ExxonMobil discovers another 1 billion barrels of oil in Bayelsa
American oil giant, ExxonMobil, has announced the discovery of about 1 billion barrels of crude oil in a Nigerian offshore oilfield.In an emailed statement on Thursday, the firm described the...
View ArticleExpert wants special bank for SMEs
An economist, Dr Ifeanyi Asogwa, has called on the Federal Government to create a special bank for Small and Medium Enterprises (SMEs) in Nigeria to propel efficiency in the sector.Asogwa, who spoke on...
View ArticleDiamond Bank’s assets grow to N2.05trn in Q3
COMFORT EKELEME Diamond Bank weekend released its third quarter 2016 performance scorecard on the floor of the Nigerian Stock Exchange (NSE), showcasing moderate growth in key financial parameters. For...
View ArticleWe’re committed to serving Nigeria — Ethiopian Airlines
Africa’s largest and leading carrier, Ethiopia Airlines, has said it has no intention to leave Nigeria but would continue to serve its esteemed passengers in the region’s most populated country.The...
View ArticleSterling Bank strengthens core business, improves asset quality
In spite of the depressing effect of tough macroeconomic conditions on the overall performance of the banking sector, Managing Director, Sterling Bank Plc, Mr. Yemi Adeola, said the improvements in the...
View ArticleUBA shines at Finacle Client Innovation awards
United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services...
View ArticleNBET: FG’s 20,000 megawatts target not feasible
The Managing Director of the Nigerian Bulk Electricity Trading Company, Mrs Marilyn Amobi, says government’s target for 20,000 megawatts of electricity by the year 2020 is not feasible.Mrs Amobi made...
View ArticleFidelity Bank declares N110.3bn gross earnings in 9 months
Despite the country’s current economic downturn caused by the slump in global oil prices, Fidelity Bank Plc, recorded gross earnings of N110.3 billion in its unaudited financial results for nine months...
View ArticleNigeria Stock market performs poorly in October
The total volume of shares traded on the Nigerian Stock Exchange, NSE, in the month of October dipped by 53.84 per cent, the News Agency of Nigeria reports.Statistics obtained from the Exchange in...
View Article200 foreign exhibitors expected at 2016 Lagos Trade Fair
FLORENCE UDOH Over 200 foreign exhibitors are billed to attend this year’s Lagos international trade fair organized by the Lagos Chamber of Commerce and Industry.The 10-day trade event themed,...
View ArticleWe are committed to serving Nigeria — Ethiopian Airlines
Africa’s largest and leading carrier, Ethiopia Airlines, has said it has no intention to leave Nigeria but would continue to serve its esteemed passengers in the region’s most populated country.The...
View ArticleArik Air celebrates 10 years of safe, secure travel
ARIK Air, West and Central Africa’s largest carrier recently rolled out the drums to celebrate 10 years providing safe and secure air travel to the Nigerian public and continually contributing towards...
View ArticleOando Foundation, Theirworld partner to teach young Nigerian girls coding
Theirworld, a global children’s charity, and Oando Foundation, an independent charity with a mission to radically improve the quality of teaching and learning in Nigerian schools, have partnered to...
View ArticleSON: Fake products danger to economy
The Director-General, Standards Organisation of Nigeria (SON), Mr. Osita Aboloma, has called on Nigerians to reject substandard products because they constitute danger to the economy.According to a...
View ArticleFormer Speaker seeks listing of big corporations on NSE
The former Speaker of the Federal House of Representatives, Honourable Dimeji Bankole, has joined the league of eminent Nigerians that are calling for the listing of big corporations operating in...
View ArticleExperts endorse senate rejection of Buhari’s $30bn loan request
LEO ALIGWO, Bus. Editor The recent rejection of President Muhammadu Buhhari’s $30 billion loan request for financing of critical infrastructure by the Senate has attracted reactions by financial and...
View ArticleFRC tasks auditors on ISA 701 implementation
COMFORT EKELEME The Financial Reporting Council of Nigeria (FRC) has harped on the need for auditors to communicate Key Audit Matters (KAM) in their report as part of auditor’s responsibility in...
View ArticleSamsung recalls 2.8m washing machines in the US
Samsung has been forced to recall 2.8 million washing machines in the US after the doors detached mid-wash, leaving one person with a broken jaw.The company said 34 models of top-loading machines made...
View ArticleFSDH appoints new MD/CEO
UGO AMADI After 24 years of meritorious service to the company, the Managing Director/CEO of FSDH Merchant Bank, Mr. Rilwan Belo-Osagie, will retire with effect from January 31, 2017. In accordance...
View ArticleIllegal IMTOs: CBN tasks banks on KYB, lists 35 registered operators
COMFORT EKELEME Following the increasing patronage of illegal Money Transfer Operators (IMTOS) by Nigerians in the Diaspora, the Central Bank of Nigeria (CBN) has urged Deposit Money Banks (DMBs) to...
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