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Stanbic IBTC offers low-interest agric loans

Stanbic IBTC Bank Plc has reaffirmed its commitment to the growth of Nigeria’s agriculture sector by supporting farmers and other players in the agricultural value chain.

N9.7 billion fraud: Court acquits ex-NAF chief on 6 out of 7-count charge

The Abuja Division of the Federal High Court, on Tuesday, discharged and acquitted the former Chief of Air Staff, Air Marshal Mohammed Umar Dikko, on six out of the seven-count money laundering charge the Economic and Financial Crimes Commission, EFCC, preferred against him.

AGPC secures $260 million financing for $650 million gas processing facility

ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant. The financing was more than 50percent oversubscribed.
Stanbic IBTC

Stanbic IBTC closes Bureau de Change operations

Stanbic IBTC Bureau De Change Limited (SIBDC), a subsidiary of Stanbic IBTC Holdings Plc, has announced the closure of its Bureau de Change operations.
Stanbic IBTC

Stanbic IBTC Bank reacts to Ascon Oil story

The management of Stanbic IBTC Bank PLC (“the Bank”) has reacted to a publication by various online media, which purports to indicate that Ascon Oil Limited (“Ascon”) ‘retook possession’ of a property along Lekki Admiralty Way, pursuant to an alleged Court Order issued in their favour.

GSI: Banks notify customers of move to seize debtors’ funds

As the Global Standing Instruction (GSI) policy of the Central Bank of Nigeria (CBN) came into force at the weekend, many commercial banks have notified customers of their readiness to seize debtors’ funds across financial sector.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Nigerian banks to limit debit card spending abroad to ease forex risk

Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settlement risk.
Mr. Haruna Momoh, a former managing director of the Pipelines and Product Marketing Company (PPMC), and his wife, Eileen have berated the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and accused it of mischief following its claim that it obtained an interim injunction to seize about N2.9 billion naira belonging to the couple. The ICPC said it traced the cash to bank accounts in Nigeria.

Former PPMC boss used wife to launder $700 million – witness tells court

Mrs Jane Asuquo, an Independent Corrupt Practices and Other Related Offences Commission (ICPC)’s witness, on Wednesday, told a Federal High Court, Abuja, that Haruna Momoh, former Managing Director, Pipelines and Products Marketing Company (PPMC), used his wife, Ochuko, to launder the agency’s 700 million dollars.
Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) have unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level.

PSHAN, Aigboje Aig-Imoukhuede kick off design phase of PHC adoption programme

Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) have unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level.
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.

Central bank, bankers committee suspend planned lay-offs in banks

The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
Dr Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC

Demola Sogunle: Nigerian businesses need to position themselves

Nigerian businesses need to prepare and brace themselves for a highly challenging period ahead as the coronavirus pandemic disrupts day-to-day life and commerce.

N8.5bn fraud: General Atewe bought 30,000 units of shares for N170 million – witness

A prosecution witness, Howard Edafe, in the ongoing N8.5billion fraud case involving a former Joint Military Task Force Commander, Maj.-Gen. Emmanuel Atewe (retd.), on March 12, 2020 told Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos, how Atewe bought 30,000 units of shares from MTN Links for N170,350,000.00 (One Hundred and Seventy Million, Three Hundred and Fifty Thousand Naira) between 2014 and 2015.

How to boost cyber security – experts

Stakeholders the Nigerian cyber security space under the aegis of the Information Security Society of Africa-Nigeria (ISSAN) have called for collaborations in boosting cyber security in the country.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

Court remands Kwara TV chief over land fraud

The Ilorin Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Wednesday 6th of November 2019 arraigned the General Manager of Kwara State Television Authority, Alhaji Abdulfatai Adewale Adebowale on a six count charge bordering on practices.
NANS President, Bamidele Akpan Ex Big Brother Africa Star, Tayo Faniran, and Mrs Abike Dabiri-Erewa and others at a Press Conference in Abuja following a recent xenophobic attack.

NANS tells South Africans to close companies, leave Nigeria

Following the increasing number of xenophobic attacks against Nigerians in South Africa, the National Association of Nigerian Students, NANS, has ordered that all South Africans and their companies operating in Nigeria to shut down within seven days and move out of the country.
Jelani Aliyu

Jelani Aliyu: Nigerians’ll soon access single-digit interest car loans

The Federal Government has opened talks with three banks in Nigeria to facilitate the establishment of single-digit interest loans for buyers of new vehicles being assembled in Nigeria.

Court attaches Imo’s accounts in central bank, 16 other banks over N1.5 billion debt

A High Court of the Federal Capital Territory (FCT), Abuja has ordered the attachment of funds in accounts owned by the Imo State Government in the Central Bank of Nigeria (CBN) and 16 other banks in the country.

N9.7 billion fraud: Ex-Naval chief was converting N558.2 million monthly to personal use –...

