Business

Oando PLC Signs $115.8m Midstream Agreement WzithHelios Investment Partners Oando PLC has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (“OGP”). Oando is one of Nigeria’s …

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Volkswagen admits it has only fixed 10% of vehicles fitted with software to cheat emissions Only around one in 10 UK Volkswagen vehicles fitted with software to cheat emissions tests were fixed in the year since the scandal broke, figures released by the manufacturer show. The controversy began on September 18 last year when US regulators told VW to recall …

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Fidelity Bank CEO explains why borrowers can’t access long term loans . Praises CBN’s Anchor Borrowers’ Scheme The Managing Director/CEO, Fidelity Bank Plc, Nnamdi Okonkwo has said that deposits are mainly short-term in nature and that lending such funds to customers for long-term can lead to asset mismatch. The bank chief who spoke at the 2016 Annual Conference organized by …

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Conoil Grows Half-Year Profit by 196 per cent Conoil Plc has rekindled its last year’s glowing performance with yet another impressive outing for the first half of 2016. Unaudited half year report of the oil marketing company filed over the weekend with the Nigerian Stock Exchange showed that its profit before tax rose from N528.5 million in 2015 to N1.566 …

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We have a strategic plan that will take us out of the recession – Adeosun The Minister of Finance, Mrs Kemi Adeosun, has assured Nigerians that the current economic recession the nation was experiencing will not be prolonged. She gave the assurance on Friday in Abuja while addressing a news conference. She said that there was a strategic plan by …

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Nigerian FirstNation Airline Fails To Resume Flights FirstNation Airline today failed to resume flight operations despite a corporate promise to do so. Our correspondent confirmed that FirstNation Airways, which suspended flight operations about three weeks ago and promised to return yesterday, failed to resume flights. According to agency report, a source close to the airline blamed the development on the …

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How to make your phone battery last longer– Chemists …reveals why you should never let it go flat and what causes it to explode Now chemists have released a series of tips to help ensure you can get the best out of your smartphone’s battery. They suggest never letting your device’s power to drain completely. In lithium ion batteries like …

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  FG Raises 10-Member Team on Agric Roadmap A ten-member committee has been inaugurated by the Federal Ministry of Agriculture and Rural Development (FMARD) to drive the successful Implementation of Nigeria’s Agric Sector Policy Roadmap, the “Green Alternative”. According to the ministry, the “Efficiency Team” is made up of 10 officers, drawn from the core external advisors to the Minister; …

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From Left: Principal Manager, Banking and Payments System Department, Central Bank of Nigeria (CBN), Aisha Isa Olatinu; Chairman, Finance Correspondents  Association of Nigeria (FICAN), Babajide Komolafe; CBN Director, Banking and Payments System Department, ‘Dipo Fatokun and Principal Manager, Banking and Payments System Department, Apan Nseobong during the FICAN Bi-Monthly Forum hosted by the CBN in Lagos…at the weekend. CBN to extend …

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  Advertisement From Left: Abraham Orji, Proprietor, Nova Food Limited (Super Shop) and Mrs. Doris Orji;Patrick Akinwuntan, Ecobank Group Executive Consumer Banking and Tunde Kuponiyi, Acting Head, Consumer Distribution, Ecobank Nigeria during the pilot testing of Ecobank MasterPass QR, the new innovative payment solution that enables buyers pay for goods with their phones by scanning a Quick Response (QR) at the …

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