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Dangote Cement shareholders approve N10.5 dividend payment

Shareholders of Dangote Cement on Wednesday approved the dividend payout of N10.50 per 50 kobo share, representing 90 per cent of net profit and an increase of 23.5 per cent over the N8.5 per share paid last year. The President, Progressives Shareholders Association of Nigeria, Boniface Okezie, was quoted in …

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Nigerians react as Buhari signs Appropriations Bill in June

It’s Kudos and knocks for Buhari and the National Assembly as 2018 budget is signed six months into the year. President Muhammadu Buhari has signed the 2018 Appropriations Bill (2018 Budget) into law on Wednesday, June 20, 2018 – six months into the year. Christianed “Budget of Consolidation”, President Buhari …

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MDAs ‘got N1.580tr for projects’

Ministries, Departments and Agencies (MDAs) got N1,580,270,755,084.44 as capital cost for 2017 budget, the Federal Government said yesterday. Finance Minister Mrs. Kemi Adeosun, who released the figure in Abuja yesterday, said the N1,580,270,755,084.44 total capital releases for 2017 was remarkably higher than the N1,219,471,747,443.00 total capital releases for 2016. In …

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SMEs Still Grappling With Funding Challenge

Small, Medium Enterprises (SMEs) play critical role in the economic development of any country, whether they are developed or developing. Their role in terms of production, employment generation, contribution to exports and facilitating equitable distribution of income is critical and cannot be over emphasised.   In this piece, Bamidele Ogunwusi, …

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How pork can provide solution to unemployment saga

There is a wide range of opinions with respect to jobs in Nigeria; the availability of jobs, employment rate, employable youths, economic circumstances that influence corporate organizations and the role of the government in the creation of jobs. Some arguments support the notion that the responsibility of job creation lies …

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NNPC to begin retail of petrol in West Africa

The Nigerian National Petroleum Corporation (NNPC) Wednesday in Abuja said it would begin retailing of petroleum products across markets in the Economic Community of West African States (ECOWAS) in the next two years. NNPC Group Managing Director, Maikanti Baru, who rebranded key downstream subsidiaries of the group said the company …

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Africa’s first treasury bills investment app makes debut

A new frontier has opened for investors in the African finance sector with the launch of I-invest, a mobile application that allows users purchase Treasury Bills (T-Bills) directly from their smartphones.   Developed by Parthian Partners, a pan African inter-brokerage services firm in partnership with Sterling Bank Plc, I-invest enables …

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11 firms indicate interest in Ondo bitumen exploration

Eleven private firms have shown interest to partner with the Ondo State Bitumen Exploration and Exploitation Company (BEECON) through the State Development and Investment Agency (ONDIPA) to commence the exploitation and exploration of bitumen in the state.   The Special Adviser to Ondo State Governor on Development and Investment, Boye …

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