archiveNovember 2016

The Christian Association of Nigeria (CAN) has expressed sadness of the release without trial of the five suspects accused of killing of a 74 year old Christian woman in Kano, Mrs. Bridget Agbahime who was murdered sometime in June, 2016. CAN, in a press statement on Monday signed by its...

Worried by the high lending rate to the private sector, the Lagos Chamber of Commerce and Industry (LCCI), has charged the Central Bank of Nigeria (CBN) to review the Monetary Policy Rate (MPR). Dr Vincent Nwani, Director, Research and Advocacy, LCCI, told the News Agency of Nigeria (NAN) in Lagos...

Twenty seven ships laden with petroleum products, food items and other goods are expected to arrive Lagos Port Complex and Tin-Can Island ports in Lagos between Monday, 7th and 23rd November, 2016. Eight of the vessels would berth with petro, diesel and aviation fuel. According to the Nigerian Ports Authority...

By Niyi Jacobs Fidelity Bank Plc has gone live on the NIBSS mCash product which will allow it’s registered merchants to receive payments from customers using their phones. The launch which was in collaboration with the Nigerian Inter-Bank Settlement System (NIBSS), other banks and leading telecommunications companies, is called ‘microCash’...

The President of Africa’s multilateral trade finance institution, Afreximbank, Dr. Benedict Okey Oramah, will play host to the likes of Honourable Minister of Industry, Trade and Investment (MITI), Mr. Okechukwu Enelamah, President/CEO, Dangote Industries, Alhaji Aliko Dangote and founder/CEO, Center for Values in Leadership, Prof. Patrick Utomi, among many other...

Pursuant to official invitation received from International Foundation for Electoral System (IFES) to the U.S. Election Program (USEP), the Transition Monitoring Group (TMG), Chairperson, Dr Abiola Akiyode-Afolabi is currently in the U.S for the program and monitoring of the Tuesday, November 8, 2016 58th quadrennial U.S. presidential election. The IFES...

A socio-political movement in All Progressives Congress (APC), Lokoja Integrity Group, has linked desperate politicians struggling for power with the death wish for Governor Yahaya Bello. The organisation said Bello was taking a rest overseas after 10 months in office. The leader of LIG and chieftain of APC, Suleiman Abdulmalik,...

A number of deep seaport projects planned by prospective private and state government ownerships across the country, may not get approval from the Nigerian Ports Authority (NPA). The Managing Director of NPA, Hadiza Usman said no seaport would be approved pending the outcome a 25-year port master plan which the...

The finance and banking community will next week witness a new arrival in the anthology of banking sector intellectual research and publication. The book, ‘Inside Nigerian Banks’, written by Nik Ogbulie, a Lagos based financial journalist, captures the state of the Nigerian banking sector, with special reference to the series...

Despite general depression in corporate earnings due to the dwindling global oil price, 11 Deposit Money Banks (DMBs), according to Business247 News Online investigation, granted an increase of N3.59 trillion loans to their customers in nine-month ended September, 2016. The total loans and advances of the leading Deposit Money Banks...