| Tuesday, February 18, 2020 |
NNPC, oil majors disburse $360m for Ogoni clean-up The Nigerian National Petroleum Corporation and its joint venture partners have disbursed $360m towards the Ogoniland clean-up project as recommended by the United Nations Environment Programme….read more.
SEC advocates more palliatives to encourage listings The Securities and Exchange Commission has called on the Federal Government to come up with more palliatives that will encourage more companies to list on the nation’s capital market….read more.
FG shortlists 200 investors for gas flare sites The Federal Government has shortlisted 200 investors to bid for gas flare sites after the evaluation of statements of qualification submitted by interested companies. The Department of Petroleum Resources disclosed this on Monday, saying that 45 gas flare sites would be put up for auction in the first phase of the Nigerian Gas Flare Commercialisation Programme….read more.
Operators task banks on SMEs lending, financial advisory Following banks’ implementation of reduced charges as recently directed the Central Bank of Nigeria (CBN), analysts and operators have underscored the need for banks to increase lending to growing companies in the small and medium enterprises (SMEs) space to avoid erosion of revenue and boost their bottom-line….read more.
NNPC, IOCs release $360 million for Ogoni cleanup Of the $1 billion recommended for the cleanup of Ogoniland, the Nigerian National Petroleum Corporation (NNPC) and its joint venture (JV) partners – Shell Petroleum Development Company (SPDC), Total Exploration and Production of Nigeria (TEPNG) and Nigerian Agip Oil Company (NAOC)– yesterday disbursed $360 million for the project…read more.
Finance Act to significantly benefit MSMEs, FMCG, say experts Experts in Nigeria’s financial services sector have said the provisions of the Financial Act 2020, recently signed into law by President Muhammadu Buhari, would significantly benefit the Fast-Moving Consumer Goods (FMCG) space, especially from the perspective of the Micro, Small and Medium Enterprises (MSMEs)….read more.
Stanbic IBTC Leads Afreximbank’s N300bn Bond Issiuance Programme Stanbic IBTC Capital Limited, a subsidiary of the Stanbic IBTC Holdings Plc has established a N300 billion Domestic Bond Programme for the African Export-Import Bank (Afreximbank)….read more.
Derefaka: FG Liberalising Gas Market with New Transportation Code The federal government intends to make Nigeria’s gas market profitable to investors and the country, with the National Gas Transportation Network Code, the Technical Adviser on Gas Business and Policy Implementation to the Minister of State for Petroleum Resources, Justice Derefaka, has said….read more.
Moody’s says economic growth to slow across APAC, lowers China forecast As of Feb. 17, the Chinese government said a total of 72,436 people are confirmed to have had the disease while 1,868 people have died. Singapore Airlines temporarily ceased some service on major flight routes around the world, including New York and London, citing weak demand….read more.
FMBN disburses N238 billion in 27 years Commissioning of the 154-unit Woodhill housing estate in Kuje, Abuja. The estate was funded by FMBN to the tune of N498M through a partnership with Akacare Multipurpose Cooperative Society. The Federal Mortgage Bank of Nigeria (FMBN), said it has disbursed about N238billion in 27 years, which has helped to construct and deliver 7,740 housing units in the country….read more.
Demutualisation will unlock more capital, spur economic growth Concordant tunes have trailed the ongoing demutualisation of the Nigerian Stock Exchange (NSE), especially the 78:22 equity distribution ratios, even as stakeholders affirmed that the exercise would unlock more capital for wealth creation and ultimately stimulate economic growth…read more.