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Sterling Bank Plc
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 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 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 Nigeria Private Sector Coalition Against COVID-19 (CACOVID), has so far realised about N27.160 billion to help fight the coronavirus pandemic.
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.
The Nigeria Private Sector Coalition Against COVID-19 (CACOVID) has so far realised N19.4 billion to help fight COVID-19 pandemic.
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.”
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.
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.
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.
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 Plc in partnership with iCreate Africa, has held a skills competition for over 500 youths from the Abia, Anambra, Ebonyi, Enugu and Imo.
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, 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
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 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.
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.
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).
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.
President Muhammadu Buhari on Wednesday, met with the governor of his home state, Katsina, Aminu Masari.The agenda of the meeting held inside the President’s office at the Presidential Villa, Abuja, has yet to be made public as of the time of filing this report.
This is as the latest coronavirus relief package stalled in Congress and U.S. yields sank on the prospect that further monetary easing might be needed to support the economy.
Latest information from the Presidential Task Team, PTT, on Restoration of Law and Order in Apapa environment has indicated that sufficient relief on the traffic crises in the area would come in December 2020 when the reconstruction work is targeted for completion.
Edo State Governor, Mr Godwin Obaseki, has described the failed invasion of the state House of Assembly Complex as an attempted coup d’état that is tantamount to treason and contrary to the provisions of the Nigerian Constitution.
Nigeria winger Henry Onyekuru rejoined Ligue 1 club Monaco on Tuesday ahead of the new season.