archiveFebruary 2017

Niyi Olaoye The management of Wema Bank Plc and Sterling Bank Plc are both currently shopping for a replacement for their incumbent Group Managing Directors whose tenure both expire in June and December respectively, Bussiness247 Online News exclusively revealed. It would be recalled that the Central Bank of Nigeria (CBN)...

The Christian Association of Nigeria (CAN) has expressed disappointment at the alleged disparaging lies and abuse meted at the organisation by the Minister of Information, Alhaji Lai Mohammed in Ilorin during the Town hall meeting. This was contained in a press statement by the body signed by Adebayo Oladeji, Special...

...says SURE-P buses to be back to Lokoja metropolis The Kogi State Ministry of Transport has crashed bus fares for the people of the state and other indigenes to major cities throughout Nigeria. The buses which were flagged off to ply various routes in Nigeria on January 2017 are fully...

  The Nigerian stock market on Tuesday traded a total of 207 million shares  as ibvestors recorded a loss of N48 billion. According to the stock market report on Nigerian Stock Exchange (NSE), the activity level surged as volume and value traded increased by 43.8 per cent and 82.7 per...

Skye Bank has announced the promotion of over 300 staff in its employment following the 2016 annual staff performance review exercise. The promotion which cuts across several cadres of staff up to managerial level is in line with the bank’s effort to reward staff who performed creditably in their various...

The Acting President, Prof. Yemi Osinbajo has commended the Nigerian Police for the professional way they handled the protests across the nation on Monday. Osinbajo, in a press statement form the Presidency “I commend the IG and his officers for handling the protests with professionalism and respect for the rights...

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) have announced the plan to hold national protest on Thursday, demanding for good governance and improved economy. This was announced by the NLC president, Comrade Ayuba Wabba while addressing newsmen on Monday. He said the protest tagged ‘National day...

Nigeria plans to raise about 142.43 billion naira ($453.60 million) in short-dated Treasury bills at an auction on Feb. 15, the Central Bank of Nigeria (CBN) said on Tuesday. The bank said it would raise 32.43 billion naira in three-month debt, 30 billion in six-month bills and 80 billion in...

The Federal Government has unveiled new measures to turn around the Nigerian economy which is currently in recession. The Minister of Budget and National Planning, Senator Udo Udoma who announced the measures at a government-private sector engagement forum on the Nigeria Economic Recovery and Growth Plan (ERGP) at the Presidential...

The Central Bank of Nigeria (CBN) has advised all banks and their external auditors to adhere to Rule 9 (Application of International Standard on Auditing (ISA) 701 – (Communicating Key Audit Matters in the Independent Auditor’s Report) of the Financial Reporting Council of Nigeria (FRCN). Independent auditors are mandated by...