The Nigerian National Petroleum Corporation (NNPC) has asked the National Assembly to enact laws that will criminalise pipeline vandalization in the country.
The Corporation implored the lawmakers to use the consideration of the Petroleum Industry Bill currently before it to give thought to the laws against vandalism.
Levi Ajuonuma, group public affairs manager of the NNPC, who
Oceanic Bank International Plc in its debt recovery drive has recovered over N9 billion from debtors in the last two weeks.
John Aboh, Managing Director of the bank attributed the success recorded to the strategy employed by the new bank management in collaboration with the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), as well as the State Security
Governor of Central Bank of Nigeria, CBN, Mallam Sanusi Lamido Sanusi, Governor of Central Bank of Nigeria, CBN has said that the apex bank would have no option than to print more naira to save more ailing banks in the country.
The CBN governor reiterated that the on-going debt recovery efforts in these banks were to ensure that depositors and the banking industry were strengthened and
Nebolisa Arah, Group Managing Director/CEO of Afribank Nigeria Plc has said top on the bank’s priority list are debt recovery, stabilization, confidence building and improvement processes.
Arah noted further that the new team will work on the business continuity plan along with the staff in order to ensure the smooth operations of the bank.
“The task ahead of us is clear. All of
House of Representatives has described President Olusegun Obasanjo administration’s ‘oil for infrastructure policy’ as ruse, stating that there were no infrastructural developments in line with the desired objectives of the programme.
The knock came as the House also commended President Umaru Yar’Adua for his consistency with due process, noting that the present government has also
An alternative power solutions for communication and lighting has been introduced into the Nigerian market as part of measures to curb the menace of power outage in the country, especially in rural and remote areas,
The product, which is known as Renewit, comes in different ranges such as Sunstorm solar charger, sunstorm solar hat, sunstorm powerlock, sunstorm booklight, and sunstorm
Coal, a combustible black or brownish-black sedimentary rock composed mostly of carbon and hydrocarbons holds possible answer to Nigeria’s energy problems and can generate to 4,000 megawatts of electricity, Senior Staff Association of Electricity and Allied Companies (SSAEAC) has said.
The association has therefore called on the Federal Government to consider the use of coal that is one
Afren has extended its indigenous partnership in Nigeria with Oriental and formed its first Nigerian partnership with Addax Petroleum, to jointly develop the Okwok Field .
Under the terms of the farm-in agreement with Addax Petroleum, Afren as Technical Advisor, will acquire a 28 percent legal interest and an effective 70 percent economic interest (pre cost recovery), reverting to 56
In line with its global expansion initiative, Access Bank Plc has opened a subsidiary in Ghana after an approval by the Bank of Ghana (BOG) and the bank’s fulfillment of all regulatory requirements under the banking act of Ghana.
A statement by the bank said the development affirms the bank’s commitment to the socio economic development of the continent through intelligent expansion
Emeka Onwuka, group managing director and chief executive officer of Diamond Bank Plc has reassured of the bank’s commitment to remain customer-centric in its financial service delivery, as he urged its numerous customers to take advantage of the bank’s life changing bouquet of products
Onwuka, speaking at the bank’s customer forum said the increase in the bank’s product offerings
Intercontinental Bank Plc has launched the Intercontinental Bank-Enugu State scholarship scheme in continuation of its nationwide corporate social responsibility projects.
Beneficiaries under the scheme who are indigenes of the state in tertiary institutions across the country are each entitled to N50,000 per annum. At the full cycle of the scheme the bank would be spending about
John Aboh, chief executive officer, Oceanic Bank International Plc has expressed his appreciation to the bank’s customers for keeping faith with it in the face of recent developments in the banking industry.
He said the management of the bank was impressed with the loyalty and confidence by customers, expressing “we are indeed happy that our customers did not engage in any panic measure
First City Monument Bank (FCMB) Plc has begun the replacement of the Magnetic-Stripe ATM Debit cards used for many electronic banking services at its various Automated Teller Machines (ATMs) and Point of Sale (POS) terminals with a more secure and reliable Chip & PIN ATM Debit card.
In line with the Central Bank of Nigeria’s directive for all banks to commence the issuance of the
Babatunde Fashola, Lagos State governor last week commissioned a Skills Acquisition Centre and the State’s first Drivers’ Institute both in Ikorodu declaring that his administration will continue to expand the frontiers of opportunity in the State.
The Skill Acquisition Centre, which is located on Borokini Street, Aga, in Ikorodu Local Government Area is the largest and the first of
Oluwarotimi O. Akeredolu (SAN), president of Nigeria Bar Association has said that the recent sack of five top Bank Executives by the Central Bank of Nigeria has continued to generate comments in the country. He expressed that while the NBA has commended the move by the governor of the apex bank to sanitise the banking system the body notes that not a few Nigerians have expressed their
Mrs. Farida Waziri, chairman , Economic and Financial Crimes Commission (EFCC0, has warned that the anti-graft agency that the dispute over amounts owed and figures published by the Central Bank of Nigeria will not be taken as an excuse from bank debtors for failure to pay at the expiration of a seven day ultimatum given by the Commission.
