Wednesday, October 17, 2018
Business

Business

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In commemoration of the 2018 Global People’s Summit, Stanbic IBTC Bank, in collaboration with Creative Youth Community Development Initiative (CYCDI), and Covenant University, Ota, over the weekend engaged the youth on better understanding of the United Nations (UN) Sustainable...
The Minster of State for Petroleum, Ibe kachukwu, has said that it would be sad if the nation’s refineries are not functional by the end of 2019. According to him, the present administration is committed to ensuring that the importation...
Thousands of pre-paid meters will be rolled out in Lagos State to combat the menace of estimated billing which has been massively opposed. Ikeja Electric, one of the major electricity distribution companies (DisCos) in Nigeria, says it is deploying 85,000...
The Central Bank of Nigeria (CBN) yesterday gave a notification to revoke the operating licences of 154 microfinance banks in the country. According to Punch newspaper, six primary mortgage banks and 22 other finance companies would receive similar notification from...
The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat. Nigeria’s economy exited recession in 2017 after...

Oil prices jumped more than 2 per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production. The refusal by OPEC to raise production negates the call by U.S. President Donald...
In recognition of its position as Nigeria’s leading investment banking institution, Stanbic IBTC has won four awards in different categories in the 2018 Emeafinance African Banking Awards. The diadems: ‘Best Foreign Investment Bank,’ ‘Best Debt House’, ‘Best Equity House’...
The Nigeria Deposit Insurance Corporation has said that employees of the defunct Skye Bank Plc would be offered new contract terms under the management of Polaris Bank. The Corporation said this in a statement made available to our correspondent on...
The Nigerian National Petroleum Corporation says it has no hidden 470.5 million dollars and N8 billion in any commercial bank as alleged by the Nigerian police. The NNPC in a statement by its Group General Manager, Group Public Affairs Division,...
The Central Bank of Nigeria has revoked the operating licence of Skye Bank Plc with immediate effect. Governor of Central Bank, Godwin Emefiele, disclosed this during a press briefing in Lagos on Friday. He said that Skye Bank would now be...
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