All posts tagged "headline"

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  Shell shuts in 40,000bpd crude oil production

  Shell Petroleum Development Company of Nigeria Limited (SPDC) has suspended crude oil production at the EA field for repair of the Soft Yoke Mooring Platform (SYMP), which connects the Floating Production Storage and Offloading (FPSO) vessel, code-named...

  • Posted June 14, 2014
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  Aviation to contribute $168.7bn to Africa GDP by 2032

  With increase in socio economic activities in the African continent, it has been projected that by 2032 air transport would be contributing $168.7 billion to the region’s GDP. Nigeria, with the strongest economy in the continent and...

  • Posted June 14, 2014
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  CBN orders banks to refund excess charges

  The Central Bank of Nigeria has ordered Deposit Money Banks to refund illegal fees charged customers over a period of one year. The order, contained in a circular dated June 12, was signed by the Director, Financial...

  • Posted June 14, 2014
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  SEC approves AfDB’s N160bn medium term note programme

  The African Development Bank’s (AfDB’s) application to establish a N160 billion Medium Term Note Programme in the Nigerian capital market has been approved by the Securities and Exchange Commission (SEC) of Nigeria. The AfDB is being advised...

  • Posted June 14, 2014
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  NDIC mulls insurance coverage for mobile banking

  The Nigeria Deposit Insurance Corporation (NDIC) has said it is considering extending deposit insurance coverage to mobile banking subscribers between N200, 000 and N500,000. Alternatively, the NDIC said in a situation where a bank fails, the insured...

  • Posted June 14, 2014
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  Banks lose 2.4% of revenue to fraud

  The Deputy Governor, Financial Systems Stability, Mr. Adebayo Adelabu, on Thursday said 2.4 per cent of banking revenue was lost to fraud cases. Adelabu said the 2013 Global Fraud Report showed that Africa had the highest regional...

  • Posted June 14, 2014
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  Funding for power transmission infrastructure hits $2.55bn

  The Federal Government has said the $2.55bn sourced from local and international organisations has been earmarked for the revamping of power transmission infrastructure. This is coming as the Deposit Money Banks in the country have expressed fears...

  • Posted June 14, 2014
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  NPA bars vessels without ISPS Code from seaports

  The Nigerian Ports Authority says it will no longer allow vessels which have no International Ships and Port Facility Security requirement to berth at the nation’s seaports. This is contained in a statement by the Managing Director...

  • Posted June 14, 2014
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  Akwa Ibom acquires land for seaport

  Gov. Godswill Akpabio of Akwa Ibom State, on Friday said they had acquired 9,400 hectares of land for the construction of the proposed Ibaka Deep Seaport. Akpabio made this known while speaking to newsmen in Abuja. According...

  • Posted June 14, 2014
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  Railway Workers Union gets new Secretary General

  The flagship of vibrant trade unionism in Nigeria, Nigeria Union of Railway Workers (NUR) has appointed Comrade Timothy Olusegun Esan as its new Secretary General. He takes over from Comrade Martins A. Akinyanju who has gone on...

  • Posted June 14, 2014
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