Banks’, payment companies suffered most cyber attacks in 2nd quarter—Report
Fresh report released by leading financial intelligence group, ThreatMetrix, has inferred that commercial banks and emerging payments management companies were most hit by cyber criminals in the second quarter (Q2) of 2017. This was contained in the latest report presented…
Why Fidelity Bank posted 66% profit jump in audited Half Year results
Managing director and chief executive officer of Fidelity Bank Plc., Mr. Nnamdi Okonkwo has linked the impressive performance of the tier 2 lender which jumped to double digits growth in earnings and profits to operational resilience, management discipline and tailored…
FG owes Akwa Ibom over N140bn on completed road projects
The Akwa Ibom State Commissioner of Works, Mr. Ephraim Inyang has decried federal government’s silence over the N140billion debt it owed the state for various federal roads projects it executed in the state. According to him, all efforts made so…
Expect real impact of recession exit in 2019—-PwC
Lead audit firm, the PricewaterhouseCoopers (PwC) Nigeria has given fresh insight that full economic recovery from recession in the country can begin to reflect in 2019, if sustained real sector investment is driven. Analysts at the multinational consulting firm, said…
Amaechi may end up not driving national air or sea carrier before leaving office—Experts
Contrary to earlier hopes and believes, both stakeholders’ in air and sea transportation are beginning to nurse fears of gross failure in the establishment of either a national shipping line or airline before the end of this administration. This, according…
Upon recent amendments, terminal operators still abuse CEMA Act—Amiwero
Indications have emerged showing that sharp practices surrounding waivers are currently compelling importers to abandon goods in ports, a scenario capable of hobbling business activities in the ports. The act is sequel to undermining of Customs and Excise Management Act…
Continental cement merchant, Dangote eyeing South Africa’s cement company
Leading industrialist and emerging continental cement conglomerate investor, Aliko Dangote, has been linked to a fresh move to buy into PPC Group Limited, by way of counteroffers to bid for South Africa’s largest cement company. A credible source in the…
NACCIMA joins league of recession exit doubters, says economic shock looms
Even though many experts and private sector groups are still finding it hard to believe released statistics that the economy attempted a snail growth of 0.55 in the second quarter, some that had little faith, are upbeat that continued dependence…
NERC begins strategic stakeholders’ consultations on way out of Discos funding crisis
Fresh details have emerged revealing that government is now closing in on how best to resolve the intractable funding crisis rocking virtually all the 11 electricity Distribution Companies (Discos) operating in Nigeria. It would be recalled that since the unbundling…
Shell frustrating justice delivery on renewed Ogoni 9 case in Netherlands—AI
Leading global human right watch group, Amnesty International (AI), weekend opened up on what it described as deliberate frustration of the ongoing case on Anglo-Dutch oil giant, Shell bordering on its complicities in the government killing of nine Ogoni leaders…
