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Business

February, 2016

  • 18 February

    Sacked DGs disobey Buhari’s directive

    Buhari-budget-2016

    Some of the 26 sacked DGs from government agencies have acted in defiance of President Buhari’s directive – Buhari had directed the sacked DGs to vacate office and handover to the most senior officers – Some have refused to handover while some others handed over to those who were not the most senior officers Five of the 26 heads of ...

  • 18 February

    First Bank Raises Bar;Becomes 1st To Do N100m Volume In A Month

    First Bank Nigeria Plc has been recognized as the first financial institution in Nigeria to achieve a volume of N100 million transactions in a month by Interswitch Transnational, Africa’s leading integrated payment and transaction processing company. Confirming this development, Interswitch’s Divisional CEO, Switching and Processing Akeem Lawal said: “It really says something about the strength and development of electronic transactions ...

  • 17 February

    Diezani Alison-Madueke’s Show Of Power As Minister Revealed

    Diezani-Alison-Madueke

    Former Minister of Petroleum Resources Diezani Alison-Madueke unilaterally extended crude oil for refined products (oil swap) contracts, a former Nigeria National Petroleum Corporation (NNPC) Group Managing Director (GMD) Austin Oniwon alleged yesterday. Oniwon alleged that “the minister at the time extended the contract between the Petroleum Product Marketing Company  (PPMC) and its trading partners Duke Oil Company Incorporated and Trafigura ...

  • 16 February

    Senate Stops Fashola’s “Bitter Pill” Of 40% Electricity Tariff Increase

    tunde raji Fashola

    The senate has ordered the Ministry of Power led by Babatunde Fashola, the  Nigeria Electricity Regulatory Commission (NERC) and electricity distribution companies immediately stand down of the increase in electricity tariff by 40 percent. The order was given today, February 16, following nationwide protests against the increment last week. A senator representing Bauchi north, Suleiman Nafiz, called on the upper ...

  • 15 February

    $2.1b arms fund: Soft landing likely for those returning loot

    Dasuki-Sambo

    Constitutional lawyer and  Presidential Anti-corruption Advisory Committee Chairman Prof. Itse Sagay has hinted of a possible soft landing for treasury looters and corrupt politicians, who return their shares of the $2.1 billion arms procurement and other loot traced to them. Sagay, in an interview with The Nation in Warri, Delta State at the weekend, confirmed that some members of the ...

  • 15 February

    Union Bank Excites Customers,Raises Bar In Kaduna

    union bank - emeka emuwa

    Union Bank Plc has intensified efforts to ensure that its customers enjoy quality services and has adopted simpler and smarter banking products, services and processes. Speaking at UnionKorrect product launch the bank’s  Executive  Director (Public Sector) Ibrahim Kwargana, encouraged customers to migrate to mobile and online banking with the bank. Kwargana added that customers can open a UnionKorrect account with ...

  • 14 February

    STERLING BANK EMPHASIZES CLEAN ENVIRONMENT

    Sterling Bank, the one customer bank took its clean environment campaign to Jakande market in the Eti-Osa local government area of Lagos State. Staff came out to demonstrate the bank’s focus on the health and wellbeing of the individual by participating in the cleaning exercise. As part of Sterling Bank’s corporate social responsibility, initiatives such as this will contribute positively ...

  • 12 February

    Skye Bank,Others Conspire Over N24billion Police Pension Scam

    Mr.-Timothy-Oguntayo

    Sharp practices of banks in the looting of police pention fund has been exposed.Mustapha Gadanya, the fourth prosecution witness in the ongoing trial of the seven persons accused of complicity in the over N24 billion scam in the police pension office before Justice Hussein Baba Yusuf of the Federal Capital Territory High Court sitting in Maitama, Abuja, on Thursday told ...

  • 10 February

    Nestle,Glaxo Get Criminal Charges For Fake Promos, Consumers Protest, Shun Products

    nestle md

     Anti corruption search light of Buhari is focusing on GlaxoSmithKline Nigeria and Nestle Nigeria..Both are battling with monumental image crises,with the court of law and angry consumers on the other hand.Mass protest against their products is already spreading via words of mouth, negative demarketing.Now, the Federal Government had dragged both companies before a Federal High Court in Lagos for alleged ...

  • 9 February

    Stanbic IBTC Pension Managers enhances service channels

    Stanbic IBTC Pension Managers Limited in line with its commitment to enriching customer experience has said it would continue to broaden and enhance its service channels for efficient service delivery. This, the leading pension fund administrator in the country said, is in fulfillment of its promise to provide quality and stress-free pension fund administration and financial management services to its ...