By Moses Ebosele – For the first six months of 2016, Diamond Bank Plc recorded Profit After Tax (PAT) of N9.05 Billion, a decline of 25.5 per cent when compared to N12.3 Billion attained within same period in 2015….
How to boost tourism development in Nigeria, by UN
By Moses Ebosele – To successfully enhance tourism development, the United Nation World Tourism Organization (UNWTO) has advised Nigeria to put into consideration the critical role of technical assistance, capacity building, Tourism Master Plan and international conferences. The UN Agency…
Dangote Cement records 15 per cent drop in profit
By Moses Ebosele – Come August 3, 2016, the management of Dangote Cement Plc will brief the Nigeria Stock Exchange (NSE) and other stakeholders on the financial state of the company especially the 15 per cent drop in its profit…
FBN Holdings announces new board appointments
By Moses Ebosele – FBN Holdings Plc has announced new Board appointments in the FBN Holdings Group, effective July 19 2016. According to the financial institution, the appointments have been approved by the Board of Directors, “but remain…
NSE launches recruitment portal
By Moses Ebosele – The Nigerian Stock Exchange (NSE) has launched an online portal to attract top talent and optimize its recruitment process. NSE explained that the recruitment portal which is expected to enhance the Exchange’s recruitment capability, “increase turnaround…
Turkey wants 17 “Turkish” schools closed in Nigeria
(NAN)-The Turkish Ambassador to Nigeria, Hakan Cakil, has called on the Nigerian Government to close 17 Turkish schools in Nigeria for their alleged links with a movement his government says was involved in the July 15 failed coup attempt in…
Court stops PDP convention
The crisis rocking the Peoples Democratic Party (PDP) has assumed another dimension as a Federal high court sitting in Abuja on Thursday granted the application filed by the Ali Modu Sheriff faction of the party to stop the convention scheduled…
Workers task FG on N5.3 trillion pension funds
By Moses Ebosele – Rising from its National Delegate Conference (NDC) in Abeokuta, Ogun State, Association of Senior Civil Servants of Nigeria (ASCSN) has appealed to the Federal Government to offer ‘adequate protection’ to the N5.3 Trillion workers contributory pension…
UK Envoy canvasses support for Nigerian capital market
By Moses Ebosele Despite various economic challenges in Africa, the Nigerian capital market has great opportunities, United Kingdom Trade & Investment (UKTI) Envoy, John Howell has said. According to Howell, Nigeria’s capital market is viabrant, noting that the United…
Diana containerships cuts quarterly dividend
Based on the current container vessel charter market, Athens-based shipping company Diana Containerships Incoparated has made a decision to suspend the quarterly cash dividend on its common shares effective with the quarter ended June 30, 2016. Diana Containerships said:“The decision to…
NAHCO shareholders get N324.8m dividend
By Moses Ebosele – Shareholders of Nigerian Aviation Handling Company (NAHCO) Plc on Tuesday, in Abuja, approved quest by the board of the company to pay dividend of 20 kobo per share, amounting to N324.8million for the year ended Decenber…
UBA denies funding coup in Turkey
By Moses Ebosele – Foremost financial institution, United Bank for Africa (UBA) Plc has described as spurious reported attempt to link it with the failed coup attempt in Turkey. In a statement issued by its Head of Communications, Mr. Charles…
NLNG partners Warsash on maritime training, safety
By Moses Ebosele – As part of measures to support training and development of mariners globally, Nigeria Liquefied Natural Gas Limited (NLNG) has commissioned a manned model of its new Dual Fuel Diesel Electric (DFDE) vessels at Southampton Solent University,…
CBN raises interest rate to 14 per cent
The Central Bank of Nigeria (CBN) has raised monetary policy rate (MPR) from 12 per cent to 14 per cent as part of measures to curtail inflation. CBN Governor, Godwin Emefiele explained at the end of the Monetary Policy Committee…