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EFCC Quizzes Ex-Skye Bank Chairman Over N1bn Jonathan’s Campaign Fund

EFCC Quizzes Ex-Skye Bank Chairman Over N1bn Jonathan’s Campaign Fund

Interrogation of Ayeni, who was accompanied to EFCC’s office by his counsel, began on Thursday The Economic and Financial Crimes Commission (EFCC) has quizzed a former Chairman of Skye Bank Plc, Mr. Tunde Ayeni, for alleged multiple fraud, including a controversial N1 billion donation to the campaign fund of ex-President Goodluck Jonathan in 2011 by […]

Access Bank Reacts To Pornographic Movie Displayed On Its UNILAG ATM Gallery

Access Bank Reacts To Pornographic Movie Displayed On Its UNILAG ATM Gallery

It is dishonorable for users of any of our in-branch tablets to visit inappropriate sites using any of the bank’s platforms Access Bank PLC, has reacted to the pornographic movie that appeared on screen of its University of Lagos, UNILAG’s branch gallery on Friday. Customers queuing to use the bank’s ATM were shocked yesterday morning […]

Abuja-Kaduna Rail Line Now Yields N1 Million Daily – Amaechi

Abuja-Kaduna Rail Line Now Yields N1 Million Daily – Amaechi

The Abuja to Kaduna rail line now generates one million Naira daily, Minister of Transportation, Rotimi Amaechi, disclosed. In an interview with the News Agency of Nigeria on Tuesday in Benin, Amaechi said the feat was because of the increase in passengers that patronise the rail. In an interview with the News Agency of Nigeria […]

Mobil Oil Nigeria Changes Name To 11 Plc

Mobil Oil Nigeria Changes  Name To 11 Plc

Mobil Oil Nigeria Has changed its name to 11 plc, change of name will be implemented by the nigerian stock exchange with effect from 11 August. This is sequel to the resolution passed by the company’s shareholders at its Annual General Meeting (AGM) held on 24 May 2017. The Company has since obtained a new Certificate […]

Is U.S. Dollar About To Hit An Inflection Point

Is U.S. Dollar About To Hit An Inflection Point

It seems that expectations for the U.S. government to get anything done are too low and for the euro are too high The U.S. dollar index has fallen by around 9 percent since the start of the year but that could be about to change, according to strategists at Wells Fargo, who suggest the stocks and sectors […]

Lagos State Releases N515m To 252 Retirees

Lagos State Releases N515m To 252 Retirees

The Lagos State Government released N515 Million as benefits to the State’s retirees, just as it advised them not invest their retirement benefits in unprofitable ventures or businesses that they could not manage. The State Commissioner for the Ministry of Establishments, Training & Pensions, Dr. Akintola Benson, who represented Governor Akinwunmi Ambode at the 41st […]

Abia, Ebonyi, Enugu Apply For Islamic Bank Loan, Get Senate Approval

Abia, Ebonyi, Enugu Apply For Islamic Bank Loan, Get Senate Approval

The Senate has approved part of the 2016-2018 External Borrowing Plan pertaining to the Lagos, Kano railway modernisation project (Lagos-Ibadan segment double track). The upper chamber also endorsed the World Bank-supported reconstruction and rehabilitation of the Northeast at $1.806 billion. This followed the consideration of the report of the Senate Committee on Local and Foreign […]

Osun Govt. Commits N5.1bn To Salaries, Leave Bonuses, Pensions

Osun state government announced Thursday that it has committed a sum of N5,131,680,567.59 for the payment of salary arrears, leave bonuses and pensions to serving workers and pensioners in the state and local government service. The government said this was the recommended by the Comrade Hassan Sunmonu-led Revenue Allocation Committee. The Comrade Hassan Sunmonu appropriation […]

Borrowing Plan: Senate Approves $1.8bn For FG, $750m For States

Borrowing Plan: Senate Approves $1.8bn For FG, $750m For States

The Senate on Thursday approved  $1.806 billion Federal Government 2016-2018 External Borrowing (Rolling) Plan for the Lagos – Kano railway modernization project and the reconstruction and rehabilitation of the North East. The railway project, which includes the Lagos-Ibadan segment double track is to be funded by China Export-Import Bank in the sum of $1.231 billion, while the […]

FG Proposes N8trn For 2018 Budget

FG Proposes N8trn For 2018 Budget

The Federal Government proposed a record N7.939 trillion spending for 2018, making it the third straight record budget of the Buhari administration. This ramps up expenditure despite recording a N2.5 trillion deficit in the first half 2017, which is already more than the N2.2 trillion deficit projected for the whole year. With the proposed enlarged […]

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