SEC queries Okereke-Onyiuke over N30.9bn bank loan
Securities and Exchange Commission, SEC, has given the Director General of the Nigerian Stock Exchange, Mrs Ndi Okereke-Onyiuke a seven-day ultimatum to explain her involvement in the accumulated non-performing loans in the five banks, whose managing directors were sacked last Friday by the Central Bank of Nigeria, CBN.
Don’t be intimidated, Edo PDP tells members
THE Peoples Democratic Party (PDP), in Edo State, yesterday urged its members not to be intimidated by what it described as threats from Action Congress (AC) over next weekend’s Akoko Edo House of Assembly re-run election.
Lagos-Badagry road: Property owners compensated
In fulfilment of its promise to adequately compensate those whose properties were demolished to pave the way for the construction of the multi-billion Naira 10-lane Lagos-Badagry Expressway, the Lagos State government yesterday paid compensation to the first batch of victims of the exercise.
Bayelsa ANPP pulls out of Sylva’s unity govt
The All Nigeria Peoples Party (ANPP) in Bayelsa State has pulled out of Sylva’s administration.
As it is, the party may have turned its back on its former governorship candidate, Elder Bethel Amabebe, who is currently serving in the PDP-led government as the state Commissioner for Sports, as he is yet to resign his appointment.
Don asks FG to tap other sousrces of revenue
THE Head of Department of Industrial Relations and Personnel Management at the University of Lagos, Prof. Sola Fajana, yesterday, enjoined the Federal Government to evolve other sources of economy because any nation that is dependent on inheritance can be described as wealthy nation.
INEC engages Edo AC, PDP in war of words
THE Indepen dent National Electoral Commission (INEC) in Edo State, leadership of Action Congress (AC) and Peoples Democratic Party (PDP) yesterday engaged in a war of words over the modalities adopted by the commission to conduct the re-run of the House of Assembly’s election in Akoko Edo constituency 1, scheduled for this weekend.
N-Delta needs healing not amnesty, says cleric
PRESIDENT of the North-Western Union Mission of the Seventh Day Adventist Church in Nigeria, Dr. Joseph Adebisi Ola, has said that the solution to the crisis in the Niger Delta lies in diverting all developments to the area, training the youths and offering employment opportunities to the people.
Presidency approves new board for NEXIM
The Presidency has approved a new management board for the Nigerian Export-Import Bank (NEXIM).According to a statement signed by the Special Assistant (Communication) to the Minister of Finance, Deborah Chinwe Okafor, the newly re-constituted board is composed under the Chairmanship of the Deputy Governor, Financial Sector Surveillance Directorate, Central Bank of Nigeria.
Stock market loses N242bn in 2 days
After two days of the suspension of trading on the five banks’ shares whose managing directors were sacked by the Central Bank of Nigeria (CBN) last Friday, stock market has lost N241.519 billion, as market capitalisation declined from N5.556,091 trillion on Friday last week to close at N5,314,572 trillion, yesterday( Tuesday ).
Insurance stocks drive NSE turnover by 59%
Equity trading on the Nigerian Stock Exchange (NSE) was driven, Tuesday, by activity in the Insurance sub-sector, accounting for 58.8 per cent of the market turnover.
Iroche assures FinBank’s customers of safety of deposits
The new Managing Director/Chief Executive Officer of FinBank Plc, Mrs. Suzanne Iroche, Tuesday, in Lagos assumed duty at the bank with an assurance that the bank remains sound.
