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Unity Bank Plc on Tuesday faulted the allegation against it by the Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) over the ongoing reconciliation of affected Ministries, Departments and Agencies’ (MDA) accounts.
The House of Representatives said it discovered that over $900m was still “being held” by Federal Government’s ministries, departments and agencies (MDAs) outside Treasury Single Account (TSA).
The Nigerian equities market yesterday shed 1.22 per cent, causing market capitalisation to dip below the N11 trillion mark on sustained profit taking.
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.
Mojec Meter Assets Management Company, a subsidiary of Mojec International Limited, has announced a partnership with some banks to provide retail financing for the rollout of prepaid meters to its customers within the coverage area of its partner distribution companies (DISCOs) across the country.
An FCT High Court in Kubwa has fixed June 13, to hear contempt proceedings against the CBN Governor, Godwin Emefiele, to enable the applicant, Godwin Emmanuel, respond to a motion on notice served on him.
An FCT High Court, on Wednesday, granted an application seeking substituted service on CBN Governor, Godwin Emefiele, who is charged with alleged contempt in a case filed against him by one Godwin Emmanuel.
The Imo State chapter of the Peoples Democratic Party has accused Governor Rochas Okorocha of withdrawing N17bn from four banks in three days and converting government property to personal use.
The Centre for Anti-Corruption and Open Leadership (CACOL) has thrown its weight behind the Economic and Financial Crimes Commission (EFCC) for ‘freezing’ a Unity Bank account allegedly containing N1.9 billion belonging to Hajiya Bola Shagaya, a society lady and businesswoman.
The Nigerian stocks market yesterday posted a gain of 1.98 per cent, its best performance so far in 2019, to further extend bullish trend to five consecutive trading days and return the year-to-date (YTD) performance to positive after seven months of being negative.
The Economic and Financial Crimes Commission (EFCC) on Wednesday presented four more witnesses in the ongoing trial of former Governor of Jigawa State, Sule Lamido, his two sons, Aminu and Mustapha, Aminu Wada Abubakar, Bamaina Holdings Ltd and Speeds International Ltd before Justice Ijeoma Ojukwu of the Federal High Court, Abuja.
The share price of Unity Bank Plc rose 30.9 per cent last week due to renewed interest in the financial institution by investors.
Activities on the Nigerian Stock Exchange reversed to the negative territory on Wednesday due to profit taking with the market capitalisation shedding N18 billion.
The Nigerian Stock Exchange (NSE) on Friday lifted the trading suspension placed on the shares of Unity Bank Plc barely one day after the bank was suspended along with five other listed firms for not filling their accounts in accordance with the post-listing requirements of the exchange.
The court however ordered the senate to apply the senate standing Orders 2011 (as amended) by the senate on the 24th May, 2011 which prescribed the use of open ballot rather than secret ballot mode in the election of presiding officers of the senate.
Gunmen, all in masks, in the wee hour of Sunday invaded Ajapayi community in Shiroro Local Government Area of Niger State, killing no fewer than 12 people and injured 15 others in an attack described as the worst in the community.
The Adamawa State governor, Ahmadu Umaru Fintiri, has approved with immediate effect, the appointment of Maxwell Gidado as his new Chief of Staff.
Eighteen states in Nigeria will benefit from the Rural Access and Mobility Project (RAMP), a Word Bank Programme in Nigeria by 2020.
Super Eagles goalkeeper Ikechuwkwu Ezenwa has said commitment and teamwork are two ingredients the team needs to win the Africa Cup of Nations.
Caf President Ahmad Ahmad has been released from detention after being arrested in France on Thursday morning.
There are three arms of government, no doubt: the executive, the legislature and the judiciary. They are very pivotal to sustainability of any democracy. Other institutions of democracy include the Election Management Bodies such as the Independent National Electoral Commission and State Independent Electoral Commission, Civil Society Organisations, the media and the political parties. Members of political parties are called politicians.
The closure of media houses was a common phenomenon under the defunct military dictatorship in Nigeria. Since the restoration of civil rule 20 years ago, the dangerous trend has continued under succesive regimes either through military invasion of media houses or seizure of copies of newspapers.