Director-General, SEC, Mr. Munir Gwarzo

Group urges Buhari to urgently arraign SEC DG, Gwarzo

Centre for Anti-Corruption and Open Leadership (CACOL) has called on President Muhammadu Buhari to, as a matter of urgency, direct the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to charge the former Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, on the abuse of office by the award of contracts […]

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Oil workers walk through pipe installations on a tanker at Bonga off-shore oil field outside Lagos, file.

NNPC recorded 257 pipeline breaches, post ₦12.13 bln trading surplus

The Nigerian National Petroleum Corporation (NNPC) yesterday released its December 2018 financial and operating report, posting a trading surplus of ₦12.13 billion, a development it said sprang from the success recorded by its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). The national oil company also said it recorded an upsurge in pipeline vandalism which […]

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FILE PHOTO: Central Bank of Nigeria's logo is seen on the headquarters building in Abuja, CBN

CBN’s decision to exclude textile sector from FX market put ₦5trn investment under threat

The recent decision by the Central Bank of Nigeria (CBN) to exclude the textile sector from the forex market will put over ₦5 trillion worth of investments in jeopardy, the Lagos Chamber of Commerce and Industry (LCCI) has warned. Besides the threat posed on the ₦5 trillion investments the chamber equally raised the alarm that […]

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A view of the Diamond Bank is seen along the Lekki-Epe Expressway in Lekki, Lagos, Nigeria September 12, 2017.

Merger: Access, Diamond Bank get final approval from CBN, SEC

Access and Diamond Bank Plc announced that they have received the final approval of both the Central Bank of Nigeria (CBN), and the Securities and Exchange Commission (SEC), to the proposed scheme of merger between both financial institutions. The banks had recently obtained approval in principle from the regulatory bodies as they await the final […]

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A general view of Marina street shows the United Bank of Africa's building in Nigeria's commercial capital Lagos, May 29, 2008. REUTERS/Akintunde Akinleye

UBA recorded significant asset growth as earnings hits ₦494 bln

LAGOS, NIGERIA – March 17, 2019 – The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to […]

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An Access bank signage is displayed on the roof of the bank's building in Abuja

Access Bank recorded 58 pct profit growth in FY 2018

Access Bank Plc has released its audited financial results for the full year (FY) ended December 31, 2018 showing an increase of 58% in Profit after Tax (PAT) to N95.0 billion from N60.1 billion in the corresponding period of 2017. The Bank’s audited results which was released to The Nigerian Stock Exchange on Friday also […]

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L-R: President Muhammadu Buhari, President of Togo, Faure Gnassingbe;President of Niger, Mahamadou Issoufou; Ivory Coast President, Alassane Ouattara; and President of Ghana, Nana Akufo Ado, at the Economic Community of West African States summit on the creation of ECOWAS single currency in Niamey, Niger Republic... on Tuesday. Photo: State House

AU may soon launch single African currency to accelerate economic integration

As the Economic Community of West African States (ECOWAS) is still battling with teething problems of its age long pet project of single currency, the Africa Union (AU) may have seized the initiative to launch common monetary policy and single currency to accelerate economic integration of African countries. According to Ms Naglaa Nozahie, a Special […]

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Maikanti Baru

Baru orders DSDP partners to patronise NNPC Shipping Coy

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has advised all its partners involved in the Direct Sale Direct Purchase (DSDP) scheme to patronise the NNPC shipping subsidiary (NIDAS), as a way of sustaining the profitability of the national oil outfit. Baru passed the advice to two of NNPC’s […]

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Protests In Nigeria’s Port Harcourt Over Vote Suspension

Govs election: El-Rufai, Ayade, Shehu, Bagudu, Bunu, Bello, Sule, others win

MORE results of Saturday’s governorship elections were released, Monday, with Governors Ben Ayade of Cross River, Nasir el-Rufai of Kaduna, Aminu Bello Masari of Katsina, Abubakar Bagudu of Kebbi, Abubakar Bello of Niger, and Badaru Abubakar of Jigawa handed re-election mandates. Of the lot, only Ayade won on the platform of the Peoples Democratic Party, […]

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I was confident Lagosians will choose courage over fear – Sanwo Olu

Lagos State Governor-elect, Mr. Babajide Sanwo-Olu said he was confident that the people of the State would choose courage over fear in the just concluded gubernatorial election. Sanwo-Olu polled a total of 739,445 votes to defeat his main challenger, Mr. Jimi Agbaje of the Peoples Democratic Party, who got a total of 206,141 votes. Declaring […]

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Atiku Abubakar, PDP presidential candidate

Atiku committed to challenging 2019 presidential result

Former Vice President Atiku Abubakar on Saturday lamented the low turnout of voters in the Governorship and State Assembly polls, blaming it on irregularities observed in the presidential election. The defeated presidential candidate of the Peoples Democratic Party (PDP) made the observation while speaking with reporters in Yola shortly after casting his vote at the […]

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Nigeria’s Buhari Looks To Consolidate At State Polls

Nigerians heads to the polls as governorship election begins

Voting begins throughout Nigerians at 8am today as voters return to the polls to elect state governors and legislators as well as chairmen and councillors for the six Federal Capital Territory (FCT) Area Councils. According to the Independent National Electoral Commission, 72.7 million or 86.63 per cent of registered voters who have collected their Permanent […]

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