Guaranty Trust Bank remains one of the top two rated Banks in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency. Fitch revised the Outlook on the Bank’s Long term Issuer Default Rating (IDR) from Negative to Stable citing the Bank’s continuing strong earnings, and stronger-than-expected liquidity as the reasons for the revised outlook. ... Read More »
The Lagos State Government has expressed its confidence on the Board and management and leadership of Skye Bank noting that the bank is safe and in good financial health. In a circular released yesterday by the states Permanent Secretary Ministry of Finance/Accountant General, A. S Umar (Mrs), and circulated to the states MDA and Local Governments, she noted that the ... Read More »
Issued at the end of the 7th monthly meeting of the Honourable Minister of Power, Works and Housing with operators of the Power Sector, Held on Monday, July 11 2016 at Benin Transmission Station, Edo State The Honourable Minister of Power, Works and Housing, Babatunde Raji Fashola (SAN) chaired the seventh monthly meeting of operators in the electricity industry in ... Read More »
Lagos, Nigeria, 11 July, 2016: Customers of Lagos City Mall were recently thrilled to a live rock music performance while shopping in the mall. The live music performance was part of efforts by the management of the mall to make shopping a fun affair. The rock performance which was a first of its kind event at the mall featured renditions ... Read More »
source Cable Femi Fani-Kayode, a former minister of aviation, has “met the conditions” for the bail granted him by a federal high court, sitting in Lagos. However, he still has to wait to see how soon he regains freedom. The director of media and publicity in the campaign organisation of ex-President Goodluck Jonathan, was arraigned alongside Nenadi Usman, a former ... Read More »
A Federal High Court in Lagos on Monday discharged an interim order granted the Asset Management Corporation of Nigeria (AMCON), to take over assets of business mogul, Jimoh Ibrahim, over alleged indebtedness. Jimoh Ibrahim Jimoh Ibrahim Justice Abdulazeez Anka set aside the ex-parte order following an application by counsel to AMCON, Yusuf Ali (SAN), that parties were exploring settlement options. ... Read More »
An Iyaganku Chief Magistrates’ Court in Ibadan will on Tuesday sentence a 42-year-old man, Abdulahi Mumuni, after he pleaded guilty to stealing yam flour worth N5, 000. The News Agency of Nigeria (NAN) reports that Mumuni was arraigned in the court on a one-count charge of theft. The prosecutor, Sgt. Omilana Olufemi, told the court that the accused on Saturday ... Read More »
Organizers of the Maltina Teacher of the Year initiative have announced the extension of the deadline for submission of entries for the innovative award to Friday, 22nd July, 2016. This announcement is coming on the heels of appeals by secondary school teachers across the country for more time to enable them file their entries for the coveted prize worth over ... Read More »
The Nigerian print media attracted a total of N23.7 billion revenue from advertising in 2015; representing a drop of N2.1 billion compared to N25.8 billion it recorded in 2014. This information is contained in the just-released 2015 Mediafacts, a key media resource for marketing professionals in West and Central Africa produced annually by mediaReach OMD, a specialist media company that ... Read More »
The Chairman of Skye Bank Plc, Mr. M.K. Ahmad, has clarified that the reconstitution of the board of the bank by the Central Bank of Nigeria (CBN) was not a takeover of the bank but an intervention to correct observed corporate governance issues under the old board. Ahmed made the clarification on Friday while addressing shareholders on the floor of ... Read More »
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