archiveMay 2016

Niyi jacobs Some top management staff of Sterling Bank Plc recently joined the Displayed Persons (IDPs camp) in Jos, the Plateau State for the celebration of the 2016 Children Day It was all smiles for children at the Internally Displayed Persons (IDPs camp) in Jos, the Plateau State Capital as...

Niyi Jacobs Guaranty Trust Bank plc has been named the “2016 Most Innovative Bank in Africa” by African Banker Magazine at the prestigious African Banker Awards which took place on the sidelines of the AfDB annual meeting in Zambia recently. Now in its 10th year, The African Banker Awards is...

Niyi Jacobs The Director-General, Debt Management Office (DMO), Dr. Abraham Nwankwo, disclosed that the nation’s tax revenue rate to the Nigeria Gross Domestic Product (GDP) is less than 7 percent. Speaking at the breakfast meeting for business editors and investment journalists organized by the DMO over the weekend, Nwankwo, noted...

President Muhammadu Buhari has approved the audit of the maritime sector to ascertain why it has not been making the desired progress. This was contained in the statement issued by the Ministry of Transportation signed by the Director of Press and Public Affairs of the Ministry, Mrs Yetunde Sonaike. It...

Securities and Exchange Commission (SEC) has banned the Managing Director of BGL Securities Limited, Mr.  Albert Okumagba, ​ from further participation in capital market activities in the country for 20 years​ ​ for market rules infractions. Okumagba was banned along with Mr Peter Adebola, both of whom were in addition...

Jose Mourinho who has just been confirmed as Man United manager will earn £10m a year, three-year contract. This is double the £5m-a-year salary paid to Van Gaal, his predecessor. The former Porto, Real Madrid and Inter Milan coach, whose second spell in charge at Chelsea ended with him being...

The Economic and Financial Crimes Commission (EFCC) said that in the last six months, it has secured more than 140 convictions and recovered billions of dollars in stolen funds from unscrupulous individuals. The Commission Chairman,   Mr Ibrahim Magu, revealed this on Thursday at a rally organised by the organisation to...

Trading activities on the Nigerian Stock Exchange (NSE) on Thursday for the third consecutive day sustained a positive trend with the market indices appreciating by 2.18 per cent even as investors gained  N211 billion. The All-Share Index rose by 616.86 points or 2.18 per cent to close at 28,877.47 compared...

South Africa has continued to spread its  tentacles on the Nigerian economy  landscape   as one of the country’s leading life insurers, MMI Holdings, today  announced  its full  acquisition  of United Metropolitan Nigeria Life Insurance after purchasing the 50 per cent stake which  it did not already own. The Chief Executive...

The Central Bank of Nigeria (CBN) has urged the commercial lenders to fund their naira accounts and submit bids for dollars at N197. The apex bank had on Tuesday declared that  it would adopt a flexible exchange rate policy, a shift from a peg for the naira seen as overvalued,...