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Unity Bank posts N16bn loss, FCMB records 86% drop in PAT

Unity Bank posts N16bn loss, FCMB records 86% drop in PAT

Unity Bank Plc has announced a loss after tax of N16.1 billion in its audited result for the 2010 financial year. First City Monument Bank Plc (FCMB), on the other hand, recorded a significant decline in its top and bottom lines, as its profit after tax dropped by 86 per cent to N564.34 million.

SPDC to begin gas supply to Bonny LNG in June

SPDC to begin gas supply to Bonny LNG in June

The Shell Petroleum Development Company (SPDC) will in June begin to supply gas to the Nigeria Liquefied Natural Gas (NLNG) complex, Bonny, Rivers, from its new gas gathering facility in Bayelsa, an official said.

NHRC flays assault on Journalist

NHRC flays assault on Journalist

The National Human Rights Commission, NHRC, today, expressed displeasure over the conduct of an Abuja Chief Magistrate, Mrs. Zainab Bashir, who on Monday, ordered her police orderly to handcuff a reporter with the Guardian Newspaper, Mr Lemmy Ughegbe.

Uvwie women back Ologitere for House of Reps

Uvwie women back Ologitere for House of Reps

IRKED by alleged existing political imbalances in Uvwie/Okpe/Sapele Federal constituency, a presure group, Uvwie Women in Politics, has said it was the turn of Uvwie to produce the member who will represent the area in the Federal House of Representatives in 2011.