archiveOctober 1, 2019

Union Bank of Nigeria Plc has secured $200 million in funding via a partnership with sub-Saharan Africa financial services group, Atlas Mara Limited, in agreement with Overseas Private Investment Corporation (“OPIC”), the U.S. government's development finance institution. Under the terms of the agreement, Union Bank will receive a ten-year term...

Governor Seriake Dickson of Bayelsa State will be the Chief Guest of Honour at the third annual conference of the Guild of Corporate Online Publishers (GOCOP) holding at Sheraton Hotel, Ikeja, Lagos State on October 4, 2019. A statement on Tuesday by GOCOP Publicity Secretary, Mr. Olumide Iyanda, said the...

Sterling Bank Plc has emerged the first bank in West Africa to go live on SWIFT Global Payments Innovation (gpi). SWIFT gpi dramatically improves the customer experience by increasing the speed, transparency and end-to-end tracking of cross-border payments. Executive Director, Corporate and Investment Banking, Sterling Bank, Yemi Odubiyi, said the...

  Promises extensive/massive rehabilitation after rainfall Lagos State Governor, Mr. Babajide Sanwo-Olu has appealed to Lagosians for patience over the bad state of roads in the state saying the continuous rainfall since he was sworn-in about four months ago is slowing down rehabilitation/palliative work on the roads. Sanwo-Olu made the...

  A former Governor of the Central Bank of Nigeria, Prof. Charles Soludo, has warned that the rich in the country will also suffer if high poverty and unemployment rates in the country are not checked. Soludo who also lamented that the country had not been able to diversify away...

President Muhammadu Buhari will depart Abuja on Wednesday for a three-day state visit to the Republic of South Africa, following an invitation by President Cyril Ramaphosa, to discuss the welfare of Nigerians. The visit comes against the background of recent xenophobic attacks, the evacuation of hundreds of Nigerians and the...

  The Ondo State Governor, Mr Oluwarotimi Akeredolu, Tuesday said the leadership of the country must brace up in its strategies to develop the country, adding that all excuses for the nation’s underdevelopment 59 years after independence have been exhausted. Akeredolu, who spoke during the celebration of the 59th independent...

This is Sir Abubakar Tafawa Balewa's Independence Day address delivered at a ceremony on Saturday, October 1, 1960 as Nigeria gained independence. Fifty-nine years down the line, it's interesting to try and glean what they had in mind as they took over the leadership of the country. Today is Independence...

President Muhammadu Buhari has warned that severe consequences await any of the nation revenue-generating agencies that failed to achieve agreed revenue targets. The president gave the warning in his Independence Day address to mark Nigeria’s 59th Independence Anniversary in Abuja on Tuesday. He further warned that the revenue-generating and reporting...

  President Muhammadu Buhari has directed the Ministry of Finance, Budget and National Planning to release N600 billion for Capital Expenditure in the next three months. The President gave the directive in his nationwide broadcast to mark the Nigeria’s 59th Independence Anniversary on Tuesday in Abuja. He stated that the...