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The Central Bank of Nigeria (CBN) has pegged the maximum loan an obligor can access under its N250bn intervention fund for the gas sector at N10bn. It made this known in a guideline titled ‘Framework for the implementation of intervention facility for the national gas expansion programme’, which was released …

L-R: Ibrahim Magu, FCMB CEO, Nuru and Pastor Omale Prophet Emmanuel Omale, the general overseer of Divine Hand of God Prophetic Ministry, has sued embattled First City Monument Bank (FCMB) and its managing director, Adam Nuru for N5 billion, before the High Court of the Federal Capital Territory Abuja. In the suit …

FCMB CEO, Adam Nuru The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned seven suspects before an Ikeja Special Offences Court, Lagos, for allegedly hacking into the computer database of First City Monument Bank (FCMB) and transferring over N900 million belonging to customers of the bank into an unknown account. Reports …

By Ayomide Oriade Covid-19 pandemic has left the world in dire straits by causing a recession from which global economies will have to wait till 2022 for recovery. The World Bank 2020 Global Economic Prospect, June 2020, forecast that the pandemic will plunge all countries into the worst recession in …

In a surprise move, the Nigerian Electricity Regulatory Commission has approved an increase in electricity tariff with effect from September 1, 2020 (today). This comes three months after the tariff hike implementation slated for July 1 was halted by the National Assembly, which prevailed on the distribution companies to shelve …

Chiamaka Ajeamo – The Nigerian National Petroleum Corporation (NNPC) Group Life Assurance (GLA) scheme claims ratio for the last 10 years have shown a strong and sustained claims settlement, according to investigations. Analysis of the Corporation’s GLA claim settlement over the first three years shows the highest claims collected under the scheme …

The Senate Chief Whip, Sen. Orji Kalu, on Monday said that he would serve as Nigeria’s President if given the opportunity by the electorate. Kalu made the remark in Minna during a private visit to two former leaders of the country, Gen. Ibrahim Badamasi Babangida (Rtd) and Gen. Abdulsalami Abubakar (rtd). …

CGI Muhammad Babandede, MFR (m) with Ukaigwu Lilian and Rajeem Aremu – representatives of the FG projects Independent Assessment Committee during the committee’s visit to the NIS headquarters in Abuja …Monday The federal government independent assessment committee on Monday, visited the headquarters of the Nigeria Immigration Service in Abuja to …

  Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited has made her debut in a movie produced by award-winning, and proudly Nigerian movie producer, Kunle Afolayan. The movie, Citation, is created to correct one of the greatest ills – rape and sexual molestation – which affect the educational system and indeed …

As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This, the bank said, is in line with …