The ongoing trial of former Chief of Air Staff, Air Vice Marshal Mohammed Umar Dikko, before Justice Nnamdi Dimgba of the Federal High Court, Maitama, Abuja, for offences bordering on alleged money laundering and procurement fraud to the tune of N9.7 billion resumed yesterday with the examination of the prosecution’s ninth witness.
National Judicial Council | NJC

Stakeholders seek NJC intervention on violence during Rivers elections

Stakeholders in Rivers State on Tuesday has called on the National Judicial Commission (NJC) to ensure justice is meted out to perpetrators of violence during and after the 2019 general elections.

Supreme Court fixes date to decide on Patience Jonathan’s accounts

The Supreme Court has reserved judgment till March 8, 2019, in the appeal lodged by wife of former President Goodluck Jonathan, Patience, contesting the powers of the Economic and Financial Crimes Commission (EFCC) to size funds in bank accounts that were linked to her.
Stanbic IBTC

Stanbic IBTC inaugurates Africa-China banking centre

In a move aimed at offering Nigerian and Chinese clients a business-to-business networking and personal advisory service and also help them to access and unlock opportunities in Nigeria-China trade, Stanbic IBTC Bank Plc has commissioned an Africa-China Banking Centre (ACBC) in Lagos.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

$8.1bn row: MTN says seeking ‘acceptable solution’ to dispute

Telecoms firm MTN says it is holding talks with Nigerian officials to find a “mutually acceptable solution” to a dispute over the alleged transfer of 8.1 billion dollars.

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Bill and Melinda Gates in Paris, France, on 21 April 2017. Frederic Stevens-Getty Images

Divorce: Bill and Melinda Gates kids to inherit $10 million – report

After Bill and Melinda Gates’ divorce documents revealed the couple never had a prenup, many are wondering how the couple, with a combined net worth of $130 billion, will split their assets.
“At this moment, l cannot say how many students were taken away by the gunmen until l get there, but we have already mobilized security men and members of the vigilantatè who are now in pursuit of the abductors,” the commissioner stated.

MBF: Nigerian government watches helplessly as bandits hold sway

The Middle Belt Forum has described as sad the threat by bandits to kill the students they abducted from Greenfield University, Kaduna.
election inec nigeria

Lagos council poll: LASIEC cautioned against conducting elections in 37 LCDAs

Ahead of the forthcoming local government election in Lagos State, a group, United Foundation for Survival and Sustainability, has cautioned the Lagos State Independent Electoral Commission (LASIEC), against conducting the poll in 37 Local Council Development Areas (LCDAs).
The Glazer family have ‘no plans’ to sell Manchester United despite protests from the club’s supporters inside Old Trafford on Sunday.

Glazers have ‘no plans’ to sell Manchester United despite Old Trafford protests

United’s Premier League fixture with Liverpool was postponed on safety grounds following protests from the Red Devils’ supporters, with around 100 fans entering the stadium and invading the pitch in a demonstration against the club’s controversial ownership.
Romelu Lukaku has claimed that he would fight to the death for Antonio Conte while hailing the Inter boss following the team's 2020-21 Scudetto triumph.

Romelu Lukaku hails Inter boss after Serie A title triumph

Romelu Lukaku has claimed that he would "fight to the death" for Antonio Conte while hailing the Inter boss following the team's 2020-21 Scudetto triumph.

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The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

PAEC: Nigeria needs $1.6 trillion to lift 100 million out of poverty

As the nation battles the spike in poverty rate, the Presidential Economic Advisory Council (PEAC) has disclosed that $1.6 trillion was needed to effectively tackle the scourge in Nigeria within a period of 10 years as it expressed optimism in the ability of the federal government to achieve poverty reduction within the specified time frame.

Former Afenifere scribe calls for reconciliation of Yoruba political groups

Former General Secretary of Afenifere Ayo Opadokun has called on all serious-minded political groups in Yorubaland to bury their differences, make room for reconciliation and close ranks to be able to confront the many challenges the country currently faces.
Governor Seyi Makinde has said that he would make history in Oyo State to be the first governor to hand over to a successor

Oyo governor unveils agriculture electronic centre in Ibadan

Governor Seyi Makinde of Oyo State has inaugurated Africa’s first agricultural electronic centre, an innovation provided by Farm Konnect Agribusiness Nigeria Plc in Ibadan.
The 63rd Grammy Awards ceremony will be held Sunday March 14th, as awards show season continues apace despite the coronavirus pandemic.

Grammys scrap ‘secret’ nomination committees

The organizers of the Grammys said Friday they were scrapping the “secret” committees that select which acts get nominated for the prestigious music awards following criticism from artists and allegations of rigging.
Ibrahim Attahiru, chief of army staff

Troops nab Boko Haram’s collaborators in Yobe

Less than 48 hours after the Chief of Army Staff (COAS), Lt. Gen. Ibrahim Attahiru, renamed Operation ‘Lafiya Dole’ (OLD) to Operation ‘Hadin Kai’ for mobilizing critical stakeholders’ in the fight against Boko Haram terrorists, residents have started providing useful information to the military in their communities.