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    Wednesday, April 13, 2016

    Investment Companies

    Generally, an "investment company" is a company (corporation, business trust, partnership, or Limited Liability Company) that issues securities and is primarily engaged in the business of investing in securities.

    An investment company invests the money it receives from investors on a collective
    • Mutual funds (legally known as open-end companies);
    • Closed-end funds (legally known as closed-end companies);
    • UITs (legally known as unit investment trusts).
    • A UIT typically will make a one-time "public offering" of only a specific, fixed number of units (like closed-end funds). Many UIT sponsors, however, will maintain a secondary market, which allows owners of UIT units to sell them back to the sponsors and allows other investors to buy UIT units from the sponsors.
    • A UIT will have a termination date (a date when the UIT will terminate and dissolve) that is established when the UIT is created (although some may terminate more than fifty years after they are created). In the case of a UIT investing in bonds, for example, the termination date may be determined by the maturity date of the bond investments. When a UIT terminates, any remaining investment portfolio securities are sold and the proceeds are paid to the investors.
    • A UIT does not actively trade its investment portfolio. That is, a UIT buys a relatively fixed portfolio of securities (for example, five, ten, or twenty specific stocks or bonds), and holds them with little or no change for the life of the UIT. Because the investment portfolio of a UIT generally is fixed, investors know more or less what they are investing in for the duration of their investment. Investors will find the portfolio securities held by the UIT listed in its prospectus.
    • A UIT does not have a board of directors, corporate officers, or an investment adviser to render advice during the life of the trust. Basis, and each investor shares in the profits and losses in proportion to the investor's interest in the investment company. The performance of the investment company will be based on (but it won't be identical to) the performance of the securities and other assets that the investment company owns.

    The federal securities laws categorize investment companies into three basic types:
      
    In general, there are other types.  A fourth and lesser-known type of Investment Company is a Face-Amount Certificate Company. A major type of company not covered under the Investment Company Act is private investment companies, which are simply private companies that make investments in stocks or bonds, but are limited to under 100 investors and are not regulated by the SEC. These funds are often composed of very wealthy investors.

    Mutual funds
    A mutual fund is a type of Investment Company that pools money from many investors and invests the money in stocks, bonds, money-market instruments, other securities, or even cash. While there is no legal definition of the term "mutual fund", it is most commonly applied to so-called open-end investment companies, which are collective investment vehicles that are regulated and sold to the general public on a daily basis.

    Mutual funds are generally classified by their principal investments. The four main categories of funds are money market funds, bond or fixed income funds, stock or equity funds, and hybrid funds. Funds may also be categorized as index (or passively managed) or actively managed.

    Closed-End Fund
    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
    Closed-end funds are usually listed on a recognized stock exchange and can be bought and sold on that exchange. The price per share is determined by the market and is usually different from the underlying value or net asset value (NAV) per share of the investments held by the fund. The price is said to be at a discount or premium to the NAV when it is below or above the NAV, respectively.

    Unit Investment Trusts (UITS)
    An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable "units" to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income.
    Some of the traditional and distinguishing characteristics of UITs:
    A UIT typically issues redeemable securities (or "units"), like a mutual fund, which means that the UIT will buy back an investor’s "units," at the investor’s request, at their approximate net asset value (or NAV) . Some exchange-traded funds (ETFs) are structured as UITs. Under SEC exemptive orders, shares of ETFs are only redeemable in very large blocks (blocks of 50,000 shares, for example) and are traded on a secondary market.

      

    .....save (something) for a rainy day, Invest wisely.



