Category Archives: Business Listing

MTN Nigeria Resumes Listing Discussions With SEC, NSE

There are strong indication that telecommunication firm (MTN), may finally actualise its desire to list its shares on the floor of The Nigerian Stock Exchange (NSE), as the Securities and Exchange Commission (SEC) has confirmed that discussions are at top gear in this regard.

Mounir Gwarzo, Director General of SEC disclosed this at the Second Quarter Capital Market Committee (CMC) Meeting press briefing in Lagos yesterday.

He said conversation is now back again on how MTN shares will be listed on the Exchange.

His words: We are speaking on what we think are appropriate. We are talking to know if they are going to do it though electronic means or not. I believe they are still interested in listing on the Exchange and very soon this will be done”.

Last month, , Nikiwe Tsaagane, while on a courtesy visit to Ogbonnaya Onu, Minister of Science and Technology, said the efforts to list on the NSE would help to fast-track improvement in the Nigerian economy.

“It is going to offer important role in capital market as it will be one of the largest transactions in Africa. This will showcase Nigeria in the global economy if we can achieve it.

Smoked and Dried CatFish Processing Company In Nigeria

Nigerians are large consumers of fish and it remains one of the main products consumed in terms of animal protein. It is cheap and highly acceptable, with little or no religious bias, which gives it an advantage over pork or beef.Only about 50% of the demand for fish is currently being met by local supply. The fishery sector is estimated to contribute 3.5% of Nigeria’s Gross domestic product (GDP) and provides direct and indirect employment to over six million people (Trade invest Nigeria, 2010).

For centuries, humans have been drying and smoking catfish as a way of preserving it from spoilage. The preserving techniques vary from sun drying, salting to smoking with charcoal fire over crude furnaces. In Nigeria over 70% of fishes caught by artisanal fishermen and women are dried and smoked; the reason being that we lack electric power to preserve the fishes by freezing. The smoking and drying process utilized by local fishermen in Nigeria is fraught with uncertainties about the state of the products. These range from unhygienic conditions, flies perching and laying eggs on the fish being processed to improper drying, which leads to early deterioration of the fishes dried.

Contact Addresses Of Top Oil and Gas Companies In Nigeria

Earnings from Oil and gas export accounts for about 83% of federal government of Nigeria’s annual budget.
Below are Contact Addresses of top Oil and Gas companies in Nigeria that are playing key role in the exploration, drilling, Production, engineering services, consultancy and marketing of oil and gas.
African Petroleum Plc
Address: AP House, 54/56 Broad Street, Marina, Lagos Island, Lagos.
Phone: +234 1 2600050-9; Fax: +234 1 2635290.
Website: http://www.applcng.com/

Cashew Farmers In Nigeria Laud FG’s Export Revenue Generation Drive

The National Cashew Association of Nigeria (NCAN) has commended the federal government over its various ways of boosting revenue generation in Nigeria through cashew export.

President of the association, Mr .Tola Faseru, who disclosed this in a chat with our correspondent, recently, said with the federal government commitments, it will meet the demand of Walmart, which means it’s ready to do more across the cashew valve chain.

Faseru also noted that for the federal government of Nigeria would need to increase production of cashew, improve its quality in terms of processing, in order to earn $7 billion from the cash crop adding that value addition has to be supported.

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