By Moses Ebosele – The Central Bank of Nigeria (CBN) has refuted alleged liquidation of Skye Bank Plc. In a statement issued on Thursday, CBN Acting Director (Corporate Communications), Isaac Okorafor, said the Bank is “neither distressed nor…
Again, Court sack Sheriff’ as PDP National Chairman
A Federal High Court sitting in Abuja on Wednesday re-affirmed the sack of Senator Ali Modu Sheriff as the Chairman of the Peoples Democratic Party (PDP). Presided over by Justice Nwamaka Ogbonnaya, the court reaffirmed the sack on the ground…
Germany defeats Nigeria
Germany on Thursday disrupted Nigeria’s dream of picking the Rio Olympic football gold with 2-0 defeat. The Germans had shot into the lead through a ninth minute strike from Lukas Klostermann which they held on to until the 89th…
NNPC faults alleged NPA’s N5Billion debt
By Moses Ebosele – The Nigerian National Petroleum Corporation (NNPC) has blamed its agent, Daddo Maritime for the alleged N5 Billion debt the Corporation is owing the Nigerian Ports Authority (NPA). In a chat with City BusinessNews (www.citybusinessnews.com)…
CBN increases BDCs weekly sales to $50,000
The Central Bank of Nigeria (CBN) has increased the amount of foreign exchange that Bureaux De Change (BDCs) can access from $30,000 to $50, 000 per week. Speaking in Abuja on Tuesday, Directors of CBN and some Managing Directors of…
NDIC tasks Jaiz Bank on Corporate Governance
By Bademi Johnson – To successfully tackle various challenges facing Nigeria’s banking Industry, the management of Jaiz Bank Plc has been advised to strengthen its corporate governance mechanism. The Managing Director/Chief Executive Officer of Nigeria Deposit Insurance Corporation (NDIC), Alhaji…
Customs drag firm to court over alleged illegal importation, others
The Nigeria Customs Service, Federal Operations Unit has charged Mr Roland Uche Ogbonna, Managing Director of Elgusto Classic International before Hon. Justice Abdulazeez Anka of Federal High Court, Ikoyi, on three counts charge of illegal importation of furniture, breaking of…
‘Creative industry can generate one million jobs”
By Moses Ebosele – The creative industry in Nigeria is capable of creating one million jobs in the next three years if properly harnessed, Minister of information and Cukture, Alhaji Lai Mohammed has said. The creative industry encompasses television, music,…
Amaechi extols late Ojo Maduekwe’s virtues
The Minister of Transportation, Chibuike Rotimi Amaechi has extolled the virtues of the former Minster of Transport, Late Chief Ojo Maduekwe describing him as a great Administrator, Pan – Africanist and a shining Star in the nation’s political firmament. The…
Havelange, former FIFA President dies at 100
(AP) — Joao Havelange, who as president of FIFA for two decades transformed soccer’s governing body into a multibillion-dollar business and a hotbed for subsequent corruption that damaged its reputation, has died. He was 100. Havelange, who was suffering from…
Customs generates N385.7 Billion in six months
Between January and June this year, the Nigeria Customs Service (NCS) generated N385.7 Billion. NCS had within same period in 2015 generated N438.7 Billion. Public Relations Officer (PRO) of NCS, Wale Adeniyi, disclosed this to the News Agency of…
Union Bank declares N8.7B profit in six months
For the first six months of this year, Union Bank of Nigeria Plc recorded profit after tax of N8.7 Billion compared with N6.3 Billion within same period in 2015. According to the Bank, total assets also increased from N1.046…
Miners to get licence within 40 days
The Federal Government has put all necessary measures in place to ensure prospective miners secure necessary licenses within 40 days. Speaking in Abuja, Director General, Mining Cadastral Office, Mr. Ibrahim Amate, said there is a new vigour at the…
NSC to partner NITT on capacity development
The Nigerian Shippers’ Council (NSC) is to partner Nigeria Institute of Transport Technology (NITT) in the area of effective training and capacity development of its personnel. Speaking in Lagos when he received officials of NITT led by its Director…