First Bank concedes to CBN on sack of its boards; pledges full cooperation
The management of FBN Holdings PLC, the parent company of First Bank Nigeria Limited, on Friday conceded to the Central Bank of Nigeria (CBN) decision to sack its Board of directors…
First Bank crisis: Why elephants don’t breakdance
By Tope Fasua Founded by the proprietor of Elder Dempster Agencies, Alfred Lewis Jones in 1894, the British Bank of West Africa was meant to facilitate the importation of silver…
CBN sacks directors of First Bank, FBN Holdings; appoints successors
The apex banking industry regulatory authority, regulatory authority, the Central Bank of Nigeria (CBN) on Thursday weilded the big stick, by ordering the immediate sack of all the directors of…
Why further execution of Mambilla Hydro Power Project has stalled – Minister
The execution of the multi-billion Mambilla Hydro Electric Power Project has been hampered by the ongoing legal challenge by the former contractor to ths project, Sunrise, with the Federal Government,…
Massive shake up in FRSC as senior officers, other cadres are redeployed
The Federal Road Safety Commission (FRSC) has announced a major shake up in its management and other ranks, as senior officers were Wednesday redeployed. The FRSC spokesperson, Bisi Kazeem, said…
Dangote Cement scoops another ₦22.32bn tax credit from Nigerian govt.
Dangote Cement Plc, a member of Dangote Group, has received from the Federal Government another set of tax credit certificates valued at about ₦22.321billion, the Federal Inland Revenue Service (FIRS) has…
West African Power Pool priority projects making steady progress – Board
The execution of the West African Power Pool (WAPP) priority projects are making steady progress, the Executive Board of the regional power project has said. At the end of the…
NSIA expands partnership against cancer in Nigeria
The Nigeria Sovereign Investment Authority says it has expanded its strategic partnership between the Lagos University Teaching Hospital (NSIA-LUTH) Cancer Center and BIO Ventures for Global Health (BVGH) towards reducing…
NSIA restructures presidential fertilizer initiative; assumes new role
After deliverying solid achievements in four years of the Presidential Fertilizer Initiative (PFI), the Nigerian Sovereign Investment Authority (NSIA) has restructured the programme. The PFI was aimed at ensuring0p domestic…
CBN releases updated list of 57 approved International Money Transfer Operators
The Central Bank of Nigeria (CBN) on Monday published thy hi noe updated list of approved International Money Tranfer Operators (IMTO)in the country as at April 1, 2021. Last February…