Latest News

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  Keystone Bank fires senior management workers

  About a month after sacking a good number of its workers, Keystone Bank Limited has again fired a significant number of its workforce -majority of the affected employees belonged to the senior management cadre. Keystone Bank, one...

  • Posted December 28, 2013
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  NCRIB gives brokers survival tips

  The Nigerian Council of Registered Insurance Brokers has proffered strategic partnerships, mergers and acquisitions as survival options for insurance brokerage practitioners in Nigeria. The President of the council, Mr. Ayodapo Shoderu, said the options were to remove...

  • Posted December 28, 2013
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  External reserves fall $6bn below target

  The nation’s external reserves have again fallen by $6bn below the Federal Government’s $50bn target, according to the latest figures obtained from the Central Bank of Nigeria. The statistics showed the reserves recorded $43.93bn as of December...

  • Posted December 28, 2013
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  Fashola warns auto dealers to stop using road sides as showrooms

  Gov. Babatunde Fashola of Lagos State on Friday warned traders, especially auto dealers to stop making sections of the highways their showrooms. Fashola gave the warning when he inaugurated the reconstructed Kodesho Road and Simbiat Abiola Way...

  • Posted December 28, 2013
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  Alleged N15b fraud: Briton, four others to know fate December 30

  A Federal High Court in Lagos on Friday fixed Dec. 30 to decide the fate of a Briton, Gareth Wilcox, and four others, charged with N15 billion fraud. Wilcox, a former Managing Director of Ibom Power Company...

  • Posted December 28, 2013
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  N1.1b fuel subsidy fraud: Court dismisses Alao’s applications

  An Ikeja High Court on Friday dismissed three applications filed by an oil marketer, Abdullahi Alao, who is being prosecuted for an alleged N1.1 billion fuel subsidy fraud. The News Agency of Nigeria (NAN) reports that the...

  • Posted December 28, 2013
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  FG to concession jetties

  To ensure their optimal performance, the Federal Government plans to concession all its jetties to private operators next year. The Lagos Area Manager, National Inland Waterways Authority (NIWA), Mr Muhammed Sambo, told reporters that the government took...

  • Posted December 27, 2013
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  CBN, banks to raise agric sector loans to 7%

  The Bankers’ Committee is targeting a loan growth of seven per cent to the agricultural sector of the economy by 2015, Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi has said. The Bankers’ Committee is an...

  • Posted December 27, 2013
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  National carrier suffers setback as Aero repaints aircraft

  Indications emerged on Wednesday that the plan to unveil a new national carrier before the end of this year might have suffered another setback as Aero Contractors, touted to transform into the nation’s flag bearer, had repainted...

  • Posted December 27, 2013
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  Poor telecoms services mar Christmas celebrations

  Despite the threat by the Federal Government to sanction telecoms operators for poor quality of service by the end of this month, subscribers had all kinds of difficulties communicating with their loved ones in the days leading...

  • Posted December 27, 2013
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  Order forensic audit of oil earnings – FT tells Jonathan

  The Financial Times of London has advised President Goodluck Jonathan to order a forensic audit of oil and gas earnings in the country to enhance transparency and ensure that the country is not unnecessarily susceptible to oil price shocks....

  • Posted December 27, 2013
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  NAHCO handled 20 million passengers last year – Chairman

  The Nigerian Aviation Handling Company Plc handled over 20 million passengers moving in and out of Nigeria last year, the Chairman, Board of Trustees of the company, Alhaji Suleiman Yahyah, has stated. He also said the company...

  • Posted December 27, 2013
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  No premium no cover may reduce profitability next year – NIA

  The Nigerian Insurers Association, NIA, said that the insurance sector may witness reduced profitability in the next financial year due to the implementation of the ‘no premium, no cover’ policy of the National Insurance Commission, NAICOM. Director...

  • Posted December 26, 2013
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  Shareholders approve N40bn rights offer for Unity Bank

  Shareholders of Unity Bank have authorized directors of the bank to raise additional capital of N40 billion through Rights issue and Special/Private placement of its shares. The capital raising exercise is part of the bank’s business expansion...

  • Posted December 26, 2013
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