A little over one year after it was granted commercial banking license with regional authorisation by the Central Bank of Nigeria (CBN), the shape of Providus Bank brand is gradually emerging. The bank consolidated itself with the inauguration of its ultramodern headquarters, last week, in Victoria Island, Lagos. The Managing Director of Providus, Walter Akpani, […]
Following the resignation of pioneer Managing Director/Chief Executive Officer, Mr. Kamar Abass, ntel, Nigeria’s first 4G/LTE-Advanced network on Tuesday appointed Abhulime Ehiagwina as Acting CEO. A statement signed by Director, External Affairs, Osondu Nwokoro, said, “Mr. Abass stepped down from his role as CEO due to urgent personal and medical considerations.” Osondu said Abhulime Ehiagwina […]
By Chijioke Ohuocha A group of Nigerian banks has agreed an extension to a $1.2 billion loan made to 9mobile (formerly known as Etisalat Nigeria) pending the mobile operator finding new investors, First City Monument Bank said on Tuesday. Nigerian regulators stepped in last month to save Etisalat Nigeria from collapse and prevent lenders placing […]
Two Pakistani nationals and importers of consumables have been arrested by the Standard Organisation of Nigeria (SON) Enforcement Team. The men according to SON officials specialize in changing manufacturing and expiry dates of already expired imported Fruit Juice in Lagos. A statement from the organisation stated that the cartel allegedly brought in the consignments under […]
Katsina state government is to revive all the moribund industries in the state to boost revenue and provide employment opportunities to its teeming youths, Governor Masari has said. The governor listed the industries to include; the Kankara Kaolin Factory, Daura Leather works, Mani Flour mills, Funtua Burnt Bricks, Danja Sugar factory and other various fertiliser-blending […]
Nigeria’s Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has been elected the Vice-Chairperson representing Africa for the 11th World Trade Organisation (WTO) Ministerial Conference Nigeria’s election was decided at the meeting of the WTO General Council on July 26. The General Council acts on behalf of the Ministerial Conference on all WTO affairs. […]
The Central Bank of Nigeria (CBN) on Monday offered $100 million in wholesale auction at the inter-bank foreign exchange market and intervened in the Small and Medium Enterprises (SMEs) and invisible segments, with the sum of $50 million and $45 million respectively. Confirming the figures, CBN Acting Director of Corporate Communications, Isaac Okorafor reiterated that […]