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The Nigerian Ports Authority (NPA), has disclosed that the concession agreement with five terminal operators that have expired have been concluded and will be submitted to the Federal Ministry of Transportation for final approval renewal. Speaking over the weekend when the minister of Transportation, Engr Mu'azu Sambo, conducted a…

Nigeria's macroeconomic management framework continues to pose serious challenges to investors in the economy, the Founder/Chief Executive Officer (CEO) of Centre for the Promotion of Private Enterprise (CPPE), Muda Yusuf, has said. He said this in a statement titled 'CPPE Comments on Nigerian Economy at 62'. According to Yusuf, Nigeria's…

In what seems to be victory for the shareholders, the Nigerian Exchange Group Plc dropped the plans to raise N35billion fresh capital, allowing for wider consultations and further engagement with the shareholders. At the company's 61st annual general meeting held in its Lagos head office on Friday, NGX carefully avoided presenting for…

Operating profit of Savannah Energy Plc fell to $27.9 million in the first half of this year, from $54 million in H1 2021, the group's financial result for the six months ended June, 30 2022, has shown. The company attributes the decrease to a combination of lower revenues among which include unscheduled downtime suffered by certain of its…

Against all odds, the Annual General Meeting (AGM) of the Nigerian Exchange (NGX) Group is expected to hold on Friday, Sept 30, amid the threat by the shareholders to stake all to stop controversial N35billion capital raise for which management will seek approval during the meeting. Already both parties are in a mess of law suits and counter law…