    Category: articles

    Monday, April 4, 2016

    As part of our Human Resource Development initiatives, the Niger Delta Development Commission, NDDC, is commencing the 2016 Post-Graduate Foreign Scholarship Programme, to equip Niger ADeltans with relevant training and skills for effective participation in the Local Content programme of the Federal Government, as well as compete globally in various professional fields. The Scheme is for suitably qualified applicants with relevant Bachelor's/Master's Degree(s) from recognized universities in the following professional disciplines:

    1. Engineering

    2. Medical Sciences (M.Sc. Public Health excluded)

    3. Computer Science/Technology

    4. Geology

    5. Geosciences

    6. Environmental Sciences

    7. Agriculture

    8. Environmental or Gas/Oil Law

    9. Project Management

    APPLICATION REQUIREMENTS
    1. First Degree with minimum of 2nd Class Lower Division for those wishing to undertake a Master's Degree programme and a good Master's Degree for PhD candidates from a recognized university.

    2. Applicants must have gained admission for a Post Graduate Programme in any of the listed disciplines above, in a foreign University.

    3. Applicants who have already enrolled inoverseas' universities are NOT eligible to apply.

    4. Guarantor's written consent of good conduct of the applicant from any of the following persons from the applicant's community/clan. a. Member of National Assembly b. Chairman of the LGA. c. First class traditional ruler. d. High Court Judge

    5. Persons with evidence of cult membership or criminalrecord shall notbe considered for the award.

    6. Applicants must have completed the mandatory National Youth Service (NYSC). 7. Applicants must have a valid Admission Letter from a Foreign University.

    MODE OF APPLICATION 
    1. Application must be made on-line at the Commission's website: ( www.nddc.gov.ng) with the following attachments:
     i Recent passport photograph
    ii Local Government identification letter.
    iii Post Graduate (PG) admission letter from Overseas University.
    iv Relevant Degrees from recognized University. v N.Y.S.C Discharge Certificate.

    2. Successfully completed application form will be assigned a registration number automatically.

    3. Print the hard copy of the on-line generatedacknowledgement for ease of reference.

    4. All shortlisted applicants will be posted on NDDC website, ( www.nddc.gov.ng )

    5. For further enquiries please contact: Director, Education Health and Social Services (NDDC) Mobile: 08034534598; 084668158 E-mail:victor.seigha@nddc.gov.ng

    DEADLINE:
    All completed applications must be submitted on or before Friday, April 22, 2016.

    Signed:
    MANAGEMENT


    Apply now

    Category: articles

    Thursday, February 4, 2016

    The oil price rose on Wednesday and is now back above $35 a barrel, even despite another huge build in US crude stockpiles last week that suggests the global supply glut is only getting worse.

    Latest data from the US Energy Information Administration revealed another 7.8 million barrels had been added to domestic reserves last week, said the Wall Street Journal. This was a far bigger gain than had been expected by analysts and boosted US stockpiles to 503 million barrels.

    This is the biggest total recorded in the weekly data since records began in 1982, while in monthly data, which "don't line up exactly" with the weekly numbers, the 500 million barrel barrier has not been breached since 1930. The US – and the world – is still swimming in oil and production remains at least one million barrels a day above demand.

    So why did the price of international benchmark Brent crude jump more than seven per cent and end two days of decline?

    In relation to the data, it is refinery maintenance season in the US and so growth in reserves was expected, even if the actual number was on the high side. "Even though [the crude inventory build] was a shocking number, I think a lot of people… knew a big build was coming," said Phil Flynn, an analyst at Price Futures Group.
    Category: articles

    Wednesday, December 30, 2015

    The telecommunications company claimed that NCC violated its (MTN) fundamental right to fair hearing, adding that by imposing the fine, NCC was already usurping “the exclusive legislative powers of the National Assembly, as well as the judicial powers of the courts established under the constitution.”
    The Nigerian Communications Commission has urged the Federal High Court in Lagos to dismiss or decline hearing the suit filed by MTN Nigeria Communications Limited to challenge the N1.04tn fine imposed on it by the commission.

    But not pleased with the sanction, the telecommunications company had approached a Federal High Court in Lagos seeking an order quashing the fine.
                 
