CBN raises alarm on rising cases of bank fraud

CBN raises alarm on rising cases of bank fraud

THE Central Bank, CBN, yesterday, raised an alarm on rising cases of fraud in the nation's financial institutions even as it granted the request of shareholders of Equatorial Trust Bank Limited to recapitalise the bank, following a proposal by the bank's shareholders to the apex bank.
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Nigeria pick 12 for Beach World Cup

Nigeria pick 12 for Beach World Cup

Nigeria Head Coach, Audu Adamu, has picked the 12 players that will represent the country at the FIFA Beach Soccer World Cup taking place in Dubai, the United Arab Emirates between 16th and 22nd of November.

2010: Soludo takes compaign to USA

2010: Soludo takes compaign to USA

By  Chris Ochayi ABUJA—THE Peoples Democratic Party (PDP) governorship candidate for the February 6, 2010 governorship elections in Anambra State, Professor Chukwuma Soludo has taken his campaign to the United States of America (USA), where he unveiled his economic blueprint, which he intends to use to transform the state. Soludo,  who spoke at this year’s […]

Kano Pillars emerge Dstv Basketball league champions

Kano Pillars emerge Dstv Basketball league champions

Just like in the female basketball league where First Bank Basketball Club continued to dominate in the Zenith Bank Female League, Kano Pillars Basketball Club have retained the male title of the 2009 DStv Premier League concluded in Lagos Tuesday. They beat Lagos Islanders 83-72.

Colombia break Argentine hearts

Colombia break Argentine hearts

Colombia have sent Argentina crashing out of the FIFA U-17 World Cup Nigeria 2009, scoring two goals in the last two minutes to come back from a 2-0 deficit and win the a classic all-South American derby 3-2 in Ijebu-Ode. The Cafeteros will now meet the winner of the Turkey-UAE contest in the quarter-finals.

Nigeria struggles for 10% Chinese market

Nigeria struggles for 10% Chinese market

Nigeria is struggling to access about 10 per cent of Chinese market.
According to the Chairman, National Organising Committee, 1st Nigeria-China trade and investment forum, Ambassador Idris Waziri, local investors are warming up to use the opportunity of the forthcoming event as a platform to access the Chinese market. The event is slated to hold in Abuja in November, 2009.

NACETEM seeks review of technical education policies

NACETEM seeks review of technical education policies

National Centre for Technology Management (NACETEM) has called on Federal Ministries of Education and its Science & Technology counterpart to review all policies on technical and vocational education training , saying it is crucial for the attainment of vision 2020

Nigeria records first Swine Flu case

Nigeria records first Swine Flu case

Nigeria has recorded the first case of the dreaded Influenza A(HIN1) known as Swine Flu. It was discovered on an America girl, aged nine years, residing in Lagos State.

NACCIMA faults importation of N82.2b fish annually

NACCIMA faults importation of N82.2b fish annually

The Nigerian Association of Chambers of Commerce and Industry, Mines and Agriculture (NACCIMA) has faulted the importation of 740,000 metric tonnes of fish valued at US$594.4 million (N82.8 billion) annually into the country.

Diamond Bank reinstates support for SMEs

Diamond Bank reinstates support for SMEs

Diamond Bank Plc has reassured its customers of its readiness to partner and provide financial services to enable them grow their various businesses, especially the Micro, Small and Medium Scale Enterprises (MSME) in the country.

Ecobank recovers N18 bn bad debts

Ecobank recovers N18 bn bad debts

ECOBANK Nigeria Plc has recovered a loan of N18.19 billion from its debtors after it scale through the audit of banks by the Central Bank of Nigeria (CBN).

Guinness shareholders approve  N11.1 bn dividend, demands Bonus shares

Guinness shareholders approve N11.1 bn dividend, demands Bonus shares

Shareholders of Guinness Nigeria Plc, yesterday unanimously approved the N11.1 billion dividend declared by the Board of Directors of the company, even as they requested for a bonus issue.
The shareholders at the 59th Annual General Meeting (AGM) held in Lagos on Tuesday, approved the financial statement of Guinness Nigeria for the period ended 30th June, 2009.

Banks lift infrastructure through PPP

Banks lift infrastructure through PPP

STAKEHOLDERS accross the sub sectors have stated that banks have a role to play in the realization of the objectives of the Vision 20:2020 , through its partnership with government on the revamping of Nigeria’s old and decaying infrastructure and the provision of new economic and social infrastructure. This belief is anchored on the fact that the nation’s stock of decayed infrastructure has led to rising cost of doing business, declining profitability and the near collapse of the manufacturing sector in the country.

Aulic demands full handover of trade fair

Aulic demands full handover of trade fair

AULIC Nigeria Limited has demanded for the handover of the Lagos International Trade Fair Complex by the Bureau of Public Enterprises (BPE).
The company has also said that this year’s exhibition would be different to what exhibitors and visitors have been used to over the years as companies would have all their fairs indoor.