Nigeria Business News

FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen Inclusiveness

BusinessNews Staff — Wed, 01 Aug 2018 15:47:40 +0000

FCMB Bank (UK) Limited, an independently incorporated subsidiary of First City Monument Bank Limited (which is a member of FCMB Group Plc), has introduced its Personal and Business banking proposition in London, United Kingdom and Lagos, Nigeria at an impressive ceremony attended by the top echelon of the business community within and from outside the […]

FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen Inclusiveness

The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First Bank

BusinessNews Staff — Tue, 26 Jun 2018 16:52:45 +0000

On June 25, 2018 I woke up to yet another social media trend – a news story with the bold and quite salacious headline “How Safe Are Customer Deposits At FCMB?” had taken over the digital airwaves. Between the shares and likes and comments, a storm in a cup had brewed to great proportions in […]

The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First Bank

FCMB attains ISO Certification for Quality Management

BusinessNews Staff — Wed, 16 May 2018 17:28:29 +0000

Leading financial services provider, First City Monument Bank (FCMB), has been awarded the prestigious International Organisation for Standardisation (ISO) 9001:2015 certificate for Quality Management System. The Bank was presented with the certificate by the Standards Organisation of Nigeria (SON), following a comprehensive audit and evaluation exercise conducted by the Organisation. The exercise covered departments and […]

FCMB attains ISO Certification for Quality Management

Over 1,000 firms bid for 2017 railway projects

BusinessNews Staff — Fri, 20 Oct 2017 01:11:00 +0000

Over 1000 companies expressed interest in 17 categories of projects for the 2017 capital projects of the Nigerian Railway Corporation (NRC). The Managing Director of the NRC, Engr. Fidet Okhiria disclosed this on Tuesday while declaring open the process for the opening of bids for the projects. The formal opening of bids held at the […]

Over 1,000 firms bid for 2017 railway projects

NAICOM moves to enforce compulsory insurance of public buildings

BusinessNews Staff — Thu, 19 Oct 2017 23:10:02 +0000

To drive the enforcement of the compulsory insurance of public buildings across the country, The National Insurance Commission (NAICOM) in Abuja has inaugurated a technical committee. The committee was inaugurated by NAICOM’s Commissioner for Insurance, Mr Mohammed Kari, and it has membership drawn from NAICOM, the Federal Fire Service (FFS) from all the zones and […]

NAICOM moves to enforce compulsory insurance of public buildings

Reps ask NPA to reverse termination of agreement with Intels

BusinessNews Staff — Thu, 19 Oct 2017 02:06:18 +0000

The House of Representatives yesterday waded into the ongoing controversy between the Nigeria Ports Authority (NPA) and Intels Nigeria Limited. The House, while adopting a motion by Rep Diri Douye (PDP, Bayelsa), resolved to constitute an ad hoc panel to probe the circumstances that led to NPA’s decision to terminate an existing contract between it […]

Reps ask NPA to reverse termination of agreement with Intels

SEC suspends Oando shares from stock market

BusinessNews Staff — Thu, 19 Oct 2017 02:04:35 +0000

The Securities and Exchange Commission has ordered the Nigerian Stock Exchange to suspend trading on the shares of Oando Plc. The commission said in a circular yesterday it had carried out a comprehensive review of the petitions by Alhaji Dahiru Barau Mangal and Ansbury Incorporated and made the following findings amongst others; Breach of the […]

SEC suspends Oando shares from stock market

Fossil fuel demand to by 25% by 2040 – OPEC

BusinessNews Staff — Wed, 18 Oct 2017 23:26:36 +0000

Fossil fuel demand will reduce by nearly 25 percent in the next two decades, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo has said. Speaking at the SPE Kuwait Oil & Gas Show and Conference in Kuwait City, yesterday, Barkindo however said fossil fuels will remain a dominant in […]

Fossil fuel demand to by 25% by 2040 – OPEC

Abuja DisCo meters 88,000 customers, targets 120,000 by December

BusinessNews Staff — Wed, 18 Oct 2017 03:39:21 +0000

The Managing Director of Abuja Electricity Distribution Company (AEDC), Ernest Mupwaya said his company has installed 88,000 meters and would install 120,000 units by December 2017 to tackle complaints on estimated billing. upwaya said this at the opening of a two day workshop on energy theft for judges within the Federal Capital Territory (FCT). He […]

Abuja DisCo meters 88,000 customers, targets 120,000 by December

NERC delays electricity tariff review for fourth time

BusinessNews Staff — Tue, 17 Oct 2017 23:33:38 +0000

The implementation of the Multi-Year Tariff Order (MYTO) framework for electricity pricing has again been delayed for the fourth minor review which occurs every six months. Daily Trust reports that the tariff which should now be at an average of N51 per kilowatt hour (kWh) is still at N31.8 as the implementation of the reviews […]

NERC delays electricity tariff review for fourth time