Category Archives: Business News

Equities open second half with N120b loss

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Nigerian equities reopened for the second half of 2018 on a negative note as market-wide portfolio rebalancing shaved off N120 billion from market values of quoted companies. Equities had started the second half of 2017 also with a similar loss of N120 billion. Against the background of a flat performance in the first half, equities […]

Air Peace decorates first woman captain

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A pilot, Simisola Ajibola, has become the first woman captain to be decorated by Air Peace Airlines. Ajibola, who joined the airline  in February 2017 as a Senior First Officer (SFO),  is from a family of pilots, father and four brothers, three of whom are with Air Peace. Presenting the new captain to the Chairman/Chief […]

Maritime seminar for Judges holds today

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The 15th edition of International Maritime Seminar for Judges is holding today in Abuja. The three-day event is being organised by the Nigerian Shippers Council, in collaboration with the National Judicial Institute (NJI). Former Interim Head of State Chief Ernest Shonekan is expected to chair the occasion. The NSC Director, Special Duties, Mr Ignatius Nweke,  […]

Heritage Bank, NeFF partner to check e-fraud

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Heritage Bank Plc

Heritage Bank Plc has partnered with the Nigeria Electronic Fraud Forum (NeFF) on the prevention of electronic fraud in the Nigerian banking system. Managing Director/CEO of the bank, Ifie Sekibo said at unveiling of the 2017 NeFF annual report in Lagos that the bank was very proud of successes recorded by the forum, adding that […]

Fidelity Bank lauded for supporting education

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The Governor of Adamawa State, Mohammed Jibrila Bindow has praised Fidelity Bank Plc for supporting the development of education in the state and across the country through its sustainable Corporate Social Responsibility (CSR) initiatives. The Governor, who spoke during the handover ceremony of the newly constructed block of classrooms to the management of Kwarhi B’ […]

Plateau: 21 suspects held

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TWENTY-one suspects have been arrested over the Plateau State killings, according to the special military task force Operation Safe Haven (OPSH). Among them are those found with arms and suspected hoodlums who hijacked the protests sparked by the killings. The special task force comprises police, Air Force, Army and paramilitary security agencies. The suspects were […]

Federal Operations Unit, FOU, Zone A Impounds over N1.3 b worth of Rice and Vehicles

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FOU Zone Controller Mohammed Uba

The federal Operations Unit, FOU, of the Nigerian Customs Service in line with efforts at ensuring full implementation of the government policy banning the importation of rice and vehicles through the land borders recently intercepted various contraband goods and vehicles with a Duty Paid Value (DPV) of One Billion, Three Hundred and Forty Five Million, […]

FirstBank holds Agric expo

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First Bank of Nigeria Limited has organised an Agric Expo as part of its commitment to supporting agric businesses across the value chain. Besides, it is to play its enabling role in the nation’s drive for economic diversification through agriculture. The Expo, themed: “Innovating for a Sustainable Green Economy” launched in 2017, was designed as […]

LASACO records N6.6b premium

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LASACO Assurance Plc has recorded a Gross Premium Income of N6.6 billion for the year, representing 10 per cent growth over the premium recorded in 2016. The net underwriting income of the firm increased by a record 105 per cent from N1.9 billion in 2016 to 3.9 billion in 2017, largely due to a decrease in […]

20 ships laden with wheat, others berth at Lagos ports

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More than 20 ships laden with steel, wheat, fertiliser petrol and other products have berthed at Lagos Port Complex (LPC) between last week and today, the Nigerian Ports Authority (NPA), said. Findings revealed that five of the vessels, Tai Splendor, Thor Monadic, Ru Chang Hai, Desert Spring and Night Hawk vessels were laden with wheat, […]