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1. Dana Airline has indicated its readiness to begin its daily flight operations to Owerri airport in a few weeks’ time. 2. The management of Empire Trust Microfinance Bank (ETMB) at the weekend officially commenced operations in Nigeria. Speaking at the opening ceremony of the financial institution in Lagos, its Managing Director, Mr. Seun Durojaye said the emergence of the bank was a product of eight years study of the sub-sector, having been involved in other forms of businesses revolving around micro and small enterprises’ financing. 3. The Nigerian National Petroleum Cor­poration (NNPC) has disclosed that the three refineries would no longer be sold or privatised as announced by gov­ernment, but that rather they will be fixed for maximum capacity utilisation. 4. Sterling Bank Plc said it has rewarded another set of six lucky winners in its on-going ‘Sterling Gunners’ promo. A statement explained that the third draw was held at the bank’s head office in Lagos at the weekend. The six lucky winners will have the privilege of an all-expense paid trip to watch the home match involving Arsenal Football Club and Liverpool on the 4th of April, 2015. 5. The National Insurance Commission (NAICOM) is making plans to introduce parks and filling stations as selling points for insurance products. The Commission said the need to provide multi-channel outlets to sell insurance products has become imperative for the industry’s customers to buy insurance products at ease. 6. Enterprise Bank Limited has introduced the Graduate Empowerment Savings Account (GESA). The bank explained that the account would help provide opportunities for unemployed graduates in the country and support SMEs. A statement by the bank explained that that the GESA provides the platform for university undergraduates and graduates to think of more creative ways of becoming self-employed rather than perpetually waiting and hoping to be employed. 7. First City Monument Bank (FCMB) Limited has unveiled a Mobile Point of Sale (MPoS) terminal, which it christened FCMB PayPad. The bank said the move was in demonstration of its commitment to further support the growth of small and medium scale enterprises (SMEs) and the cashless policy. 8. PZ Wilmar Nigeria Limited, a subsidiary of PZ Nigeria Plc, a quoted company on the Nigeria Stock Exchange, NSE said it invested about N12.4billion ($75 million) in its vegetable oil production plant, as it expects 100 percent local content input in five years. 9. The Nigerian Electricity Regulatory Commission has issued on-grid generation licences to Zuma Energy Nigeria Limited to construct four units of 300 megawatts coal-to-power plants in Kogi State at a total cost of $5bn (N1.2tn). 10. The Federal Government is targeting cumulative investments of N255bn over the next five years through the implementation of the National Cotton, Textile and Garment Policy.
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This article was first published on 16th February 2015

elizabeth

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