Finance articles

Nigeria To Host $30bn Refinery Investments

  Existing and proposed refinery projects in Nigeria carry a total investment profile of $30bn Some $30 billion or N6 trillion is entailed in the investment plan to grow the nation’s refining capacity by over 300 percent and finally relieve the economy of all the malaise associated with massive importation of petroleum products as well

Again, Aliko Dangote Remains Africa’s Richest

Bill Gates has been declared the world’s richest man for the 16th time in Forbes magazine’s annual ranking of global billionaires. The Microsoft founder once again beat Mexican businessman Carlos Slim to the top spot in the 2015 ranking released yesterday. Similarly, Nigeria’s Aliko Dangote retains the top spot as Africa’s richest although he lost

Michael Jordan and 289 others join Forbes billionaires list

Forbes released its 2015 list of the world’s billionaires Monday, welcoming hoops legend Michael Jordan and the youngest self-made woman ever to its ranks. Who are some of other the new members of the Forbes list,  and how did they get there? Michael Jordan is arguably the greatest basketball player to lace up a pair

Avoid Panic Buying, NNPC Warns Nigerians

The Nigerian National Petroleum Corporation (NNPC) has described the shortage of Premium Motor Spirit, popularly known as petrol, as “artificially induced,” warning Nigerians against panic buying. The agency on Friday said it had injected an additional 688 million litres of the product into the system, but did not state while the addition was necessary. Details

FCMB Capital Markets emerges Best Local Investment Bank

FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc, has been adjudged the “Best Local Investment Bank in Nigeria” at the 2014 African Banking Awards, organised by EMEA Finance magazine. This award recognizes the outstanding achievements of FCMB Capital Markets over the past year, having supported the successful execution of landmark transactions

Nigeria Navy Apprehend 13 Oil Thieves, Intercepts Vessel

The Nigerian Navy, Central Naval Command, with headquarters in Bayelsa State, has arrested 13 suspected oil thieves and intercepted a vessel laden with stolen crude oil. The suspects and the vessel, christened MT REDEMPTION, were apprehended at the Middleton and Peddington area of Brass, Bayelsa State, off the Atlantic Ocean. The suspects were paraded at