Fielding questions from journalists at the
Gov Peter obi of Anambra State has advised the country to embrace free and fare election as the most credible re-branding that the State needs now
The governor stated this while receiving Pete Edochie, who paid him a courtesy visit at the Government House, Awka.
Obi said that once elections are free and fare, that corruption would have been reduced drastically in the country.
Niyi Ologunleko chief executive officer, Prosellers Nigeria, has said that his company launched an electronic device that will facilitate easy tracking of kidnappers, criminals and oil bunkerers in the country.
He disclosed this in Abuja, while responding to the recent kidnapping of Pete Edochie, a popular Nollywood actor and film maker, by unknown persons in Onitsha, Anambra State.
The Management of the United Bank for Africa (UBA) Plc has restated its commitment to the growth and development of Small and Medium Scale Enterprises (SME’s) in Africa, with a view to stimulating and deepening the economy of the continent.
Gabriel Edgal, managing director/CEO, UBA Ghana Limited made this disclosure in Accra, Ghana at the opening ceremony of the UBA Growing Businesses/
The CRC Credit Bureau Limited has announced the investment status of Oceanic Bank International Plc in the Bureau.
The company said in a statement that the entrant of Oceanic Bank takes the total number of CRC Credit Bureau Limited investors to 13, made up of 12 banks and Dun and Bradstreet, a global leading information and technology provider in the world since 1841.
In continuation of its 20th anniversary celebrations, Intercontinental Bank Plc will kick-start its customer rewards promo draws in Kano on June 30.
Dr. Erastus Akingbola, group chief executive of the bank had said at the various 20th Anniversary Customer Fora of the bank that the 20th Anniversary Promo draws are the bank's way of celebrating its customers and bringing to climax the
Afribank Nigeria Plc has set up a agricultural coordinating office in the Northern Business Directorate to consolidate on its successful agriculture financing to enable it provide high quality financial services and products to farmers and agro-allied businesses in the North.
The Northern Directorate based in Kaduna will supervise agriculture support initiatives and services of the bank
The Federal Inland Revenue Service (FIRS) has threatened to deal with tax evaders, including those sabotaging the implementation of the Nigerian tax system.
Ifueko Omoigui-Okauru, executive chairman of the FIRS, stated this during the public presentation programme for secondary students on tax education pilot project of the FIRS and the Society for Youth Empowerment in Nigeria (SYEN).
Etisalat, Nigeria’s most innovative telecom service provider has announced that it has hit the one million subscriber mark.
The company has achieved this feat in less than one year of its operations in Nigeria’s highly competitive telecommunications country.
Mr. Steven Evans, Etisalat’s chief executive officer, noted that the achievement in a short period of commercial operation
Customers of Equitorial Trust Bank have commended the bank for its MoneyGram Redshops expansion policy that would see it operating from all its branches nationwide before the end of this year.
The ETB MoneyGram Redshop is dedicated exclusively to the provision of qualitative international money transfer business and operates 11 MoneyGram Redshops, the largest by any MoneyGram agent bank
Alhaji Abubakar Mohammed, chairman of the Technical Management Board on Nigerian Telecommunications Plc (Nitel), has tasked the staff of Nitel and its mobile arm, M-tel, to ensure that the telecommunications giant is up and running again as a going concern.
This was made public in a statement signed by Chigbo Anichebe, head, Public Communications of the Bureau of Public Enterprises (
Nigeria Bottling Company Plc has emphasized its commitment to the long term development of human capital in Nigeria through its staff training and skills acquisition programmes.
Ambassador Olusegun Apata, NBC chairman while speaking at the 57th Annual General Meeting of the company in Lagos recently stated that the company has continued its huge investment into staff development. “
Christopher Anyanwu, director general of the Bureau of Public Enterprises (BPE), has called for appropriate legislation to protect the automobile industry in Nigeria.
He made the remarks through Samuel John Agbogun , the agency's director of Post-Privatisation Monitoring (PPM), , when members of the House of Representatives Committee on Privatisation visited Steyr Nigeria Limited,
Abuja Cooperative Federation (ABCOF) has registered over 8,000 Cooperative Societies of different economic backgrounds in the Federal Capital Territory Abuja (FCTA) out of which number, 46 percent are involved in agricultural and agro-allied businesses.
ABCOF which is the regulatory body of all Cooperative Societies in the FCT further revealed that it has constituted a disciplinary
Otunba Olusegun Runsewe, director general of the Nigerian Tourism Development Corporation (NTDC) has said that until tourism is improved in Nigeria with the use of technological advancement, it will not generate huge revenue for the nation like it does in some other countries.
The DG stated this in Abuja during the unveiling of the navigational phone map.
He explained that