Commission Wants Database On Distribution Of Infrastructure

The Federal Character Commission (FCC) on Monday called for a comprehensive database for equitable infrastructure and manpower distribution in the country The Director, Monitoring and Enforcement in the commission, Mr David Fakeye, made the call in an interview with News Agency of Nigeria (NAN) in Abuja. “The database would ensure equity and fairness.’’ Fakeye said […]

U.S. Firm Promises 400MW In 14 Months

In the next 14 months, an American consortium (Team Africa), would generate 400Mega Watts ( MW) from its electricity investment plans for Nigeria. Speaking during a visit to the Ministry of Power, Abuja, the leader of the American investors’ delegation, Mr. Roy Yeferez , who unveiled the plan, also noted that the investment decision, which […]

Shareholders Raise Afreximbank’s Capital Through Reinvestment Of $20.5 Million Dividend

The African Export-Import Bank (Afreximbank) says its shareholders have reinvested $20.5 million recommended by the board of directors as dividends into the equity of the bank. This is contained in a statement by the bank made available to newsmen on Wednesday in Lagos. According to the statement, the decision was taken by the shareholders during […]

Afreximbank, Stakeholders To Meet On Trade Finance

The African Export-Import Bank (Afreximbank) says it will meet with legislators and regulators from West and Central Africa on June 13 on the development of factoring in Africa. A statement by the bank on Tuesday in Lagos said the meeting would hold at the Radisson Blu Anchorage Hotel, Lagos. It quoted the bank’s President, Jean-Louis […]

SMEs Want New CBN Gov To Give Out N220 Bn Intervention Fund

Small and Medium Enterprises (SMEs) have called on the new Governor of the Central Bank, Mr Godwin Emefiele, to promptly disburse the N220 billion intervention fund for operators. President, NECA’s Network of Entrepreneurial Women (NNEW), said the establishment of the fund in August 2013 raised the hope of many entrepreneurs who had been obtaining loans […]

Returns: NB Plc Yet To Hit The Mark

By Festus Okoromadu Executive Summary For Nigerian Breweries Plc, the financial year ended 2011 was one of great business adventure as it acquired no fewer than two companies in order to boost its earnings capacity.  In the course of the review financial year, the Iganmu- based brewery led by Kola Jamodu, acquired Sona Systems Associates […]

Analyst Report on Vitafoam

Analyst Report on Vitafoam

Based on the analysis carried out on Vitafoam Nigeria Plc audited report for the financial year ended September 30, 2012, it is obvious there is a great challenge before the new management of the Company. Score Card Vitafoam Plc