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Business and Economy

Access Bank shareholders endorse N11.57 billion total dividend; Raise concern over regulators’- induced stress on companies

Access Bank Nigeria Plc has warned of the dangers of ongoing regulators induced stress in listed companies, as it may further worsen economic advancement. Shareholders sounded the issue at the Access Bank’s Annual General Meeting in Lagos on Wednesday, shortly after endorsing final dividend payment of 40 kobo, and qualifying …

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Finance Ministry unveils Management and Board members of Development Bank; Tony Okpanachi is MD/CEO

The Federal Ministry of Finance on Thursday, announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN).   The Management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited.   Before his appointment …

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FG wants Japanese businesses in special economic zones

Japanese companies have been invited to take advantage of the various business opportunities that will be presented by the Special Economic Zones being established in various parts of the country. The zones which will serve as manufacturing hubs will have the necessary infrastructural facilities to support the country’s industrialization drive. …

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ISPS Code implementation : NIMASA DG assures of international best practices; Biometric ID card now compulsory for Port operations

      In spite of the success recorded in the Implementation of the International Ship and Port Facility Security (ISPS) code in Nigeria, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that the Agency will not rest on its oars until …

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NDDC MD urge Niger Delta youths to emulate PANDEF on acceptable leadership * Commission to establish Niger Delta Devt Bank

The Managing Director/Chief Executive Officer of the Niger Delta Development Commission (NDDC), Mr. Nsima Ekere, has called on Niger Delta youths to emulate the Pan-Niger Delta Forum (PANDEF) on acceptable and recognisable leadership. He also hinted that NDDC would soon set up a specialised Niger Delta Development Bank for the …

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Collaborate with state govts, host communities, Federal Govt. urges mining operators

  The Federal Government has urged operators in the mining sector to collaborate with state governments and the host communities in order to ensure that revenues accruing from mining activities are in consonance with government’s overall diversification plans. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, called for …

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Mutual Benefits Assurance Plc assures of safety of customers’ funds, investments; Insists on zero tolerance for fraud

 Leading insurance company, Mutual Benefits Assurance Plc, has reassured that it has zero tolerance for fraud and would do everything to ensure the safety of customers’ funds and investments. Reacting to an online publication that alleged unethical practices going on in    the company, a statement by Ellen Offo, Head, Corporate …

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