First City Monument Bank, FCMB, Plc has recorded a growth of 73 per cent in its Group’s Profit After Tax (PAT) for the un-audited nine months result ended September 30, 2011 released on the floor of the Nigerian Stock Exchange (NSE) .

SOME stakeholders have expressed optimism that the acquisition of Intercontinental Bank by Access Bank would reposition Access Bank and lead to improved earnings.

President Barack Obama restored privileged US trade partner status Tuesday to Ivory Coast, Niger and Guinea following democratic gains in the African countries, the White House said.

Efforts at resolving the crisis in the Nigerian banking industry will put the country’s economy at risk, says the Central Bank of Nigeria, CBN, in its Economic Report for the first half of 2011.

The Minister of Mines and Steel Development, Arc. Musa Mohammed Sada has stressed that the Federal Government would not entertain an out of court settlement nor would it enter into further negotiations with Global Infrastructure Holdings Limited, GIHL, over the cancellation of the concession of Ajaokuta Steel Company Limited (ASCON).

As part of contributions to the ongoing efforts to create an enduring environment for the growth of the Nigerian oil and gas sector, Tricontinental Technologies Limited, a division of the Tricontinental Group has recorded a giant stride through its technological initiatives to eliminate downtime in the industry.

The Third International Association of Dentists Researchers (IADR) Conference in Abuja came to an end with Unilever Nigeria Plc announcing its sponsorship package for the two prize winners of Unilever Hatton Competition.

Nigerian government finances remain highly vulnerable to oil price fluctuations and Africa’s top oil producer is likely to be affected by a worsening of global economic conditions, central bank Governor Lamido Sanusi said.

Sterling Bank Plc achieved impressive growths in profitability in the third quarter as aggressive business development initiatives and better credit risks management improved the balance sheet position of the bank.

IN an effort to accelerate the its transformation agenda in the power sector, the federal government has signed a memorandum of understanding (MOU) with the United States of America which would enable independent power producers in Nigeria to access up to $1.5billion facility to purchase electric power equipments and services from the United States.