    Adebayo-Shittu
    Category: articles

    Monday, December 21, 2015

    146. International Oilfield Servs Nig Limited (IOSL)
    Address: Plot 20 East/West Road Rumuodara Port Harcourt.
    Phone: +234 84 610456-7, 334969,090-5015543

    147. Interoil Service Limited
    Address: Amadi Creek Off Eastern Bye Pass, Port Harcourt
    Phone: +234 84 236310-19,230921, 233922, 234214, 232888

    148. Intertec Engineering Nig Limited
    Address: 314 Aba Road Rumukurushi Port Harcourt.
    Phone: +234 84 611922-3

    149. Japaul Oil and Maritime Services Plc
    Address: Plot 39 Eastern-By-Pass, Marine Base, Port Harcourt
    Phone: +234 84 231622 Fax: 234 84 238030
    Website: http://www.japaulplc.com

    150. Jahcon Intl Limited
    Address: 36 Nsukka Street Mile 1 Diobu Port Harcourt.
    Phone: +234 84 335299,334094

    151. Jawachi Oil Field & Allied Services
    Address: 138 Aba Road Port Harcourt.
    Phone: +234 84 239992, 090-502460

    152. Jay Iyke Services
    Address: Primes Plaza, East/West Road Eliozu, Port Harcourt.
    Mobile: +234 (0) 8038738103


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    Category: articles
    135. Hycmo Limited
    Address: 274 Aba Road Port Harcourt..
    Phone: +234 84 239528

    136. Hydro Petrol Limited
    Address: 19 Old Aba Road Port Harcourt..
    Phone: +234 84 331685
    I.O.C.O. Nig. Limited
    Address: 181 Trans Amadi Industrial Layout Port Harcourt.
    Phone: +234 84 335089, 335523

    137.Igpes Limited
    Address: 33 Tombia Street GRA Phase 2 Port Harcourt.
    Phone: +234 84 239311

    138.Ikart International Services
    Address: 4 Timothy Lane Off Rumuola Junction Port Harcourt.
    Phone: +234 84 333667

    139. Index Brooks Limited
    Address: Plot 175 Rumuogba Estate Port Harcourt.
    Phone: +234 84 572474, 231794

    140. Industrial Catering Services Limited
    Address: 2 Nzimiro Street Port Harcourt.
    Phone: +234 84 335715 2621146, 2610406

    141. Iner Fluid Nig Limited
    Address: Plot 282 Trans Amadi Ind Layout Port Harcourt.
    Phone: +234 84 334214

    142. Inland Containers (Nig) Limited
    Address: 46 Burma Road Apapa Lagos
    Phone: +234 84 615249

    143. Integrated Logistics Services Ltd (INTEIS)
    Address: 474 Trans Amadi Ind Layout Port Harcourt.
    Phone: +234 84 230921, 233922, 234214, 238373, 232888

    144. International Corrosion Control Limited
    Address: 204 Aba Rd Rumuolumeni Port Harcourt.
    Phone: +234 84 330930

    145. International Monitors Co Limited
    Address: Plot C Rumuogba-Obio Port Harcourt.
    Phone: +234 84 332483



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    Category: articles
    124. Geco Prakla Nig Limited
    Address: Plot 161 Trans Amadi Ind Layout Port Harcourt.
    Phone: +234 84 237951, 237879

    125. Geodetic Surveys Limited
    Address: 1 Rumuobiakani Road, Obio Layout Port Harcourt.
    Phone: +234 84 333991, 3335095

    126. Genpaco Limited
    Address: Plot 6 Ohia Street, Off-eastern Bypass, Port Harcourt.
    Phone: +234 84 486779; Fax: +234 84 233911

    127. Geodetic Surveys Limited
    Address: 165 Woji Road, GRA Phase II, Port Harcourt.
    Phone: +234 84 333991, 3 Geomarine Systems Limited
    Address: 1 Rumuobiakani Road, Obio Layout Port Harcourt.
    Phone: +234 84 238702, 236587; Fax: +234 84 238702

    128. Global Offshore Drilling Limited
    Address: Km 14 Port Harcourt/ Aba Expressway Port Harcourt.
    Phone: +234 84 231356, 231354, 239220

