First Bank of Nigeria limited, has extended its digital multi-channel customer support platform by launching a dedicated twitter account – @FBN_help to identify, respond to and resolve all customer enquiries, issues, questions and queries on social media. The launch…
Fitch affirms Wema Bank’s long-term national rating at BBB-
Fitch Ratings, a global leader in credit ratings and research has affirmed the Long-term National Rating of Wema Bank at BBB-. In a statement, the Bank said: “This is reflective of the Bank’s stable outlook and continued viability, in…
NNPC, Shell, Access Bank, First Bank, others sign $2.2b contract deal
As part of measures to facilitate access to finance for Nigerian suppliers in the oil and gas sector, Shell with the backing of the Nigerian National Petroleum Corporation (NNPC) has signed $2.2b Memoranda of Understanding with eight Nigerian banks under…
Ministry implore stakeholders on 2016/2017 dry season farming scheme
To enhance transparency and accountability in the implementation of the Growth Enhancement Scheme (GES), the Federal Government has concluded plans to implement the 2016/2017 dry season intervention scheme. Speaking at the opening ceremony of the GES Stakeholders Preparatory Meeting for…
SEC signs capital market studies MoU with NERDC
The Securities and Exchange Commission (SEC) is set to achieve another milestone by infusing Capital Market Studies (CMS) into schools curriculum with the signing of a Memorandum of Understanding (MoU) with the Nigerian Educational Research and Development Council (NERDC). This…
FG proposes N750B recapitalization agenda for agric bank
The Federal Government through the Central Bank of Nigeria (CBN) has concluded plans to make available N750 Billion for the recapitalisation of the Bank of Agriculture in 2017. Under the arrangement, the Bank is being repositioned to attract not…
CMA CGM records $202m net loss in third quarter
French shipping major, CMA CGM reported a net loss of USD 202 million in the third quarter of 2016, while its revenue for the quarter fell by 16.3 percent to USD 3.33 billion, excluding NOL contribution. The company explained that, including…
Pope names 17 new Cardinals
Pope Francis has named 17 new cardinals of the Roman Catholic Church from around the world, many of whom will help choose his successor. The new cardinals come from five continents, and include the Vatican’s envoy to Syria. The range…
Ibrahim Jibril elected CILT President
Mr. Ibrahim Jibril, Director of Administration and Human Resources department in the Nigerian Maritime Administration and Safety Agency (NIMASA) has been elected the President of the Chartered Institute of Logistics and Transport (CILT) Nigeria. At the election which held in…
Buhari in Ondo, seeks support for Akeredolu
President Muhammadu Buhari on Saturday canvassed support for Oluwarotimi Akeredolu (SAN) as the next Governor of Ondo State under the platform of All Progressive Congress (APC). He also used the opportunity to describe the process that brought Akeredolu as…
VW loses more European market share
Volkswagen Group lost market share in Europe for the 14th straight month, data from an industry association, ACEA has revealed. Much of the decline has coincided with the automaker’s emissions-cheating scandal that erupted in September 2015, giving competitors a chance…
Trial of Driverless bus begins in Japan
A Japanese company has brought us a step closer to autonomous public transport with its Robot Shuttle. Already, the electric Robot Shuttle has completed its first public trials, traversing a 400 meter section of public road along Lake Tazawa in…
Corruption: FG unveils panel on asset recovery
The Federal Government has set up an inter-agency Presidential Committee on Asset Recovery (PCAR) as part of its efforts tostrengthen the ongoing fight against corruption, the Minister of Information and Culture, Alhaji Lai Mohammed, has said. Speaking while receiving the Special Representative…
Dana Air partners Spectranet on free wifi, pledges on-time performance
Dana Air has assured passengers of the company’s commitment to on- time performance even as aviation fuel (JET A1) scarcity across the country worsens. Dana Air said in spite of the scarcity of aviation fuel, it’s on time performance is still…