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‘The oil marketers are greedy lots, who continually devise different strategies to bridge the fuel distribution network for their pecuniary gains. With their greed, it will not be right for the Federal govt to deregulate the oil sector, which will leave the citizens at the mercy of the greedy marketers. ‘Until fuel importation is replaced with internal production of fuel, ...
Business
May, 2016
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7 May
Pathetic photo of late Nigerian footballer, Rashidi Yekini’s mum
Rashidi Yekini was a Nigerian footballer whose professional career spanned for more than two decades. The former Super Eagles striker died four years ago in Ibadan, Oyo State, after a brief but serious illness. This is his mother…she sells bread for survival
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7 May
Budget signing won’t change anything ‘..Notable Economist, Boyo, Warns Nigerians
Budget signing won’t change anything –Economist, Henry Boyo is warning nigerians not to be overly excited about the budget of change… ‘Every year, the media celebrates the budget passage as if the only problem with the economy is because it had not been signed. In most cases, the budget is normally passed around April or May. Even when it is ...
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7 May
EFCC Quizzes Access Bank MD
Officials of the Economic and Financial Crimes Commission (EFCC) raided the headquarters of Access Bank Plc. in Lagos on friday, and arrested the bank’s managing director, Herbert Wigwe. An EFCC source disclosed that Mr. Wigwe was quizzed regarding funds laundered through the bank by officials of the Nigerian Maritime Administration and Safety Agency (NIMASA). Our EFCC source stated that the ...
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6 May
Sterling Bank’s shares gain 3.2% as Moody’s reaffirms ratings
Moody’s Investors Service, a leading global rating agency, has re-affirmed the resilience of the Sterling Bank franchise by maintaining the lender’s standalone Baseline Credit Assessment (BCA) ratings of B3. This cheery news came hours after the lender’s share price appreciated by 3.25 per cent in today’s trading on the Nigerian Stock Exchange (NSE) to close at N1.59 per share, indicating ...
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5 May
EFCC Quizzes Sterling Bank MD,Yemi Adeola For 3hrs! ,..Ex Gov Udenwa Too
The operatives of the Economic and Financial Crimes Commission on Wednesday stormed the headquarters of Sterling Bank Plc in Lagos for an undisclosed investigation. One of our correspondents gathered that the operatives of the anti-graft agency quizzed the Managing Director of the bank, Mr. Yemi Adeola, for over two hours, but the details were not disclosed. When contacted on the ...
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4 May
FCMB deepens retail banking drive
First City Monument Bank (FCMB) Limited has continued to build a valuable franchise in the retail space. The lender has not only created innovative products and service offerings that resonate with the needs and lifestyles of the market, but also provide superior customer service that meets clients’ needs. This conscious drive by the bank to carve a niche for itself ...
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4 May
Buhari Returns Budget For The 3rd Time, Demands Final Copy
The nation may still have to wait a little more over the 2016 budget. This is because the National Assembly committee and the one set up by the Presidency to rework the budget could not immediately work out answers to the issues that made the President to reject the budget in the first place. But to get over the issues, ...
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4 May
UBA Counts Blessings, Operates in 18 African countries, Targets 25
The United Bank for Africa plans to extend its presence to six more African countries to bring the number to 25 as part of its continent-wide expansion drive. Apart from Nigeria, the bank presently operates in 18 other African countries and has reported strong growth in the subsidiaries, which now contribute about 25 per cent of the group’s operating revenue. ...
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4 May
CBN Officials Visits Fidelity Bank Headquarters
In line with the official statement that Fidelity Bank is cooperating with authority in the course of investigation,Officials of the Central Bank of Nigeria’s Compliance Unit on Tuesday visited the headquarters of Fidelity Bank Plc in Lagos in connection with the ongoing investigations into the $115m (N23bn) scam involving the Managing Director of the bank, Mr. Nnamdi Okonkwo, and the ...
