Unclaimed dividend: Obong urges collaboration between operators, registrars

August 25, 2021 Amaka Ifeakandu 0

The Managing Director/Chief Executive Officer of Africa Prudential Plc, Obong Idiong has said that collaboration between Registrars and Capital Market Operators would help to reduce the high cases of Unclaimed Dividends in Nigeria. Idiong, made this statement at WebTV while providing views on addressing the tide of unclaimed dividends in Nigeria He said that a market-led approach would reduce the Read More

Excitement as Titan Trust Bank opens Apapa, Lagos branch

August 23, 2021 Bode Olagoke 0

Titan Trust Bank Limited has announced the opening of its state-of-the-art branch located at 17, Burma Road, Apapa, Lagos for commercial operations. A statement by the lender said the development is in furtherance of its efforts to offer customers endearing experience. The lender further noted that the new branch provides a full suite of banking products and services for retail Read More


BEDC electricity spend N8.5bn monthly for power purchase

August 20, 2021 Patrick Ahanor, 0

The management of BEDC electricity has decried customers indebtedness to the company,  saying  that only one out of two customers pay their bills. The company said it has begun a Debt Rescheduling Scheme for customers in its franchise states of Edo, Ondo, Ekiti and Delta,  adding that the scheme  offers consumers discount; raging from 5 to 25 percent payment ,with Read More

Underwriters intensify awareness with new retail strategy

August 13, 2021 Admin III 0

Underwriters have keyed into the market development and restructuring initiative (MDRI) to rewrite and create more awareness on the relevance of insurance to the economy. Stating this in a paper delivered at the launch of a new office in Ogun state, the Managing Director/Chief Executive Officer, African Alliance Insurance Plc, Joyce Ojemudia, restated the importance of viable retail presence in Read More

Minister restates FG’s support to “legitimate” miners

August 12, 2021 Ayoni M. Agbabiaka 0

Minister of Mines and Steel Development Arc. Olamilekan Adegbite has reiterated the Ministry’s readiness to collaborate and support legitimate entrepreneurs in the mineral sector. He said that such companies add values to the economy and create employment for the teaming Nigerian youths. Adegbite stated this while on a working visit to ZEBERCED Limited Quarry, along Arab Road, Kubwa, Abuja, to Read More

Ecobank partners IFC on gender equality

August 8, 2021 Blessing Anaro 0

Ecobank Nigeria has entered into partnership with the International Finance Corporation (IFC) and The Nigerian Exchange Limited (NGX) on the ‘The Nigeria2Equal gender program’ targeted at reducing gender aps across employment and entrepreneurship in the Nigerian private sector. The program is the first multi-stakeholder country project focused on ensuring equality within Nigerian companies. It is organized in three components i.e. Read More

BUA donates 150 tonnes of cement to 70 host communities

August 5, 2021 Sidi A. Umar 0

As part of its corporate responsibility, the BUA Cement in Sokoto has donated 150 tonnes of cement worth N10 million to its 70 host communities. Speaking while presenting the commodity, the Managing Director of the company, Alhaji Yusuf Haliru Binji said the gesture was aimed at supporting the communities to rehabilitate drainages, mosques, culverts cemeteries, especially during this wet season Read More

NEDC and the wave of transparency

August 4, 2021 Ali Ahmed 0

The North East Development Commission has been in the news in recent times. And this time around, it is the commendation from the House of Representatives to the management of the North East Development Commission for their due diligence in the execution of projects. This commendation came after the conclusion of investigations by the House of Representatives over allegations of Read More

GTBank appoints Mariam Olusanya as new MD

July 15, 2021 Segun Odunewu 0

Guaranty Trust Bank has announced the appointment of Mariam Olusanya as Managing Director. This is according to a notice signed by the company’s secretary, Erhi Obebeduo, and sent to the Nigerian Exchange Group Limited (NGX). Olusanya used to be in charge of the Wholesale Banking Division of GTBank, which comprises the Asset and Liability Management, Trading and Sales as well Read More

NBC, Rite Foods suit resumes Sept 22

July 14, 2021 Suleiman Idris 0

A Federal High Court in Lagos has adjourned till September 22, proceedings in the suit between Nigerian Bottling Company (NBC) Ltd and Rite Foods Ltd. In the suit, marked FHC/L/CS/92/2021, both firms are locked in battle over alleged similarities or not between the logos of their energy drinks. Rite Foods had instituted a legal action against the NBC on February Read More

