Banks’ mute on Senate’s drive to investigate illegal charges, deductions
Barely 24 hours after the Senate resolved to conduct an investigation into the spate of illegal charges and deductions from accounts of their customers by commercial banks, many of the banks contacted for comments declined. One of the commercial banks’…
MainOne Data Center, MDXI, on 100% power uptime availability—Adegbiji
Contrary to news making the rounds that Nigerian Data centres suffer downtimes due to electricity crisis, the General Manager of the MainOne Data Center subsidiary, MDXI, Mr. Gbenga Adegbiji has said that the MDXI data center is achieving almost 100%…
FG yet to fix key indices determining ease of doing business—STOAN boss
Contrary to claims by the federal government that ease of doing business in Nigeria is rising exponentially as MDAs have stepped up service seamlessness, the Chairman of Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup has said that…
Anxiety over Abacha loot, others recovery as US, Switzerland lead in 2018 FS Index
The rise in Switzerland, United States and the Cayman Islands ratings in Financial Secrecy Index (FSI) published by the respected Tax Justice Network for 2018 has created anxiety over the chances of accessing loots starched away by former military junta,…
Access Bank ups CSR, pledges new male hostel, Zik’s Flats renovation at UNN
The Group Managing Director of Access bank Plc., Mr. Herbert Wigwe has promised to build a new male hostel for the students of University of Nigeria, Nsukka (UNN). The bank also pledged to renovate the dilapidated Zik’s flats to help…
National carrier on shipping, airline may elude Nigeria, stakeholders warn
Stakeholders in both shipping and airline industries have called for more explanation from the Minister of Transportation, Rotimi Amaechi over recent comments made by the Minister of State for Aviation, Hadi Sirika, that Nigeria would soon have a full private…
NIMASA: US Coast Guard satisfied with compliance level of Nigeria’s ISPS code
The United States Coast Guard (USCG) has expressed satisfaction at the compliance level of Nigeria with the International Ships and Ports Security (ISPS) facility Code at the nation’s ports. A delegation from the USCG led by Lt. Commander Jacob Hopper…
C’River, Ebonyi beg for oil exploration as insecurity hampers search in North
Opinion leaders in South East have continued to call on the federal government to start exploration of several discovered oil wells in parts of Anambra and Ebonyi States for the economic development of the nation. Some of the oil wells…
$24b lost in 6 years to power outages stifling Ghana’s growth—US Amb.
The United States (US) Ambassador to Ghana, Mr Robert Jackson, has noted that Ghana lost more than $24 billion in economic growth between 2010 and 2016 as a result of insufficient power supply and outages. Speaking at an interactive session…
Guinness Q2-17/18 results show recovery from 2016 loss, grows profit to N2.9bn
Leading brewing conglomerate has released its Q2-17/18 results, showing sharp recovery from losses of last financial year. The result revealed net profit of NGN2.09 billion (vs. NGN2.44 billion loss last year), driven by (1) continued revenue growth, (2) better margin,…
