FINANCE & ECONOMY

January 21, 2020

Electronic Offering Will Reduce Unclaimed Dividends, Attract More Investors’

The acting Director General of the Securities and Exchange Commission (SEC), Ms Mary Uduk, has said the introduction of electronic offering(e-offering) in the Nigerian capital market will help solve the problems of unclaimed dividends.
According to Uduk, ahead of the planned e-offering,"...

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January 21, 2020

NIWA Decries Property Development on Waterways

The Nigeria Inland Waterways Authority (NIWA) has decried the development of property on waterways without its approval.

The agency has also threatened to shut down Nera hotel, Abuja for infringing on Jabi lake"...

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January 21, 2020

NSE All-Share Index Rises 0.31% as Equities Market Opens Positively

A total 22 stocks appreciated to lift the Nigerian Stock Exchange (NSE) All-Share Index (ASI) by 0.31 per cent to close at 29,710.56 as the market opened for the week on a positive note. Although Law Union & Rock Insurance Plc led the price gainers’ table, appreciation in the"...

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January 21, 2020

Sarraj: Libya will face an economic collapse if oil fields not reopened

Chairman of the Presidential Council (PC) Fayez Al-Sarraj has said that Libya will face a catastrophic situation if Haftar continues blockade on the oil fields.

In an interview with Reuters, he stressed that pressure"...

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January 21, 2020

Annual meeting to present the Petroleum Sanatorium activity for the year 2019.

The annual meeting of Petroleum Sanitarium activity for the year 2019 was held at the headquarters of NOC in Tripoli, headed by NOC Chairman.
The estimated budget, the approved operational budget for the past year, the capital budget, expenditures item and sanatorial targets for the"...

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January 21, 2020

Algeria forms a bridge of relief assistance in support of the Libyan people

The Algerian Red Crescent announced the launch of a solidarity campaign with the Libyan people, through establishing a humanitarian airlift provided by the Algerian army.

In a statement on Monday, the Red Crescent"...

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January 20, 2020

Siemens Partners Ghana

Siemens has signed a memorandum of understanding (MoU) with the Republic of Ghana to address the country’s energy and infrastructure challenges, while contributing to the government’s growth and development agenda of creating high quality jobs and enhancing the vocational skills"...

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January 20, 2020

Continent Reinsurance Delists from Nigerian Stock Exchange

The Nigerian Stock Exchange (NSE) last Friday delisted the entire 10,372,744,312 ordinary shares of Continental Reinsurance Plc from the exchange. The NSE explained that the delisting followed the application of by the company to delist after conclusion of scheme of arrangement that allowed"...

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January 20, 2020

PMI Recognized for Its Climate Leadership with Six Consecutive Years on CDP’s ‘A List’ for Climate Change

Philip Morris International Inc. (PMI) (NYSE: PM) was recognized today among the top global companies leading on climate action. Environmental nonprofit CDP, formerly Carbon Disclosure Project, has placed PMI on its ‘A List’ for climate change for the sixth year in a row, recognizing"...

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January 20, 2020

Royal Decree appoints Fahd Al-Rasheed President of the Royal Commission for Riyadh City

Saudi Arabia’s King Salman Bin Abdul Aziz Al Saud has appointed Fahd Abdulmohsan Al-Rasheed as President of the Royal Commission for Riyadh City (RCRC), following his appointment in 2018 as Advisor at the Royal Court.

Al-Rasheed’s"...

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