The proposed merger between Access Bank Plc and Diamond Plc yesterday received heavyweight endorsement from the Central Bank of Nigeria (CBN), which said it had no objection to the planned business combination. The apex bank in a letter dated December 17, 2018, addressed to the Managing Director/CEO of Access Bank and signed by Director of […]
Some oil companies operating in Nigeria are contributing to the country’s economic adversity, chairman of the Special Presidential Investigation Panel for the Recovery of Public Property, Okoi Obono-Obla, said on Monday. Mr Obono-Obla, a presidential aide, made the observation in Abuja during a media briefing on the activities of the panel. He identified one of […]
THE negotiations between Federal Government and Academic Staff Union of Universities (ASUU), Monday ended in deadlock again. The ASUU delegation walked out of the meeting which lasted for hours at the instance of the Minister of Labour and Employment, Senator Chris Ngige, at the Conference Haill of the ministry. The meeting was convened to ensure […]
Mr Henry Ikem-Obih, Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation (NNPC) says the Federal Government has paid the agreed N236 billion as first tranche of the outstanding subsidy claims to oil marketers. Ikem-Obi, who disclosed this in an Interview with the News Agency of Nigeria (NAN) on Monday in Abuja, said that government, through […]
Former champions Chelsea will face Malmo in the last 32 of the Europa League while Arsenal will lock horns again with BATE Borisov. The two sides met in the Europa League last season, the Gunners hammering the Belarussian side 6-0 at the Emirates. Five-time champions Sevilla, currently second in La Liga, face a difficult tie […]
The board of Diamond Bank Plc on Monday finally announced its merger with Access Bank Plc expected to be completed in first half of 2019. The News Agency of Nigeria (NAN) reports that both banks recently denied media reports of any merger. Mr Uzoma Dozie, the bank’s Chief Executive Officer, said in Lagos the board […]
The Director, Payment System Management Department, Central Bank of Nigeria, Mr. Sam Okojere, has urged banks to enhance their reporting on fraud related cases in accordance to the CBN’s directive. According to him, failure to do so would no longer be condoned. Okojere, who also doubles as the Chairman of the Nigerian Electronic Fraud Forum […]
An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials. Italy’s Eni and Shell bought the OPL 245 offshore field for about $1.3 billion in a deal that spawned one […]
Jose Mourinho’s Manchester United left Anfield Sunday empty-handed, after they lost 1-3 the scintillating and intense match against league leaders Liverpool. Super substitute Xherdan Shaqiri was the star as he punished United with two goals within seven minutes, the first on the 73rd minute, just three minutes after replacing Naby Keita. Seven minutes after, he […]
The consumption of Liquefied Petroleum Gas, popularly known as cooking gas, in Nigeria, increased by 600 per cent in the past two years, the Federal Government announced on Thursday. In his address in Abuja, the Minister of State for Petroleum Resources, Ibe Kachikwu, said that the Nigerian Gas Policy had helped in growing the country’s […]