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AMCON decries declining N5 trillion assets, gets new board

Nigerian lawmakers attack Lake Chad boss for perpetuating self in office

The Asset Management Corporation of Nigeria (AMCON) at the weekend decried the falling value of its N5 trillion assets, stating that their current worth might not exceed N1 trillion owing to the toxic nature of banks’ belongings. Its Managing Director, Ahmed Lawan Kuru, who spoke at the inauguration of the new Muiz Banire-led board by […]
The post AMCON decries declining N5 trillion assets, gets new board appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

INEC transfers Ekiti REC

INEC transfers Ekiti REC

The INEC Resident Electoral Commissioner (REC) in Ekiti state, Prof. Abdulganiyu Raji has been moved to Ogun. This is coming barely 20 days to the 2019 general elections. The News Agency Agency of Nigeria (NAN) report that the State Administrative Secretary, Dr Omoleke Muslim, has taken over on acting capacity. The Public Affairs Officer of […]
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Economy gets first policy direction for 2019 today

In the absence of an approved budget for 2019, the Central Bank of Nigeria (CBN), will today, lead the way with a policy decision that revolves around interest rate and sustenance of interventions for frailties of fiscal authorities. The Monetary Policy Committee of the apex bank would come up with a decision in its first […]
The post Economy gets first policy direction for 2019 today appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

Failed e-transactions: report defaulting banks to us, says CBN

Failed e-transactions: report defaulting banks to us, says CBN

The Central Bank of Nigeria (CBN), said any failed instant payment transaction not reversed into the customer’s account within 24 hours after  complaint by the sender or beneficiary should be reported to CBN The Director, Consumer Protection Department, CBN, Mr Kofo Salam-Alada said this in an interview with the News Agency of Nigeria (NAN) on […] …

CBN to launch policy document on financial literacy framework

CBN to launch policy document on financial literacy framework

Uche Usim, Abuja The Central Bank of Nigeria (CBN), in its efforts to deepen financial literacy, will on January 17 and 18, launch key policy documents aimed at facilitating the attainment of the financial inclusion target of 80 per cent by 2020. Policy documents to be unveiled at the conference expected to attract over 400 […]
The post CBN to launch policy document on financial literacy framework appeared first on The Sun Nigeria. …

‘28-day turn-around time makes us reject ships’

NCC denies 9mobile buyer’s emergence on January 16

Josepdam Port Services Nigeria Limited, operators of ‘terminal A’ at the Tin-can Island port, is currently turning back ships seeking to berth at the multi-purpose terminal, its Managing Director, Simon Travers, has said.
Continue reading ‘28-day turn-around time makes us reject ships’ at Vanguard News Nigeria. …

Finally, Access, Diamond banks secure CBN nod to merger

Finally, Access, Diamond banks secure CBN nod to merger

Commenting on the proposed merger, Herbert Wigwe, CEO of Access Bank, said: “I am delighted to announce that we have received the necessary regulatory approvals Uche Usim, Abuja As merger plans between Access and Diamond banks get fine-tuned, the boards of the two financial institutions on Wednesday disclosed that they have received a “No Objection” […]
The post Finally, Access, Diamond banks secure CBN nod to merger appeared first on The Sun Nigeria. …

Access bank set to acquire Diamond Bank

Access bank set to acquire Diamond Bank

The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank Uche Usim, Abuja Following several months of merger and acquisition talks between Access Bank and Diamond Bank, the deal has finally been cemented with the former acquiring […]
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Family of the late Nabil Hanga alleges negligence, seeks justice in court

Family of the late law graduate student of Stamford University, Nabil Hanga, has approached a Lagos High Court in Igbosere, alleging negligence in his death. The 26-year-old graduate student died aboard a flight arranged by De Flight Medics, commonly known as Flying Doctors. The witness, Mrs. Fatima Abdurrahman, told the court presided over by Justice […]
The post Family of the late Nabil Hanga alleges negligence, seeks justice in court appeared first on The Guardian Nigeria Newspaper – Nigeria and World News. …

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