AS part of its financial inclusion initiative, First Bank of Nigeria Limited has unveiled plan to grow its customer base by over 10 million new customers in the next three years. Managing Director and Chief Executive Officer of First…
Labour petitions Minister over activities of shipping companies
MEMBERS of the Maritme Workers Union of Nigeria (MWUN) have forwarded a petition to the Minister of Transport over what they described as the “activities of some shipping companies, consignees/agents.” Urging the Minister to intervene as part of measure…
Nigeria seeks support for regional framework against Piracy
The Federal Government has expressed its support for any regional initiative geared towards eliminating the scourge of piracy and maritime crimes especially in the Gulf of Guinea. Speaking at the ongoing International Maritime Organisation (IMO)/Maritime Organisation for West and Central…
FBN Capital partners Oxford Business Group on research
By Moses Ebosele – FBN Capital has signed a research Memoradum of Understanding (MoU) with Oxford Business Group (OBG). Under the aggrement, a report by OBG will examine the Central Bank of Nigeria’s monetary policy, review the country’s recently-revised foreign…
Diamond Bank unveils Mobile POS
By Moshood Aliyu – To increase safety and reliability in payment, Diamond Bank Plc in collaboration with Microsoft has introduced Diamond Mobile POS (MPOS). Speaking on the partnership between Diamond and Microsoft on Tuesday in Lagos, Diamond Bank head of…
ASEA partners AfDB on capital market development
By Moses Ebosele – The African Securities Exchanges Association (ASEA) and African Development Bank (AfDB) have signed a Memoradum of Understanding (MoU) aimed at developing capital markets within the continent. Prominent among those who attended the ceremony held recently at…
Nigeria canvasses technical cooperation with IMSO
By Moses Ebosele – The Federal Government has sought greater technical cooperation with the International Mobile Satellite Organisation (IMSO) as part of measures to enhance the performance of the country’s Long Range Identification and Tracking of Ships (LRIT) system….
Controversy trails appointment of new NPA MD
By Moses Ebosele – The appointment of Hadiza Bala-Usman as Managing Director of the Nigerian Ports Authority (NPA) has continued to generate controversy within and outside the maritime sector. While some Nigerians commend President Muhammadu Buhari for approving the…
Govt, oil workers may conclude negotiation today
REPRESENTATIVES of the Federal Government and Oil Workers may conclude negotiation today. Meanwhile, the ongoing strike embarked upon by members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is yet to be called off. Briefing Journalists…
Nigeria’s economy may shrink this year, says IMF
The International Monetary Fund (IMF) has predicted that Nigeria’s economy will most likely contract this year as energy shortages and the delayed budget weigh on output. The IMF Country Representative in Nigeria, Gene Leon, said:“I think there is a…
NSE unveils sustainability report, adopts GRI reporting guidelines
By Moses Ebosele The Nigerian Stock Exchange (NSE) has released its 2015 Sustainability Report titled “Ushering in a new era of sustainability in the Nigerian market place”. The report, which is in its second edition, according to NSE demonstrates…
FIFA President, Secretary-General To Visit Nigeria
President of world football governing body, FIFA, Mr Gianni Infantino and the Secretary-General, Ms Fatma Samoura, will arrive in Nigeria on July 24 on a two-day working visit. This is contained in a statement on the website of the Nigeria…
Shipowners reject EU Ship Recycling Licences
The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS), which represent over 80% of world merchant tonnage, have rejected the concept of the ship recycling license, developed by consultants for the European Commission. According to ECSA, if…
Shell, Keppel Offshore form LNG Bunkering JV
KS Investments Pte Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd, has entered into a shareholders agreement with Shell Eastern Petroleum, a part of Royal Dutch Shell, to form a joint venture company which will establish an LNG…