Business Archives — Page 546 of 562

August 19, 2016 No Responses

FCMB blames NPA for non-remittance of funds

By Moses Ebosele – The management of First City Monument Bank (FCMB) has admitted receiving Euro payments for Nigerian Ports Authority (NPA). Briefing the Nigerian Stock Exchange (NSE) in a statement obtained by City BusinessNews (www.citybusinessnews.com) on Thursday,...

August 19, 2016 No Responses

Buhari tasks African Central Banks on repatriation of stolen funds

President Muhammadu Buhari has urged African Central Banks to play crucia role in the repatriation of stolen funds. Speaking at a meeting of the association of central bank governors in Abuja, Buhari called for the removal of all bureaucracies...

August 19, 2016 No Responses

Appeal Court nullifies Judgment sacking Ikpeazu as Governor

The Court of Appeal sitting in Abuja on Thursday upturned the judgments of Justice Okon Abang-led Federal High Court in Abuja which removed Governor Okezie Ikpeazu of Abia State from office. Ikpeazu’s appeal was in regard to the ruling delivered...

August 19, 2016 No Responses

Kano registers 1,042 for mass wedding

(NAN)The Kano State Hisbah Board said on Thursday that it had registered 1, 042 prospective couples in 18 local government areas of the state for the state government’s mass wedding programme. The Director-General of the board, Abba Sufi, told the...

August 18, 2016 No Responses

First Bank denies alleged concealment of NPA’s N11.2Billion

By Moses Ebosele – First Bank Nigeria has denied any involvement in the alleged concealment of N11.2 Billion belonging to the Nigerian Ports Authority (NPA). In a statement sent to the Nigerian Stock Exchange (NSE) and obtained by City BusinessNe...

August 18, 2016 No Responses

GTBank proposes 25k interim dividend

For the half year ended June 30, 2016, Guaranty Trust Bank Plc has proposed 25 kobo interim dividend. In its report to the Nigerian Stock Exchange (NSE), the Bank also declared gross earnings of ₦209.9 billion, an increase of 37...

August 18, 2016 No Responses

FG raises committee on 13 % derivation for Lagos

By Ibhade John – A committee charged with the responsibility of disbursing 13 per cent Derivation Fund to Lagos State has been raised by the Federal Government. Chairman of the Indices and Disbursement Committee of the Revenue Mobilisation All...

August 18, 2016 No Responses

‘Skye Bank is neither distressed nor liquidated’

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...

August 18, 2016 No Responses

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...

August 18, 2016 No Responses

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...

August 17, 2016 No Responses

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.city...

August 17, 2016 No Responses

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...

August 17, 2016 No Responses

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 Nig...

August 17, 2016 No Responses

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 ...