Business

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Banks tackle inadequate funding in maritime sector

A number of banks have risen to tackle the problem of inadequate funding in the local maritime sector.
Maritime sector operators have always identified inadequate funding as one of the barriers to the development of the sector.
The other factor is the dominance of foreign shipping lines in Nigeria related international maritime businesses.

Labour accuses oil firm of unfair practices

ORGANISED labour in the nation’s Petroleum industry, has accused the management of ConocoPhilips Nigeria Limited of deliberating breaching the Collective Bargaining Agreement (CBA) with the union in order to shortchang members in the company’s planned retrenchment exercise.

Retrenchment Tsunami: Banks sack over 1,000 in two weeks

The banking industry is experiencing an unprecedented wave of staff retrenchment with over 1,000 bank workers losing their jobs within two weeks. The leadership of organised labour in the banking industry has, however, called on the Central Bank of Nigeria (CBN) to call the banks to order otherwise it will be forced to take on the banks.

FMBN rebrands, wants home for Nigerians

The Federal Mortgage Bank of Nigeria (FMBN) said it would be embarking on a rebranding campaign, which is centred on the pursuit of its mandate of assisting every Nigerian to own a house of their choice, thus creating a new corporate identity for the bank.

Airlines, Nestle others support NAWOJ anniversary

As the twentieth anniversary of the National Association of Women Journalists, (NAWOJ) gathers momentum, Corporate organizations like; Industrial and General Insurance (IGI),airlines, Nestle Plc have thrown their weight behind the celebration.

NIPR Election: Muhammad charges NIPR members on credible leadership

Ahead of the Annual General Elections and Congress of the Nigerian Institute of Public Relations (NIPR), a two-time chairman of the Kaduna state chapter NIPR, Yusuf Muhammad, has called on members to ensure that only responsible and credible leadership emerge.

APCON generates N60bn, celebrates anniversary

As the Advertising Practitioners Council of Nigeria (APCON) celebrates her 20th anniversary, the council said it has generated N60 billion over 20 years of regulating advertising practice in Nigeria.

FinBank finances vessel project

In line with the Coastal and Inland Shipping Act 2003, FinBank Plc has financed the purchase of a new vessel for Jevkon Oil & Gas Limited, a leading indigenous maritime transport company in Nigeria.

Microfinance banks lack adequate manpower

The Lagos State chapter of the National Association of Microfinance Banks has listed inadequate manpower as bane to the progress of the microfinance bank sector.

Stanbic IBTC launches customer Magazine Achiever

STANBIC IBTC Bank, a member of the Standard Bank Group, has launched a magazine for its customers. Tagged Achiever, the magazine’s major objective according to Bimbola Ashiru, Head of Corporate Affairs & Corporate Social Investment is to educate the customer, providing him with useful guidance and empowerment with which to make better informed financial decisions and derive better value from the banking and financial services industry.

Insurance industry gets ombudsman

In a fresh attempt to strengthen confidence building in the insurance market, underwriters trade group, Nigerian Insurers Association has set up an independent special complaints unit that will adjudicate complaints against member companies by consumers of insurance.

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