CBN Plans Digital Currency by October 1, 2021

Mr. O. S. Thomas Commissioner for Insurance/CEO National Insurance Commission The Executive...

The white-stained gloves went off. And the pretence of Best Corporate Governance was publicly muddled as Stanbic IBTC Bank Plc was caught red-handed by the Financial Reporting Council (FRC) for allegedly falsifying and manipulating its annual accounts in 2013 and 2014 to deceive regulators, tax authorities, shareholders and the general public on the true state of its financial results in the two years under review. The sanctions against the bank included immediate suspension of Mr. Atedo Peterside, Chairman and Mrs. Sola David-Borha, CEO.

A week after the House of Representatives passed the 2015 Budget, the Upper Chamber fulfilled its part of the Appropriation process by passing a N4.5tn budget. This is N134.4bn in excess of the N4.4tn submitted by the Executive arm late 2014. Meanwhile, recurrent expenditure was reduced slightly by N0.5bn to N2.6tn while capital expenditure was scaled down by additional N85.9bn to N557.0bn from N642.8bn proposed by the Executive arm. Effectively, this implies that recurrent expenditure is approximately five times the capital expenditure.

Africa remains one of the preferred frontiers for investment...

MTN Nigeria says the N50 billion it paid to...

The Nigerian Insurers Association (NIA), the umbrella body of...

Leading financial institution -Fidelity Bank Plc -has distributed food...

Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB),...