NPA plans restructuring of Ikorodu Lighter Terminal for Agric export
The Nigerian Ports Authority (NPA) has revealed its readiness to restructure Ikorodu Lighter Terminal as part of measures to ensure its effective utilization. Explaining issues during a recent inspection of the terminal, NPA’s Board chairman, Emmanuel Adesoye, described the facility…
Eko Atlantic Nigeria’s pride in driving volume FDI
Emerging floating city of the World, the Eko Atlantic City, has been adjudged as the highest driver of Foreign Direct Investments (FDIs) to Nigeria in the last few years. The city, popularly referred to as the most rising smart city…
Fitch Rates Access Bank’s Senior Notes ‘B’
Global banking rating group, Fitch Ratings has assigned Nigeria-based Access Bank Plc’s (Access) issue of USD300m 10.5% senior unsecured notes due 2021 a ‘B’ rating. The Recovery Rating is ‘RR4’, which denotes average recovery prospects given default. The notes were…
UBA hits double at Finacle Awards
United Bank for Africa Plc has received global recognition for using cutting-edge technology to provide simple and convenient banking services to its customers. The lender said it was adjudged winner in two categories at the recently concluded Finacle Client Innovation…
NIPOST may begin banking services soon—FG
Indication has emerged that the federal Government is set to give banking licence to the moribund NIPOST as a way of returning the federal agency to relevance after innovative telecoms services have pushed it out of service. Experts say, NIPOST…
Creditors of Mtel, Nitel bicker over default payment by liquidator
The core creditors of defunct Mtel and Nitel have written a petition to Presidential Advisory Committee Against Corruption (PACAC) and the Financial Reporting Council of Nigeria (FRCN) expressing worry over the way and manner the liquidator is handling their repayment…
FG, private sector partnering to fight Cybercrimes—Minister
As new prospects and emerging trends in cyber security is on the increase globally, the Minister of Communications, Barrister Adebayo Shittu has expressed the readiness of the Ministry to partner with agencies to catalyze and develop world-class human and institutional…
We are not guilty of illegal dividends transfer—MTN
MTN Group in a quarterly update to shareholders made available to journalists yesterday, has again noted that it was not guilty of the latest allegation of illegal dividend repatriation leveled against it by the Nigerian Senate, stressing the claims were…
60% drop in fuel import coming in 2018 –FG
The Federal Government has announced plans to reduce its level of fuel imports by 60 percent by the year 2018. This was revealed by the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, at the ongoing Oil Trading Logistics…
