FOR the third quarter ended September 30, 2015, FBN Holdings Plc has declared N390.0 billion Gross Earnings, up by 16.9 per cent when compared to N333.6 billion recorded within same period in 2014. According to the unaudicted results, net interest…
Maritime workers shelve strike
MEMBERS of the Maritime Workers’ Union of Nigeria (MWUN) have suspended its strike declared last Thursday over alleged unpaid wages to Tally Clerks and Onboard security men. The suspension of the strike is contained in a communique issued in Lagos…
Oando explains N183.9b loss in 2014
THE controversy surrounding Onado’s N183.9billion loss for the year 2014 continued at the weekend unabated. In its full-year ending 2014, the company last Friday declared loss after tax of N183.9billion compared to a profit after tax of N1.396billion in 2013….
No extension for BVN registration, says CBN
THE Central Bank of Nigeria (CBN) has vowed not to extend the October 31 deadline set for all bank customers in the country to be registered under the Bank Verification Number (BVN). The CBN Deputy Director, Consumer Protection Department, Hajia…
91 firms bid for NNPC coastal vessels contract
NOT less than 91 firms have indicated interest in the provision of coastal and bunkering vessel services for the operations of the Pipelines and Products Marketing Company (PPMC), a subsidiary of the Nigeria National Petroleum Corporation (NNPC). In a statement…
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…
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 recorded a…
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…
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…
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 the…
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 explained that…
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 President….
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 established in…
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 of…