NIGERIA: Don Decries Delay in Passage of PIB
A Senior Lecturer in the Faculty of Law, University of Lagos, Dr. Dayo Ayoade, has expressed regrets that 100 years after the commencement of petroleum exploration in Nigeria, and after...
Fitch Rates Access Bank’s Tier 2 Note Issue ‘B-‘
Global rating agency, Fitch Ratings has assigned Access Bank's $400 million subordinated debt (Tier 2 notes) a final rating of 'B-' and Recovery Rating of 'RR6'. The notes, issued directly...
Shareholders Lament N53.52bn Banks’ Levy to AMCON
Eight commercial banks contributed N53.52 billion to the Asset Management Corporation of Nigeria’s (AMCON’s) sinking fund in 2013. Checks by the News Agency of Nigeria (NAN) indicated that the banks...
NIGERIA: Total Rewards Shareholders with N3.1bn Dividend
Shareholders of Total Nigeria Plc will soon start to receive the N9 per share final dividend declared by the company for the financial year ended December 31, 2013. Total ended...
Afriland Properties Records N595m Income, Pays N100m Dividend
Afriland Properties Plc (formerly UBA Properties Limited) has recorded an operating income of N595 million for the year ended December 31, 2013, showing a growth of 2,495 per cent above...
Stakeholders Raise Concern over Slow Adoption of Mobile Money
Stakeholders at the ongoing Card, ATM and Mobile Expo, which opened in Lagos on Tuesday, have raised concern over the slow adoption of the mobile money payment system in the...
‘Non-Compliance on IPSAS May Cost Nigeria Foreign Investment’
Global Leader, International Public Sector Accounting at Ernst & Young, Mr. Thomas Muller- Marques Berger, has said Nigeria risks losing its competitiveness in the global market should it fails to...
Jobe-Njie: African Economy Can Thrive on Tourism
The Gambian Minister of Tourism and Culture, Mrs. Fatou Mass Jobe-Njie, recently spoke to Raheem Akingbolu on her ministry’s mission to use tourism to deepen the bilateral relationship between her...
NIGERIA: Counting the Gains of Supporting Almajiri in Katsina
Ibrahim Shuaibu writes on the development efforts of the Katsina State Government, which has so far prevented 17,000 pupils of Quranic schools from engaging in street begging under its skill...
NIGERIA: AFC Financed $385m Investments in 2013
The African Finance Corporation (AFC), a private sector-led Pan-African multilateral development finance institution, with a capital base of US$1.2 billion, invested a total of $385 million in new investments in...