalahnapolineymarpsgronaldoserie atottenhamvalenciaAS ROMALeverkusenac milanmbappenapolinewcastleaston…
The Minister of Power, Works and Housing Mr. Babatunde Fashola SAN on Thursday presided at the historic signing of agreements between the Enugu Electricity Distribution Company (EEDC) and Aba Power Limited to end a three – year dispute that had stalled the completion of a 141 MW Power Project for the area. Speaking after witnessing the signing of the agreements between Aba Power Limited and Enugu Electricity Distribution Company Plc. and Interstate Electricity Limited on the other, Fashola expressed confidence that the temporary energy crisis facing the country will be overcome and the target of 10,000MW set by President Muhammadu Buhari met. While…
Is there an “ideal woman” that is the dream of every man. Brothers, let us be upfront about this when it comes to what any man finds attractive in a woman, it really is different strokes for different folks. Every man has his certain type. I personally like my woman fit and trim, but as far as physical appearances go, some like them fat, some skinny, some in-between. As for how they look dolled up, some men prefer them flashy, some like them in classic gear, and some like them to show off what they have got. However, is there…
In a twist of fate that could yet bring succour to Nigeria and Tanzania, the Chadian Football Federation has rescinded its decision to withdraw from the 2017 Africa Cup of Nations qualifiers if Caf would accept it back. The Chadians announced this news via their official website on Thursday evening, four days after they threw Group G into disarray with their decision to drop out of qualifying due to financial constraints. Looking at the financial implications of withdrawing which has attracted a $20,000 fine from Caf, the Chad federation said it thought it wise to remain in the competition rather…