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AfDB debars Nigerian firm,CEO for three years over alleged fraudThe African Development Bank ( AFDB ) Group has announced the debarment of ALG Global Concept Nigeria Limited, a construction company
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FRSC Partners Australian Firm On Drivers’ Safety TrainingAustrian Technologies Nigeria Limited (ATN) and Test and Training International (TTI), a drivers’ safety training company, have partnered with the Federal Road Safety Commission (FRSC) to introduce world class drivers’ safety training to professional drivers in Nigeria. The programmed, Drivers’ Safety Training and Certification (DSTC), shall be implemented in cooperation with FRSC and Fédération Internationale […]
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Mixed reactions trail Otedola’s move to buyout Forte Oil upstream, power firm – Daily TrustShareholders and Capital Market Operators yesterday expressed mixed reactions to moves by Mr Femi Otedola, Forte Oil Plc chairman, to buyout the company’s upstream and power assets. They said this in separate interviews with the News Agency of Nigeria (NAN) in Lagos.ADVERTISEMENT The stakeholders and operators were reacting to Otedola’s plan to buyout the company’s …
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Naira to depreciate to N401$ in H2’19— Afrinvest - Vanguard News NigeriaAFRINVEST Limited, a Lagos based investment firm, has projected that the naira will depreciate to N401 per dollar in the second half of 2019 (H2’19). The firm also projected that Nigeria’s Gross Domestic Product, GDP, will grow by 2.5 percent this year as against 1.9 percent recorded in 2018. The firm made this projection in its economic outlook for 2019 titled: “On the Precipice, of the 2019 economic outlook”. Presenting the firms’ outlook compiled by the Chief Executive Officer, Mr. Ike Chioke, the Deputy Managing Director, Afrinvest, Victor Ndukauba said: “Overall, we believe the exchange rate will remain stable, especially in H1’19, since the CBN has ample reserves for interventions.
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