1. The drop in the price of crude oil at the international market from $115 per barrel in June 2014 to a five-year low of $59.45 at the weekend has reportedly
reduced the Federal Government’s indebtedness to marketers on subsidy claims.
2.
Nigerian banks are mobilising funds to provide education, upkeep and other supports for the large number of widows and orphans created by the Boko Haram sect in the North East.
3. Nigeria Liquefied Natural Gas (NLNG) Limited, has announced that they will be
sponsoring 57 young Nigerians for a shipbuilding, repair and construction course in South Korea.
4.
Ecobank has been named Investment Bank of the Year – Nigeria in the Wealth & Finance International Magazine Finance Awards 2014.
5. The Management of Inspenonline, an insurance and pension online medium,
has released the names of nominees for the 2014 Nigerian Insurance and Pension (Inspen) Award.
6. The Federal Government said
it will directly engage with prospective project developers to set up renewable energy projects in the country. Accordingly, they received pledges from three companies to set up 1 gigawatt, GW solar power capacity in the country which are; solius NGPC, Peoples Home Association and Solar Force Nigeria Limited.
7.
Skye Bank Plc, in a notice to the Nigerian Stock Exchange (NSE) on Monday, said it has appointed Amaka Onwughalu as interim Managing Director for Mainstreet Bank. Onwughalu would also oversee the affairs of the bank as the Deputy Managing Director (DMD).
8. It has been reported that the Federal Government is
expected to save $2.5 billion or four per cent of this year’s budget by removing oil subsidy, a report by Renaissance Capital (RenCap), a global investment and research firm has said.
9. Lagos
State Governor, Babatunde Fashola, has called on the organized private sector to invest in the mega city so that the project can commence in 2015. Speaking through the Permanent Secretary, Mr. Wale Raji, in Lagos, Fashola stated that the state government has the obligation to develop strategies that would help it harness public and private investments with a view to having a dynamic and expanding economy that is functional and visually attractive.
10. Adron Homes and Properties Limited, a real estate development company
has inaugurated a new home ownership plan for low income earners under its “Who Wants to be a Landlord?” initiative. Its Chief Executive Officer, Dr. Adetola Emmanuel-King, said the company is determined to address housing challenge of low income earners Nigerians, is reduced to a reasonable level.
