CBN issues new lending rules for commercial banks, announces sanctions
As part of its sustained efforts in controlling financial activities, the Central Bank of Nigeria (CBN) has announced a change in its rules of engagement with the banks, spelling out new rules regarding how financial institutions could borrow cash from…
Subscribers on Diamond Bank’s ‘Diamond Y’ello’ Mobile jump to 2m
Diamond Bank Plc has revealed that it has recorded unprecedented surge in signup to its Diamond Y’ello account, a new digital banking drive introduced by the bank. A statement issued by the bank’s Head, Retail Banking Businesses, Robert Giles, linked…
Don’t borrow from banks when you have not established, Diamond Bank tells SMEs
Diamond Bank Plc has stepped up assistance to Small and Medium Enterprises (SMEs) by given operators insight into requirements commercial banks consider before granting loan to Small and Medium Enterprises (SMEs) in the country. In her presentation at the just…
GTB wins Best Corporate Governance award
Leading electronically driven financial group, Guaranty Trust Bank (GTB) has won the 2017 Best Corporate Governance award. The award organized by the Ethical Boardroom magazine further recognized other companies who have distinguished their brand services with exceptional leadership and service…
Scarcity may linger as NNPC, Sahara cooking gas vessels berth in March
Indications have emerged that the current scarcity of cooking gas may not ease so fast as the recently acquired liquefied petroleum gas vessels of the Nigerian National Petroleum Corporation (NNPC) and Sahara Group, MT Africa Gas and MT Sahara Gas…
DPR to sanction marketers selling above pump price
The Department of Petroleum Resources (DPR) in Bayelsa says it has stepped up its regulatory activities to check unauthorised hike in the price of petrol by marketers in the state. The Operations Controller of DPR in the state, Mr. Asuquo…
OPEC enjoying price stability as Russia joins in production cuts
There are indications that Russia has joined OPEC in cutting production to balance the market as price steadied since this week. Even though large supply in places such as the United States dragged on prices, U.S. West Texas Intermediate (WTI)…
FG plans skills acquisition scheme in 18 states, as Lagos targets 900,000 jobs
All is set for the federal government to begin skill acquisition training in 18 states across the six-political zone of the federation in March. This is as the Lagos State Government has disbursed about N1 billion to 705 beneficiaries of…
Logistics frustrating manufacturers in accessing FG’s N500bn ESF
Barely eight months after the Federal Government announced the institution of N500bn Export Stimulation Fund (ESF), a number of manufacturers and business operators who had made failed attempts to access the fund have raised issues on whether the facility does…
Unity Bank accountant pleads not guilty to N30m fraud charge
Remilekun Momoh, an accountant with Unity Bank, Abuja, who was arraigned before Justice Bello Kawu of the FCT High Court, Kubwa on a 15-count-charge, bordering on forgery and fraud, has pleaded not guilty to the charges. The Economic and Financial…
