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 […]
Experts on telecommunications meet in Katsina
The committee of experts on telecommunications and postal services from Nigeria and the Niger Republic on Tuesday began a three day meeting in Katsina.
FBN Microfinance grants N150m loans to customers
The FBN Microfinance Bank Ltd has so far disbursed N150 million as loans to customers since inception in September 2008, its Managing Director, Mrs Pauline Nsa, has said. Nsa said on Tuesday in Lagos that the bank’s customers were engaged in various trade and profession. “Our customers are not only artisans and petty traders, but we also have large food companies, farmers and those from the segments usually ignored by the big banks,’’ she said.
Confidence crisis worsens as share value dips further by N48bn
The liquidity crisis in the Nigerian capital market continued, Tuesday, as the value of listed equities on the Nigerian Stock Exchange (NSE) dipped by N48 billion.
Basel Committee calls for higher Tier 1 capital for banks
Basel Committee on Banking Supervision, which comprise Central Bank Governors and Head of Banking Supervision units around the world, has called for higher levels and quality of Tier 1 capital for banks.
AfDB approves $1m technical assistance grant for AB Microfinance in Nigeria
Japan and the African Development Bank (AfDB) have approved a grant of $1m to AB Microfinance Bank of Nigeria (AB MFB) from the Fund for African Private Sector Assistance (FAPA).
