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Category Archive: Business, Cover Stories, News

Gov Ortom Backs NASS, Urges CBN To Extend Deadline For Use Of Old Naira

From Sissa Abubakar – Makurdi The Benue State Governor, Samuel Ortom has joined the National Assembly in calling on the Central Bank of Nigeria, (CBN) to extend its January 31st deadline for...

Upstream Petroleum Commission Holds Conference On 2022 Mini Bid Round

By Our Correspondent As part of measures to bring interested companies up to speed with the requirements of the 2022 Nigeria Mini Bid round process, the Nigerian Upstream Petroleum Regulatory...

NNPC Loses N11.22bn In One Month

The Nigerian National Petroleum Corporation has again reorted a month-end trading deficit of N11.22bn in August. NAN reports that the figure was obtained on the NNPC website detailing its monthly...

UBA Denies Involvement In Turkey’s Failed Coup

United Bank For Africa (UBA), today Tuesday, denied involvement in the July 15th failed coup attempt in Turkey, as reported by a Turkish newspaper, Yemi Safak. Head of Communications ,UBA, Plc, Mr....

Court Unfreezes Jimoh Ibrahim’s Accounts

Justice Abdulazeez Anka of the Federal High Court, Lagos, has discharged an interim order granted to Asset Management Corporation of Nigeria to take over some assets belonging to business mogul,...

Breaking News: CBN Floats The Naira

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele announced today in Abuja that there is “automatic adjustment mechanism of the exchange rate.” He told reporters in Abuja that it is aimed...

AMCON: Attorney-General Inaugurates Presidential Committee On Loans Recovery

An Inter-Agency Committee on recovery of loans granted to commercial banks and corporate organizations by Asset Management Corporation of Nigeria (AMCON) has been inaugurated by the Federal...

Civil Group Gives Okonjo-Iweala 14 Days To Produce “Missing” N30trn

A civil society group, Socio-Economic Rights and Accountability Project, SERAP, has sent a Freedom of Information Act request to the Minister of Finance, Dr. Ngozi Okonjo-Iweala, urging her to...

Sanusi Commends UBA On Reforms

The Emir of Kano, Muhammadu Sanusi II, has praised the management of United Bank for Africa (UBA) Plc for the bank’s leadership role in the financial industry reforms, when he was the Governor of...

PWC Report: Diezani Orders NNPC To Pay Up $1.48b Debt

THE Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has allegedly directed the Nigerian National Petroleum Corporation (NNPC) to defray $1.48 billion remittances due to the Federation...