Business

Eastern Ports Rehabilitation:  FG awards Escravos Channel dredging, breakwater reconstruction

Eastern Ports Rehabilitation:  FG awards Escravos Channel dredging, breakwater reconstruction

As part of efforts to revitalize the Eastern ports, the Federal Government, through the Nigerian Ports Authority (NPA), has awarded the contract for the reconstruction of the dilapidated Escravos Channel at Warri Port, Delta State. Confirming the development, Mr. Ikechukwu Oyenmakara, General Manager of Corporate and Strategic Communication at the Nigerian Ports Authority, stated that […]
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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.