LAGOS APRIL 19TH (NEWSRANGERS)-The Nigerian Maritime Administration and Safety Agency, NIMASA has called on private individuals and corporate investors to seize emerging opportunities within Nigeria’s Blue Economy, particularly in the maritime sector. This call was made by the Director General of NIMASA, Dr. Dayo Mobereola at the ongoing 36th Enugu International Trade Fair. The NIMASA…
LAGOS OCTOBER 11TH (NEWSRANGERS)-A consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in various locations in Nigeria, the Federal Government announced on Tuesday. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, stated this at the maiden edition of a summit organised by the Crude Oil…
LAGOS AUGUST 9TH (NEWSRANGERS)-Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock market. Current weekly…
LAGOS JULY 23RD (NEWSRANGERS)-Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one of Nigeria’s fastest growing companies. The bank has also seen rapid expansion in customer base and assets as total balance sheet size leapt from N2.1 trillion to N6.2…
LAGOS JANUARY 21ST (NEWSRANGERS)-Record inflation, a sliding naira currency and weak financial structure are keeping investors wary of Nigeria, Africa’s largest economy, with some companies even stepping away despite economic reforms under recently-elected President Bola Ahmed Tinubu. Tinubu, who took office last May, has repeatedly called for patience to allow his reforms to take effect…
LAGOS JANUARY 7TH (NEWSRANGERS)-A raid by Nigerian anti-graft officials on the offices of Dangote Industries Ltd, controlled by billionaire Aliko Dangote, will harm the economy and deter investors, according to the chairman of an influential panel in the country’s parliament. “The raid on Dangote Group is not only very suspicious, but most importantly capable of…
LAGOS AUGUST 2ND (NEWSRANGERS)-President Bola Tinubu has barely been in power for two months but his radical reforms are already trying the patience of fellow Nigerians. Surging gasoline prices and rampant inflation following the abolition of fuel subsidies and exchange rate reform are hammering the poor in Africa’s most populous nation, where 40% of its…
LAGOS JUNE 23RD (NEWSRANGERS)-Nigeria President Bola Tinubu has declared that ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI) into the country. He has, therefore urged foreign investors to take advantage of opportunities in Nigeria. Speaking Thursday…