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  • Banks, customers disagree on CBN’s bank account categorisation policy

    Bank customers have questioned the rationale behind the new policy of the Central Bank of Nigeria (CBN) on categorisation of bank accounts, saying it is counter-productive with respect to its cashless initiative. The CBN policy categorised bank...

    • Posted February 11, 2013
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  • Lagos seals off 43 shops, arrests traders

    Lagos State Government has sealed off 43 spare parts shops and arrested eight dealers over failure to register the businesses with the government. The spare parts shops, which are located in Maza Maza, Mile 2 area of...

    • Posted February 11, 2013
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  • AMCON seizes Babalakin’s property over N13.5bn debt

    The Asset Management Corporation of Nigeria, AMCON, has taken possession of three property in Lagos and Rivers states, belonging to Chairman of Bi-courtney, Mr Wale Babalakin, over a N13.5 billion debt owed Guaranty Trust Bank, GTBank Plc....

    • Posted February 11, 2013
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  • Delta State Government, FG to acquire 6,000 hectares for cassava production

    Misan Ukubeyinje, the Delta Commissioner for Agriculture and Natural Resources says the state and the Federal Government will acquire 6,000 hectares of land to boost cassava production in the state. Ukubeyinje said this on Wednesday in Asaba...

    • Posted February 8, 2013
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  • Aviation amendment bill passes second reading in House of Assembly

    A bill amending the Civil Aviation Act of 2006 on Wednesday in Abuja passed its second reading in the House of Representatives. The bill seeks to prescribe penalties for delays and cancellation of flights by airlines. Leading...

    • Posted February 8, 2013
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  • CBN to resolve grey areas with Micro Finance Banks

    The Central Bank of Nigeria and the National Association of Micro Finance Banks have agreed to set up a technical committee to resolve “Grey Areas’’ in the recapitalisation of micro finance banks. The national president of National...

    • Posted February 8, 2013
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  • FG awards contract for dredging Calabar Port

    The Managing Director, Nigerian Ports Authority (NPA), Habib Abdulahi, said on Thursday that the Federal Government had awarded the contract for the dredging of Calabar Port. Abdulahi gave the information when he paid a courtesy visit to...

    • Posted February 8, 2013
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  • House of the Week: Elegant N250m Five Bedroom Detached House For Sale in Lekki Phase 1

    Our property of the week, is this stunning 5 Bedroom Detached House located at Admiralty Way in Lekki, Lagos. This unique and elegant home, features various modern fixtures and fittings, which make it a beautiful edifice. All...

    • Posted February 8, 2013
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  • Rand Merchant Bank has no plan to list on NSE – MD

    The Group Chief Executive Officer of Rand Merchant Bank, Mr. Alan Pullinger, has said that the bank is not ready to list on the Nigeria Stock Exchange yesterday. Pullinger, who rang the closing bell of the Exchange...

    • Posted February 8, 2013
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  • Margaret Ekpo International Airport to be converted to Cargo Airport

    In line with the Aviation Minister’s Cargo Perishable Initiative, the Margaret Ekpo International Airport, Calabar has been designated as one of the nation’s Agro-Perishable cargo airports. This was disclosed by the Director, Cargo Development, Federal Airport Authority...

    • Posted February 7, 2013
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