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  • 2014
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Day: 8 May 2014

Nigeria News

APC Raises Alarm over Plot to Transfer CP Ogunsakin

Faustinus Nwaorgu Faustinus NwaorguMay 8, 2014
•Felicitates With Gov. Amaechi on Security Award The All Progressives Congress (APC), Rivers State Chapter, has raised the alarm over plans by the Presidency to transfer the State Commissioner of...
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Uncategorized

2014 World Cup: Rivers APC Backs Keshi’s Super Eagles List, Says Team Will Do Well in Brazil

Anthony-Claret Ifeanyi Onwutalobi Anthony-Claret Ifeanyi OnwutalobiMay 8, 2014
The Rivers State Chapter of the All Progressives Congress (APC) has thrown its weight behind the provisional list of players for the Brazil 2014 World Cup drawn up by Coach...
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Markets

Inclusive Growth: AfDB Wants Nigeria, South Africa, Kenya to Synergise

Maris Naomi MarisMay 8, 2014
The African Development Bank (AfDB) has advocated appropriate synergies between Nigeria, South Africa, and Kenya to engender an economic growth that is inclusive in the region.   By the recent...
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Business

NIGERIA: AMCON Appoints Advisers for Sale of Mainstreet Bank

Maris Naomi MarisMay 8, 2014
The Asset Management Corporation of Nigeria (AMCON) has appointed Barclays Africa Group Limited and Afrinvest as financial advisers for the divestment of its shareholding in Mainstreet Bank Limited.   The...
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Business

NIGERIA: UBN Appoints Adviser for Divestment of Subsidiaries

Maris Naomi MarisMay 8, 2014
Union Bank of Nigeria Plc has appointed financial advisers that will guide the bank on  the best option for  divesting its non-banking subsidiaries.   The divestment is in compliance with...
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Business

NIGERIA: MTN Foresees Naira Devaluation in 2015

Maris Naomi MarisMay 8, 2014
The MTN Group Limited anticipates that the naira will be devalued after next year’s election, saying that the move will boost its import costs in Nigeria.   Declining oil exports...
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Business

NIGERIA: Fitch Rates Diamond Bank’s Senior Debt ‘B(EXP)’

Maris Naomi MarisMay 8, 2014
Global rating agency, Fitch Ratings has assigned Diamond Bank Plc's United States dollar senior debt notes an expected Long-term rating of 'B(EXP)' with a recovery rating of 'RR4(EXP)'.   The...
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Business

NIGERIA: Group Launches African Economic Data Service

Maris Naomi MarisMay 8, 2014
The Exchange Data International (EDI), a provider of global securities data, has announced the launch of its latest service, the African Economic Data Service (AFED), which it termed an unrivalled...
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Markets

NIGERIA: Okumagba Elected President, Chartered Institute of Stockbrokers

Maris Naomi MarisMay 8, 2014
The Chartered Institute of Stockbrokers (CIS), which the professional umbrella body for stockbrokers in Nigeria, has elected the Group Managing Director of BGL Group, Mr. Albert Okumagba  the new president...
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Markets

NIGERIA: Seplat Named WEF Global Growth Company

Maris Naomi MarisMay 8, 2014
The World Economic Forum (WEF)  has named SEPLAT Petroleum Company Development Company Plc,  a Global Growth Company.   With this recognition, SEPLAT joins a vibrant community of the world’s most...
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