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Sterling bank takes financial literacy to Imo, hosts Lagos schools

Sterling Bank Plc has taken its financial inclusion drive to the next level with the training of over 20,000 secondary school students nationwide, to mark the 2018 edition of the Financial Literacy Day.

House of Reps to probe alleged diversion of N2bn, $3.8m from sale of PHCN

The house of representatives has resolved to investigate the alleged diversion of N2 billion and $3.8 million interests on the proceeds of the sale of Power Holding Company of Nigeria (PHCN).

Nigeria stock market sustains growth with 0.22 percent

The Nigerian Stock Exchange market indicators on Tuesday sustained growth for the second trading day, growing by 0.22 per cent.

PHCN sale: Reps to probe alleged loss of N2bn, $3.8m interests

The House of Representatives is to investigate the alleged loss of two billion naira and 3.8 million dollars through banks’ non-payment of interests on the proceeds of the sale of PHCN successor companies.

2018: Nine banks to meet new central bank dividend payout policy – report

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently.

N8bn scam: Court overrules defendant on admissibility of evidence

The Federal High Court in Ibadan on Tuesday overruled a defendant, Kolawole Babalola, on the admissibility of the evidence tendered against him in the N8 billion CBN currency scam case.

Nigerian Stock Exchange market capitalisation hits all-time high

The price rally on the Nigerian Stock Exchange (NSE) continued on Wednesday with the market capitalisation hitting all-time of N16.080 trillion.

Abubakar Suleiman named new Sterling Bank chief

Sterling Bank Plc has appointed Abubakar Suleiman as its new Managing Director/Chief Executive Officer, CEO.

Oil stocks lift Nigerian Stock Exchange indicators by 1.28 per cent

The Nigerian Stock Exchange (NSE) market indicators on Thursday improved by 1.28 per cent due to gains posted by some petroleum equities.

Yuletide: Overwhelming queues at ATMs in Bayelsa

Commercial Banks in Yenagoa, the Bayelsa Capital, on Saturday witnessed heavy influx of customers at many Automated Teller Machines (ATM) centres.

Trading closes upbeat on NSE following Nestle’s N30.95 gain

Nestle Nigeria lifted activities on the Nigerian Stock Exchange (NSE) on Wednesday with a gain of N30.95 to reverse the two-day negative trading.

AMCON, Sterling Bank fingered in illegal land sale

The Asset Management Corporation of Nigeria (AMCON) and Sterling Bank have been accused of the illegal sale of portions of Victory Park Estate belonging to an indigenous real estate development company, Grant Properties Limited (GPL).

Delta economic think-tank empowers ‘agripreneurs’

The Delta Economic Summit Group (DESG) has empowered several agripreneurs at a seminar hosted by the Delta Small and Medium Development Agency (DEMSMA) during the Global Entrepreneurship Week.

Transition from firewood to gas to generate N10 billion revenue by 2019 – NLPGA

Over $10billion will be generated for the economy from the switch of 50 per cent kerosene and firewood users by 2019, according to the Nigerian Liquefied Petroleum Gas Association (NLPGA).

Bayelsa Assembly approves Governor Dickson’s N40 billion loan request

The Bayelsa House of Assembly on Thursday approved N40 billion loan for the state government to complete ongoing projects.

NSE market capitalisation increases by N72bn

Transactions on the Nigerian Stock Exchange (NSE) for the third consecutive day on Wednesday closed upbeat, as the market capitalisation rose by N72 billion on gains by major blue chips.

Court adjourns alleged $16.4m, N100.5m debt suit against Stella Oduah until November 8

A Federal High Court in Lagos on Thursday, adjourned until Nov. 8, hearing in a suit by Sterling Bank against a former Aviation Minister, Sen. Stella Oduah, over alleged indebtedness.

How Abba Moro, others shared N675m NIS recruitment money – witness

Two prosecution witnesses appeared before the Federal High Court in Abuja on Wednesday, narrating how the sum of N675,675,000 realised from 675,675 applicants who applied for job placement at Nigerian Immigration Service in 2014, was shared.


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