archive2018

The Central Bank of Nigeria (CBN) has released the exposure draft for the regulatory requirements for non-bank merchants acquiring in Nigeria. This is in furtherance of its mandate of enhancing the development of the electronic payment system in the country. According to CBN in its ‘Exposure draft of regulatory requirements...

  The Osun State Accountant General, Mr Alaba Kolawole, has resigned his appointment through a letter addressed to Governor Rauf Aregbesola. Kolawole had notified Aregbesola in a letter of his intention to quit as Accountant General of the state starting from Monday, September 10. He also informed all banks in...

  The presidency on Saturday listed the country’s benefit from President Muhammadu Buhari’s trip to China. Buhari and other Heads of State, Governments and delegations from 52 African countries, attended the Forum on China and Africa Cooperation (FOCAC). According to his spokesman, Garba Shehu, in a statement,  there was the...

  I leave Fayose to God - Fayemi The Transition Committee set up by Ekiti State governor-elect, Dr. Kayode Fayemi, has revealed that the state’s debt profile has reached N117 billion under the administration of outgoing Governor Ayo Fayose. The panel said the latest debt figure which was sourced from...

  Debt mgt strategy exposes Nigeria Nigeria’s current economic struggles look set to continue if President Muhammadu Buhari wins a second term in office, the multinational banking and financial services company, HSBC, has said. The company stated this in a report by its Global Research unit, entitled, “Nigeria, papering over...

  With less than two weeks to the take-off of the Peoples Democratic Party (PDP) primaries, the Bayelsa State government on Friday called on all the aspirants in the State to have an open mind as they go into the contest. The government asked the aspirants to avoid negative tendencies...

  Stanbic IBTC Ventures Limited (SIVL), a subsidiary of Stanbic IBTC Holdings Plc, said on Friday that it has surrendered its Venture Capital Licence to the Nigerian authorities. The group in a disclosure sent to the Nigerian Stock Exchange (NSE), said it had applied to the Securities and Exchange Commission...

  Investment sentiment on the Nigerian Stock Exchange (NSE) remained bearish on Thursday as the ASI dropped further by 0.88 per cent to close the day at34,110.22 points, amidst intense sell pressure in banking and consumer goods large-cap counters. Accordingly, the Month-to-Date and Year-to-Date losses increased to -2.12% and -10.81%,...

By Amos Oladele At the latest count, we now have 91 registered political parties in Nigeria. This is courtesy of the recent registration of 23 new political parties by the Independent National Electoral Commission (INEC). Needless to say, the 91 parties will, even if just on paper, vie for the...

The second edition of the national leadership prayer day which the Oluwo of Iwo kingdom, Osun State, His Imperial Majesty Oba AbdulRasheed Adewale Akanbi, Ilufemiloye, Telu 1 instituted last year will hold on Sunday, September 16, 2018 on the premises of the monarch’s palace, Aafin Oluwo in the ancient town...