THE biggest hurdle that Air Zimbabwe might have faced in securing a strategic equity partner could have been its US$140 million debt. There were several reports on partnership talks between Air Zimbabwe and some reputable airlines but none of them has seen the light of day. It is natural that most investors are scared to put their money in businesses that are indebted, as is the case with the national airline.
Public Works Minister Samuel Woods says business climate in Liberia is becoming attractive and requires the involvement of European companies in several kinds of interventions that are most needed here. Highlighting major priority and national policy instituted by the government of Liberia, Minster Woods disclosed that the Ministry of Public Works will now concentrate on monitoring and supervision, and redirect the implementation of project to private construction companies.
Information available to this paper indicates that ex-president Charles Taylor is said to be putting together a legal team to push for his severance benefits for services he rendered here as former president of the Republic of Liberia, an aide has disclosed.
Transaction on the floor of the Nigerian Stock Exchange yesterday closed further on a positive note after mid cap shares recorded appreciation in the day, thus leading to both market performance indices appreciating by 0.66 per cent. The All-share index rose by 142.03 basis points or 0.66 per cent to close at 21,068.34 from 20.926.31 recorded on Tuesday while the market capitalisation of equities appreciated by N44 billion or 0.66 per cent to close at N6.639 trillion from N6.595 trillion recorded the previous day. Mobil Nigeria Plc and Cadbury Nigeria led on the price gainers’ table with a gain of five per cent and 4.99 per cent to close at N139.65 and N10.10 per share respectively while NCR Plc followed with a gain of 4.98 per cent to close at N10.74 per share.
There are indications that organized labour is planning a massive assault on five banks in the nation’s banking sector over alleged unfair labour practices including refused to allow workers join and unilateral retrenchment of workers without recourse to labour laws. The onslaught, Labour Vanguard investigations revealed, at first, is targeted at three old generation banks including First Bank Plc and Union Bank, and two new generation banks
Activities on the Nigerian Stock Stock (NSE) were on the upbeat on Wednesday with the All-share index (ASI) appreciating by 1.7 per cent. The News Agency of Nigeria (NAN) reports that ASI closed at 21,068.34 from the 20,926.31 recorded on Tuesday, an increase of 1.7 per cent
The Central Bank of Nigeria (CBN) on Wednesday waived the daily cash withdrawal limit of N1 million for some customers of Primary Mortgage Institutions (PMIs) and Microfinance Banks (MFBs).
The electricity and energy sector is to sign within days a contract with the World Bank whereby the latter is to offer the former US$340 million as part of the foreign contribution towards the establishment of a giant complex, south of Helwan, to produce electricity at a total cost of LE 14 billion. The project is due to become operative in 2016 and will provide job opportunities for young graduates specialized in running and maintaining power stations
Abuja — The relative peace enjoyed by the House of Representatives since its inauguration last year was threatened yesterday as some members from Kano State staged a walk-out, following the adoption of a motion inviting Governor of the Central Bank of Nigeria, Mr.
House of Representatives is set to probe the N100 million donations by the Central Bank of Nigeria (CBN) to the victims of Boko Haram attacks in Kano. In his motion entitled, “Misuse of public funds by CBN and the need to urgently establish a pool of fund for provision of relief to victims of natural disaster and some specified crimes,” Rep
