archive2018

Polaris Bank takes over The Central Bank of Nigeria (CBN) has revoked the operating license of Skye Bank Plc even as the apex bank said on Friday that Polaris Bank has taken over its assets and liabilities. Governor of CBN, Godwin Emefiele, disclosed this during a press briefing in Lagos...

  Tasks group on best practice, accountability   Following double sanctions slammed on the MTN Group over allegations of illegal repatriation of $8.13 billion, and another $2 billion in outstanding taxes, capital market stakeholders believe these are a ‘dent’ on the firm’s corporate governance image. They urged MTN to entrench...

Builders and other stakeholders have lauded the BlocMaster Cement which was formally launched by Dangote Cement PLC on Tuesday in Kano, Kano State, describing it as extra strong and the best for block moulding in Nigeria. Before it was officially rolled out yesterday, the innovative cement product had been adjudged...

  By Olukayode Kolawole I read with keen interest a story published by New Telegraph newspaper on Monday September 17th 2018, with the headline, ‘Tantalizers: Operational Costs, Competition Cut Earnings’. The publication reported the financials of the company which were released a couple of days ago at its 20th Annual...

  By Wole Tokede Come September 22, 2018, the good people of Osun State will have to decide on rescuing the state from its parlous situation imposed on it by the administration of Ogbeni Rauf Aregbesola as they are expected to rise above the lure of the enticing aroma of...

*deploys 300 observers A coalition of civil rights organisations under the aegis of Transition Monitoring Group (TMG) has said that it had uncovered ongoing plans by politicians to disrupt electoral process of the Osun State governorship election which is coming less than 72 hours. Besides plans to unleash violence, the...

  In what seems like a u-turn, the Federal Government has announced the indefinite suspension of the national carrier project. The decision was disclosed on Thursday in Abuja by the Minister of State for Aviation, Senator Hadi Sirika through his twitter handle, @hadisirika. The tweet reads, ”I regret to announce...

  As Nigeria receives $22bn remittances from US, UK   The Chartered Accountants in England and Wales (ICAEW’s) latest report: In Economic Insight: Africa Q3 2018, launched on Thursday, by the accountancy body has reported that despite an economic slowdown, most African countries have positive economic outlook. Even as the...

    The co-founder of the Bill and Melinda Gates Foundation, Bill Gates, has reiterated the need for African governments, especially Nigeria and Democratic Republic of Congo (DRC), to invest more in human development as this is the only sure means to curb the rising poverty level in both counties....

  The United Nations Children’s Fund (UNICEF), has expressed concern over the poor attitude of people towards healthy sanitary conditions, saying Nigerians prefer cell phones to improved toilets. Specifically, the UN agency said 140 million Nigerians have cell phones more than toilets in Nigeria. The Chief of Water and Sanitation...