GTBank proposes 25k interim dividend

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...
read more
FG raises committee on 13 % derivation for Lagos

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...
read more
‘Skye Bank is neither distressed nor liquidated’

‘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...
read more
Again, Court sack Sheriff’ as PDP National Chairman

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...
read more
Germany defeats Nigeria

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...
read more
NNPC faults alleged NPA’s N5Billion debt

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...
read more
CBN increases BDCs weekly sales to $50,000

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...
read more
NDIC tasks Jaiz Bank on Corporate Governance

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...
read more
Customs drag firm to court over alleged illegal importation, others

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 ...
read more
‘Creative industry can generate one million jobs”

‘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...
read more
Amaechi extols late Ojo Maduekwe’s virtues

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 fi...
read more
Havelange, former FIFA President dies at 100

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 f...
read more
Customs generates N385.7 Billion in six months

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...
read more
Union Bank declares N8.7B profit in six months

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...
read more