archiveJuly 31, 2016

The Chairman, Senate Committee on the Federal Capital Territory (FCT) and Founder of Anti-Corruption Network, Senator Dino Melaye, has asked the Economic and Financial Crimes Commission (EFCC) to commence investigation of Manitoba Hydro International Nigeria Limited, over alleged abuse of Public Procurement Act and diversion of funds amounting to N13.8...

About 5,000 market women and widows under the auspices of Association of Wuye Ultra Modern Market Allottees (AWUMMA) on Sunday in Abuja staged a protest over alleged continued harassment, intimidation and suppression by All Purpose Shelters said to be owned by a former governor of Benue State, Gabriel Suswam and...

Ecobank Transnational Incorporated (ETI) total assets achieved a milestone of N5 trillion, becoming the first financial institution to such despite macro-economy challenges faced by African countries where it is operating and dwindling global oil prices. According to ETI unaudited result and accounts for the six months ended June 30, 2016...

Skye Bank Plc received over N100 billion in liquidity from the Central Bank of Nigeria (CBN)  on July 4 to shore up its operations, its new Managing Director, Mr. Tokunmbo Abiru, has said. He told reporters on Friday that the CBN staff had been working at the bank for two...

The Joint Admissions and Matriculation Board (JAMB) has withdrawn the list of recommended candidates for admission earlier sent to the tertiary institutions. A press statement by JAMB today signed by its Head of Media, Dr. Fabian Benjamin made public this development. According to him, “This is to ensure that the...

The Payments System Vision 2020 (PSV2020) initiative of the Central Bank of Nigeria (CBN) has been described as a catalyst in the revolutionized payment system landscape of the country. Niyi Olaoye therefore looks at the apex bank’s implementation plan and the possibility of the vision. The Payments System Vision 2020...

  Net loss rises to $61 million as Forcados remains shut Working Interest gas production up y/y Alternative crude evacuation route gathering some momentum 41k-48k boed production no longer feasible; Vetiva estimate 27k boed Earnings revised lower, TP cut to N216.15 (Prev: N264.77) Seplat reported wider losses in first half...

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) appreciated by 1.27 per cent to close the week at 28,009.93 and N9.620 trillion respectively  as against the depreciated  of 3.98 per cent to close the upper week at 27,659.44 and N9.500 trillion respectively. Investors recorded a...