Business

Diamond Bank has announced the appointment of Oluseyi Bickersteth as the new Chairman of the Board of Directors, effective June 26, 2018. This appointment comes against the backdrop of Bickerseth’s strong values and vision which both align with the bank’s current focus of delivering excellent performance by leveraging technology to provide financial solutions to retail markets. Commenting on the appointment, …

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Nigeria’s tier one banks, the United Bank for Africa Plc (UBA), Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc, First Bank of Nigeria Limited and Access Bank Plc have been listed among African lenders, including Ecobank Transnational Inc, according to The Banker magazine’s 2018 1000 global banks ranking. A statement by The Banker magazine on Monday said Africa’s economic fortunes improved …

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Registration is now open for the 22nd Annual African Securities Exchange Association (ASEA) Conference scheduled to hold on November 26 and 27, 2018 at Oriental Hotel, Lagos, Nigeria. According to the Nigerian Stock Exchange (NSE), attendees can register via the dedicated conference website, at www.asea-ngx2018.com. Also, a discount of $150 is available for conference attendees who register before July 31, 2018. The two-day …

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Globacom has congratulated the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, upon his induction as a fellow of the Nigerian Academy of Engineering as well as his conferment with an honorary degree by the University of Jos.   Professor Danbatta was formally inducted as a fellow of the Nigerian Academy of Engineering on June …

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The Asset Management Corporation of Nigeria (AMCON) has said there will be no more room for negotiation with its debtors, declaring that it  is set for a new stage. This new stage, according to AMCON, would involve complete take-over of the assets of its chronic debtors. The Managing Director and Chief Executive Officer of AMCON, Mr. Ahmed Kuru, who disclosed in …

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As the controversy over alleged non-remittance of N20billion to the federation account by Nigerian National Petroleum Corporation (NNPC) continues, states on Saturday insisted the money must be remitted without further delays Chairman of the Finance Commissioners Forum, Mr. Mamood Yunusa, explained  in Abuja that the NNPC must pay fully. He said: “Based on all provable assumption parameters, the Nigerian National Petroleum Corporation …

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…Bayelsa To Sign GMoU With Shell On Gbarain/Ubie Gas Plant …Restates Preparedness To Partner Int’l Community On Oil, Gas By Amos Odeh Bayelsa State Government is to sign a Global Memorandum of Understanding with Shell Petroleum Development Company, (SPDC) on the Gbarain/Ubie Gas plant, a multi-million dollar project, which is the largest investment in Africa. Speaking while receiving the Irish …

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By Amos Odeh The renewed operations of the Joint Task Force (JTF) deployed to protect oil facilities in the Niger Delta against illegal refineries has resulted to shortages of kerosene to residents in Bayelsa. Kerosene scarcity was sequel to a raid by the joint military force, Operation Delta Safe to illegal refinery sites in Okaki, Rivers and Nembe in Bayelsa. …

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By Amos Odeh The Bayelsa State Government has said that, a delay in the monthly meeting of the Federation Accounts Allocation Committee, FAAC, may result in a slight delay in the payment of salaries of civil servants for the month of June, 2018. The State Commissioner for Finance, Mr. Maxwell Ebibai, said in a statement on Thursday that, that the …

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By Amos Odeh Bayelsa State Government says, it has expended N313.5 million as payment for the disengaged staff of tertiary institutions, following the staff rationalization policy of the government. The State Deputy Governor, Rear Admiral Gboribiogha John-Jonah (Rtd), who stated this in Government House, Yenagoa, declared N7.3 billion as balance of funds available as at the end of May, 2018. A …

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