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Sterling Bank Plc

World Bank: Neglect of agriculture cost Nigeria $10 billion annually

The World Bank’s Senior Agriculture Economist, Adetunji Oredipe, says Nigeria’s neglect of the agricultural sector has cost the country about $10 billion annually.

World Bank: Nigeria dying slowly

The World Bank on Thursday, dropped a bombshell that Nigeria was dying slowly and tragically living on borrowed time due to its neglect of the agricultural sector and heavy reliance on crude oil which it said belongs to yesterday.

World Bank: Nigeria dying slowly

The World Bank on Thursday dropped a bombshell that Nigeria was dying slowly and tragically living on borrowed time due to the perennial neglect of the agricultural sector and relying heavily on crude oil that belongs to yesterday.

Lagos, NCC, EU, others support innovation

The Lagos State government, Nigerian Communications Commission (NCC), European Union (EU) as well as Sterling Bank have pledged support for innovation to grow the economy.

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.
Sterling Bank

Sterling Bank partners iCreate Africa to celebrate skills excellence in South East

Sterling Bank Plc in partnership with iCreate Africa, has held a skills competition for over 500 youths from the Abia, Anambra, Ebonyi, Enugu and Imo.

NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

EFCC arraigns bank manager for alleged N187 million fraud

The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office, on Tuesday, May 7, 2019, arraigned a former acting branch manager of Sterling Bank Plc, Oliver Anidiobi, before Justice C.O. Ajah of the state’s High Court, sitting in Enugu, for a N187 million fraud.OHHA Microfinance Bank
Sterling Bank

Sterling Bank names three directors

Sterling Bank Plc. has appointed Raheem Owodeyi and Tunde Adeola as its executive directors.

Man remanded in prison over N2.8 million dud cheque

The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arraigned one Saviour Inyang before Justice Okon A. Okon of the State High Court, sitting in Uyo, Akwa Ibom State, on a one count charge bordering on issuance of dud cheque.
Nigerian Stock Exchange NSE

NSE All-Share Index hits 52-week low on continuing bear run

The Nigerian Stock Exchange (NSE) All-Share Index hit a 52-week low yesterday, falling by 1.53 per cent to close at 29,162.24, while market capitalisation shed N170 billion to close at N10.953 trillion.
Fastest growing financial institution in Nigeria, Keystone Bank Limited, has announced the resignation of Obeahon Ohiwerei from office as Managing Director-CEO of the Bank, and the appointment of Abubakar Danlami Sule as Acting Managing Director-CEO.

Keystone Bank names Abubakar Sule as new acting MD/CEO

Fastest growing financial institution in Nigeria, Keystone Bank Limited, has announced the resignation of Obeahon Ohiwerei from office as Managing Director/CEO of the Bank, and the appointment of Abubakar Danlami Sule as Acting Managing Director/CEO.

NSE sanctions eight banks with N102 million fines

The Nigerian Stock Exchange has sanctioned eight banks with fines totalling N102.7m for failing to file their financial statements at the regulatory date.
Nigeria Stock Exchange

Equities market sheds 2.4% as investors ignore corporate earnings

Despite the release of corporate earnings by many companies, the Nigerian equities market closed last week downtick following profit taking in bellwether stocks.
Nigeria Stock Exchange

Equities market gains N105 billion as investors react positively to corporate earnings

The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings being released by companies.

How alleged fraudsters stole N1.8 billion from Sterling Bank

The defendants, who were charged alongside a company, Danium Energy Services Limited, were alleged to have fraudulently deceived Sterling Bank Plc into lending them money through a fraudulent scheme with the pretence to finance local purchase of Automotive Gas Oil (AGO), otherwise known as diesel, for supply to Total Nigeria Limited.
Asue Ighodalo

Asue Ighodalo emerges new NESG board chairman

The Nigerian Economic Summit Group (NESG), a private sector led think-tank organization that promotes sustainable growth and development in the Nigerian economy on Wednesday announced the appointment of Mr. Asue Ighodalo, as its new Chairman.

Sterling bank intensifies debt recovery drive

Sterling Bank Plc has said it will always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes. Such strategies include restructuring for accelerated payoffs and possible foreclosure or disposal of pledged assets of defaulting debtors.

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Indian Prime Minister Narendra Modi. (Photos by CHANDAN KHANNA and Karel Prinsloo - AFP)

Pakistan denies airspace to Indian premier amid Kashmir tensions

Pakistan has refused to let Indian Prime Minister Narendra Modi to fly through its airspace, officials said on Thursday.

Court orders forfeiture of P&ID assets to federal government

The court also convicted the suspects arraigned on allegations of fraudulent involvement in the 2010 contract between the Nigerian government and the firm worth $9.6b.

Oil prices edge up after turbulent week as Saudi Arabia reassures on output

Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia’s pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend.

Couples flogged for public affection

A trio of canoodling couples was publicly flogged in Indonesia’s Aceh province on Thursday, charged with breaking local Islamic law that outlaws public displays of affection.
Nigeria are now the 34th-ranked team in the world according to the September Fifa rankings.

Nigeria now 34th in latest FIFA rankings

The three-time African champions dropped one place from their previous 33rd position, gathering 1482 points, following their 2-2 draw against Ukraine in the international break.