Two “Major” Reasons Why Fuel Scarcity Has Been Lingering – Kachikwu
The Minister for State for Petroleum, Dr Ibe Kachikwu has been under fire for comments he made last week regarding the lingering fuel scarcity. Comments about him not being a…
Kachikwu Apologises, Says Fuel Queues Will End In Seven Days
Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu, has appeared before the Senate Committee on Petroleum Resources (Downstream). Kachikwu said that his comment that he is not a magician…
Nigerian Army Owes Us N15b – Discos
Nigerians have been facing the twin evil of fuel scarcity and an epileptic power supply in recent weeks. After increasing tariffs by as much as 40%, Electricity Distribution Companies have…
Stanbic IBTC vs FRC: Buy, Sell or Hold?
Stanbic IBTC continues to face challenges from the Financial Reporting Council (FRC). The bank recently released a notice on the Nigerian Stock Exchange (NSE) that a case instituted by the…
Why GT Bank Is A Buy
Guaranty Trust Bank (GTBank) recently held a conference call to discuss its FY15 results and 2016 outlook. We learnt: 1) a loan mix shift towards naira assets has helped shield…
Key Highlights & Takeaways From Dangote Sugar’s Conference Call
Dangote Sugar Refinery Plc.: Notes from Conference Call HIGHLIGHTS Revenue: Management projects positive revenue growth over 2016 largely on the back of higher volume sales and increased prices. Focusing on…
Federal Government Sacks Postmaster – General
The Federal Government has relieved the acting Postmaster General of the Federation, Enoch Ogun of his duties. He was sacked over the collection of stamp duties. Ogun was due to…
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Former Secretary-General of the Commonwealth, Emeka Anyaoku, on Tuesday disclosed that the government spent more than half of its budget on non-productive sector of the economy. He spoke at the…
Rail Traffic Volumes Tumble As Coal Stockpiles Soar At Record Rate
For the first two months of 2016, it seemed as if a modest, if stable, rebound was finally taking place among one of the hardest hit transportation sectors of 2015,…
Why We Have A Wage-Inequality Problem
Submitted by Gail Tverberg via Our Finite World blog, Wage inequality is a topic in elections around the world. What can be done to provide more income for those without…