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Report: Emerging markets still deprived of fit-for-purpose financial systems

The lack of an efficient and resilient financial system is still holding back inclusive and sustainable growth in emerging markets. Policymakers, regulators and financial services organisations should more actively shape a financial system that is fit for purpose.

Bride, 13 others killed in Philippine truck accident

Thirteen people including a bride-to-be and two children were killed when the truck they were riding on after attending a traditional pre-wedding ceremony rolled over on a mountain road, police said Sunday.
Seyi Makinde

Oyo government appoints Due Process chief

The Oyo State Government has named Ms. Tara Adefope as the Director General of Due Process Office.

Bank chiefs to go tougher on bad debtors

The Committee of Banks’ Chief Executive Officers in Nigeria has said that there is an urgent need for all banks to cooperate and collaborate to identify and go tougher on chronic debt defaulters.
SEATTLE, WA – MARCH 22/ A Boeing 737 MAX 9 test plane is pictured at Boeing Field on March 22, 2019 in Seattle, Washington. 737 MAX airplanes have been ground by multiple aviation authorities after two two 737 MAX 8 airplanes crashed within five months of each other. Stephen Brashear/Getty Images/AFP

Boeing abandons 2019 outlook after 737 MAX groundings

Boeing Co. on Wednesday abandoned its 2019 financial outlook, saying it halted share buybacks in mid-March and announced one billion dollar in increased costs, due to the grounding of its 737 MAX jets.
Qatar Airways

Qatar Airways backs Boeing, despite MAX crash crisis

Qatar Airways threw its support behind Boeing on Monday as the U.S. plane maker faces its biggest crisis in years after two deadly crashes of its flagship 737 MAX jet.
Boeing 737 Max Airliners

Boeing invites pilots, regulators for return of 737 MAX to service

Boeing Co said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service.
A former Pennsylvania pediatrician Dr. Johnnie Barto, will likely spend some time in prison after he pleaded guilty in December to some counts in the sexual assault of 31 children.

Pediatrician in trouble for sexually assaulting 31 children

A former Pennsylvania paediatrician Dr. Johnnie Barto, will likely spend some time in prison after he pleaded guilty in December to some counts in the sexual assault of 31 children.

Facebook hit by outage in Europe, the Americas, Asia

Facebook on Wednesday grappled with what was described as its biggest outage in history as users in parts of Australia, Asia, Europe, South America and North America faced service troubles.
Nigerian Stock Exchange NSE

Stock market gains N77 billion on renewed bargain hunting

Local equities rebounded on resumed bargain hunting activities, overall performance measures, NSE All Share Index (ASI) grew by 0.68 per cent, halting the previous day’s loss.
Mary Uduk

SEC tasks Nigerians to use Green Bonds to tackle infrastructure gap

The Securities and Exchange Commission (SEC) on Tuesday said the nation’s huge infrastructure gap could be addressed with investments in sustainable finance initiatives such as Green Bonds.
Mary Uduk

SEC launches green bonds issuance rules

The Securities and Exchange Commission (SEC) on Monday officially launched the Green Bonds Issuance Rules to support the development of a Non-Sovereign Green Bond market in Nigeria.
Vice President Yemi Osinbajo

Osinbajo tasks Canadian investors on opportunities in Nigeria

Vice President, Prof. Yemi Osinbajo, has urged Canadian investors to explore the opportunities that abound in Nigeria’s education, health and transport sectors.
Minister of State for Aviation, Hadi Sirika

Nigeria Air: Federal government to engage aviation stakeholders, public

Plans of reviving the suspended Nigeria Air project was mooted, on Monday, as the Minister of State, Aviation, Hadi Sirika, said he would engage industry stakeholders and the public on the matter to ensure it eventually comes into fruition.
ladol free trade zone

LADOL sues Samsung over alleged disregard for Nigerian laws, regulations

Lagos Deep Offshore Logistics (LADOL), operators of the Egina Floating Production Storage and Offloading (FPSO), has sued its partner Samsung Heavy Industries, over an alleged disregard for Nigerian laws and regulations on doing business.

Twitter suspends over 70 million accounts in two months

Twitter Inc. suspended more than one million accounts a day in recent months to reduce the flow of misinformation on the platform, the Media reported.
Skye Bank

Central bank renews mandate of Skye Bank board

The Central Bank of Nigeria (CBN) has renewed the mandate of the board of Skye Bank for additional two years.

Wilbur Ross: 5G is a priority for Donald Trump administration

The U.S. commerce secretary said on Tuesday that building a next-generation 5G mobile network was a priority for President Donald Trump’s administration, boosting the argument behind the proposed merger of wireless carriers Sprint and T-Mobile.

Recent Stories

Shareholders condemn SEC’s suspension of Oando annual general meeting

The Pramatic Shareholders Association of Nigeria (PSAN) has condemned the Securities and Exchange Commission's (SEC) suspension of the 42rd Annual General Meeting of Oando Plc which was scheduled to take place on Tuesday, June 11, 2019.

Senator Ndume: Senate president election was free, fair

Sen. Ali Ndume (APC-Borno) on Tuesday, described the conduct of the senate president election for the 9th National Assembly as ”free and fair.”

Court remands four suspects in Ilorin prison over alleged murder

An Ilorin Magistrates’ Court on Tuesday ordered the remand of four men at the Oke-Kura Prison, Ilorin, for the alleged murder one Isiaka Sikiru.

Nigeria’s Pelfaco signs oil production sharing deal with Congo Republic

Nigerian private oil and gas company Pelfaco signed a production sharing deal with Congo Republic’s state energy firm on a 32-million barrel oil field on Tuesday, Congo’s oil ministry said.
Ahmad Lawan, majority leader of the senate, says the national assembly will not become President Muhammadu Buhari’s “rubber stamp” if he is elected senate president.

President Buhari congratulates new National Assembly presiding officers

President Muhammadu Buhari has congratulated heartily the newly elected presiding officers of the Ninth National Assembly.