DPR Revokes Six Oil Licences To Recover Legacy Debts
TheCable is reporting that the Department of Petroleum Resources (DPR) has revoked five oil mining licences (OML) and one oil prospecting licence (OPL) belonging to five companies. Click here for more.
FAAN rallies airlines, operators to improved airport infrastructure plan
The Federal Airports Authority of Nigeria (FAAN) has entered into a partnership with the Airline Operators of Nigeria (AON) and Airline Operating Committee (AOC) towards improving services at airports nationwide. The move, which is an initiative of the new Managing Director of FAAN, Capt. Rabiu Yadudu, is to get the buy in of the major stakeholders in the new dispensation. Click here for more.
Why Ibe Kachikwu’s re-appointment is highly uncertain at this point
Nigeria’s three dormant refineries have cost the country about N8 billion after failing to meet operational capacity. The country’s failure to attain 90% self-sufficiency in oil refining could deny Ibe Kachikwu a second term as the country’s Minister of State for Petroleum Resources. Click here for more.
Amaechi’s Four Years as Transport Minister
At a stakeholders meeting held in Lagos last week, the immediate past Minister of Transportation, Rotimi Ameachi, did the unusual when he publicly acknowledged his failures in critical areas in the maritime industry. Click here for more.
Investors Lose N178.21bn As NSEASI Dips Further By -1.30%
Equities market closed today on a negative note, as NSEASI depreciated by 1.30% to close at 30,527.07 points as against 0.45% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -2.87%. Click here for more.
Crisis of confidence in capital market will dampen investors’ appetite for stocks
The increasing crisis of confidence in Nigeria’s stock market will further erode investors’ confidence, and slow down buying interests, analyst at Investdata Consulting Limited, has said. Specifically, the Chief Research Officer, Investdata, Ambrose Omodion, said there is already a panicky mode, as investors watch developments in the market. Click here for more.
Ecobank Transnational Incorporated $50m Eurobond Tap Issuance Oversubscribed
Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announces that it has successfully tapped the international capital markets for an additional $50 million in Eurobonds (the “Bonds”) due April 2024. Click here for more.
Commodity Market To Create 15,000 Jobs
About 15,000 jobs will be created by the Gezawa Commodity Market and Exchange, its Coordinator, Binfa Binchang, has said. He spoke at the organisation’s maiden Farmers Corporative Forum in Kano. Over 20, 000 farmers registered as cooperative societies at the event and interacted with financial institutions, investors and other stakeholders. Click here for more.
Going into equipment rental business
Starting the exact same business in two locations mere miles apart can lead to radically different results. A bike rental downtown will have different customers than one by the beach, and they will have different needs. So before you get started make sure that you know what your customers are looking for. Click here for more.
Trump To Decide On $300 Billion China Tariffs After G20 Meeting
U.S. President Donald Trump said on Thursday he would decide whether to carry out his threat to hit Beijing with tariffs on at least $300 billion in Chinese goods after a meeting of leaders of the world’s largest economies late this month. Click here for more.