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The Nigeria Deposit Insurance Corporation (NDIC) has called on commercial banks and other businesses that left the North East in the wake of Boko Haram insurgency to ensure businessmen and women in the region have easier access to funds. This is even as only 25 per cent of adults out of the estimated population of 26.26 million people in the …

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In a bid to reduce security risk and the cost of attracting ships to Nigeria, the Nigerian Ports Authority (NPA) has commenced moves to get the owners of rigs, abandoned and submerged vessels to remove them immediately or face the penalty. To this end, the NPA will issue notices and write to mariners, owners of abandoned or submerged vessels and …

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Fidelity Bank Plc has reported an impressive third quarter earnings, at both top and bottom line for the period ended September 30, 2017. A breakdown of the company financial report shows that the bank was able to grow its gross earnings by 17.89 percent from N110,346 billion in 2016 to N130,086 billion in 2017. Profit before income tax was up …

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The Nigerian Communications Commission and the Nigeria Security and Civil Defence Corps on Wednesday in Abuja signed a Memorandum of Understanding on the protection of telecommunications infrastructure. With the signing of the MoU, the NSCDC has designated a desk charged with the responsibility of monitoring telecommunications infrastructure across the country. The desk is also charged with the responsibility of arresting …

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The Nigerian National Petroleum Corporation said it had secured a total of $3.7 billion in alternative financing agreements in the last three years. The Group Managing Director, NNPC, Maikanti Baru, said securing external funding arrangement was crucial to sustaining oil and gas production in Nigeria and ensuring the survival of the country’s energy future. He was quoted in a statement …

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The Nigerian Stock Exchange, NSE, has proposed for an extension in the tenure of Board of Trustees of the Investors Protection Fund, IPF, to two terms of four years each. The Exchange said the extension became necessary to allow for continuity in the Board, adding that the Securities and Exchange Commission, SEC has given a no objection to the proposal. …

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Photo Caption: From Left: Wale Adediran, Vice President, Chartered Institute of Personnel Management of Nigeria (CIPM); Ajibola Ponnle, Registrar/CEO, CIPM; Tinuade Awe, General Counsel & Head of Regulation, The Nigerian Stock Exchange (NSE); Udom Uko Inoyo, President/Chairman of Council, CIPM; Nkeiru Adesogan, National Treasurer, CIPM during a Closing Gong Ceremony at NSE in Lagos on Thursday. Advertisement

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    Dangote Cement Stirs Industrial Revolution In Africa, Commissions Mfila Plant In Congo   The new plant estimated at $300 million has potentials for about 1000 direct employment and thousands of several other indirect jobs Africa’s largest cement Company, Dangote Cement Plc (http://APO.af/mCqnZz) yesterday added fillip to the on-going efforts at economic emancipation of Africa when it formally opened …

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Nigerian Real Estate To Turn The Corner In 2018 Five Reasons to be Bullish on Nigerian Real Estate in 2018   The picture looks brighter for occupational and capital markets as the economy improves As the city gears to host the globally recognised real estate-focused West African Property Investment Summit (WAPI) (www.WAPIsummit.com) next week, there is a renewed sense of …

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A Federal High Court sitting in Lagos has struck out a case filed by Oando PLC against the Securities and Exchange Commission (SEC) seeking to stop SEC from conducting a forensic audit on the company and also lift a technical suspension placed on its shares. The presiding judge, Justice Mohammed Aikawa on Thursday struck out the case on the grounds …

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