Police declare port corridor ticketing, revenue collection illegal
By Godwin Oritse The Western Ports Police Command has intervened in the brewing dispute between the Committee of Maritime Transport Unions and Associations (COMTUA) and the Lagos State Trucks and Cargo Operators Committee (LASTCOC) over the proposed sale of Lagos State revenue tickets along the Apapa and Tin Can Island port corridors. The intervention followed […]
WEMA bank Plc: Remarkable Survival Instinct Still At Work
Since 1945 when it commenced operations, Wema Bank has continued to show sufficient resilience having survived through numerous challenging times and circumstances to stand today as the only surviving bank among its indigenous peers. As at 2014, it operated with a regional banking license with branches spread across some 130 locations.
Power alone gulps 40% of production cost – MAN
The Manufacturers Association of Nigeria (MAN) has said that because of insufficient power supply, over 40 per cent of production cost in Nigeria goes into electricity generation by manufacturers. Mr Regard Odiah, a member of MAN and Chairman, Technical Committee on Operationalisation of Micro-Grid for Industrial Initiative, made the statement in Abuja when he presented the report of the committee to NERC.
FIDELITY bank Plc: Growing conservatively, Consistently
Fidelity Bank Plc was incorporated in 1987 and commenced business as a merchant banking outfit. It however converted to commercial banking in 1999 following the clamour of wholesale institutions for a level playing ground in the industry. The bank proceeded to list as a public entity in the Nigerian Stock Exchange in 2005. Since then, Fidelity Bank has been on a firm and steady growth trajectory to emerge as one of the admirable institutions in the sector by key stakeholders.
ECOBANK group: Leveraging the international network
Ecobank Transnational Incorporated emerged in the West African banking landscape to fill a gap that long existed but not explored. Accordingly in 1985, a group of businessmen came together with the political support of the Economic Commission of West Africa States, ECOWAS, and various governments in West Africa to form Ecobank with the aim of playing a financial and economic role towards promoting international trade amongst the countries of the region and with other countries outside the region.
UNITY bank Plc: A new life after the storm
During the 9th Annual General Meeting of Unity Bank Plc to review activities for the financial year ended December 2014, an opportunity was provided for the bank to commend all critical stakeholders for returning the bank to the path of profitability and also sustaining the bank on a journey that started nine years ago with the coming together of nine banks during the Soludo-era consolidation exercise.
