By Moses Ebosele – Shareholders of Nigerian Aviation Handling Company (NAHCO) Plc on Tuesday, in Abuja, approved quest by the board of the company to pay dividend of 20 kobo per share, amounting to N324.8million for the year ended Decenber…
UBA denies funding coup in Turkey
By Moses Ebosele – Foremost financial institution, United Bank for Africa (UBA) Plc has described as spurious reported attempt to link it with the failed coup attempt in Turkey. In a statement issued by its Head of Communications, Mr. Charles…
NLNG partners Warsash on maritime training, safety
By Moses Ebosele – As part of measures to support training and development of mariners globally, Nigeria Liquefied Natural Gas Limited (NLNG) has commissioned a manned model of its new Dual Fuel Diesel Electric (DFDE) vessels at Southampton Solent University,…
CBN raises interest rate to 14 per cent
The Central Bank of Nigeria (CBN) has raised monetary policy rate (MPR) from 12 per cent to 14 per cent as part of measures to curtail inflation. CBN Governor, Godwin Emefiele explained at the end of the Monetary Policy Committee…
Nigeria to host Maritime Ports and Terminals Expo
By Moses Ebosele – Facilitators of the 9th Nigeria International Maritime Port and Terminal Conference and Exhibition (NIMPORT 2016) have concluded plans to host the event between 23-25 August 2016 at Shehu Musa Yar’Adua Centre, Abuja. According to…
FBN declares 10.5 % drop in profit
By Moses Ebosele – For the six months ended June 30, 2016, FBN Holdings Plc attained Profit After Tax of N35.9 Billion, down by 10.5 per cent when compared with N40.1 Billion recorded within same period in 2015. According to…
Stakeholders seek support for NIMASA DG
By Moses Ebosele – Experts and stakeholders in the maritime sector have commended the leadership initiatives of Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside. Speaking at a ceremony hosted by NIMASA to mark the…
INEC okays Makarfi as PDP’s Acting National Chairman
(NAN) The Independent National Electoral Commission (INEC), has recognised former Governor of Kaduna State Ahmed Makarfi as the Acting National Chairman of the Peoples Democratic Party (PDP). In a statement issued by INEC’s Deputy Director, Voter Education and Publicity, Nick Dazang…
Global market capitalisation drops to $67.2 trillion in six months
By Moses Ebosele – A report put together by the World Federation of Exchanges (WFE) has revealed that between January and June this year, global market capitalisation declined by 9.4 per cent to reach $67.2 trillion, compared with $74.2…
NNPC intensifies oil search in North-East
By Moses Ebosele – The Nigerian National Petroleum Corporation (NNPC) has intensified search for oil in the Chad Basin and other parts of the North-East. Receiving the Governor of Bauchi State, Mohammed Abubakar, who paid him a courtesy…
UBA GMD canvasses closer collaboration among African Central Banks
By Moses Ebosele – To successfully drive intra-Africa trade, the outgoing Group Managing Director of United Bank for Africa (UBA) Plc, Mr Philips Oduoza has called for increased collaboration among African Central Banks. Oduoza who delivered the fourth…
FG explains $42.5 per barrel benchmark for 2017
The Federal Government has proposed $42.5 per barrel benchmark for the year 2017. Presenting the 2017-2019 Meduim Term Expenditure Framework (MTEF) to civil society group in Abuja on Monday, Minister of Budget and National Planning, Udoma Udoma, explained that next…
Drama as Edo Speaker steps down for deputy
Speaker of Edo State House of Assembly, Mrs. Elizabeth Ativie, yesterday stepped down from her position to allow her Deputy, Dr. Justin Okonoboh assume house leadership. 18 out of the 24 members of the House supported the removal of Ativie…
Flour Mills posts N4.3b loss
For its fourth quarter (Q4), Flour Mills Nigeria Plc has posted profit before tax of N4.3billion. In a report to the Nigeria Stock Exchange (NSE), the company said: “the pre-tax loss was mainly driven by a combination of factors including a…