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Court fixes Sept 21 to hear motion for winding up of NICON Insurance

By IkechukwuNnochiri The Federal High Court in Abuja has slated September 21 to hear a petition seeking to formally wind up NICON Insurance Limited following the cancellation of its operating licence. Justice ChigozieOnah, while fixing the matter for hearing, ordered that assets, properties, investments, bank accounts, books, records, documents, and other proprietary interests of the […]

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Refinery IPO is for the people as process is simplified — Dangote

By Udeme Akpan President and Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has said the forthcoming Initial Public Offering, IPO, of the Dangote Petroleum Refinery is being structured to enable ordinary Nigerians to participate in the ownership of one of Africa’s strategic industrial assets. According to him, the public offering was “for the […]

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RMAFC targets Chinese investors to boost Nigeria’s oil, gas revenue

By ObasEsiedesa, Abuja The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has commenced engagements with key stakeholders as part of plans to attract increased Chinese investment into Nigeria’s oil and gas sector and boost revenue accruing to the Federation Account. The Commission, in a statement by Head, Information and Public Relations Unit, Maryam Yusuf, said […]

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