President Muhammadu Buhari has approved the composition of the Governing Boards of the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA). A statement issued by the Director (Press) in the office of the Secretary to…
Super Falcons maintains position as Africa’s best in FIFA ranking
Nigeria’s female foot ball team, Super Falcons retain position as the best within the Africa continent in the new FIFA ranking released on its website on Friday. However, the seven-time Africa Women’s Cup of Nations Winners remained at number…
Skye Bank, Fidelity, FBN, others sustain sliding profile
For the second day, investors on the floor of the Nigerian Stock Exchange (NSE) have continued to dump the shares of Banks suspended from participating in Foreign Exchange (Forex) transactions by the Central Bank of Nigeria (CBN). The restriction…
UBA proposes 20 kobo interim dividend for half year
United Bank for Africa Plc (UBA) has announced its audited 2016 Half Year Financial Results for the period ended 30 June 2016, showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before…
‘Heritage Bank did not conceal NPA’s N11.2Billion’
An investor of Heritage Bank has absolved the Bank of any involvement in the alleged concealment of N11.2 Billion belonging to the Nigerian Ports Authority (NPA). The source who preferred to remain anonymous on Thursday described the allegation as false,…
Elumelu at NIPSS, tasks policy makers on poverty reduction
Tony O. Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA) Plc has identified entrepreneurship as a veritable solution to achieving poverty reduction in the country. Delivering a paper at the National Institute of Policy and Strategic Studies…
Ministry signs MoU with British Council on dormant festivals, traditional games
The Minister of Information and Culture, Alhaji Lai Mohammed, has signed a Memorandum of Undrstanding (MoU) with the Chief Executive of the British Council, Sir Ciaran Devane, with a request for partnership to help train festival managers, revive the country’s…
Ronaldo wins UEFA Best player award
(BBC) Cristiano Ronaldo has been named Uefa’s Best Player in Europe for the second time after winning the Champions League and Euro 2016 last season. The Real Madrid forward beat team-mate Gareth Bale and Atletico Madrid striker Antoine Griezmann in…
Shareholders of Diamond Bank, FCMB, others lose N8.1B over non-remittance of funds
The Foreign Exchange (FOREX) restriction order placed on Diamond Bank Plc, First City Monument Bank Plc (FCMB) and others by the Central Bank of Nigeria (CBN) reverberated yesterday on the floor of the Nigerian Stock Exchange (NSE). Two of…
Forex: CBN re-admits UBA
The Central Bank of Nigeria (CBN) has re-admitted United Bank for Africa (UBA) into the Foreign Exchange Market. A statement issued by UBA dated August 24, 2016 said: “Further to our press statement of yesterday (Tuesday), we are pleased to…
FG approves 2017-2019 Fiscal Strategy Framework
The Federal Executive Council (FEC) on Wednesday approved a three-year Fiscal Strategy Framework from 2017 to 2019. Identified as the Medium Term Expenditure Framework (MTEF), the process starts the process for the preparation of the 2017 budget. The Minister of…
Non-Performing loans in Banks hit N649.63b
Non-Performing Loans (NPL) in Banks is now N649 Billion, an increase of 78 per year-on-year from May, 2015. In his presentation at the third National Credit Reporting Conference organised by the Credit Bureau Association of Nigeria (CBAN) in Lagos, the…
Ajayi assures Apapa community of NPA’s support
The Nigerian Ports Authority (NPA) General Manager in charge of Western Ports, Chief Michael Kayode Ajayi has reiterated the commitment of the Authority to partner and support Apapa Community “as the host of the two busiest Ports in West Africa”….
Lagos seals Protea Hotel
(NAN) The Lagos State Internal Revenue Service (LIRS) has sealed Protea Hotel, close to Kuramo Waters, over alleged failure to remit N11.07 million personal income taxes deducted from workers’ salaries. Ajibike Oshodi-Sholola, Head, Distrain Unit of LIRS, disclosed this to…