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Patrick Akinwuntan

Ecobank Nigeria appoints Patrick Akinwuntan managing director-designate

The Board of Directors of Ecobank Nigeria Limited on Thursday announced the appointment of Patrick Akinwuntan as the Managing Director designate of the bank.
Isaac Okorafor

Central bank to prosecute commercial banks, staff over money hawking

Mr. Isaac Okorafor, Acting Director, Corporate Communication Department of CBN, who gave the warning in Asaba during a seminar titled ‘’Promoting financial stability and economic development’’ insisted that CBN would punish and dismiss any of its staff caught in such act.

NEXIM calls for speedy passage of factoring bill

The Nigerian Export-Import (NEXIM) Bank has called for the speedy passage of the Factoring Bill presently before the national assembly to enable the country tap into €2.6 trillion global factoring market.

Central bank sustains forex intervention, injects fresh $210 million

The Central Bank of Nigeria (CBN) yesterday, injected the sum of $210 million into the inter-bank foreign exchange (forex) market.

Police arrest five for selling fake dollars in Gombe

The Police in Gombe has said it has arrested a five-man syndicate that specialise in defrauding unsuspecting members of the public through the sale of fake American Dollar notes in Gombe.

Now is the time

Who can blame them? There is little to convince anyone that Nigeria values life. If it is not communal clashes, it is tankers and trailers. If it is not malaria, it is cholera, or some other disease long forgotten in much of the world. If it is not armed robbers, it is SARS. It is sometimes difficult to tell the difference between the two.

Governor Dankwambo: I won’t just be president but a warrior against poverty, injustices

A frontline presidential aspirant on the platform of the Peoples Democratic Party (PDP), Ibrahim Hassan Dankwambo, said at the weekend that, if elected president in 2019, he would declare war on poverty and injustices in the country.

House of Reps to question ex-Presidents Obasanjo, Jonathan, Kemi Adeosun, others over Abacha loot

A panel of the House of Representatives will question former Presidents Olusegun Obasanjo and Goodluck Jonathan over the recovery of money stolen by a former military Head of State, late Gen. Sani Abacha.
Nigeria Stock Exchange

Stock market loses N320 billion on profit-taking, political uncertainties

With two weeks into the second half (H2) of the year, the Nigerian equities market has lost a total of N320 billion following weak demand by investors who are adopting cautious trading.

Osun government approves N377 million loan for rice farmers

Osun State Government has approved N377.1 million agriculture loan for 1,000 rice farmers to cultivate 1,000 hectares of farmland in the state.

IMF: Nigeria’s economic recovery still challenging

The International Monetary Fund (IMF) says Nigeria’s economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term.

Ekiti guber: Police not in support of any political party – spokesperson

The Nigeria Police Force has assured electorates in Ekiti State ahead of the July 14 election that the police will ensure adequate security noting that the force does not belong to any political party.

Two NYSC members receive Sultan’s awards in Sokoto

Two members of the National Youth Service Corps (NYSC), Aminat Dauda from Ogun and Gbenga Osuntan from Ondo State have received the Sultan’s awards for Excellent Service in Sokoto rural communities.

Bill to amend compulsory UBE Act passes second reading

A Bill to amend the free and compulsory Universal Basic Education Act passed second reading on Thursday at the House of Representatives.
Mr. Okwu Joseph Nnanna (Deputy Governor, Central Bank of Nigeria), Mauritius, March 2, 2015.

Central bank deputy chief calls for speedy passage of factoring bill

The Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Dr. Joseph Okwu Nnanna, has called on the National Assembly to expedite action on the passage of the Factoring Bill currently before the parliament.
L-R: Senator Samuel Nnaemeka Anyanwu, Vice Chairman, Senate Committee on Banking, Insurance and other Financial Institutions; Chairman of the Senate Committee, Senator Rafiu Adebayo Ibrahim and Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru discussing during the Senate Committee retreat on the Amendment of the AMCON Act at the Intercontinental Hotel, Lagos on….Thursday

Senator: National Assembly must empower AMCON to recover N4.8 trillion debts

The National Assembly has been enjoined to as a matter of urgency empower the Asset Management Corporation of Nigeria to go after recalcitrant obligors.
1 The Independent National Electoral Commission (INEC) on Thursday distributed sensitive materials to all 16 local government areas in Ekiti state ahead of the governorship election.

INEC begins distribution of election materials in Ekiti

Ahead of tomorrow’s election in Ekiti State, the Independent National Electoral Commission (INEC), Thursday, commenced distribution of sensitive election materials in all the 16 local government areas of the state.
8 The Independent National Electoral Commission (INEC) on Thursday distributed sensitive materials to all 16 local government areas in Ekiti state ahead of the governorship election.

In Pictures: INEC moves election materials from CBN to Ekiti local councils

The Independent National Electoral Commission (INEC) on Thursday distributed sensitive materials to all 16 local government areas in Ekiti state ahead of the governorship election.

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Gianfranco Zola - Maurizio Sarri

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N-Power beneficiaries to reach 500,000 in August

The Muhammadu Buhari administration has concluded arrangements to deploy 300,000 new beneficiaries in the second batch of its N-Power Volunteers Corp.

Ekiti chief judge pardons 44 inmates

The Ekiti Chief Judge, Justice Ayo Daramola, on Thursday granted pardon to 44 inmates of the Ado-Ekiti Federal Prisons.

2019: Ex-VP Atiku Abubakar only candidate that can wrestle power from President Buhari – PDP

The Adamawa State chapter of the Peoples Democratic Party, PDP, has declared that former Vice President, Alhaji Atiku Abubakar, remains the only formidable candidate to wrestle power from President Muhammadu Buhari come 2019.