CBN plans surveillance scheme for MFBs
…Says breach of section 19 tantamount to revocation of licence.
The Central Bank of Nigeria (CBN) is set to commence a surveillance scheme for Microfinance Banks (MFBs) in the country, so as to monitor their activities.
Air Cote d’ivoire wants partnership with Arik – General Coulibaly
Cote d’ ivoire national airline, Air Cote d’ivoire management team was in Nigeria recently to discuss partnership agreement with Arik Air . The Ivorian team led by the chairman of Air Cote d’ivoire, General Coulibaly Abdoulaye, met with Arik management team led by Arik Air chairman, Sir Johnson Arumemi-Ikhide at Arik corporate headquarters in Lagos.
We won’t shut down plants – Lafarge
Lafarge Cement WAPCO Nigeria Plc has said that it remains in operation and has no intention of shutting down its plants. The firm said it remains focused on its vision of delivering value to its customers and stakeholders through innovative products and services that have become the hallmark of its business.
Delta House flays alleged poor performance of contractors
UGHELLI—DELTA State House of Assembly Committee on Finance and Appropriations has expressed worry over what it called the near zero performances of the three contractors handling the Effurun-Eku Road dualization project.
CBN anti-fraud software’ll strengthen financial sector – SEAP boss
The Executive Programme Director, Self Reliance Economic Advancement Programme (a financial services institution), Mr. Oladokun Olatunde, has said that the introduction of an anti-fraud software by the Central Bank of Nigeria is a development that will reduce fraud in Nigeria’s financial sector.
Umuchinemere MFB balance sheet hits N1.8b
…as shareholders get 3kobo dividend
Umuchinemere Pro-credit Micro Finance Bank (UPMFB) Limited has recorded balance sheet size of N1.8 billion for its operating year ended December 31st 2011. This represents a 23.83 per cent growth when compared with the size in the previous year.
Late Gov Yakowa’s brother dies at 51
Tragedy has again struck at the family of the former Governor of Kaduna State, late Patrick Ibrahim Yakowa, as his only surving brother, Adamu Yakowa, 51, died at about 8.30pm on Saturday.
No great changes in Judiciary in 2013 – SANs
TWO Senior Advocates of Nigeria, SANs, including constitutional lawyer, Professor Itse Sagay, SAN, have said nothing extra-ordinary has taken place in the nation’s judiciary that will bring about positive changes in 2013.
2015: No zoning, we shall select best guber candidate
LAGOS State chairman of the Action Congress of Nigeria, ACN, Mr. Henry Ajomale, has said the party has no intention of zoning the governorship seat in 2015, but it would select the best candidate to be the party’s flagbearer.
CD lauds S-East Govs, others on security
UMUAHIA—CAMPAIGN for Democracy, CD, has commended South East governors and security agencies in the zone for maintaining a crime free Christmas and New Year celebrations.
JTF arrests suspected mastermind of Thisday, Sun Newspapers’ bombings
MAIDUGURI—BARELY 24 hours when a top suspected Boko Haram terrorist was arrested in Abuja at a former National Assembly Lawmaker, the Joint Task Force, JTF, “Operation Restore Order,” said, Sunday, it has also arrested one Mohammed Zangina, a high profile Boko Haram Commander and Shura Committee member who reportedly co-ordinated the bombings of Thisday and The Sun newspapers last year at the Government Reserved Area,GRA, Maiduguri.
