Home Topics Banking

Banking

Speaker of the House of Representatives, Rep. Femi Gbajabiamila on the floor, moving a bill on the Repeal of Quarantine Act, 2004 at plenary yesterday at National Assembly Abuja. . Photo by Gbemiga Olamikan. 2

House of Reps set up 30-man c’ttee to accelerate passage of PIB

A thirty-member committee, with five members drawn from each of the six geo-political zones of the country, is expected to start work on the bill in the third week of this month, newsmen learnt, weekend.
Graham Ivan Clark, 17, was arrested Friday in Tampa, where the Hillsborough State Attorney’s Office will prosecute him as an adult. He faces 30 felony charges, according to a news release.

Florida teen arrested as mastermind of Twitter hack

A Florida teen was identified Friday as the mastermind of a scheme earlier this month that commandeered Twitter accounts of prominent politicians, celebrities and technology moguls and scammed people around the globe out of more than $100,000 in Bitcoin. Two other men were also charged in the case.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Investors gain N73.07 billion as equities market adds 0.58% WoW

Despite weak sentiments, the Nigerian equities market closed positive last week as All Share Index (ASI) gain 0.58 per cent. Thus local bourse recorded its largest weekly gain in seven weeks.
Senator representing Kaduna Central zone, Malam Uba Sani, has flagged-off distribution of palliatives to two million households in the seven local government areas that makeup his constituency.

Senator Sani: New banking, financial bill long overdue

Senator Uba Sani representing Kaduna Central, in the upper chamber, stated that he is elated by the passage of his Bill for an Act to Repeal the Banks and Other Financial Institutions Act 2004.

Agbado Oke-Odo council inaugurates new vice chairman, secretary

Mr David Famuyiwa, Executive Chairman of Agbado Oke-Odo Local Council Development Area (LCDA) in Lagos, has inaugurated the new Vice Chairman and Secretary to the LCDA (SLG) at the Council’s Secretariat to fill in the existing vacancies.
Member Representing Ajaokuta Federal Constituency, Idirissu Lawal, has called on the Federal Government to take urgent step towards the conduct of a reliable population census in the country for effective planning.

House of Reps moves to block $30 billion annual revenue leakage

The House of Representatives has commenced investigations to identify and block revenue leakages that cost Nigeria in excess of $30 billion annually.
The Director General of the Securities and Exchange Commission, SEC, Lamido Yuguda, has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.

New SEC chief Lamido Yuguda assumes office

The Director General of the Securities and Exchange Commission, SEC, Lamido Yuguda, has stated that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.
Olufemi Gbajabiamila

Speaker Gbajabiamila: Nigerian government lacks resources to deliver on infrastructural projects

The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has said that the federal government does not have the resources to deliver on development ambitions and the infrastructural projects it had committed to as a result of the economic downturn.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

Nigerian stock market records N29 billion loss

Trading activities on the floor of the Nigerian Stock Exchange fell by 0.22 per cent on Thursday to halt its gaining streak as market speculators began profit-taking.
As part of its ongoing effort to revitalise the growth of SME’s in the Health Sector, Polaris Bank has announced the introduction of a new Polaris Health Sector Loan bundle to support the growth of the sector.

Polaris Bank optimistic on post-coronavirus performance

Polaris Bank plans to leverage its investment in cutting-edge information technology to harness emerging opportunities and mitigate the disruptive effect of the COVID-19 pandemic on its business.
Mr Bayo Olugbemi has been sworn in as the 21st president-chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).

Bayo Olugbemi sworn in as new CIBN president

Mr Bayo Olugbemi has been sworn in as the 21st president/chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN).
Senator representing Kaduna Central zone, Malam Uba Sani, has flagged-off distribution of palliatives to two million households in the seven local government areas that makeup his constituency.

Senator, CAN condemn Kajuru killings, sue for peace

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, and the Kaduna State chapter of the Christian Association of Nigeria (CAN) have condemned the spate of killings in communities in Kajuru Local Government Area of the state.
President of the Senate, Senator Ahmad Lawan, presiding over plenary on Tuesday at the National Assembly, Abuja.5

Senate receives President Buhari’s request to confirm Law Reform Commission, NDIC nominees

The Senate on Tuesday received President Muhammadu Buhari’s request for the confirmation of Professor Jumai Audi, as a Chairman of the Nigerian Law Reform Commission.
NECA’s Director-General, Mr Timothy Olawale, who made the call on Tuesday in Lagos, called for more specific and direct business sustainability schemes, to save the private sector.

2020 budget: OPS backs proposed $20 oil price benchmark

Members of the organised private sector (OPS) and some analysts have hailed the plan by the federal government to further review downward the oil price benchmark in the 2020 budget to $20 per barrel.
UBA SANI

Senator Sani donates N80 million foodstuffs to less privileged in Kaduna

The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has donated 12 trucks of food items worth N80 million for distribution as palliatives to the less privileged in Kaduna State.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Nigeria’s central bank levies $3.9 billion on banks to soak up liquidity, support Naira

Nigeria’s central bank has collected 1.4 trillion naira ($3.9 billion) from banks with excess cash holdings as part of measures to support the currency, banking sources told Reuters.
Gov. Simon Lalong in a statement by his Director of Press and Public Affairs, Dr Makut Macham, on Wednesday in Jos, said the roadmap was to brainstorm on economic recovery strategies for the state.

Plateau sets up post-coronavirus economy road map

The Plateau state government have set up a post COVID-19 economy road map for the state, as part of efforts to cushion the impact of the pandemic on the state’s economy.
Lagos State Governor, Mr Babajide Sanwo-Olu has appointed Dr. Emanuella Zamba as the new Acting General Manager for Lagos State Health Management Agency LASHMA.

Lagos governor reacts to Abba Kyari’s demise

Lagos state governor, Babajide Sanwo-Olu has condoled with President Muhammadu Buhari over the passing away of his Cheif of Staff, Mallam Abba Kyari.

Recent Stories

South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand falls as virus fears hit risk appetite

South Africa’s rand fell to its weakest in more than three weeks on Monday, as fears about the economic fallout from rising COVID-19 cases dented investors’ appetite for riskier assets.
Thiago Alcantara may be an “unbelievable” player, concedes Jose Enrique, but that does not make the Bayern Munich midfielder the “best fit” for Liverpool.

PSG join race to sign Bayern Munich star

Ligue 1 champions Paris Saint-Germain are reportedly set to challenge Liverpool in their pursuit of Bayern Munich star Thiago Alcantara.
Kasper Schmeichel is as good as any goalkeeper in the Premier League, according to Mark Bosnich, who says the Leicester No 1 would be a fantastic signing for Manchester United.

Mark Bosnich: Kasper Schmeichel would be ‘fantastic’ signing for Manchester United

Kasper Schmeichel is "as good as any goalkeeper in the Premier League", according to Mark Bosnich, who says the Leicester No 1 would be a "fantastic" signing for Manchester United.

Ondo guber: Deputy governor’s defection tears PDP apart

The planned defection of the deputy governor of Ondo state, Hon Agboola Ajayi, to the Zenith Labour Party this week is generating heat within his People Democratic Party.
The acting Managing Director of the commission, Prof. Kemebradikumo Pondei, also observed that the ongoing anti-Coronavirus measures including lockdowns of states contributed in dwindling the economy of the region.

NDDC interim chief reveals those scared of probe

The Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) says those who got “emergency contracts” are scared of the ongoing forensic audit.