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FinBank   assures  Commerce Ministry on  revenue drive

FinBank assures Commerce Ministry on revenue drive

FinBank Plc has assured the Ministry of Commerce and Industry of increased revenue when the full implementation of the web portal being financed by FinBank for the Ministry becomes operational.

G8 agrees to, open trade, boosts farm aid

G8 agrees to, open trade, boosts farm aid

Group of 8 leaders will agree to fight trade protectionism and mobilise billions over the next three years to boost agricultural investment in the developing world, according to reports.

IITA begins on-farm trials on new new yam

IITA begins on-farm trials on new new yam

THE International Institute of Tropical Agriculture (IITA) in partnership with Nigerian farmers has begun preliminary trials of propagating yam through vine cuttings on farmers’ fields in Niger State.

UBA leads ExxonMobil/NNPC $265m upstream financing

UBA leads ExxonMobil/NNPC $265m upstream financing

A consortium of eight Nigerian banks led by UBA, as the lead bank, are in a $265million supplementary refinancing deal for ExxonMobil and the Nigerian National Petroleum Corporation (NNPC). The banks are United Bank for Africa Plc, Oceanic Bank, Standard Chartered Bank, Skye Bank, Zenith Bank, Bank PHB, Access Bank and Union Bank Plc.

NAICOM  embargos new insurance licence, to reduce insurance coys

NAICOM embargos new insurance licence, to reduce insurance coys

Insurance companies operating in the country have the options to freely go into Merger and Acquisition (M & A) or have the law compel them to do so as the National Insurance Commission (NAICOM) says 51 insurance companies operating in the country are too many.

NSE tackles CBN on uniform year-end for banks

NSE tackles CBN on uniform year-end for banks

The Nigerian Stock Exchange (NSE) has called on the Central Bank of Nigeria (CBN) to review its decision on the uniform year-end for banks in the country, urging it to instead, adopt a double year-end for the banks.

Trading normalises, share value dips by N137bn

Trading normalises, share value dips by N137bn

Trading on the Nigerian Stock Exchange (NSE) normalised, Tuesday, as the value of listed equities, driven by losses on the share prices of blue chip companies, dipped by N136.83 billion.

CSR: AP commences second phase donation of crash helmets

CSR: AP commences second phase donation of crash helmets

African Petroleum (AP) Plc, a quoted company on the Nigerian Stock Exchange (NSE) has begun the second phase of donation of helmets to motorcyclist nation wide being part of its Corporate Social Responsibility (C.S.R) in building the nation.

AIG shares continue dive after reverse stock split

AIG shares continue dive after reverse stock split

American International Group Inc. shares continued to plummet one week after the company approved a reverse stock split and as jury deliberations began in a $4.3 billion trial against its former CEO.

FG urged to address relocation of industries to Ghana

FG urged to address relocation of industries to Ghana

The immediate past President of the Association of National Accountants of Nigeria (ANAN), Dr Samuel Nzekwe, has appealed to the Federal Government to work hard to stop relocation of industries from the country to Ghana.

N70b textile funds nonexistent, says Lawmaker

N70b textile funds nonexistent, says Lawmaker

The clamouring and lobbying for the Federal Government’s N70 billion textile revival fund by manufacturers in the textile sector may soon ebb as the money is said to be nonexistent.