FILE PHOTO: Delta State Assembly Mr Matthew Omonade a member of Delta House of Assembly representing Ughelli North I has been suspended over alleged gross misconduct. The Speaker of Delta House of Assembly Mr Dennis Guwor, announced the suspension of the All Progressives Congress, APC lawmaker at plenary in Asaba …
Read More »Alleged N8bn fraud: Court fixes date for arraignment of Sirika, brother on fresh charges
Hadi Sirika in court Former Aviation minister, Hadi Sirika and his brother, Ahmad will be arraigned before a Federal Capital Territory (FCT), High Court, Garki, on a fresh eight-count charge bordering on abuse of office, criminal breach of trust, use of position for gratification on 23 May. Sirika and Ahmad …
Read More »Access Bank Group and Mastercard join forces to expand opportunities for cross-border payments for African businesses and consumers
L-R: Onur Kursun, Executive Vice President & Head of Transfer Solutions, Eastern Europe, Middle East & Africa, Mastercard; Funmi Afolabi, Group Head, Payment and Remittances, Access Bank; Robert Giles, Senior Banking Advisor, Retail, Access Bank; Chizoma Okoli, Deputy Managing Director, Access Bank; Mark Elliott, Division President, Africa, Mastercard, and Folasade …
Read More »Naira Falls To Intra-Day High In Official Market, Worst In 6 Weeks
The exchange rate between the naira and the dollar reached an intra-day high of N1,515 on Monday, according to data from FMDQ, where currencies are traded officially. This represents the worst intra-day high in nearly two months as Nigeria continues to grapple with demand pressures and a globally stronger dollar. …
Read More »Bitcoin Dropping Below $60k Could Trigger Panic Selling -Analyst Warns
Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has warned that Bitcoin could witness a massive panic sell-off if it drops below the $60,000 level in the coming days. According to market sentiments, Crypto traders are targeting a break of above $65,000 before the market can be deemed bullish. …
Read More »Netherlands Overtakes India As Nigeria’s Second Largest Trading Partner In 2023
Netherlands Prime Minister, Mark Rutte in a meeting with Nigeria’s President Tinubu The Netherlands has emerged as Nigeria’s second-largest trading partner in 2023, surpassing India according to the National Bureau of Statistics (NBS). While China remains the top trading partner with a record N7.49 trillion in trade volume, the Netherlands …
Read More »Junior Pope’s Burial: AGN Bans Unauthorised Pictures, Video Recordings
Obumneme Odonwodo (Junior Pope) The Actors Guild of Nigeria (AGN) has banned the unauthorised pictures and video recordings during the burial of actor Junior Pope, who died in April following a boat accident on the River Niger. This was made known via an Instagram post on Tuesday, where the AGN President, Emeka …
Read More »Hold Shell Accountable For Pollution, Human Rights Abuses Before It’s Allowed To Sell Niger Delta Business In Nigeria —Amnesty International
This follows reports that that Nigeria’s oil industry regulator is prepared to offer a fast-track sales approvals process for oil companies wanting to sell their businesses in the country. Amnesty International has called on the Nigerian government to ensure Shell is held to account for the pollution and human rights abuses …
Read More »Ignore doubts, aim for the top, Glo urges girls
Nigerian schoolgirls have been told to set aside their fears and aim for leadership roles in their nation. Globacom, Nigeria’s digital solutions provider, made the call recently at the 2024 Girls in ICT Day observance event in Lagos. Globacom’s representative at the event, Mrs. Kemi Fadipe, exhorted school girls to …
Read More »Clarification on Stanbic IBTC Bank’s Expected Credit Loss Reporting
Stanbic IBTC Statement It has come to our attention that there have been some misconceptions circulating in recent media reports regarding Stanbic IBTC Bank’s approach to recognizing expected credit losses (ECL) on our risk asset portfolio. We would like to take this opportunity to clarify our methods and the principles …
Read More »