Business News

Economy: FG delegation to meet bond investors in London next week

By Abimbola Fashakin, Lagos with agency reports Indications have emerged suggesting that a delegation of the Federal Government is set to meet with bond investors in London next week in what experts consider as a move to shore up the nation’s financial base needed for financing the series of infrastructure developments in the country.

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Diamond Bank explains sack of 200 workers

By Abimbola Fashakin, Lagos The management of Diamond Bank has justified its decision for sacking 200 of its members of staff last Friday.  In a statement issued on Wednesday obtained by BLACKFACE, the bank stated that move was in line with its strategic plan to drive shareholders’ value.

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Power: Nigeria loses N2b as reserve records zero generation

By Abimbola Fashakin, Lagos  The Nigerian Electricity Supply Industry (NESI) on Tuesday recorded zero Mega Watts in the nation’s spinning reserve. 

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Hope rises as ALSCON set to begin production

 

By Abimbola Fashakin, Lagos

 

Baring any unforseen circumstances, the Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State is set to commence production any time from now.

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Medview partners Air Atlanta on aircraft acquisition

 By Abimbola Fashakin, Lagos

 

A local aviation player, Medview Airline has signed an agreement with Air Atlanta of Iceland for the acquisition of a Boeing 747 -400.

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2010 accounts of some insurers still undisclosed, says NAICOM

By Abimbola Fashakin 

In spite of the fact that they transact businesses, three insurance firms have resolved to keep their financial status in secrecy, flouting the law which mandates them to submit their accounts at the end of each financial year to the industry regulator for approval.

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Air Cote D’Ivoire begins flight from Abuja by 15th February 

By Abimbola Fashakin 

Air Cote D’Ivoire had announced that it will begin to operate Abuja and Abidjan route from 15 February.

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Trade: FAAN building cargo terminals in airports

By Abimbola Fashakin, Lagos

 

The Federal Airports Authority of Nigeria (FAAN) has stated that it has commenced the development of cargo terminals in designated airports in the country.

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Etisalat charges Govt to priortise SDGs based on pressing demand

By Ismaheel Ojo 

Nigeria’s most innovative telecoms operator, Etisalat, has called on Governments across all levels in the country to prioritize meeting the critical development needs of the nation

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