FCMB appoints new MD as Nuru bows out

July 13, 2021 Blessing Anaro 0

The Board of Directors of FCMB Group Plc have announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited. According to the bank in a statement on Tuesday, the announcement is subsequent to the end of service of the bank’s former Managing Director, Adam Nuru.  The statement further reads, “The Board had earlier Read More

NEDC donates Covid -19, infectious disease lab to Taraba

July 13, 2021 Andrew Ojih,​. 0

The North East Development Commission (NEDC) on Tuesday donated a Covid -19 and infectious disease laboratory to Taraba state government.  The managing director of the commission,​ Alhaji Mohammed Alkali, while donating the items said that the laboratory was to reduce avoidable complications associated with delayed diagnosis and treatment of the Covid-19 disease. Alkali, during the handing over of the facility Read More

Enugu: SEDI staff mourn slain MD

July 12, 2021 Chuks Nweze 0

Touched by the gruesome death of their former boss, staff of the Scientific Equipment Development Institute (SEDI) Enugu have declared a two-day mourning for the slain Managing Director, Prof. Samuel Ndubisi. Ndubisi was murdered in broad daylight last Wednesday. He was accosted in his official car at Enugu-Port Harcourt Expressway by hoodlums suspected to be assassins who shot and killed Read More

Breaking: Top government official assasinated in Enugu (PICTURES)

July 7, 2021 Admin III 0

The Managing Director and Chief Executive Officer of the Scientific Equipment Development Institute (SEDI), Enugu, Prof Samuel Ndubisi, was on Wednesday assassinated along Enugu-Portharcourt road.      A Facebook user shared pictures of the ugly incident which happened on Wednesday afternoon at centenary City junction before Amaechi flyover.  As at the time of filling this report, no official statement government has Read More

Farmers to get 50% insurance subsidy from NAIC

The Nigerian Agricultural Insurance Corporation (NAIC) has offered 50 per cent insurance subsidy to farmers to help them insure their produce. The Managing Director of NAIC, Mrs Folashade Joseph, who disclosed this explained that the NAIC Act Cap. N89, Laws of the Federation of Nigeria empowers NAIC to underwrite agricultural risks and subsidise the premium chargeable on some categories of Read More

NEPZA seeks pacts with NSC to jerk FG’s non-oil sector deliverable

July 5, 2021 Baba Yusuf 0

The Nigeria Export Processing Zones Authority (NEPZA) has disclosed that it was ready to open multiple partnerships with the Nigerian Shippers Council (NSC) to significantly scale up the federal government’s non-oil sector deliverables. The NEPZA managing director, Prof. Adesoji Adesugba, stated this Sunday in a congratulatory message to the NSC executive secretary, Mr. Emmanuel Jime, whose appointment was approved by Read More

FCT PHC board urges residents on Covid-19 vaccination before July 5

July 2, 2021 Ene Oshaba 0

The acting Executive Secretary (ES) of the Federal Capital Territory (FCT) Primary Health Care (PHC) Board, Dr. Iwot Ndaeyo, has called on residents to turn out for the ongoing Covid19 vaccination. He said that most of the vaccines will no longer be useful after July 5th when the first batch of the vaccination exercise will end. Ndaeyo made the call Thursday in Read More

Regulating FinTech sector seen as clampdown on corporate innovation–Rewane

June 27, 2021 Amaka Ifeakandu 0

Managing Director Financial Derivative Company, Bismarck Rewane has said that regulatory oversight for the Nigerian FinTech sector has been viewed as a clampdown on corporate innovation and fraught with hostility. Rewane who made this statement while reviewing the economy for the month of June said that this is mainly driven by the trust deficit between the regulatory bodies and the Read More

Ecobank Celebrates MSME Week, proposes cutting edge solutions

June 24, 2021 Blessing Anaro 0

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has restated the Bank’s unwavering commitment to supporting and sustaining the development of Micro, Small and Medium Enterprises (MSMEs) in all sectors of the economy. In his message to the celebration of this year MSME week, Akinwuntan said he was impressed with the attention being extended to the subsector by both government and Read More

SAHCO promises shareholders bountiful returns

June 23, 2021 Amaka Ifeakandu 0

Skyway Aviation Handling Company Plc (SAHCO) has assured shareholders of enhanced returns on their investments in the coming year. The Chairman, SAHCO, Dr Taiwo Afolabi, who gave the assurance in Lagos at the company’s 11th Annual General Meeting (AGM) said that the company would continue with its drive of becoming one of the leading ground handling companies in Africa in Read More