City BusinessNews, Author at City Business News

October 23, 2015 No Responses

MWUN may shut down ports today

BARRING any last minute adjustment, Maritime Workers Union of Nigeria (MWUN) will shut down the nation’s ports today over alleged unpaid wages to Tally Clerks and Onboard security men. The workers are also challenging alleged midstream discharge of vessels in...

October 22, 2015 No Responses

Access Bank declares N258b Gross Earnings in Q3

THE Board and management of Access Bank Plc declared improved unaudited result for the third quarter ended September 30, 2015. The unaudited third quarter 2015 financial results released to the Nigerian Stock Exchange (NSE) indicated that Access Bank recorde...

October 21, 2015 No Responses

FBN Capital to holds forum next week

PLANS has been concluded by FBN Capital Limited, the Investment Banking and AssetManagement subsidiary of FBN Holdings Plc, to host key stakeholders at the 5th edition of its annual investor conference. Scheduled to take place on 27th of October 2015...

October 21, 2015 No Responses

Fortis Microfinance Bank 123 % increase in profit

Fortis Microfinance Bank (FMB) Plc has announced a growth of 123 per cent in profit after tax for the nine months ended September 30, 2015. According to the results made available by the Nigerian Stock Exchange (NSE), FMB posted net...

October 21, 2015 No Responses

Cargo Tracking Note Gets FG Support

THE Federal Government has pledged to support the full implementation of International Cargo Tracking Note (ICTN) at Nigerian Ports. The ICTN is a web-based technological tool that monitors cargo from port of loading to destination. Receiving a delegation of t...

October 20, 2015 No Responses

Fidelity Bank targets new opportunities

THE Group Managing Director of Fidelity Bank Plc, Nnadi Okonkwo has assured its customers and other stakeholders that the bank was well repositioned to leverage opportunities that would emerge from the new administration. Addressing Stockbrokers in Lagos, he e...

October 20, 2015 No Responses

Buhari visit Cross Rivers today

PRESIDENT Muhammed Buhari is to visit Cross Rivers State today to kick off the construction of 260 kilometre six-lane super highway in Calabar, the state capital. Already, the State governor, Ben Ayade, has restated government’s readiness to host the Preside...

October 19, 2015 No Responses

New Ship Owners body debuts, names Kalu, others interim management

The maritime industry globally is set to meet its full potential following the unveiling of an umbrella body for all national, regional and international associations of ship owners called World Ship Owners Association (WSOA). The association which was establi...

October 19, 2015 No Responses

NPA pledges to partner Customs on revenue generation

The Nigerian Ports Authority (NPA) and the Nigerian Customs Services (NCS) have reiterated their resolve to work, collaborate and partner with a view to enhancing the revenue generation strategies of the Federal Government from the nation’s seaports. One way...

October 19, 2015 No Responses

Fidelity to list N30b on FMDQ platform

AS part of measures to boost Small and Meduim Enterprises (SMEs) financing and enhance domestic debt market, Fidelity Bank Plc has listed N30bn bond on FMDQ OTC. This follows the listing the Nigeria Mortgage Refinance Company Plc (NMRC) ₦8b series 1, 15-Ye...

October 19, 2015 No Responses

Shareholders laud UBA’s Q3 results

CITING what they described as ‘favourable indices’, shareholders at the weekend commended the board, management and staff of UBA for the results attained in Q3. Speaking with CityBusiness News in Lagos, the shareholders emphasized the need for the bank to...

September 15, 2015 No Responses

Ministry reviews employment at NIMASA

The Federal Ministry of Transport has commenced a review of employments, placements and promotions embarked upon by the Nigerian Maritime Administration and Safety Agency (NIMASA) since 2010. The committee, which is headed by the Ministry’s Director of Human...

September 14, 2015 No Responses

BVN hits 20 million

LESS than 47 days to the second deadline of October 31, 2015, the Biometric Verification Number (BVN) project has recorded 20-million mark. Meanwhile, three of the four major telecommunications giant- Etisalat, Airtel and MTN Nigeria have indicated interes...

September 14, 2015 No Responses

First Bank unveils new products for schools

New products aimed at supporting school operators and entrepreneurs has been unveiled by the management of First Bank of Nigeria Limited. According to the bank, the product are: FirstEdu Loan, Operational Vehicle Loan, Commercial Mortgage and Personal Loan a...