Senate President, Dr. Bukola Saraki Commission involved in 1,080 suits from 2015 polls Damilola Oyedele in Abuja The Senate yesterday cautioned the Independent National Electoral Commission (INEC) against paying attention to misguided statements and pronouncements questioning the powers of the National Assembly to legislate on the Electoral Act. The President …
Read More »Zenith Bank declares N785.19b gross earnings in 2017
Zenith International Bank has announced gross earnings of N745.19 billion for the financial year ended December 31, 2017. The News Agency of Nigeria reports that the figure represented a growth of 46.69 per cent over N507.99 billion posted in 2016. This is contained in the bank’s audited result released by …
Read More »CBN lifts Forex Market with $210m
Isaac Okoroafor, Acting Director, Corporate Communications, CBN The Central Bank of Nigeria (CBN), in its quest to guarantee the availability of forex for customers’ needs in various segments of the market, has injected another sum of $210million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank on Monday, …
Read More »Heritage Bank revolutionalise banking with Octopus; advanced intelligent digital platform
Heritage Bank Plc, Nigeria’s most innovative banking service provider has taken a bold step to revolutionalise the banking sector with the introduction of an advanced intelligent digital experience known as Octopus. The solution which is full-fledged digital bank, has been described by financial technology experts as a game-changing innovation that …
Read More »Ex-Shell Boss, Ovueraye Heads KSM New Executive Board
The Order of the Knights of Saint Mulumba Nigeria (KSM) has elected Diamond Ovueraye, as the Supreme Knight and head of the new supreme executive board to govern its affairs for the next four years. The group in a statement yesterday said the new supreme board comprising of twelve-member executives …
Read More »Removal plot: “I am not after Saraki”, Senator Adamu declares
Senator Abdullahi Adamu (APC, Nasarawa) has reacted to claims that he is plotting the removal of the President of the Senate, Bukola Saraki, and the rest of the leadership. Senator Obinna Ogba made this allegation during plenary on Thursday, providing evidence in the form of a voice recording. However, in a …
Read More »FIRS Threatens to Sell Properties of Defaulting Tax Payers
Babatunde Fowler The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has said the federal government is processing court documents that will allow it sell properties of companies which have been evading taxes. Speaking last Wednesday night on The Core, a Channels Television programme hosted by …
Read More »Why senators are solidly behind Saraki — Sen Sabi Abdullahi
Senator Sabi Aliyu Abdullahi, APC, Niger North, is the chairman, Senate Committee on Media and Public Affairs; vice chairman, Senate Services Committee, and member, Committees on Appropriations; Agriculture and Rural Development; Power, Steel Development and Metallurgy. In this interview, he spoke on what the Senate would do if President Muhammadu …
Read More »Customer battles Sterling Bank over N219m fraud
A microfinance institution, OHHA Microfinance Bank Limited, has accused Sterling Bank Plc of defrauding it of N219 million it deposited with the bank. The accusation was made in a letter to Sterling Bank by OHHA Microfinance Bank’s lawyers, Festus Keyamo Chambers. Dated 20 February and jointly signed by Messrs B.I …
Read More »Finally, SEC Gives Deloitte Go Ahead on Forensic Audit of Oando
Minister of Finance, Kemi Adeosun Several months after the forensic audit of Oando Plc was suspended owing to lawsuits and the alleged interference by the Minister of Finance, Mrs. Kemi Adeosun, the Securities and Exchange Commission (SEC) Tuesday disclosed that it has directed the accounting firm of Deloitte to proceed …
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