The management of Heritage Banking Company Limited has formally announced the appointment of the bank’s Executive Director, Retail Banking, Mrs. Mary Akpobome, as the acting Managing Director for Enterprise Bank during the transition period. Akpobome is saddled with the responsibility of
Business
Oando Energy Resources Inc. has announced the optimisation of its crude oil hedge programme and a $238 million prepayment of certain loan facilities, which it utilised for the $1.5 billion acquisition of the ConocoPhillips Nigerian Oil and Gas Business in July, 2014. The company said it successfully realised $234 million by resetting its crude oil […]
The Executive Secretary/CEO, Nigerian Shippers’ Council (NSC), Mr. Hassan Bello in this presentation highlights the role of NSC as the economic regulator of Nigerian ports and its effect on the industry and the national economy. A vacuum After the implementation of the Federal Government’s port reform programme which led to the concession of port […]
Nigeria and The Gambia have signed a Memorandum of Understanding (MoU) to promote trade, investment and best practices among women, the aged and people living with disabilities from both countries. The Minister of Women Affairs and Social Development, Hajiya Zainab Maina and Vice-President of The Gambia, Isatou Njie-Saidy, signed the document on behalf of their […]
A prominent international rating agency, Trading Economics (TE), has rated Nigeria’s economy as “negative” (in red), on 27 points, indicating that the nation currently possesses a highly speculative economy. The Trading Economics credit rating takes into account the average grade given by international credit rating agencies plus multiple economic indicators, exchange
A prominent international rating agency, Trading Economics (TE), has rated Nigeria’s economy as “negative” (in red), on 27 points, indicating that the nation currently possesses a highly speculative economy. The Trading Economics credit rating takes into account the average grade given by international credit rating agencies plus multiple economic
Nothing matters more to a business establishment than growth and expansion and in these days of technology, it is expected of entrepreneurs to make use of smart applications or apps as they are commonly called to work smarter and grow faster. Among the many trending apps for creating visibility in the market-place is the Instagram […]
In order to consolidate on its brand message and connect with its target audience, Chi Limited has come up with another media campaign, tagged “Taste of Paradise.” Speaking on the “Taste of Paradise” campaign, in a statement made available in Lagos, the Managing Director, Chi Limited, Mr. Roy Deepanjan, said “the objective of the TVC […]
UBS AG has poached a U.S. team of some 15 oil and gas investment bankers from Bank of Montreal (BMO), significantly weakening the energy deal-making capacity at Canada’s fourth-largest bank, people familiar with the matter said. The moves come amid plummeting oil prices that have prompted banks to try to lure talented energy bankers with […]
The National Insurance Commission (NAICOM) on Tuesday had its Takaful Advisory Council (TAC) inaugurated by the Minister of State for Finance, Mr. Bashir Yuguda, to ensure a financially inclusive insurance sector. The council will provide Sharia compliant insurance policies that will complement Nigerian banks practicing Islamic financing. Yuguda said that for an economy to
In efforts geared towards achieving the Federal Government’s Agricultural Transformation Agenda, the Nigerian Institute for Oceanography and Marine Research (NIOMR) has unveiled its most recent innovation in catfish canning, a concept that represents a paradigm shift in fish production. Speaking at the opening ceremony of the formation of innovation platform for
Despite the success of the ‘No premium, No cover’ initiative of the National Insurance Commission (NAICOM), the insurance industry is still confronted with age-long unprofessional practices which has now brought division among operators in their opinions on the continued existence of such practices. Among others, rate cutting and overriding commission are some of the
The Nigerian Stock Exchange (NSE) All Share Index (ASI), depreciated by 486.11 points or 1.55 per cent increase to close at 30,869.17 points from its previous 31,355.28 points recorded on Tuesday after several weeks of positive trading. A total of 518,883,361 shares worth 3.8 billion naira in 5,469 deals were traded bringing Market capitalisation down […]
The Oyo State Signage and Advertisement Agency (OYSAA) has warned against the placement of unapproved political campaign materials that are errantly being posted in different sites, including lamp poles, around the city of Ibadan, thereby constituting fragrant breaches of the extant laws and regulation of the agency. In a statement signed by the Director General of […]
Greek representatives started talks with official international creditors in Brussels on Wednesday, taking the first step toward an agreement on the reforms Greece must implement to unblock further aid as Athens runs out of money. It is the first such meeting between Greece and its official creditors since the new, left-led government in Greece took […]
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