Yemisi Izuora President Muhammadu Buhari has sought understanding of state governments to ensure payment of outstanding workers’ salaries in their various states, to enable workers happily celebrate the forthcoming Christmas. Gov. Rochas Okorocha of Imo confirmed this development to State House correspondents after a closed door meeting with the President in the Presidential Villa, Abuja. He said workers’ issue took the centre stage during the meeting, saying that the president was so much concerned with those who depended on salaries to feed their families, pay school fees and their house rents. He said President Buhari specifically directed the governors to…
Author: Orientalnews Staff
Yemisi Izuora The FCMB Group Plc has completed the acquisition of an additional 60 per cent equity stake in Legacy Pension Managers Limited. The acquisition, which increased the holding company’s interest in the company from 28.2 per cent to 88.2 per cent, was concluded at the completion board meeting of Legacy Pension last Tuesday, the firm said in a statement. The completion of the transaction followed the approvals of the Central Bank of Nigeria, the National Pension Commission, and the Securities and Exchange Commission. “FCMB Group’s acquisition of Legacy is set to open a new vista of sustained growth for…
Yemisi Izuora Zenith Bank International has set the tone for the 2017 year end by unveiling its Christmas decoration on Ajose Adeogun Street, Victoria Island. The official light-up ceremony by the bank ushers in celebrations and 2017 end-of-year festivities. The Group Managing Director and Chief Executive Officer, Zenith Bank, Mr Peter Amangbo said the decoration is symbolic as it marks a period of reflection and break, after several months of hard work. His words: “We have all worked so hard, since January and as we gradually approach the end of the year, it is important that we take a break,…
Yemisi Izuora Sterling Bank Plc, has won the best company in financial inclusion award at the SERAs CSR Africa 2017 awards held in Lagos. The theme of this year’s edition of the awards is transformational sustainability: From Social Responsibility to Social Impact. The award was received on behalf of the bank by Mr. Olufemi Ojo-Omoniyi, Head, Markets, Liquidity & Sustainability Risk, Sterling Bank. He thanked the organisers of the award for recognizing the efforts of the lender in the financial inclusion space, adding that the bank remains committed to improving access to finance among under-banked and unbanked Nigerian adults. Sterling…
Yemisi Izuora The Minister of Information and Culture, Alhaji Lai Mohammed, has urged the media to fully support the federal governments fight against corruption, saying the fourth estate of the realm cannot afford to sit on the fence as far as the battle to rid the nation of corruption is concerned. Declaring open the 68th General Assembly of the Broadcasting Organizations of Nigeria (BON) in Abuja, the Minister said while the media should not hesitate to criticise the government’s strategy for the war against corruption, when necessary, it should do so without mocking the government. ”In recent times, it is…
Yemisi Izuora AIICO Insurance Plc. has won four of the prestigious Pearl Awards at its award ceremony held on Sundayat Eko Hotel. The company emerged winner in two categories of the awards, the Sectoral Leadership Awards and the Market Excellence Awards. The company complete list is as follows: 1.Sectoral Leadership Award in Financial Services – Insurance Sector 2.Market Excellence Award for Highest Earnings Yield 3.Market Excellence Award for Highest Return on Equity 4.Market Excellence Award for Highest Dividend Cover Additionally, the company was shortlisted for the overall highest Award, the Pearl. The PEARL Awards, an acronym for Performance, Earnings and Returns…
Yemisi Izuora The Skyway Aviation Handling Company limited, SAHCOL has been honoured with the Grassroots Newspapers Publishers Network Award, as “Best Aviation Handling Company of the year 2017.” The award was presented to the Managing Director of SAHCOL, Rizwan Kadri, in his office, by Comrade Ike Abiagom, National Public Relations Officer of the Grassroots Newspaper Publishers Network (GNPN), who represented the National President, Dr. Dan Awana. In a brief speech read on behalf of the National President of the Grassroots Publishers Network, in the presence of the Executive Members of GNPN, Southern Council, and Management staff of SAHCOL, the Publishers…
Yemisi Izuora AKANU Ibiam International Airport, Enugu, has been certified as ready for emergency response any time such challenges occur. The Federal Airports Authority of Nigeria, FAAN, which conducted a mock exercise to test its emergency response capability, said it was satisfied with the response. Oriental News Nigeria recalls that the state Governor Ifeanyi Ugwuanyi last year led other eminent dignitaries of the state to the ceremony marking the landing of the first international cargo aircraft at Akanu Ibiam International Airport, Enugu, courtesy of the Ethiopian Airlines. The exercise which created panic in some passengers, who were not aware that…
Yemisi Izuora Rating agency, FITCH, has assigned the final rating of ‘B+’ to Nigeria’s Debt notes, consisting of USD1.5 billion 6.5 percent senior unsecured notes due November 28, 2027 and USD1.5 billion 7.625 percent senior unsecured notes due November 28, 2047. According to the agency, the final rating replaces the expected rating of ‘B+(EXP)’ that it assigned on the November 15, 2017. On August 31, 2017, the agency affirmed the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. The Long-Term Local-Currency IDR was ‘B+’, also with a Negative Outlook. The agency said the rating is sensitive to…
Yemisi Izuora An indigenous meter manufacturing company, Mojec International Limited, has signed a memorandum of Understanding(MoU) with Kaduna Electric for the supply of Distribution Transformer (DT) Meters. Under the agreement, Mojec International Limited is expected to supply Distribution transformermeters to Kaduna Electric. The managing director of the company, Ms. Chantelle Abdul stated this during the signing ceremony held in Kaduna . She said the intervention by the company became necessary in view of the accountability challenge confronting the energy sector. She described the agreement between it and Kaduna as an epoch that would signal the beginning of new experience for…