archiveJuly 2016

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....

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has said there was no going back on its planned strike. The National President of PENGASSAN, Mr Francis Johnson, made this assertion today when he appeared as a guest on Television Continental (TVC) Breakfast programme in Lagos. Johnson said...

International ratings agency, Fitch ratings has said Frontier Markets most especially in Africa are at risk in the last quarter of the year on the background of dwindling commodities prices and political crisis that has disrupted economy. The agency noted that the fall in global oil prices and insecurity were...

To minimize disputes arising from the failure to plan for certainties in life, especially death, Stanbic IBTC Trustees Ltd, a member of the Stanbic IBTC Holdings Plc., has appealed to Nigerians to see estate planning as imperative to peaceful and orderly transfer of assets. Though people generally shy away from...