Union Bank recovers N31bn, liquidity hits 42%, Oshibodu
Union Bank appears to be on its way out of the woods, according to indications. This is because the bank has recovered N31 billion of the N70 billion that eroded the bank’s shareholders funds that led to the CBN removal of the former management of the bank. Giving an update on the loan recovery efforts of the bank to newsmen in Lagos, the bank MD, Mrs.
Electricity consumers attack PHCN manager
THE Business Manager, Undertaking, Power Holding Company of Nigeria (PHCN), Ughelli, Delta State, Mr. Francis Iyayi, yesterday narrowly escaped being lynched by protesting residents of Emuobor Street in the metropolis.
Residents of Emuobor street came out in their numbers in the early hours of yesterday protesting the power outage in the area in last two months.
Money laundering: Nigeria tops GIABA’s evaluation report list
By Ikechukwu Nnochiri ABUJA — Director-General of the Inter-governmental Action Group Against Money Laundering and Terrorist Financing in West Africa (GIABA), Dr Abdullahi Shehu, yesterday in Abuja disclosed that Nigeria came top on the list of countries that has failed to comply with anti-money laundering standards as set out by the Economic Community of West […]
Deregulation: FG, labour meeting deadlocked
By Funmi Komolafe ABUJA—The meeting of representatives of the Federal Government and organised labour over the planned deregulation of the downstream sector of the petroleum industry ended in a deadlock yesterday. While government officials led by the Minister of Finance, Alhaji Mansur Muktar, for several hours tried to convince labour on the merit of the […]
George : New rule for visitors
By Abdulwahab Abdulah & Ifeanyi Okolie LAGOS—THE authorities of the Kirikiri Maximum Prison may have tightened its rules of engagement due to the horde of visitors who besiege the gate daily, wanting to see top politician, Chief Bode George. George, former chairman of the Nigerian Ports Authority (NPA), was twoweeks agojailed by a Lagos High […]
Deji : Thugs disrupt rites for new monarch
*Govt, kingmakers’ meeting deadlocked By Dayo Johnson AKURE—THE crisis trailing the deposition of the Deji of Akureland, Oba Adepoju Adesina, has deepened as the peace meeting convened by the Ondo State Government with the aggrieved kingmakers and high chiefs ended in a deadlock. Also, no fewer than 50 thugs yesterday disrupted a meeting of the […]
