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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.

Banks implement new CBN guidelines on debt recovery

Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks.
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 orders forfeiture of N510 million belonging to ex-NAF chief

The Abuja division of the Federal High Court on Monday granted an order of interim forfeiture of N510m belonging to former Commander, Presidential Air Fleet (PAF), Air Vice Marshall Uko Ebong.
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.
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: Private sector donations now N27.160 billion

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID), has so far realised about N27.160 billion to help fight the coronavirus pandemic.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE hosts debut digital closing gong ceremony

The Chief Executive Officer of The Nigerian Stock Exchange, NSE, Mr. Oscar Onyema, has expressed the Exchange’s commitment to providing corporates and investors access to the market in meeting their financial and investment needs during this period and beyond.

Coronavirus: Nigeria private sector coalition contribution hits N19.4 billion

The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic.

Central bank, private sector coalition muscle N15 billion against coronavirus

At least 37 donors from the private sector have donated over N15 billion to the Private Sector Coalition Against COVID-19 (CACOVID) account domiciled at the Central Bank of Nigeria (CBN).
Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme- “We need you.”

Sterling Bank donates N250 million to private sector coalition against virus pandemic

Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme: “We need you.”

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
Oyo State Government is concluding arrangements to partner with Sterling Bank PLC., to float a Micro-Bus Empowerment Scheme.

Oyo partners Sterling Bank on micro-bus empowerment scheme

Disclosing this at an on-going special training organised by the Oyo State Road Transport Management Authority, OYRTMA, in conjunction with the Oyo State Chapter of the Institute of Road Transport Workers, OYRTMA Chairman, Dr Akin Fagbemi, noted that the government wanted to use the scheme to empower the commercial motorists.

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

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The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Truck kills two undergraduates in Ekiti

The police on Monday confirmed the death of two undergraduates after a truck allegedly on top speed hit them in Ikere Ekiti, Ikere Local Government Area of Ekiti State.
The new executive members were announced by the chairman of the PDP state congress committee, Gov. Seyi Makinde of Oyo State.

Task Force: Zero fatality recorded in Oyo’s isolation centres since inception

The Oyo State Task Force on COVID-19, said on Monday, that Isolation Centres run by the state has recorded zero fatality since the outbreak of COVID-19 in the state, in March 2020.

PFN calls for peace, level playing field in Edo, Ondo polls

Dr Felix Omobude, National President, Pentecostal Fellowship of Nigeria (PFN), has urged the federal government and the Independent National Electoral Commission (INEC) to ensure level playing fields during the forthcoming Edo and Ondo state polls.

Cross River council boss urges CFTZ management to tap Bakassi’s aquatic resources

The Chairman, Bakassi Local Government Area, Mr Iyadim Amboni Iyadim, says the Bakassi aquatic littoral resources have economic values to boost manufacturing and export at the Calabar Free Trade Zone (CFTZ).

Court strikes out suit against sovereign wealth authority, chief

The Federal High Court in Abuja on Monday struck out a suit praying for an order suspending the Managing Director/Chief Executive Officer of the Nigerian Sovereign Investment Authority, Uche Orji, and an order for a forensic audit of the organisation’s accounts from inception.