archiveAugust 24, 2016

  Sterling Bank reacts The Central Bank of Nigeria (CBN) has readmitted the United Bank for Africa (UBA) to the forex market after its suspension following breach in TSA dealing. The apex bank gave the directive in a press statement this night signed by its Director, Banking Supervision Mr. ‘Tokunbo...

  ...Reveal IBB's pranks PRESS STATEMENT NIGERIA CONSTITUTIONALLY IS A SECULAR NOT MULTI-RELIGIOUS COUNTRY: FACTUALLY IT IS AN ISLAMIC STATE Introduction The Saturday Guardian, August 20, 2016, had the front page captioned “Nobody Can Islamize Nigeria, says Sultan”. The main story on page two of the paper with another caption,...

Nigeria's government has approved a 3-year spending plan, assuming a benchmark oil price of $42.50 per barrel in 2017 and production at 2.2 million barrels a day, the budget minister said on Wednesday. According to Reuters’ report monitored by Business247 News Online, the budget sees oil production and prices rising...

The Federal Government has approved the appointment of Dr Ezekiel Oseni as acting Managing Director of the National Economic Reconstruction Fund (NERFUND). The information is contained in a letter signed by the Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse, on Wednesday in Abuja. According to the Permanent Secretary, “Oseni’s...

Standard Bank, Africa’s largest bank by assets, is partnering with international news and events provider TMT Finance for the inaugural TMT Finance Africa Conference 2016, which is holding in Lagos and is bringing together the leading decision makers in African telecoms, media and technology (TMT) to Lagos on September 20,...

…Naira hits N400/$ Perhaps as a fall out of the ban from foreign exchange market by the Central Bank of Nigeria (CBN), the share price of most of the affected lenders received some bashing on the Nigerian Stock Exchange (NSE) yesterday. Diamond Bank Plc, First City Monument Bank Plc, Sterling...

The Central Bank of Nigeria (CBN) has said that non-performing loans (NPLs) in the banking sector rose by 78 per cent year-on-year to N649.63 billion at the end of May this year. The Governor of CBN, Godwin Emefiele revealed this while speaking on Wednesday in Lagos at the third National...

AIICO Pension Managers Limited (APML) has unveiled Ms. Joke Silva, an actress, producer and TV personality, as its Brand Ambassador. The Pension Fund Administrator (PFA) also launched a CSR project as part of its plan to mark its 10-year anniversary. Speaking on this development, Mr. Tunde Ottun, Head of Strategic...

Some former students of Bayelsa State origin have accused the Academic Staff Union of University (ASUU) in Niger Delta University (NDU) for playing politics with the future of students in the guise of a false solidarity struggle. The organisation under the aegis of  National Union of Bayelsa State Students (NUBSS)...

The Nigeria Association of Small and Medium Enterprises (NASME) said the nation’s business climate is still not friendly to indigenous entrepreneurs. The President of the Association, Prince Degun Agboade stated this in his welcome address at the stakeholders forum with major MSMEs regulatory agencies in Lagos; he identified agencies that...