NGX lists N4.075bn AVA Infrastructure Fund The Nigerian Exchange Ltd. (NGX) has listed N4.075 billion of AVA Infrastructure Series One Fund on its trading platform. Mr Godstime Iwenekhai, Head, Issuers Regulation Department of NGX, disclosed this in a statement on Saturday in Lagos. Iwenekhai said AVA Global Asset Managers Ltd’s., AVA Infrastructure Series 1 Fund […]

NGX Weekly: Airtel, 36 others Lower Market cap by N761bn Having lost in four of the five trading sessions, the Nigerian Exchange Ltd.(NGX) stock market capitalisation closed the week with N761 billion loss, week-on-week. Sell-offs in Airtel Africa, Transnational Corporation (Transcorp),PZ Cussons Nigeria, Berger Paints, Zenith Bank, FBN Holdings, among other declined equities were the […]

Fuel Scarcity Will Soon Be Over, Senate Leader Assures Nigerians The Senate Leader, Opeyemi Bamidele, has assured Nigerians that the fuel crisis experienced in the country will soon be a thing of the past. Bamidele gave this assurance in an interview with newsmen on the sidelines of the Oil Technology Conference (OTC) in Houston, Texas, […]

GTCO Owners Endorse N94bn Dividend, Approve $750m Capital Raising Owners or shareholders of Guaranty Trust Holding Company (GTCO) Plc on at the third Annual General Meeting approved the company’s plan to establish a capital raising programme of $750 million either through public offerings, private placements, rights issues and/or other transaction modes. Also, the shareholders endorsed […]

Gov. Sule’s Efforts in Mineral Sector Creating Jobs, Boosting IGR–Speaker Speaker, Nasarawa House of Assembly, Mr Danladi Jatau, said Gov. Abdullahi Sule’s efforts in the mineral and other sectors of the economy have created jobs, boosted IGR and improved the standard of living of the people of the state. The speaker stated this on Friday […]

NNPC, First E&P JV Empower NGOs with N53.4m The Nigerian National Petroleum Company Limited (NNPC Ltd.) and First Exploration & Production Limited (First E&P) Joint venture (JV) have donated N53 million to some NGOs in Nigeria. The NNPC Ltd. said the donation was part of its Corporate Social Responsibility (CSR) initiatives. Mr Bala Wunti, Chief […]