    129. Globe Inspection Nig Limited
    Address: 144 Trans Amadi Ind Layout Port Harcourt.
    Phone: +234 84 331284, 331288, 331258

    130. Guildpine Limited
    Address: 27 Aba Road Port Harcourt.
    Phone: +234 84 231122, 231302
    Halliburton Energy Services Nig Limited
    Address: Plot 158 Trans Amadi Industrial Layout, Port Harcourt
    Phone: +234 84 335619, 332591

    131. Harmonix Engineering
    Address: 1 Opobo One Port Harcourt..
    Phone: +234 84 230875

    132. Homan Engineering Co Limited
    Address: 273 Trans Amadi Ind Layout Port Harcourt..
    Phone: +234 84 233424, 3331402

    133. Honsyl Merchant Plc
    Address: Plot 10 Pipeline Street Port Harcourt..
    Phone: +234 84 334173

    134. HS Petroleum Limited
    Address: Km 17 Port Harcourt/ Aba Express Way Port Harcourt..
    Phone: +234 84 238442, 239042


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    Category: articles
    102. Ciscon Nigeria Limited
    Address: Plot 182, Trans Amadi Layout, Port Harcourt.
    Phone: +234 84 230931

    103. Coricks Nigeria Limited
    Address: Plot 130 Rumuogba Housing Estate, Rumubiakani, (Old Aba Road), Port Harcourt
    Phone: +234 84 612379 Fax: 084-612386

    104. Cotec Oilfield &Marine Support Services Limited
    Address: 6 Trans Amadi Ind. Layout, Port Harcourt
    Phone: +234 84 335957, 334833


    105. Daemeeli International Ltd
    Address: 5 Hospital Road Port Harcourt.
    Phone: +234 84 238244, 330161

    106. Dambusey Nig Ltd
    Address: 1 Stadium Road Port Harcourt.
    Phone: +234 (0)90 504746, 237447

    107.Danick Supply & Transport Co
    Address: Plot 280 Trans Amadi Industrial Layout, Port Harcourt
    Phone: +234 84 334123

    108. Denver Petroleum Services
    Address: 144 Trans Amadi Ind Layout Port Harcourt.
    Phone: +234 84 237528

    108. Deutag Nig Ltd
    Drilling services
    Address: Km 16 Port Harcourt Express Way Port Harcourt.
    Phone: +234 84 333989, 334230

    109. Directional Wireline Engineering Services Nig Ltd
    Address: Plot 113 Trans Amadi Industrial Layout Port Harcourt.
    Phone: +234 84 237084

    110. Domio Engineering Services Ltd
    Address: 460 Ikwerre Road Mile 2 Diobu Port Harcourt.
    Phone: +234 84 230238

    111. Domville Investments Limited
    Address: 46, Chief Wopara Street, Rumuobiakani, Port Harcourt.
    Phone: +234 84 239189; Fax: +234 84 239189

    112. Dorman Long & Amalgamated Engineering Ltd
    Fabrication, vessels, steelwork etc
    Address: UTC Nigeria Plc Compound 16 Nnamdi Azikiwe Road Port Harcourt.
    Phone: +234 84 233704, 233707




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    Category: articles
    91. Benchard Nigeria Ltd
    Address: 9 Olu Obasanjo Road, Port Harcourt.
    Phone: +234 84 524040, 330106

    92. Benek Engineering Co Limited

    Address: 235 Aba Road 1st Artillery Junction, Port Harcourt.
    Phone: +234 84 612226, 612179

    93. Benmed Services Limited
    Address: 14 Choba Road,Rumuokwuta, Port Harcourt.
    Mobile: +234 (0) 8027672277, 8056105066, 8033126251

    94. Bilfinger, Berger Gas & Oil Services Nig. Ltd
    Address: 125 Aba Road, Rumuogba, Port Harcourt.
    Phone: +234 84 2384349

