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Daily Archives: May 9, 2019

AIMAN Laments Over Non Implementation Of AIS Automation

AIMAN Calls On FG To Approve Special Intervention Fund

Over a decade after conception, members of Aeronautical Information Management Association of Nigeria (AIMAN ) have flayed the non implementation of AIS automation. President of AIMAN, Mr Williams Ngerem expressed the displeasure in a statement. He said the automaton remained ...

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FG Appoints Bayero As DG Of NITT

 The Federal Government has approved the appointment of Dr. Bayero Salih Farah as the Director General/Chief Executive of the Nigerian Institute of Transport Technology (NITT), Zaria in acting capacity.  This followed the retirement of Dr. Abimbola O. Odumosu who had ...

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Union Bank announces decline in NPL ratio to 8.1%

Union Bank announces decline in NPL ratio to 8.1%

•Assures shareholders of long-term value enhancement Union Bank Plc has announced a decline in its Non-Performing Loan (NPL) ratio to 8.1 per cent in December 2018, from 20.8 per cent as at December 2017. In addition, the bank’s Return on Tangible ...

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Glut, price volatility force cashew exporters into processing

Glut, price volatility force cashew exporters into processing

With global supply outstripping demand, thus leading to decline in the price of raw cashew nuts (RCN), the Nigerian Export Promotion Council (NEPC), has tasked exporters to explore local processing rather than hoarding, with expectations of improved prices. Indeed, the ...

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Bearish run plunges market index further by N46 billion

DMO lists FGN second N100 billion Sukuk on NSE

The Nigerian Stock Exchange (NSE), sustained a bearish run for the third consecutive day, occasioned by price losses in most bellwethers, resulting to a further depreciation in market capitalisation by N46 billion. Specifically, at the close of transactions yesterday, the ...

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Wike alleges oil firms are fuelling insecurity in Rivers

Wike alleges oil firms are fuelling insecurity in Rivers

Fresh crisis looms in Ogoni over planned resumption of oil activities Governor Nyesom Wike of Rivers State has accused multinational oil companies of fuelling insecurity through the award of multi-million naira surveillance jobs to cultists. He said the over-politicisation of ...

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MTN ready for listing, completes share registration with SEC

MTN ready for listing, completes share registration with SEC

MTN Nigeria Communications Plc (MTN) has announced the successfully completion of the registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities and Exchange Commission (SEC). According to a statement by the company, the completion of the process sets ...

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NPA MD Urges Women To Balance Work With Family Obligations

NPA MD Urges Women To Balance Work With Family Obligations

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has advised women to balance work with family life, saying that “a woman needs to know when to draw a line and learn to devote quality time with ...

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