Yemisi Izuora The Nigerian Stock Exchange, NSE, and Ciuci Consulting, a leading Strategy and Consumer Intelligence Company are set to launch the Nigeria Business Composite 10 (NiBC 10) which will take place on Tuesday, September 26, 2017 at the Stock Exchange House, Lagos. The NIBC 10 is a selection of 10 successful Nigerian Enterprises who have exhibited high potentials for growth and have over the years maintained a brilliant track record. This landmark event is aimed at celebrating these companies whilst inspiring confidence in the Nigerian society and its potential to produce thriving businesses. Speaking on the initiative, the Acting Head,…
Author: Orientalnews Staff
Yemisi Izuora First Bank Nigeria Limited is concentrating energy toward its set goal of growing its customer base in the next three years. The bank is pursuing an ambitious customer drive to achieve the 30 million customer growth which will put it on edge and remain afloat in the country’s highly competitive financial system.. Managing Director/Chief Executive, FirstBank Limited, Dr.. Adesola Adedutan, last May said the bank had begun implementing a three year strategy that would result in its increasing its customer base to 30million. He said: “The strategy is focused on significantly growing our customer base. We plan on…
The N50bn Rights Issue of Union Bank Plc has opened for subscription today Wednesday September 20 and will close on October 30, 2017. A statement from the bank says the bank offers 12.1 billion Ordinary Shares of 50 kobo each at N4.10 per share, on the basis of five new shares for every seven shares held as at August 21, 2017,. It has already commenced a road show to sensitise shareholders and at the first event held in Enugu last week, its Chief Executive Officer, Emeka Emuwa, was quoted as saying. According to him, “With the commencement of the Rights Issue subscription,…
….Dangote Urges Public To Report Illegal Activities Of Drivers Yemisi Izuora The Nigeria Customs Service (NCS) has seized a truck owned by Dangote Cement with about 3,000 cartons of smuggled frozen poultry valued at over N47 million. NCS Comptroller in Ogun State, Sani Magudu, explained that the driver of the truck with registration number ICT-13E-047 escape, adding that investigation revealed that the frozen poultry products were transported into Nigeria from Benin Republic. He said: “A trailer belonging to Dangote Group loaded with 3,000 cartons of frozen turkey was intercepted on Saturday 16th September,2017 at about 3.45 a.m. along Sagamu-Abeokuta interchange..” According…
Yemisi Izuora The Bank of Industry (BoI) has disbursed loan in excess of N47 billion to support Kaduna State industrialists in the SMEs and MSMEs categories, the Managing Director of the bank, Olukayode Pitan has revealed. Pitan, during a meeting with the Kaduna State governor, Nasir el-Rufai, said the loan facility would create over 84,500 direct and indirect jobs, adding that the funds spanned across various sectors of the state’s economy such as Argo-business, petrochemical and gas, metal fabrication, infrastructure and solid minerals. The BoI managing director listed beneficiaries of the money to include, United Nigerian Textiles Plc, Special Sunrise Plastic, Ashwarina Genera Merchants…
Yemisi Izuora The Securities and Exchange Commission (SEC), said it has taken a decision to withdraw the operating license of Partnership Investment Company Plc and Partnership Securities Limited, and has also banned its managing director Mr. Victor Ogiemwonyi for life from holding directorship positions in any public company in Nigeria for his unprofessional conduct in the Nigerian capital market. The Chairman of the companies, Mr. Henry Omoragbon was also suspended for a period of 5 years from engaging in capital market activities in the Nigerian Capital Market. A statement by the SEC, said , “Pursuant to Section 38 (4) of the Investments and Securities Act 2007 and…
Yemisi Izuora Schneider Electric, the global specialist in energy management and automation, has emphasized the strategic role of innovation in driving and achieving the desired transformations as well as consolidating gains in the power sector. The global giant assured of its strategic commitment to championing innovations and ground-breaking solutions that can enhance the Federal Government’s efforts towards implementing the nation’s power reforms. Speaking at the Power Nigeria 2017 exhibition and conference, Regional Sales Manager for Solar Business, Schneider Electric Nigeria, Mr. Ifeanyi Odoh in a presentation titled Industrial Innovations and Access to Energy said the company would continue to add value and expand the…
…As Egina Projects Set t To Add 200,000bpd To National Production Yemisi Izuora The Nigerian National Petroleum Corporation (NNPC), has promised to accelerate local capacity development in all its operations within the nation’s Oil and Gas industry. NNPC Group Managing Director, Dr. Maikanti Baru, disclosed this while delivering a keynote address during an occasion to mark the Egina Manifold Sail Away celebration in Port Harcourt. In crude oil production, the manifold is the gathering point designed to permit the use of pump-down tools, provide for individual well tests, handle injection of chemicals for inhibition of corrosion as well as provide for…
Yemisi Izuora The Nigeria Accident Investigation Bureau (AIB), has entered into partnership with the International Civil Aviation Organization (ICAO) and the National Transportation Safety Board (NTSB) of the United States of America for a one-week training in accident/incident investigation. The training is expected to build capacity in the aviation sector within the entire West African sub region. The workshop to be facilitated by the two international organizations, seeks to deepen the knowledge, and sharpen the skills of the participants drawn from AIB, Nigerian Civil Aviation Authority (NCAA), domestic airlines and members of the Banjul Accord Group Accident Investigation Agency (BAGAIA). …
Yemisi Izuora The managing director of the Nigerian Airspace Management Agency (NAMA), Capt. FOLAKE Akinkuotu has given the assurance that the agency would continue to ensure that its surveillance system is not compromised to ensure high level aviation security. Akinkuotu who gave the assurance at the just-concluded inaugural International Civil Aviation Organisation (ICAO) Aviation Security Symposium (AVSEC) 2017 in Montreal, Canada, stated that if surveillance system and communication are compromised, it is quite likely that it will impact on safety, adding: “So, even for us in NAMA, security is everybody’s business.” He said: “Nigerian Airspace Management Agency (NAMA) is not directly…