Business news
Amaka Obiefuna. The Asset Management Corporation of Nigeria (AMCON) has confirmed the sale of one of Nigeria’s commercial banks, Keystone Bank. AMCON said the bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium). Keystone is last of the three nationalised banks to be sold, after […]
Amaka Obiefuna. The Minister of Finance, Mrs Kemi Adeosun, says the Federal Government had consistently complied with all extant rules and regulations in the disbursement of the Paris Club refunds to state governments. In a statement on Monday in Abuja, Adeosun said the Federal Government’s disbursement process was transparent and targeted at the attainment of specific […]
Amaka Obiefuna. The Central Bank of Nigeria (CBN) has offered additional 180 million dollars to meet bids for wholesale auction and requests for invisibles such as medicals, school fees and personal travel allowances valued at 80 million dollars through the inter-bank window. In a statement, on Monday in Abuja, the CBN’s acting Director, Corporate Communications, […]
Fidelia Okafor. Petroleum Equalization Fund (Management) Board says it has blacklisted 25 oil marketers for defrauding the Nigerian Government. PEF listed theirs offences as changing of truck heads without getting clearance from the agency, tampering with tags affixed on trucks as well as presentation of trucks with water (instead of petrol) at receiving depots by […]
Winifred Bosa. Nigeria’s Vice President, Professor Yemi Osinbajo, has called on education stakeholders to evolve better teaching and learning techniques that will address contemporary challenges confronting the society. Prof. Osinbajo stated this on Monday, receiving a delegation from the West African Examination Council, WAEC, led by its Chairperson, Dr Evelyn Kandakai at the Presidential Villa, […]
Amaka Obiefuna. A legal practitioner has asked the Federal High Court Abuja to restrain the National Assembly from compelling the Comptroller General of Nigerian Customs Service (NCS) Col. Hameed Ibrahim Ali (rtd.) to wear uniform in the performance of his duties. Recall that the Senate last week insisted that Ali should appear on Wednesday in […]