The FBN Money Market Fund managed by FBN Capital Asset Management has retained its Agusto & Co fund risk rating of ‘Aa(f)’. A statement issued by FBN Capital Limited explained that the rating are considered to have minimal low risk…
AMCON threatens to publish list of loan defaulters
The Asset Management Corporation of Nigeria (AMCON) has advised loan defaulters to immediately pay up their debts or it would publish their names in line with a directive by the Central Bank of Nigeria (CBN). In a statement, AMCON warned…
PENGASSAN seeks payment of cash call areas on JV funding
THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on the Federal Government to put machinery in place for the payment of cash call in the Nigerian National Petroleum Corporation (NNPC) Joint Venture (JV) operations with…
Jauro resumes as NIMASA acting DG
Mr. Haruna Baba Jauro has formally taken over from Barrister Calistus Nwabueze Obi as the Acting Director General/Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA). The handover ceremony took place in the Agency on Monday 27th…
NLNG train 7 targets 2018
BARRING any last minutes change of plans, the Nigerian Liquefied Natural Gas (NLNG) train 7 may come on stream in 2018. The NLNG is jointly owned by the Nigeria National Petroleum Corporation (NNPC), 49 per cent, Shell (25.6 per cent),…
Shareholders fault LCCI on Bank debtors, tackles GTBank board
AS controversy continues to trail the Central Bank of Nigeria (CBN) directives to banks to publish names of all debtors on or before August 1, 3015, members of Proactive Shareholders Association of Nigeria (PROSAN) have thrown their weight behind the…
Ports must operate daily including weekends and public holidays, says STOAN
Ports are essential services obligated to remain open at all times including weekends and public holidays, says the Seaport Terminal Operators Association of Nigeria STOAN. In a statement issued at the weekend by its spokesperson, Bolaji Akinola, STOAN said the…
Diamond Bank revenue hits N103b in six months
The revenue of Diamond Bank Plc for the first six months of this year increased by six per cent to N103billion from N96.8billion recorded during the corresponding period in 2014. The bank’s unaudited half-year result released to the Nigerian Stock…
NRC flags off Kano – Port Hacourt trains services
The Nigerian Railway Corporation (NRC) has flagged- off Kano- Port- Harcourt Inter City Train Service to facilitate transportation of goods from the Northern part of the country to the South South. Speaking at the flag- off ceremony in Kano, the…
Obi takes over as acting NIMASA DG
Barrister Calistus Nwabueze Obi has taken over as the Acting Director General/Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA) following the handing over by Dr. Ziakede Patrick Akpobolokemi as directed by the Federal Government. Barrister Obi…
Why Innoson sued GTBank for N30 billion
What would make a company sue another for N30 billion? That was the question on the lips of many when the news recently broke that four companies under the Innoson Group, including Nigeria’s first indigenous automobile manufacturing company (Innoson Vehicle…
FirstBank partners Digital Africa Global on exhibition
FIRST Bank of Nigeria Limited partnered Digital Africa Global Consult Limited to host the 3rd Digital Africa Conference & Exhibition. The event, which commenced yesterday and scheduled to end tomorrow, is titled: “Expanding Africa’s Capacity for Digital Technology.” According to…
PENGASSAN disagrees with El-Rufai’s clamour for disbanding of NNPC
THE Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has faulted call by the Kaduna State Governor, Mallam Nasir El-Rufai, for the scrapping of the Nigerian National Petroleum Corporation (NNPC). Reacting to the Governor’s comment in a paper…
NLNG train 7 targets 2018
BARRING any last minutes change of plans, the Nigerian Liquefied Natural Gas (NLNG) train 7 may come on stream in 2018. The NLNG is jointly owned by the Nigeria National Petroleum Corporation (NNPC), 49 per cent, Shell (25.6 per cent),…