Category: News

Hyundai workers vote for strike action
July 16, 2016 No Responses

Hyundai workers vote for strike action

Hyundai Motor’s unionized workers in South Korea voted to go on strike for a fifth year in a row after wage talks broke down, adding to the automaker’s troubles as it battles a sales slowdown. According to Automotive News, a...
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Picketing of NECA by NLC illegal, says Oshinowo
July 16, 2016 No Responses

Picketing of NECA by NLC illegal, says Oshinowo

The Nigeria Employers Consultative Association (NECA) has crirised distruption of its scheduled Annual General Meeting (AGM) by Nigeria Labour Congress (NLC) led by Joe Ajaero.   NECA in a statement said the protesting workers did not allow any person to...
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Nigerian Breweries records 11.24 % drop in profit
July 15, 2016 No Responses

Nigerian Breweries records 11.24 % drop in profit

For the first half of 2016, Nigerian Breweries Plc has declared profit after tax of N19.06billion, a drop of 11.24 per cent when compared to N21.47 billion recorded within same period in 2015. However, the unaudited and provisional results released...
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Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”
July 15, 2016 No Responses

Fitch affirms UBA’s viability rating as Agusto upgrades rating to “Aa”

*Stock now best performing on the exchange. Foremost global rating agency, Fitch International has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”.  Meanwhile, the pan-African banking group has continued to sustain its benchmark asse...
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Board approves Tony Attah as NLNG MD
July 15, 2016 No Responses

Board approves Tony Attah as NLNG MD

THE Board of Directors of Nigeria Liquefied Natural Gas (NLNG) has approved the appointment of Tony Attah as Managing Director and Chief Executive Officer.    Attah succeeds Babs Omotowa, who after nearly five years at the helms of affairs of...
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Buhari, Osinbajo, Elumelu sign women empowerment initiative
July 15, 2016 No Responses

Buhari, Osinbajo, Elumelu sign women empowerment initiative

African businessman and philanthropist, Tony O. Elumelu, CON,  joined the First Lady of Nigeria, Mrs. Aisha Buhari and wife of the Vice President of Nigeria, Mrs. Dolapo Osinbajo at a forum and exhibition on Nigerian Women in Export,  held in...
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Customs zone ‘A’ impounds N1.2billion contraband in six months
July 15, 2016 No Responses

Customs zone ‘A’ impounds N1.2billion contraband in six months

Between January and June this year, the Nigeria Customs Service (NCS), Zone ‘A’, Ikeja made  four hundred and Ninety Four (494) different Seizures of prohibited/offending goods valued at N1.2billion.   According to a statement issued by the Public Relati...
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Kia Motors declares 268,886 sales in June
July 15, 2016 No Responses

Kia Motors declares 268,886 sales in June

 For the month of June 2016, Kia Motors Corporation has announced global sales figures (export sales, domestic sales and sales from overseas plants) for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 268,886 units so...
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$3.8b Project fuels Intels, LADOL dispute
July 14, 2016 No Responses

$3.8b Project fuels Intels, LADOL dispute

The outgoing Managing Director of Nigerian Ports Authority (NPA), Habib Abdullahi has identified the $3.8billion Floating Production Storage and Offloading (FPSO)project as the major factor responsible for the ongoing face-off between Integrated Logistics Serv...
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FirstBank targets 10million new customers in three years
July 14, 2016 No Responses

FirstBank targets 10million new customers in three years

AS part of its financial inclusion initiative, First Bank of Nigeria Limited has unveiled plan to grow its customer base by over 10 million new customers in the next three years.   Managing Director and Chief Executive Officer of First...
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Labour petitions Minister over activities of shipping companies
July 14, 2016 No Responses

Labour petitions Minister over activities of shipping companies

MEMBERS of the Maritme Workers Union of Nigeria (MWUN) have forwarded a petition to the Minister of Transport over what they described as the “activities of some shipping companies, consignees/agents.”   Urging the Minister to intervene as part of measure...
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Nigeria seeks support for regional framework against Piracy
July 14, 2016 No Responses

Nigeria seeks support for regional framework against Piracy

The Federal Government has expressed its support for any regional initiative geared towards eliminating the scourge of piracy and maritime crimes especially in the Gulf of Guinea.  Speaking at the ongoing International Maritime Organisation (IMO)/Maritime Org...
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FBN Capital partners Oxford Business Group on research
July 13, 2016 No Responses

FBN Capital partners Oxford Business Group on research

By Moses Ebosele –  FBN Capital has signed a research Memoradum of Understanding (MoU) with Oxford Business Group (OBG). Under the aggrement, a report by OBG will examine the Central Bank of Nigeria’s monetary policy, review the country’s recently-r...
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Diamond Bank unveils Mobile POS
July 13, 2016 No Responses

Diamond Bank unveils Mobile POS

By Moshood Aliyu –  To increase safety and reliability in payment, Diamond Bank Plc in collaboration with Microsoft has introduced   Diamond Mobile POS (MPOS). Speaking on the partnership between Diamond and Microsoft on Tuesday in Lagos, Diamond Bank...
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