The Managing Director of the company, Neil Croucher, disclosed this in Abuja on Saturday while speaking with the News Agency of Nigeria.
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Also supporting oil, Euro zone economic growth accelerated unexpectedly in the final quarter of 2014 as the bloc’s largest member, Germany, expanded at more than twice the expected rate
Similarly, the market capitalisation, which opened at N9.321 trillion, lost N117 billion or 1.25 per cent to close at N9.204 trillion, due to price losses by some blue equities
The News Agency of Nigeria reports that the Naira against the Pound at the BDC also traded for N314, while it sold for N235 against the Euro
The Minister of Power, Prof. Chinedu Nebo, who signed on behalf of the Federal Government, urged the companies to deliver the projects within the time frame as contained in the agreement
In a statement by Adeyemi Adefulu, the President of the Nigerian-British Chamber of Commerce, made available to the News Agency of Nigeria on Thursday, Cameron canvassed the need to foster a strong economic relationship with Nigeria
He said local and foreign investors should retain their confidence in Nigeria because the economy was resilient
The managing director, who was clarifying the highlights of the PwC forensic audit report, expressed joy at the successful completion of the exercise
Dawha was clarifying the highlights of the PricewaterhouseCoopers Forensic Audit Report, which directed the corporation to reduce its unnecessary expenditure
According to the statement, the Director General of the BPE, Benjamin Dikki, said the funds shared among the power generation and distribution companies was a form of revenue accruing to the companies
Ughelli generating company received N3.91 billion, Egbin got N5.10 billion and Geregu company had N938.99 million
Bolarinwa told the News Agency of Nigeria in Lagos that the situation followed the low patronage of its products by electricity distribution companies in the country
Similarly, the market capitalisation, which opened at N9.796 trillion, lost N78 billion to close at N9.718 trillion
Given Nigeria’s rise to prominence and West Africa’s growing prosperity, the focus of the conference took a look at the industries and sectors that have been instrumental in developing the country.
The event brought together delegates from corporate, banking and financial services organizations to discuss key market issues within agri-business, hard commodities, risk mitigation and infrastructural development
Chief Roman Orukali, the monarch of the community, told News Agency of Nigeriaon Tuesday in Yenagoa, while reacting to the incident, saying there was suspected foul play
OPEC projected in its latest monthly market report on Monday in Vienna that non-OPEC countries would supply 57.1 million barrels per day of oil on average this year, some 400,000 bpd less than predicted in January
In a statement made available to newsmen in Lagos, Johnson said the “Smart State” initiative was geared at ensuring standardisation on levies charged by government at different levels
Lafarge Wapco went down by N2.99 to close at N85, while Dangote Cement dipped by N2.69 to close at N157.11 per share
Mounir Gwarzo, SEC’s Acting Director-General, who made the pledge while interacting with a select group of financial journalists in Abuja, said the commission was concerned at the growing figure of unclaimed dividends in the market
He said that the board and management remained committed to operational efficiencies and value creation for all investors of the merged company