Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’ Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a[Read More…]
Fidelity Bank undertakes ₦29.6 billion rights issue, ₦97.5 billion public offer Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public[Read More…]
BREAKING: Minimum wage: NLC, TUC suspend strike for five days Members of the organised labour comprising the Nigeria Labour Congress and Trade Union Congress, on Tuesday, suspended their strike for five days, a leader of the NLC told our correspondent in Abuja. The centres are expected to issue a statement[Read More…]
BREAKING: FG invites Labour for emergency meeting Tuesday The Federal Government, through the National Salaries, Wages, and Income Commission, has extended an invitation to the leaders of the Nigeria Labour Congress (NLC) and Trade Union Congress in view of halting the ongoing strike. Reporta from DailySun said, spokesperson[Read More…]
MWUN joins Nationwide strike The Maritime Workers Union Union of Nigeria (MWUN) under the leadership of Comrade (Prince) Dr. Adewale Adeyanju, fnli, HFCPSP, has obliged to comply with the directive of both the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to join in the indefinite[Read More…]
Tinubu to inaugurate NASENI CNG conversion centre Today, May 31 The National Agency for Science and Engineering Infrastructure (NASENI) says plans have been concluded for the inauguration of its compressed natural gas (CNG) conversion, filling, reverse engineering, and training centre, in Abuja. Speaking to journalists on Wednesday in Abuja, Khalil[Read More…]
NNPC, MPNU sign settlement agreement for ExxonMobil-Seplat deal The Nigerian National Petroleum Company (NNPC) Limited said it has signed a settlement agreement for the divestment of ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) to Seplat Energy Plc. According to a statement on Thursday by the national oil[Read More…]
FG acquires $500m World Bank loan to enhance power distribution The Bureau of Public Enterprises (BPE) says the federal government has secured a $500m World Bank loan to boost electricity distribution in the country. The Bureau of Public Enterprise (BPE) announced the World Bank loan in a statement[Read More…]
LASG partners with Dutch Firm to Construct High-Efficiency Waste-to-Energy Plant Lagos-state government has formalised a partnership with a Dutch firm, Harvest Waste Consortium, to construct a high-efficiency Waste-to-Energy plant on Epe landfill. Governor Babajide Sanwo-Olu said on Monday that the government would utilise the advanced[Read More…]
The National Judicial Council (NJC) has summoned the Chief Judge of the Federal High Court and the Chief Judge of Kano State High Court over the conflicting interim injunctions issued by judges of both courts concerning the Kano Emirate tussle. The summon was issued on Wednesday, May 29, by[Read More…]
