Union Bank seeks stakeholders nod for N50bn share sale
Ageless and ever innovative financial group, Union Bank of Nigeria is currently planning to seek shareholder approval next month to raise 50 billion naira ($158.7 million) through a share sale to existing investors. In a notice to shareholders, the lender…
Chukwu traces loss of confidence on naira to FG’s crowded forex initiatives
The chief executive officer of Cowry Asset Management, Mr. Johnson Chukwu has unveiled the reasons behind the steady loss of confidence on naira, saying the trend may continue next year if drastic efforts are not made before the end of…
Singaporean investors target stakes in telecoms spectrum to grow broadband
More facts have come up on why the Singapore Investment Corporation (SIC) embarked on fact-finding mission to Nigeria. Their interest is in spectrum currently being prepared by the Nigerian Communications Commission (NCC) for auctioning. It would be recalled that the…
Poor airport infrastructure, policy inconsistency killing commercial exports
More facts have emerged on why the ongoing diversification campaign by the federal government may not work in the exportation of several local products from airports. Explaining this challenge in an interview, Dr. Segun Musa, the Chairman of the National…
Seat with command structure of N/Delta militants to get results, Expert tells FG
Leading economist and financial consultant, Mr. Johnson Chukwu has advised the federal government to stop avoiding the rainy day and open up meaningful dialogue with the command and control structure of the Niger Delta militants, saying discussing with their elders…
Good governance, corruption war’ll drive new Nigeria – Dr. Peterside
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has identified quality of governance, anti-corruption, institutional integrity, education as well as sound economic policies as factors that can transform a nation to greatness. Dr….
Relief as Aviation unions suspend strike against Caverton Helicopters
The crisis rocking the nation’s aviation sector which took another dimension in the week may have been put under control as aviation trade unions have suspended their industrial action against Caverton Helicopters over alleged anti-labour practices. Mr Olayinka Abioye, General…
W/bank, CBN set up National Collateral Registry to grow MSMEs
The Central Bank of Nigeria (CBN) Thursday began a strategic movement towards easing the business challenges of Micro, Small and Medium Enterprise (MSMEs) sector through the establishment of the National Collateral Registry. This was made public at the end of…
Baru declares crude oil sales, purchase open, assures on fairness
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru said the process for the bid on the sales and purchase of Nigerian crude oil grades will be fair to all stakeholder and participants. Already, over 244…
