archive2020

  The Central Bank of Nigeria (CBN)  on Thursday came under acerbic attack of the Senate as the red chamber condemned the high lending rates in the country, accusing the apex bank of not encouraging investors with the monetary policy. The Senate insisted that the CBN has not done enough...

IFC, a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to small and medium enterprises (SMEs) in Nigeria. The facility, which will cover as much as 50 percent of the risk of the bank’s loans to...

  The dual impact of depressed sentiment and unimpressive earnings affected trading on the Nigerian Stock Exchange (NSE) on Thursday. Consequently, the market capitalisation dropped to N13 trillion mark, losing N87 billion or 0.62 per cent to close at N13.965 trillion against N14.052 trillion posted on Wednesday. Also, the All-Share...

  The Senate on Thursday considered a bill to provide enabling framework that would legalize all forms of electronic transactions undertaken in Nigeria. The bill, if passed and signed into law, will prohibit and criminalize online fraud, and also make it legally possible to admit evidence of electronic transactions between...

  In its capacity as official liquidator, the Nigeria Deposit Insurance Corporation (NDIC) has secured a judgment against Jolimair Nigeria Limited and three other debtors who owed the defunct Gulf Bank Plc the sum of N1.4 billion. In a debt recovery suit Number: FHC/L/CS/1328/17 - NDIC (Gulf Bank) vs. Jolimair...

Mr Mudashiru Obasa, Speaker, Lagos State House of Assembly, says symbiotic relationship with communities is required for companies to enjoy a flourishing business environment. Obasa made the assertion on Thursday, at the commissioning of the Westron Bridge and Road, at  Ijegun Egba, the new port city, in Amuwo Odofin Local...

The National Deputy President of the Pentecostal Fellowship of Nigeria (PFN), Bishop Francis Wale Oke, has enjoined indigenes of Ibadan not to allow  anything or anybody to disrupt the prevailing peace being enjoyed in the ancient  city Wale Oke, an indigene of Kasumu village in Ibadan, made the appeal on...

  As Nigeria loses N271bn annually The Senate on Thursday considered a bill which proposes stiffer sanctions for any person or corporate entity involved in gas flaring in Nigeria from January 1, 2021. The Gas Flaring (Prohibition and Punishment) Bill, 2020, which scaled second reading during plenary, was sponsored by...

Britain, on Thursday unveiled a negotiating mandate for talks with the European Union (EU) that puts it on a collision course with Brussels, and it was ready to walk away if “good progress” was not made by June. After exiting the EU in January, Britain has until 2020 to negotiate...

Some African Union leaders have converged on Abuja to brainstorm on the attainment of good governance, economic development through democratic strategies across the continent. They are deliberating at a two-day sensitisation/training event organised by African Union Development Agency-New Partnership for Africa`s Development (AUDA-NEPAD) on Thursday in Abuja. The event focuses...