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Dredging of River Niger to  commence by July ending —NIWA

Dredging of River Niger to commence by July ending —NIWA

The dredging of the lower part    of River Niger will commence   by the end of July as against the earlier date of July 7, according to Mike Dike, General Manger, Engineering, National Inland Waterways Authority, NIWA.Dike disclosed on Tuesday in Lokoja that survey and other pre-dredging activities were currently going on along the portion of […]

De-Lords Securities sues Access Bank over N1.5bn margin facility

De-Lords Securities sues Access Bank over N1.5bn margin facility

By Dotun Ibiwoye The effect of the meltdown in the capital market is gradually   surfacing, despite the return of the bullish trend in the market,   as a stockbroking firm, De-Lords Securities Limited has dragged Access Bank Plc to court for alleged breach of contract over a N1.5 billion margin facility granted it by the bank.

Equity trading on NSE dips by 30%

Equity trading on NSE dips by 30%

Michael Eboh A lull was recorded in equity trading on the Nigerian Stock Exchange (NSE), Monday, as trading on the shares of listed equities dipped by 29.6 per cent. Particularly, a turnover of 355.9 million shares valued at N2.95 billion was recorded in 11,058 deals in contrast to Friday’s turnover of 505.52 million shares valued […]

Cabotage: Slok partners Diamond bank on vessel acquisition

Cabotage: Slok partners Diamond bank on vessel acquisition

By Godfrey Bivbere The number of vessels in the nation’s fleet has been boosted with eight new additional ships recently acquired by Slok Nigeria Limited own by the immediate past Governor of Abia State, Chief Orji Uzor Kalu, in partnership with Diamond bank. The bank provided the company about N30,680,000.00 (US$260Million) with which it acquired […]

Etisalat introduces 9jillions promo

Etisalat introduces 9jillions promo

By Princewill Ekwujuru For 90 days, two phones will be given away every hour, even as a grand prize winner will be rewarded with $1 million, courtesy the 9jillion promo embarked upon by Etisalat Nigeria network. Steven Evans, Chief Executive Officer, Etisalat Nigeria  revealed  at the press conference to announce its rollout plans, said  the […]