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Monthly Archives: April 2017

SOAN confused, lacks courage to pressure NIMASA for disbursement of CVFF—Observers

Stakeholders in the nation’s shipping industry have decried the high level of sycophancy being displaced by the leadership of Ship Owners Association of Nigeria (SOAN) following the congratulatory message it sent to Dr. Dakuku Peterside, the Director General of the Nigerian Maritime Administration and safety Agency (NIMASA) over his charimanship of African Maritime body. Peterside was recently announced as the ...

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NEITI begins review of oil earnings from 2015 to 2016 to trace unremitted funds


As part of consolidated moves to track oil earnings diverted in the process of oil exploration in Nigeria between 2015 and 2016, the Nigeria Extractive Industries Transparency Initiative (NEITI), on Thursday gave indication of reviewing the audit of the oil and gas sector. Apart from arguing that the audit was in line with the principles and standards of the global ...

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ATCON @ AGM, seeks removal of ICT equipments from 41 items restricted in forex access


The Association of Telecoms Companies of Nigeria (ATCON) has traced the observed drop in the level investments in the telecoms sector to the prevailing restriction of forex access to some basic equipment needed in the development of the sector. The group said most of the items needed for the industry are contained in the 41 items currently banned from access ...

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Experts that can detect, protect and respond to cyber attacks limited in Nigeria—KPMG

KPMG Consulting

That Nigeria as a country is under serious threats of cyber attacks is no more news, but the major problem according to the Director, Technological Advisory, KPMG, John Anyanwu, is that skilled people who could detect, protect and respond to cyber security threats was small in number at the moment. Explaining issues at a press conference in Lagos, he said ...

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BEEC felicitates with NCC, Danbatta over BPSR rating, hails leadership direction

NCC Danbatta

More bodies and prestigious agencies have continued to congratulate the Nigerian Communications Commission (NCC) on the recent honour and world class rating received from the Bureau of Public Service Reforms (BPRS). Only recently, the Business Education Examinations Council (BEEC) has congratulated the Nigerian Communications Commission (NCC) on the recent platinum rating the regulatory body received from the Bureau of Public ...

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S/East loses out if NASS approves Buhari’s $6.4 billion China, W/Bank loans

Buhari in office

Analysts have started giving analogy of how the South Eastern states will become worst losers by joining in paying for a loan that did not add any value to their lives if the presidency finally secures National Assembly approval to take about $6.4 billion dollar loans from the World Bank and China to fund railway infrastructure. This is so because ...

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States’ debt profile jumps to N2.9trn, Lagos, Delta, Akwa Ibom lead. Anambra lowest

DMO Logo

Details form the Debt Management Office (DMO) has shown that as at December 31, 2016, the total domestic debt profile of the 36 states of the federation stood at N2.958 trillion Lagos State is leading the pack with about 10.5 per cent of the total debt which is N311.755 billion, followed by Delta State which has a domestic debt profile ...

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Fidelity Bank leads in disbursement of CBN’s SMEs funds, gives out N2.2bn

Fidelity wins award

Statistics made available to Business Hilights has shown that Fidelity Bank has so far disbursed N2.2 billion to operators of Small and Medium Enterprises (SMEs) out of the N220 billion earmarked for the sub sector by the Central Bank of Nigeria (CBN). Managing Director of the lender, Mr. Nnamdi Okonkwo gave the figures in Lagos during its radio programme, tagged: ...

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FCMB commences eye surgeries in 3 states tagged; ‘Priceless Gift of Sight’

FCMB Balogun

Leading money deposit bank, First City Monument Bank (FCMB)’s has commenced its yearly sponsorship of free eye screening and cataract surgery programme known as, Priceless Gift of Sight, has commenced in Kebbi, Cross Rivers and Imo states. The Corporate Social Responsibility (CSR) initiative, according to the bank involves eye screening tests, full ophthalmic medical examination, eye surgeries, provision of free ...

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London Stock Exchange Group renews partnership for growth at NSE, pledges more

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