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Nigeria, South Africa Need $90b To bridge Energy Gaps For Telecoms Services

Nigeria, South Africa Need $90b To bridge Energy Gaps For Telecoms Services

PWC canvasses renewable off-grid tech under Power Africa initiative Sub-Saharan African (SSA) countries including Nigeria, South Africa, Kenya, Angola, among others might need between $60 billion and $90 billion (N17.7 trillion) yearly investments to bridge the growing energy gaps in the region for a sustainable telecommunications sector. This major investment is expected to go into […]

EU Watchdog Lauds Insurers’ Moves To Adopt Business Models

EU Watchdog Lauds Insurers’ Moves To Adopt Business Models

Insurers are making progress in adjusting their business models to account for low-interest rates and the complex new risk-capital regime called Solvency II that took effect at the start of the year, the EU’s top insurance regulator said. Insurers have also been diversifying their investment portfolios to obtain greater returns, while avoiding an alarming increase […]

Geraldine Fraser-Moleketi Launches Women Empowerment Fund

Geraldine Fraser-Moleketi Launches Women Empowerment Fund

Geraldine Fraser-Moleketi has launched a $300-million (R26-rillion) empowerment fund, the Affirmative Finance Action for Women in Africa (AFAWA), specifically designed to help female-owned businesses on the continent with finance in order to thrive. The AFAWA Program, according to Fraser-Moleketi, plans to address the financing gap that exists with respect to women’s access to finance and […]

ExxonMobil CEO: Ending Oil Production ‘Not Acceptable For Humanity’

ExxonMobil CEO: Ending Oil Production ‘Not Acceptable For Humanity’

Rex Tillerson, the boss of oil giant ExxonMobil, said cutting oil production was “not acceptable for humanity” as he fought off shareholders’ and activists’ attempts to force the company to fully acknowledge the impact of climate change on the environment and Exxon’s future profits. During a long and fractious annual meeting in Dallas on Wednesday, […]

Nigeria Ranks 64th On Minority Shareholders’ Interest Index

Nigeria Ranks 64th On Minority Shareholders’ Interest Index

Finance Minister, Kemi Adeosun, yesterday, described as gladdening Nigeria’s 64th ranking among 140 countries on the protection of minority shareholders interest, comparing favourably with China, 71st; Brazil, 78th; and Russia 116th respectively in the latest World Economic Forum ranking index of 2013/2016. The World Economic Forum index ranks countries yearly based on the strength of […]

Why Nigeria’s Tomato Paste Industry is Not Thriving

Why Nigeria’s Tomato Paste Industry is Not Thriving

A recent undercover survey has revealed that Nigeria’s porous borders and the poor capacity of Nigerian consumers to differentiate between quality and substandard tomatoes paste products are the biggest factors challenging the success of Nigeria’s indigenous tomato paste industry. A recent visit to the border town of Seme and Cotonou in Benin Republic revealed that […]

Dollar Shortage Stalls Fuel Imports

Dollar Shortage Stalls Fuel Imports

Another fuel crisis looks set to rock the country as some vessels are stuck off Nigeria, unable to unload their cargoes of petrol and diesel. At least 75 ships with two and a half million tonnes of fuel are waiting for importers in the country to find the dollars they need to pay for the […]

Skye Bank Advises SMEs On Long-Term Growth

Skye Bank Advises SMEs On Long-Term Growth

Skye Bank Plc has advised the Small and Medium Enterprises in the country to put in place strong internal control and effective book keeping measures as critical success factors for business sustainability. The Head, Small Business Group of the bank, Mrs. Ayodele Olojede, gave the advice in Benin City during the bank’s Pan-Nigeria SME seminar […]

Oil Up As Canada, Nigeria Problems Counter Stockpile Concern

Oil Up As Canada, Nigeria Problems Counter Stockpile Concern

Crude Oil prices rose yesterday, boosted by supply disruptions in Canada and Nigeria that have knocked out 2.5 million barrels of daily production and temporarily eclipsed concern over high global inventories and a looming surplus of refined products. Brent crude futures were up 39 cents on the day at $44.02 per barrel while U.S. crude […]

Oando Increases Gas Footprint via Ajaokuta LNG Project

Oando Increases Gas Footprint via Ajaokuta LNG Project

Oando Gas and Power Limited (OGP), the foremost indigenous developer and provider of gas and power solutions, and a fully-owned entity of Oando Plc, has commenced development of a mini Liquefied Natural Gas (LNG) facility through its Transit Gas Nigeria Limited (“TGNL”) subsidiary in Ajaokuta, Kogi State. The liquefaction plant is primarily directed towards fulfilling […]