NIA Visits NAICOM in Abuja

Hadiza Bala Usman, Managing Director, Nigerian Ports Authority ...

The influence of Lines of Business (LoBs) over enterprise...

Indigenous oil and gas companies must instill principles of corporate governance...

Royal Exchange Plc has reported N11 billion drop in...

Pleias and the GSMA have announced the release of CommonLingua,...

Online voting has commenced for the Nigerian Healthcare Excellence Award...

The 2015 Presidential Election ended on Saturday, March 28, 2015. It now belongs to the history books. Regardless of the pros and cons of the polls, it came and went. And in a commendable act worth eulogising, the then incumbent president, Goodluck Jonathan conceded defeat and congratulated the declared winner, Muhammadu Buhari, a development that earned widespread local and international applause for Nigeria as a nation.

These are bad times for United Bank for Africa (UBA) Plc and First Bank Limited as both were sanctioned by the Central Bank of Nigeria (CBN) to the tune of N2.9 billion and N1.8 billion respectively for allegedly violating the Treasury Single Account (TSA) policy of the Federal Government. For First Bank, its shares nosedived to 10-year low as a result of the N1.88 billion sanction by the CBN. The bank’s shares fell by 3.9% to N5 in trading at the Nigerian Stock Exchange (NSE), its lowest fall since April 2005.