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-Year…
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 sustain…
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 Resources, Mr….
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 interest to collaborate…
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 against Salary…
New customs CG pledges to enhance capacity, generate more revenue
THE new Comptroller-General of Nigeria Customs Service (NCS) Col. Hameed Ibrahim Ali (Rtd) has pledged to undertake reforms and re-structuring as part of measures to enhance capacity and generate more revenue. The Comptroller-General stated this in Abuja at his maiden…
NNPC lifts ban on 113 oil tankers
The Nigerian National Petroleum Corporation has lifted ban on 113 vessels from engaging in crude oil/gas loading activities. In a letter dated September 8, 2015 NNPC explained that President Muhammadu Buhari had approved the consideration of all incoming ships subject…
Agents to shut down Lagos ports over restriction of trucks
The Association of Nigerian Licensed Customs Agents (ANLCA) has threatened to shut down Lagos ports over restriction order on movement of trucks within the metroplolis In a statement issued by the National Publicity Secretary of the association, Mr Kayode Farinto,…
NNPC unveils agenda for new refineries
The Nigerian National Petroleum Corporation (NNPC) has unveiled agenda for new refineries as part of measures to enhance performance in the oil sector. Speaking with Journalists in Kaduna after inspecting Kaduna Refining and Petrochemical Company, the Group Managing Director of…
NIMASA Partners British Military On Capacity Building
The Nigerian Maritime Administration and Safety Agency (NIMASA) is to partner British Military in the area of capacity building. Receiving a delegation from the British Military Advisory and Training Team (BMATT) led by Commander Shaun Quinn of the Royal Navy…
FBN Holdings Gets New Group Managing Director
Executive Director, South, First Bank of Nigeria Limited, Mr UK Eke is to replace Mr Bello Maccido as Group Managing Director of FBN Holdings Plc with effect from January 1, 2016. Maccido, pioneer Group Chief Executive Officer, FBN Holdings, is…
NNPC to recover N1.5trillion over-deducted tax benefits from firms
THE Federal Government through the Nigerian National Petroleum Cooperation (NNPC) has announced plans to recover $7billion (N1.5trillion) in over-deducted tax benefits from joint venture partners on major capital projects. NNPC has also appointed an accounting firm to ascertain the exact…
Lagos restricts trailer movement
WORRIED by the chaotic state of transportation within the metropolis, the Lagos State government has directed law enforcement agencies to impound trailers and long vehicles plying the metropolis at day time. The state government explained that the directive was in…
Lawyer drags new Customs CG to court
A lawyer based in Enugu, Ifeanyichukwu Okonkwo has filed a suit at the Federal High Court Umuahia, Abia state challenging the constitutionality of the appointment of Col. Hameed Ibrahim Ali (rtd) as the Comptroller-General of the Nigeria Customs Service by…