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  • Access Bank gets order to liquidate Negris over N2.7b debt

    A FEDERAL High Court, Lagos on Tuesday granted an application by the Access Bank Plc, urging it to appoint a provisional liquidator for Negris Holding Limited one of the nation’s leading indigenous multidiscipline engineering services group providing...

    • Posted September 30, 2011
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  • CBN to extend Islamic banking to other financial sectors – Sanusi

    THE Central Bank of Nigeria, CBN, said that plans are underway to extend the non-interest banking or Islamic banking principles to non-banking financial services. Some non-bank financial institutions, such as insurance companies, fund managers stockbroking firms have...

    • Posted September 30, 2011
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  • PHCN staff gets 50% salary increase

    THE Minister of Power, Professor Barth Nnaji, has directed the management of each of the 18 successor- companies created out of the Power Holding Company of Nigeria (PHCN) to start paying the staff a 50 per cent...

    • Posted September 29, 2011
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  • FCMB shareholders approves Finbank Acquisition

    First City Monument Bank Plc shareholders gave approval to the Nigerian lender to acquire FinBank Plc that was bailed out by the cental bank in 2009, First City Chairman Jonathan Long told reporters today in Lagos, the...

    • Posted September 29, 2011
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  • Notore Chemical Plans IPO in 2012

    Notore Chemical Industries Ltd. of Nigeria, a producer of fertilizer, plans to raise at least $300 million “sometime next year” in an initial public offering to finance its expansion, an official said. The company will use the...

    • Posted September 29, 2011
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  • MasterCard Appoints Omokehinde Ojomuyide Vice President of Business development

    MasterCard Worldwide has made two new appointments in its Nigerian office as part of its business development strategy to grow the company’s operations and presence in Nigeria and across West Africa. Omokehinde Ojomuyide was appointed Vice President...

    • Posted September 29, 2011
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  • What is the president reading now

    The Nigerian mind is rich in the raw material that can help realize the potential of the nation. The Nigerian mind is creative, imaginative and flexible. We have the unique capacity to initiate and innovate with the...

    • Posted September 29, 2011
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  • Standard Bank May Consider Buying GTBank – Renaissance Analyst

    Standard Bank Group Ltd., which this year reversed plans to expand internationally to focus on Africa, may buy a stake in Nigeria’s Guaranty Trust Bank Plc, the most profitable of the country’s four biggest banks. Africa’s biggest...

    • Posted September 29, 2011
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  • Shareholders Approves Sterling Bank, ETB merger

    Shareholders of Sterling Bank Plc and Equitorial Trust Bank (ETB) Limited yesterday approved the merger of the two banks, describing the merger as a fair deal. At their separate Extra-ordinary General Meetings (EGM)  in Lagos, shareholders overwhelmingly...

    • Posted September 29, 2011
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  • CitiServe granted Payment Terminal Service Provider License

    CitiServe Limited, a Vigeo Company, has been licensed by the Central Bank of Nigeria (CBN) to provide Payment Terminal Services to Nigerian Banks. The announcement is a conclusion of an exhaustive bidding process carried out by the...

    • Posted September 28, 2011
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