Five Deputy Comptroller-Generals of Nigeria Customs Service (NCS), yesterday offered to voluntarily resign from service. In a letter dated October 29, 2015 and titled “Voluntary Retirement”, the senior Customs officers reportedly said: “We, the under-listed officers currently on the rank…
Senate rejects N64b budges for second Abuja Airport runway
The Senate has described the proposed N64b budget for the second runway for Nnamdi Azikiwe International Airport as “bogus and too high’. In a motion sponsored by Senator Dino Melaye APC, Kogi West, Senate acknowledged the fact that a second…
NLC faults Sanusi over calls for naira’s devaluation
The National Headquarters of Nigeria Labour Congress (NLC) has criticized Emir of Kano, Mallam Sanusi Lamido Sanusi for his calls for naira devaluation and fuel subsidy.In a statement yesterday, the central labour body described the calls as “anti-people”, adding that…
FBN Holdings unveils FBNQUEST
INLINE with to improve service delivery to clients and position the group at the forefront of the emerging merchant banking and asset management sector in Nigeria, the Investment Banking and Asset Management business of FBN Holdings Plc has announced the…
Dangote Cement declares N365.5b turnover in Q3
FOR the nine month ended September 30, 2015, Dangote Cement Plc has declared 17.81 per cent growth in turnover to 365.54 billion. Also, sales from Nigeria contributed 39 per cent in the third quarter turnover, which, according to Chief Executive…
NNPC opens bid for crude oil grade
NIGERIAN National Petroleum Corporation (NNPC) has conducted the public opening of bids tendered by Nigerian and international companies for the purchase of Nigeria’s crude oil grade. According to the News Agency of Nigeria (NAN) 278 local and international companies submitted…
FRC suspends Peterside, three IBTC directors
THE Financial Reporting Council, FRC has suspended Chairman of Stanbic IBTC Holdings, Mr. Atedo Peterside, and three directors of the company from signing any financial statement, over allegations of improper disclosures in the financial statements of the bank for 2013 and…
FBN Holdings declares N390.0b gross earnings in Q3
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…