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GTBank named 2016 African Bank of the Year in Ahmedabad, India

GTBank

Leading money deposit bank and foremost African financial institution; Guaranty Trust Bank plc has been honoured in far away Ahmedabad, India as the African Bank of the Year at this year’s African Banker Awards. The Awards was presented during a prestigious gala dinner on the sidelines of the Annual Meeting of African Development Bank (AfDB) is the most prestigious of ...

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Market women link high price of Garri to Fulani herdsmen attacks in Edo, Delta farms

Fulani Herdsmen

Fresh angle has emerged on why the market price of Garri, Nigerian’s leading staple ‘swallow’ food had been on the rising trend in the last few months even as other domestic foodstuffs are on the downward stretch. Outcries from almost every market woman dealing on Garri across Lagos State major markets fingered the incessant harassment of Cassava farmers in Edo ...

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Build institutions rather than personalities to grow, Okonjo-Iweala tells Africans

Okonjo

Former Coordinating Minister of the Economy and current World Bank chief, Dr. Ngozi Okonjo-Iweala has called on African nations to build institutions rather than building personalities. Speaking at the launch of ‘Beating the Odds: Jump starting Developing Countries’, a book written by Justin Yifu Lin and Celestin Monga in Ahmedabad, India, Okonjo-Iweala said “many people do not know the president ...

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BoI may be heading on collusion course rallying DBN, other DFIs for N1 trillion

BoI Borno

Since the sudden creation of the Development Bank of Nigeria (DBN) by the present administration, there are reasons to suspect that the Bank of Industry (BoI) had been disquiet in the performance of its duties, thus creating a scenario that suggest that it was bracing up for competition. For example, for the past four year, yearly loan and facility given ...

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Again, Tincan Port intercepts 440 pump action guns concealed with POP cement

Tincan Arm lead 2

Relying on strategic surveillance intelligence in line with the renewed vigour and enthusiasm for effective Service delivery by the Nigeria Customs Service (NCS), the Tincan Island Command intercepted a total of 440 pieces of assorted Pump Action Riffles. Earlier in January, the same Command bumped on a container from America concealed with 661Pump Action and made one arrest. The seizures ...

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Fashola opens up on how to unlock potentials of Nigerian housing sector at NSE

REITs - Conference

The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday at the Nigerian Stock Exchange (NSE) gave an insight on how best to unlock the untapped potential of the nation’s housing industry. In a keynote address presented at the opening of the Sub-Saharan Africa Real Estate Investment Trust (REITs), he drew analogy from the performances of former Governor ...

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New strategy tailored to reduce oil production cost to $2 per barrel coming

offshore-oil-platform

Indication has started to emerge showing that Nigerian government has been working on the possibility of reducing aggregate cost of producing one barrel of oil to as low as $2. This is coming on the heels of a new deal sealed by stakeholders in the oil and gas industry to evolve new strategies towards reducing the cost of oil production ...

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IMF names confused budgets, two other factors frustrating sub-Saharan economies

imf visit

The International Monetary Fund (IMF) has come up with a bang saying economies of the sub-Saharan Africa need to get their budgets in order, diversify their economies and look after their poorest people in order to grow out of poverty and recession. These were the three-pillared prescription from the IMF as expressed by one of its top Africa researchers, Celine ...

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Nigerian Bank customers’ begin campaign for higher interest rate on deposits

CBn Emefiele

The recent revelations bordering on the bumper rip-off by banks on depositors seem to have spurred many depositors’ to begin to look at ways to seek redress. This is based on the fact that since recently, banks in connivance with their regulators had been serially increasing charges and off-takes from depositors’ accounts whether after deposits or even withdrawal. Only recently, ...

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NASS steps up legislative work on Gas Flaring Bill 2017, holds public hearing Tuesday

gas flaring

The National Assembly has started serious work on the passage of the Gas Flaring (Prohibition and Punishment) Bill 2017 as part of moves to return air safety in the nation’s oil region. A usually confident source at the NASS told our correspondent weekend that “the draft will be presented to the public for review at a public hearing scheduled to ...

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