archive2019

  A Federal High Court in Lagos on Wednesday  adjourned until Thursday, continuation of trial of a musician, Azeez Fashola (a.k.a. Naira Marley), who is facing fraud and theft charges. The case was adjourned following a letter by defence counsel, Mr Olalejan Ojo (SAN), who was not available. The Economic...

The Nigeria Deposit Insurance Corporation (NDIC) says full disclosure of information about any financial technology (fintech) operator is required before licensing it. It said concealment of information about their operations had slowed down the pace of their licensing in the country. Dr Kabir Katata, the Deputy Director, Research Department of...

The Presidency says Nigerians including Media outfits are free to address President Muhammadu Buhari by his military rank of Major General as the administration promotes freedom of speech in the country. Mr Femi Adesina, the President’s spokesman, stated this while reacting to a decision when reacting to the decision of...

A new report by Fitch Ratings has predicted that world outlook for shipping in 2020 may be negative. The rating agency noted that several factors would be responsible for the situation, listing the major ones as; slowing global economic growth, trade tensions and geopolitical risks that will lead to subdued...

The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission. Dr Kabir Katata, Deputy Director, Research Department of NDIC, gave the advice in Yola on Wednesday at the 2019 NDIC Workshop for Business Editors and Finance Correspondents Association of...

Napoli’s Italian head coach Carlo Ancelotti attends the UEFA Champions League Group E football match Napoli vs Genk on December 10, 2019 at the San Paolo stadium in Naples. (Photo by Tiziana FABI / AFP) Carlo Ancelotti has been sacked by Napoli despite taking the Serie A side to the...

Full press statement: The wife of the Nigeria’s president Mrs Aisha Buhari has accused the president’s spokesman Garba Shehu of pushing for the sack of her media aides because she addressed the press on her return to Nigeria on October 13th. “Mr. Shehu was privy and part of the plan...

  The Debt Management Office (DMO) says the public debt stock of the country is a cumulative figure of borrowings by successive governments over many years. The DMO said this in a statement released in Abuja on Tuesday. It said that it was not appropriate to attribute the Public Debt...

  as NDIC restates commitment to zero-tolerance to infractions The Central Bank of Nigeria (CBN) has said that banks’ Loan to Deposit Ratio (LDR) will be increased from its current position of 65 per cent to 70 per cent by 2020. The CBN Director, Banking Supervision Department, Mr. Hassan Bello...

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year. Dr Hassan Mahmoud, the Deputy Director, Financial Policy and Regulation Department in CBN, said this in Yola at the 2019 workshop for financial journalists sponsored...