Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global banking sector. Guaranty Trust Bank Sierra Leone Ltd, a subsidiary of Guaranty […]
Continue Reading
Oil marketers have given the federal government a seven-day ultimatum to settle outstanding debts to the sum of N800 billion, failing which depots would cease operation across the country. The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), said failure to […]
Continue Reading
The United States and China have announced a ceasefire in their tariffs war, hours after US President Donald Trump upended another international forum by snubbing G20 action on trade disputes and climate change. Over a dinner of steaks and Argentine wine in Buenos Aires, Trump and President Xi Jinping brokered a truce to ensure that […]
Continue Reading
The Central Bank of Nigeria (CBN) has granted Diamond Bank Plc, approval to operate as a national bank following its application for it. The bank’s Chief Executive Officer, Mr Uzoma Dozie, said this in a statement signed by the bank’s Head of media, Ezechinyere Anyanwu on Friday in Abuja. According to Dozie, the move was […]
Continue Reading
The Economic and Financial Crimes Commission, EFCC, Lagos office, on Tuesday, November 27, 2018, seized a total of 29 exotic cars during a raid on the office of a Lagos-based car dealer, Astrax Auto Shop. The raid followed intelligence report received by the Commission on the activities of the operators of the auto shop, who […]
Continue Reading
Nigeria’s foreign reserve is on the rise again. This is coming after the nation lost a record $2.1 billion in 30 days, Statistics from the Central Bank of Nigeria, showed that Nigeria’s reserve surged by over $230 million between November 23 and 26, 2018. As at Monday, November 26, the reserves stood at $41,829,552,421 — […]
Continue Reading
The Minister of State for Petroleum Resources, Ibe Kachikwu, has said there are strong indications that three out of the 40 planned modular refineries would come on stream by end of 2019. Mr Kachikwu disclosed this at the three-day Biennial International Conference for Health, Safety and Environment (HSE) organised by Department of Petroleum Resources (DPR) […]
Continue Reading
Leading African financial institution, Guaranty Trust Bank plc, has announced the launch of Habari, Nigeria’s largest platform for music, shopping, lifestyle content and more. Unveiled on Friday, November 23, 2018 at a special event attended by renowned personalities in the entertainment, media and technology sectors, Habari offers users direct access to the largest catalogue of […]
Continue Reading
Twenty-two withdrawals totalling 3.12 billion dollars were made from the Nigerian Liquefied Natural Gas (NLNG) dividends account domiciled in the Central Bank of Nigeria (CBN) in the last three years. This is according to documents submitted to the Senate Committee on Gas Resources by the CBN in Abuja on Thursday. Chairman of the committee, Sen. […]
Continue Reading
The Bureau of Pablic Enterprise (BPE), has discribe a untrue, rumors that the operating licences of 11 electricity distribution companies in Nigeria have expired and needed to be renewed by the federal government. The Director-General of the agency, Alex Okoh, disclosed this on Wednesday Benin, Edo State, while briefing journalisits at the headquarters of Benin […]
Continue Reading