THE Court of Appeal sitting in Benin City, Edo State, has nullified the election of the senator representing Delta Central senatorial district in the Senate, Senator Ighoyota Amori of the People’s Democratic Party, PDP.

In a ground-breaking move, the Lagos State Governor, Akinwunmi Ambode has increased the prize money of Governor’s Cup Futures I and II by twice its previous amount.

Skye Bank Plc started the business of banking as Prudent Merchant Bank Ltd in 1990. By 2000, it changed to Prudent Bank Ltd and became a Commercial Bank following approval by regulatory authorities. However, in 2006, during the Soludo-era banking consolidation, Skye Bank Plc emerged following a merger between Prudent Bank, Eko International Bank, Co-operative Bank, Reliance Bank and Bond Bank.

In recent years the Annual General Meeting of Guaranty Trust Bank Plc have been a celebration of what remains the most profitable banking operation in Nigeria. This brand equity has been exported to make the bank a successful international brand. At present the number of foreign subsidiaries with the bank’s Group is 10 with total investment of about N40billion. GTB plans to continue with this growing trend in its global strategy.

Zenith Bank second generation banks that stormed the Nigerian banking industry with verve and determination to revolutionise the way banking services were operated in the country. From inception the bank alongside a few others established a niche in the mid-upper class market segment and used differentiation and technology to climb the industry ladder within a relatively short period of time.

FCMB Group Plc is one of the oldest private sector indigenous operators in Nigeria’s financial system in 1977 as City Securities Ltd (CSL). It then operated as a Stockbroker, Issuing House and Registrar. CSL gave birth to First City Merchant Bank Ltd in 1982. It converted to commerical banking trading as First City Monument Bank Ltd in 2001 and became a public company listed on the Nigerian Stock Exchange in 2004. Following Central Bank of Nigeria’s directives embedded in Regulation 3 of 2010, the bank in 2011 converted to a group structure.

lndustry analysts believe Soludo was set to build a better banking industry by share size in all respects especially capital base. By that the banks would be in better position to support economic development and less susceptible to the risks of bank failures, which had almost become the common phenomenon of Nigerian banks. Up until then banks were challenged with issues of persistent liquidity, poor asset quality and undetrcapitalisation. Banks also depended majorly on public sector deposits.

Forte Oil Plc said it plans to grow its profit after tax for the financial year ended December 2016 to N11.09 billion. The company also targets profit before tax of N12.84 billion for the same period, while the revenue for the period is expected to settle at N22.30 billion.

The Securities and Exchange Commission (SEC) has called on the Federal Government to include stock market listing as one of the conditions for companies seeking to secure government contracts to qualify for such contracts. This will force companies that wish to enjoy such contract to seek listing in the stock market, Mounir Gwarzo, Director General, SEC, said in a forum with journalists in Lagos.

Diamond Bank Plc through its DiamondXtra season 8 has added fifteen Nigerians to the list of millionaires in the country. The millionaires emerged through a live draw in Lagos, which was witnessed by industry stakeholders, customers, potential customers, shareholders, journalists, the general public and the management of the Bank.

Vono Products Plc, a company quoted on the Nigerian Stock Exchange, NSE has lamented the negative impacts of fake products on the company’s business and appealed to the Federal Government to intensify efforts in combating influx of these products into Nigeria. The Managing Director, Mr Tunji Anjorin, while addressing the company’s trade partners at a Press Conference during the unveiling of the company’s new hospital furniture in Lagos explained that influx of fake products, low government patronage and high exchange rate of the Naira to other convertible currencies have moderated capacity utilization in the real sector.

Worried by alleged double standard being played by Shell Petroleum Development Company, SPDC, leaders of Ijaw and Itsekiri Oil and Gas Producing Communities have called for a total review of the company’s policy on manufacturer’s agents.

YOUTHS, weekend, staged a peaceful protest over the death of 10 youths in an auto-crash, while on their way to witness the Appeal Court judgment on Ebonyi State governorship election.

Governor Willie Obiano has commended the people for their support for the government and urged them to continue along that path in 2016.

BETWEEN 1979 and 1983, there were 449 members of the House of Representatives. The speaker of the House then was Chief Edwin Ume Ezeoke from Nnewi while his deputy Alhaji Idris Ibrahim was from Minna. The Leader of the House then was Alhaji Yinusa Kaltungo from Tangale-Waja South, a complete gentleman.