Category: News

UK Firm Gets Court Order To Seize $9b Nigerian Assets
August 17, 2019 No Responses

UK Firm Gets Court Order To Seize $9b Nigerian Assets

A British judge has ordered the Nigerian government to pay $9bn in assets to a gas firm, P&ID. The firm, P&ID, had reached a deal with the Nigerian government in 2010 to build a natural gas plant – but the...
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NPA Boss Implore Stakeholders On Improved Synergy, Efficiency
August 17, 2019 No Responses

NPA Boss Implore Stakeholders On Improved Synergy, Efficiency

By citybusinessnews@yahoo.com — The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has implored stakeholders in the Port Industry to improve synergy as part of measures to boost efficiency.  Speaking at the quarterly meeting ...
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Fajemirokun Resumes As AIICO Insurance New Managing Director
August 16, 2019 No Responses

Fajemirokun Resumes As AIICO Insurance New Managing Director

AIICO Insurance Plc appointed Babatunde Fajemirokun as its new Managing Director. In a notice to the Nigeria Stock Exchange (NSE), the company explained that the appointment takes immediate effect.  In the notice signed by the company secretary, Donald Ka...
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NYSC Registers 4,664,804 Participants In 46 Years
August 16, 2019 No Responses

NYSC Registers 4,664,804 Participants In 46 Years

More than 4.6 million graduates have participated in the National Youth Service Corps (NYSC) scheme since inception in 1973.  Speaking in Abuja on Thursday, the Director-General of the scheme, Shuaibu Ibrahim, explained that  the scheme has achieved ...
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Kenya First Green Bond To Raise $48.45 For Student’s Accommodation
August 16, 2019 No Responses

Kenya First Green Bond To Raise $48.45 For Student’s Accommodation

Kenya has approved its first ever issuance of green bond, which will raise five billion shillings ($48.45 million) for students’ accommodation, the capital markets regulator, CMA, said on Thursday. The CMA said in Nairobi that the bond, to be issued...
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Customs, NNPC, CBN Shun Public Hearing
August 16, 2019 No Responses

Customs, NNPC, CBN Shun Public Hearing

An ad hoc committee of the House of Representatives has summoned heads of four government agencies to appear before it on August 19. This followed the ruling of the Chairman of the Committee, Yusuf Buba (APC-Adamawa), at a public hearing...
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SIFAX Group Photo News
August 16, 2019 No Responses

SIFAX Group Photo News

L-R: Chief Adekunle Oyinloye, Group Managing Director, SIFAX Group; Oba Mufutau Gbadamosi, Esuwoye II, Olofa of Ofa and Oba Ayilara Babatunde Raheem, Olu of Owode Ofara kingdom at the installation of Oyinloye as the Ejemu Omu of Omu Aran, Kwara...
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Obaseki Reconstitutes Edo Tenders Board
August 16, 2019 No Responses

Obaseki Reconstitutes Edo Tenders Board

As part of his commitment to transparency and accountability in public procurement process, Edo State Governor, Mr. Godwin Obaseki, has approved the reconstitution of the committee to oversee activities of state Tenders Board.  In a statement, Special Adv...
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Edo Pledges Support For Spare Parts Dealers
August 15, 2019 No Responses

Edo Pledges Support For Spare Parts Dealers

The Edo State Governor, Mr. Godwin Obaseki, has assured traders in Benin Auto Spare Parts Market, Uwelu, whose businesses were destroyed by midnight fire, of government’s support to get them back to business. The governor gave the assurance on Wednesday...
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Max 102.3 FM Wins ‘Innovative Young Radio Station Of The Year’ Award
August 15, 2019 No Responses

Max 102.3 FM Wins ‘Innovative Young Radio Station Of The Year’ Award

Max 102.3 FM, a member of the TVC Communications Group, has won the “Innovative Young Radio Station of the Year” award at the annual Marketing Edge Brands and Advertising Excellence Awards. The event, organized by Marketing Edge magazine, a foremost...
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Ecobank Engages New Set Of Graduates
August 14, 2019 No Responses

Ecobank Engages New Set Of Graduates

A new set of Graduate Trainees are expected to commence their entry level development programme on Wednesday August 14, 2019  at the state of the art Ecobank Nigeria Academy in Lagos.  The training programme which was launched in July this...
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KPMG Under Pressure, Removes Head Of Financial Services Unit
August 13, 2019 No Responses

KPMG Under Pressure, Removes Head Of Financial Services Unit

Following a probe into alleged misconduct, KPMG, one of the biggest consultancies in the United Kingdom has ousted the head of its financial services consulting division. A spokesperson for KPMG confirmed to the BBC that Tim Howarth had left the...
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FCMB Targets Palm Oil, Cocoa, Ginger, Others With New Agric Finance Facility
August 13, 2019 No Responses

FCMB Targets Palm Oil, Cocoa, Ginger, Others With New Agric Finance Facility

Foremost financial institution, First City Monument Bank (FCMB) has introduced an enhanced agro-commodity trade finance facility for agribusiness operators.  According to the Bank, the revamped facility is designed for agro-commodity merchants with supply...
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Businessman Returns N2.2b Mistakenly Paid Into His Account
August 12, 2019 No Responses

Businessman Returns N2.2b Mistakenly Paid Into His Account

Managing Director of Peace Mass Transit (PMT), Dr Maduka Onyishi, returned N2,219,500,000 which was overpaid into his account by the First Bank Nigeria.  A cheque bearing the overpaid amount was received on behalf of First Bank by the Business Manager,...
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