archiveJuly 8, 2016

The Speaker of Federal House of Representatives, Rt. Honorable Yakubu Dogara,  has pledged to deepen the nation’s capital market using the legislative backing. The speaker who visited the Nigerian Stock Exchange (NSE) alongside Chairman, Committee on Capital Market, Hon. Tajudeen Yusuf; Deputy Chairman, Media and Publicity, Hon. Gaza Gbefwi at...

Market transactions on the Nigerian Stock Exchange (NSE) closed the week negative on Friday after a three-day holiday for Ramadan celebration. Investor recorded a loss of N51 billion as the Market Capitalisation which opened the day trading activities at ₦9.961 trillion closed at N9.910 trillion. Also, the All Share Index...

ABDUL-KHALIQ OLALEKAN National Association of Nigerian Student (NANS), has nominated and conferred National Outstanding Leadership Award 2016 on President, Nigerian Council of Registered Insurance Brokers (NCRIB), Mr. Kayode Okunoren. The award which was presented to Okunoren at the NCRIB Secretariat in Lagos by the NANS President ably represented by NANS...

By ABDUL-KHALIQ OLALEKAN The National Pension Commission (PenCom) is partnering  with the Central Bank of Nigeria (CBN) Bureau for Public Procurement (BPP)Securities and Exchange Commission (SEC)  National Bureau for Statistics (NBS), among others to ensure pension laws are obeyed and enforced. It was learnt, over the weekend, that the commission...

Wole Tokede The new Chairman of Skye Bank Plc, Mr. M.K. Ahmad, has clarified that the reconstitution of the board of the bank by the Central Bank of Nigeria (CBN) was not a takeover of the bank but an intervention to correct observed corporate governance issues under the old board....

Niyi Olaoye Euromoney has awarded Access Bank Plc the ‘Africa's Best Bank Transformation’ in 2016 for excellence. The award was in recognition of the Bank's progress in the enhancement of its operations through its 'Winning with Service' initiative, as well as commitment to raising the standards of customer experience through...

Niyi Olaoye The Central Bank of Nigeria (CBN) is monitoring one or two commercial lenders for liquidity after Skye Bank failed to meet prudential ratios, prompting it to replace its top executives this week, the director of banking supervision said today. It will also be recalled that the banking supervision...

By ABDUL-KHALIQ OLALEKAN An Enugu-based Microfinance bank, Umuchinemere Pro-credit MfB (UPMfB) has disbursed N600.86 million as loans to 1,890 active poor in Enugu State as part of its objectives to alleviate poverty in the society through economic evangelization. The funds, which were disbursed in the first half of 2016, were...

  By ABDUL-KHALIQ OLALEKAN Nigeria insurance industry lost N82.44 million to fake insurance racketeers in the 2015 financial year, Business 247 Online News has learnt. The Nigerian Insurers Association (NIA) in the 2015 financial year made N20.61 million from its initiative, the Nigerian Insurance Industry Database (NIID) revealed that about...

...'Keep off, our women, grandmothers’ll protest naked on the streets' A coalition of civil rights movement under the aegis of Bayelsa Arise, has asked the Secretary to Government of the Federation, Babachir David Lawal to distance himself from the forthcoming judgment of Bayelsa State Governorship Election Petitions Tribunal in Abuja....