Tag Archives: cover

Fidelity Bank Earns N139.0 billion in 9 Months

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 By Udo ONYEKA  Fidelity Bank Plc has posted an impressive financial performance for the third Quarter of 2018 and is on course to finishing strong in the 2018 financial year. The lender’s 9-months financial results for the period ended September 30, 2018, released at the Nigerian Stock Exchange (NSE) showed a double-digit growth in revenues […]

Nigeria’s Senate to probe alleged $3.5 bln NNPC fuel subsidy fund

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There is indication that the Nigeria Senate would investigate an alleged $3.5 billion fuel subsidy fund at state-oil firm NNPC, lawmakers have. The Senate alleges NNPC used the fund to subside the price of imported petrol without the house’s approval, the lawmakers said. Fuel subsidies are a contentious issue in Nigeria, where prices are kept […]

Petrol price should be reviewed regularly – Oil marketers

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The Major Oil Marketers Association of Nigeria has said the pricing template for Premium Motor Spirit should be reviewed regularly to ensure that the price of the commodity reflects the reality on the ground. The news had reported last week that the landing cost of the PMS being imported into the country had risen to at […]

MMA2: Aviation unions call off strike

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Aviation unions under the aegis of Air Transport Services Senior Staff Association of Nigeria, the National Union of Air Transport Employees and the National Association of Aircraft Pilots and Engineers on Thursday night called off their strike action against Bi-Courtney Aviation Services Limited. It was gathered that the Nigerian Civil Aviation Authority and other security […]

UBA receives award

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PMI Rises To 56.2 Index Points  –   CBN

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By Andy Nssien The Manufacturing Purchasing Managers’ Index (PMI) in September rose to 56.2 points, indicating expansion in the manufacturing sector for the eighteenth consecutive month.  However, the index  grew at a slower rate when compared to the index in the previous month, the PMI for September has shown The  2018 PMI survey for the month which […]

1,000 local firms apply for railway contracts

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At least 1,000 indigenous companies have submitted applications for various railway contracts in the 2018 fiscal year, the Nigerian Railway Corporation has said. The contractors prospecting for different railway projects were unveiled on Wednesday during a prequalification/bid opening session held at the NRC head office in Lagos. The Director of Procurement, NRC, Mr Ben Iloanusi, […]

Osinbajo promises more funds for Trader Moni loan

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Vice-President Yemi Osinbajo on Thursday told beneficiaries of the Trader Moni loan scheme in Gbagi Market, Ibadan that more funds would be committed to the scheme as soon as the traders began to pay back. The Vice-President was in the market to assess how the loan was being executed and to ensure that all registered […]

UI names centre after FCMB Group founder Balogun

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The University of Ibadan (UI) has again honoured the Founder of FCMB Group, Otunba Michael Olasubomi Balogun, by naming its modern and multi-purpose conference centre after him. The centre will be unveiled and renamed Otunba Subomi Balogun Conference Centre.cording to the university, the decision is in recognition of Otunba Balogun’s numerous and significant contributions to […]

Micro pension: PenCom eyes 30m low earners, others

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The micro pension plan is targeting about 30 million people, including low-income and high-income earners by 2024,  National Pension Commission (PenCom) Acting Director-General, Mrs Aisha Dahir-Umar has said. The Acting DG, who spoke at a seminar organised by Business Today Online in Lagos, said the Commission is also targeting the Small and Medium Scale Enterprises […]