    95. Bilview Energy Ltd
    Address: Plot 3 Worlu Close off Rumuola Port Harcourt.
    Phone: +234 84 239226, 239225

    96. BJ Services
    Pumping Services, Process & Pipeline, Chemical Services, Tubular Services, Completion Services
    Address: Plot 470 Trans Amadi Road, Port Harcourt.
    Phone: +234 84 237934-5, 235428, 231537
    Website: http://www.bjservices.com

    97. Blue Ocean Resources
    Address: Wasco Yard, Plot 57 Trans Amadi Industrial Layout, Port Harcourt.
    Phone: +234 84 461340, 480540; Fax: 084-461340
    OIL AND GAS
    SERVICES

    98. Calin Sweden Nigeria International
    Address: 6 Emeyal Street GRA 1, Port Harcourt
    Phone: +234 84 238278, 238279

    Casmag Network Nigeria Limited
    Engineering , Procurement, Construction and Automation Applications
    Address: 8 Arochukwu Street Rumuomasi, Port Harcourt
    Phone: +234 84 8703423

    99. Catermar Offshore Service Limited
    Address: Plot 282 Trans Amadi Ind Layout, Port Harcourt
    Phone: +234 84 239357, 237872

    100. Central Oil Engineering Co Limited
    Address: Elimgbu Plot 10 Oroigwe, Port Harcourt
    Phone: +234 84 332032, 335966, 333493

    101. Cooper Cameron Corporation Nigeria Limited
    Address: Plot 45 Trans Amadi Ind Layout, Port Harcourt
    Phone: +234 84 231605, 231264, 232187



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    Category: articles

    Friday, December 11, 2015

    78. Alpha Monix Limited
    Address: 169, Aba Road, Port Harcourt.
    Phone: +234 84 36664; Fax: +234 84 236664

    79. Altrans Nig Ltd
    Address: Plot 474 Trans Amadi Ind Layout Port Harcourt.
    Phone: +234 1 333267, 332447, 331073, 331367

    80. Alyson Technical Company Nig Ltd
    Address: 152/ 184 Aba Road Port Harcourt.
    Phone: +234 84 331546

    81. Amber Resources Nigeria Ltd
    Address: 144 Trans Amadi Ind Layout Port Harcourt.

    Phone: +234 84 237528,237529, 237530

    82. American Oilfield Divers Nig Ltd
    Address: 19b Festival Road Victoria Island Lagos
    Phone: +234 1 2620972, 2612764, 2616539

    83. Anadrill Schlumberger Nigeria Limited
    Address: Plot 161 Trans Amadi Industrial Layout Port Harcourt.
    Phone: +234 84 239551, 230362, 232649

    84. Arco Marine & Oilfield Services
    Address: 69, King Perekule Street, G.R.A. Phase ll, Port Harcourt
    Phone: +234 84 239608

    85. Ascot Oil & Gas Nigeria Limited
    Address: Plot 88 Rivoc Road Trans Amadi Industrial Layout, Port Harcourt
    Phone: +234 84 237987

    86. Atlantic Mediterranean Oil Services Company Limited
    Address: 18, Chief Nwuke Street, Trans-Amadi Industrial Layout, Port Harcourt
    Phone: +234 84 233004, 233647, 236889

    87. Baker Hughes
    Drilling & Formation Evaluation, Completion Services, Production Management, Enterprise Solutions, Seismic Acquisition & Processing
    Address: 175 Trans Amadi Industrial Layout, PO Box 225, Port Harcourt.
    Phone: +234 84 238884; Fax: +234 84-236086
    Website: http://www.bakerhughes.com

    88. Barswill Ltd
    Address: 123 Aba Road, Port Harcourt.
    Phone: +234 84 333809

    89. Baroid of Nigeria Limited
    Address: Plot 158 Trans Amadi Industrial Layout, Port Harcourt.
    Phone: +234 84 233390, 571975-9; Fax: +234 84-239223, 232838

    90. Bee Drilling Services Limited
    Address: Plot 6 East-West Road, Rumukwurushi, Port Harcourt Phone: +234 84 235597, 090-502409


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    Category: articles