For the nine months ended September 30, 2016, Fidelity Bank Plc attained N110.3 Billion gross earnings, indicating three per cent increase when compared to its previous N107 billion. Also within the period, deposit increased by 3.4 per cent to N795.6…
Arik Air lifts 19.5m passengers in 10 years
Despite various challenges, Arik Air has in the ten years of its operations flown over 19.5 million passengers. Managing Director, Chris Ndulue, explained on Monday that the Airline has grappled with a myriad of challenges in one decade of…
‘Onne Phase 4B Port facility begins operation soon’
Barring any unforeseen hitch, part of the new capacity being added at the Phase 4B area of the Onne Port Complex development Area in Rivers State will be put into commercial use soon, the Managing Director of Nigeria Ports Authority…
CSR-in-Action partner MMSD, NNPC, NEITI on cohesive mineral development
CSR-in-Action, in partnership with the Federal Ministry of Mines and Steel Development (MMSD), Nigerian Extractive Industries Transparency Initiative (NEITI), the Nigerian National Petroleum Corporation (NNPC) and other stakeholders, is to hold its 5th Sustainability in the Extractive Industries (SITEI) conference…
FG to adopt new ship finance model
Minister of Transport, Rotimi Amaechi has pledged the commitment of the Federal Government to adopt resolutions reached at the proposed Nigeria Ship Finance Conference. Speaking at a pre-event dinner in Lagos, Amaechi said: “I assure you that whatever decisions…
NIMASA inaugurates three per cent freight benchmark review committee
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has inaugurated a committee to review the parameters for charging the three percent freight benchmark currently collected by the Agency. He explained that the…
Ogun sacks labour leaders, 14 others
(NAN)Eleven days after Ogun workers embarked on an indefinite strike, government responded today with the dismissal of the state chairman of the Nigeria Labour Congress, NLC, Akeem Ambali, and the state chairman of Nigeria Union of Teachers, NUT, Dare Ilekoya….
NSE Photo News
L – R shows Oscar N. Onyema, OON, President African Securities Exchanges Association (ASEA) and Chief Executive Officer, The Nigerian Stock Exchange (NSE) with Kevin Moore, Director Global Business Development, Chartered Institute for Securities & Investment (CISI) at the signing of…
LCCI Photo News
From left – Inger Ultvedt, Ambassador of The Embassy of Sweden in Nigeria; Chief Dr. Mrs. Nike Akande, CON, President, Lagos Chamber of Commerce and Industry and Mrs Ann Linde, Minister for EU Affairs and Trade, Sweden, during the Networking…
TUC faults Senate on amendments to CCB/CCT Act
The Trade Union Congress (TUC) of Nigeria at the weekend condemned amendments to the Code of Conduct Bureau (CCB) and the Code of Conduct Tribunal (CCT) Act by the National Assembly. In a statement titled: “Lawmakers: Self-Serving laws cannot…
CBN to sanction fraudulent bank customers
Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director,…
NPA to fast-tracks rehabilitation of Lagos ports’ access roads
The Nigerian Ports Authority (NPA) is to fast-track the rehabilitation of ports’ access roads in Lagos as part of measures to ensure efficient service delivery. Speaking at an interactive session in Lagos, Managing Director of NPA, Hadiza Bala Usman explained…
FG reiterates commitment to improve business environment
The Federal Government has restated its commitment to removing the bureaucratic and other impediments to registering new businesses as part of efforts to encourage entrepreneurs and facilitate investments in the country. The Minister of Information and Culture, Alhaji Lai Mohammed,…
Oshonaike reclaims African title
Olufunke Oshonaike has reclaimed her long lost African title at the ITTF African Senior Championships after beating Egypt’s Dina Meshref 4-2 in the final of the women’s singles. The Egyptian has been unbeaten in the last two years, but Oshonaike…