archiveJuly 2016

ENL Consortium, the operator of Terminals C and D at the Lagos Port Complex in Apapa –has disowned dockworkers who staged a protest at the Nigerian Ports Authority (NPA) Headquarters in Marina, Lagos over their severance benefits yesterday. The Legal Adviser of the company, Barrister Uzamot Boye, said that at...

Barely a week after winning the 2016 Euromoney “Best Bank Transformation” Award in London, Access Bank Plc has just received the award for the “Outstanding Business Sustainability” in the 2016 Karlsruhe Sustainable Finance Awards in Germany. The award, presented to the Bank in Karlsruhe, Germany’s most sustainable city, recognizes the...

In a renewed effort to mobilize and empower facility managers with knowledge acquisition at all levels, the Nigeria chapter of International Facility Management Association (IFMA) marked the 2016 World Facility Management Day with a public lecture. The theme of the programme held at the Freedom Park, Lagos was “Empowering People...

Investors in equities on the Nigerian Stock Exchange (NSE) began trading week today with a loss of N25 billion as the market Capitalisation which began the week at N9.893 trillion closed at N9.868 trillion even as the All-Share Index came down from 28,805.45 basis points with which it left the...

Oando Plc Nigeria’s leading indigenous  energy  group  listed  on  both  the  Nigerian  and  Johannesburg  Stock  Exchanges, has issued a profit warning to its shareholders that it expects to report materially lower earnings for the second quarter of 2016. The company, according to its Head, Investor Relations,  Tokunboh Akindele ,  in...

Annual inflation in the country accelerated to 16.5 percent in June from 15.6 per cent in May, data by the National Bureau of Statistics (NBS) showed on Monday. This is highest in almost a decade and the fifth monthly increase in a row, as the nation’s economic challenges deepen. According...

The Zenith Bank Plc has cleared the air on the claim by the Governor of Ekiti State, Ayodele Fayose that the bank was responsible for funding his governorship election in the state. Zenith Bank, in the information sent to the Nigerian Stock Exchange (NSE) today on the issue and which...

The Board of Directors of Nigerian Breweries Plc has declared revenue of N157.37 billion for the first half of 2016. The unaudited and provisional results released to The Nigerian Stock Exchange show that the amount represents a 4 per cent increase over the N151.67 billion declared in the corresponding period...

The Joint Admissions and Matriculation Board (JAMB) has said that the recent lists forwarded to various tertiary institutions in the country was for candidates that qualified for screening based on institutions’ capacity. The board’s Registrar, Prof. Dibu Ojerinde, made the clarification on Sunday in a statement in Lagos. According to...

Nigeria and five other developing countries are losing as much as 67 per cent of their exports worth billions of dollars to trade misinvoicing in primary commodities, according to a fresh study by UNCTAD, which for the first time analyses this issue for specific commodities and countries. Other developing countries...