Irked By Minister’s, Revenue Agencies Unbudgetted Spending National Assembly Warns Of Dire Consequences

The National Assembly has warned the Minister of Finance, Zainab Ahmed, and heads of all Federal Government revenue-generating agencies against spending revenues without the approval of the federal lawmakers as required by law. The chairmen of the Finance Committees of the nation’s parliament, Senator Solomon Adeola (Senate) and James Faleke (House of Representatives), gave the […]

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Uba House

UBA Pays Shareholders’ N0.20 Interim Dividend, Grows Half Year Profits By 21%

Nigeria’s leading financial institution, United Bank for Africa Plc has grown its half year profit by 21 per cent as shown in its audited financial results for the period ended June 2019, showing impressive growth across key performance indices, from significant contributions from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in […]

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Access Bank Woos Customers With New Quick Loan Scheme

One of Nigeria’s biggest bank, Access Bank Plc, has introduced Quick Loan Scheme or Payday Loan with a daily loan target of N400 million to at least 20,000 customers. On the bank’s website, they highlight that you do not need to have a salary account in Access Bank for you to access the Payday loan. […]

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Godwin Emefiele

CBN Rolls Out Penalties Against Banks, Others On Electronic Payments

The Central Bank of Nigeria has unveiled a new sets of sanctions against deposit money banks, mobile money operators, payment solution service providers and other financial institutions for electronic payment infractions. The CBN, on Tuesday, rolled out the ‘Regulations on Electronic Payments and Collections for Public and Private Sectors in Nigeria’, which it described as […]

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Access Bank Declares 25k Interim Dividend As First Post-Merger Half Year Profits Before Tax Hits N74.1bn

Access Bank Group’s maiden post merger profits audited half year results released to the Nigerian Stock Exchange (NSE), have been impressive, showing impressive digits across all indices, a feat which has led to the bank also declaring an interim dividend of 25 kobo per share to its shareholders. A breakdown of the group’s impressive performance […]

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Acting Dg Sec Mary Uduk (1)

SEC To Shareholders: Claim Your Dividends In Defunct Afribank

The Securities and Exchange Commission (SEC) has appealled to shareholders of the defunct Afribank Plc to claim their dividends. The apex regulatory authority of the Nigerian capital market, made this call as part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According […]

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CBN Outlines Conditions for Floating Of Subsidiaries, SPVs by DFIs

The Central Bank of Nigeria (CBN) has unveiled conditions for the establishment and operations of subsidiaries and special purpose vehicles (SPVs) by Development Finance Institutions (DFIs). The Bank in a letter to all DFIs that was signed by its Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, a copy of which was posted on […]

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Domestic Airfare Up by 25% on Aviation Fuel Scarcity

Domestic routes airfare have been hiked by over 25 per cent by airline operators due to the scarcity of aviation fuel. ThISDAY, reports that Scarcity of aviation fuel, also known as Jet A1, has led to over 20 per cent rise in the price of the fuel, from between N180 and N200 per litre to […]

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Lagos BRT Buses Collision Injure 18 Passengers

Eighteen persons suffered various degrees of injuries on Monday when two Bus Rapid Transit vehicles collided at the Asolo end of the Ikorodu Road in Lagos. One of the buses was said to be heading for Ketu when two motorcycles suddenly emerged on the dedicated BRT lane and the bus driver, in an attempt to […]

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Fresh Attack1

Fresh Attack On Foreign Owned Businesses Sweep Through South Africa

Another wave of attacks have begun in South African, with looting and burning of businesses and properties belonging to foreigners and in the process killed three people, while another is still receiving treatment for smoke inhalation. The President of the Nigeria Union South Africa (NUSA), Adetola Olubajo, said on Monday 2nd September, that the attacks […]

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Nigeria Records $226 Million Oil Revenue Drop in June

Revenues from oil and gas production in June were down by 44.65 per cent, showing a drop in value of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC, in its June 2019 monthly financial and operations report, stated that in May, the sales value […]

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Tonto Dikeh

Feet ‘N’ Tricks Names Fashanu, Ikpeba, Tonto, Others Ambassadors for 2019 African Freestyle Football Championship

Feet ‘N’ Tricks International Limited, organisers of the Nigerian and African Freestyle Football Championships, has named some prominent entertainment and sport industry personalities, which include former professional English footballer, John Fashanu; former Nigerian footballer, Victor Ikpeba; Nollywood actors, Tonto Dikeh and Williams Uchemba as its brand ambassadors for the 2019 African Freestyle Football Championship to […]

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