House of Representatives has urged the federal government to direct the Joint Security Task Force stationed in Benue to initiate a full coordinated security operations to flush out the bandits in the state to allow the farmers to return to ...
Read More »Category Archives: Finance & Economy
Feed SubscriptionPetrol Price: Labour, CSOs Kick As NNPCL Blames Market Forces For Increase
The Nigeria Labour Congress (NLC) and civil society organisations (CSOs) are among those who kicked against the sudden increase in the pump price of petrol yesterday. The Nigerian National Petroleum Company Limited (NNPCL) had, again, yesterday, raised the pump price ...
Read More »EuroMoney Names GTBank Nigeria’s Best Bank
Guaranty Trust Bank (GTB) Limited has been named Best Bank in Nigeria at the Euromoney Awards for Excellence 2023. This marks a record 12th time that Guaranty Trust Bank has been recognised as the leading financial institution in Nigeria. Announcing ...
Read More »FG Owing Us N323bn – TETFUND
Tertiary Education Trust Fund (TETFund) has said the federal government is owing it the sum of N323 billion. Executive secretary of Fund, Arch Sonny Echono, disclosed this at an investigative hearing on the alleged missing N2.3 trillion in the Fund ...
Read More »CBN Blacklists Bank Directors With Bad Loans
In continuation of financial reforms introduced since the inauguration of President Bola Ahmed Tinubu, the Central Bank of Nigeria (CBN) has said it would sanction and blacklist bank directors with loans that remain non-performing for more than one year. The ...
Read More »POOR POWER SUPPLY: Nigeria Loses $29bn, Manufacturers Spend N10.1trn On Energy Annually– AfDB
President African Development Bank (AfDB) Dr. Akinwumi Adesina has called for an industrial revolution and manufacturing digitalisation. The AfDB boss also raised concerns over the epileptic power supply in Nigeria, which he said, had caused the nation’s manufacturing sector to ...
Read More »Rehabilitation, Digitalisation Of Nigerian Ports To Achieve Global Competitiveness
In Nigeria, the federal government through the Nigerian Ports Authority (NPA), is currently driving port efficiency through digitalisation and planned rehabilitation of collapsed port infrastructure such as quay aprons, venders among others for global competitiveness. The NPA’s aggressive drive for ...
Read More »Tribunal Imposes N120m Fine On Bank Over Failed Transaction
Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja yesterday imposed a fine of N120 million against Stanbic-IBTC Bank over the bank’s failure to complete a transfer request for a customer. In a split decision of two to one, the ...
Read More »Stop Excess Charges, Illegal Deductions, Reps Tell Commercial Banks
The House of Representatives yesterday asked commercial banks operating in the country to stop excess charges and illegal deductions from their customers. The call came as the House unanimously adopted a motion by Godwin Offiono from Cross River at plenary. ...
Read More »Dangote: Empowering Host Communities’ Students Through CSR
Dangote Group is well known for its commitment in the Corporate Social Responsibility(CSR) initiatives for its host communities. Its subsidiary, Dangote Granite Mines, Ijebu Igbo is following the footstep as it awarded multi-million-naira scholarships to 60 host communities’ students in ...
Read More »