EXCLUSIVE

• Evaluates the institution assets at N100bn The forced marriage between Oyo and Osun States governments that gave birth to the joint ownership of Ladoke Akintola University of Technology (LAUTECH), Ogbomoso, Oyo State, may soon be divorced as panel set up by both state governments to look at the peaceful...

The Chief Executive Officer, Unity Kapital Assurance, Mr. Michael Dogo, has been asked to resign by board and management of the company. A source at the company’ Annual General Meeting (AGM) in Abuja yesterday told Business247 News Online that the board had forced the former Unity Kapital Assurance boss to...

Mainstreet Bank acquisition Divided board, overbearing chairman TSA trouble Insider relate loans By Wole Tokede Against the widely held beliefs, Business247 Online News can reveal authoritatively that there is a combination of factors that are responsible for the present situation that Skye Bank finds itself. Some of the factors are...

By ABDUL-KHALIQ OLALEKAN The Insurance Guidelines review committee constituted by the Minister of Finance, Mrs. Kemi Adeosun, to harmonise all the insurance related Acts into one document, has finished its job, and has submitted the harmonised document to the Finance Ministry, Business247 can authoritatively reveal. The review committee was given...

The N382.5billion ($1.53billion) Lagos-Ibadan double track railway line modernisation project has suffered a setback. The 180kilometres project which was scheduled for completion in 2016 is far from finishing point since 2012, despite the amount released for the project. The contract, which was awarded to Chinese Civil Engineering Construction Company Nigeria...

By our Correspondent First Bank of Nigeria Holdings Plc (FBN), Ecobank Group Plc and two other banks reported N626.6 billion bad loans in 2015. Other two banks that contributed to the N626.6 billion bad loans last year are Diamond Bank Plc and Union Bank of Nigeria Plc (UBN). The Central...

As Central Bank of Nigeria (CBN) has indirectly reintroduced Commission on Turnover (CoT) fee as Current Account Maintenance (CAM) Fee, seven Deposit Money Banks in Nigeria generated N13 billion incomes in three months of 2016. The banks are Zenith Bank Plc, First Bank of Nigeria Holdings Plc, Guaranty Trust Bank...