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Sterling Bank Plc

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.
Stanbic IBTC

Stanbic IBTC wins African Banking Awards

Stanbic IBTC has announced that it recently won four awards in different categories in the 2018 Emeafinance African Banking awards.

Sterling Bank reports N8.5 billion profit in 2017

Sterling Bank Plc on Tuesday reported a profit after tax of N8.5 billion for the financial year ended December 31, 2017.

Sterling bank takes financial literacy to Imo, hosts Lagos schools

Sterling Bank Plc has taken its financial inclusion drive to the next level with the training of over 20,000 secondary school students nationwide, to mark the 2018 edition of the Financial Literacy Day.

Court dismisses N272.5m fraud charge against oil marketer

Justice Lateefat Okunnu of a Lagos High Court in Ikeja has dismissed a N272.5 million fraud charge slammed on an oil marketer, Mr. Anthony Adejugbe, and his company, Tonique Oil Services Limited by the Economic and Financial Crimes Commission (EFCC).

Abubakar Suleiman named new Sterling Bank chief

Sterling Bank Plc has appointed Abubakar Suleiman as its new Managing Director/Chief Executive Officer, CEO.

Banks raise alarm over fake job recruitment website

Commercial banks have raised the alarm over a fake employment website alleged to belong to them, deployed by fraudulent element with the intent to defrauding unsuspecting young graduates.

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Aaron Hughes

Former Northern Ireland captain Aaron Hughes retires

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President Muhammadu Buhari in a handshake with The newly elected Senate President Senator Lawan Ahmed accompanied by the Deputy Senate President Senator Ovie Omo-Agege at the Residence State House in Abuja. PHOTO; SUNDAY AGHAEZE. JUNE 11 2019

President Buhari: National Assembly leadership a new dawn

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Commandant General of NSCDC, Mr. Abdullahi Gana Muhammadu

NSCDC boss orders massive deployment of personnel

Mr Abdullahi Gana, Commandant General (CG), Nigeria Security and Civil Defence Corps (NSCDC), has ordered massively deployment of personnel to areas of banditry and cattle rustling in Katsina State.