Besides the fact that five bank CEOs were sacked by Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi for gross misconduct, the new managements appointed by the apex bank has been grappling with customers’ fear, marked by panic withdrawals … read more
This year’s Ramadan fast begins today. Ramadan is the ninth month on the Islamic calendar.The commencement of the fast is sequel to a directive by the President-General of the Supreme Council For Islamic Affairs (NSCIA) and Sultan of Sokoto, Alhaji … read more
One of the sacked chief executives of the five bailed-out banks has fled abroad, in spite of earlier claims by the Economic and Financial Crimes Commission (EFCC) that there was no escape route for the ousted bank chiefs. “Well, one … read more
AFTER a 15-day lull, 69 militants from three armed groups in Rivers State yesterday embraced the amnesty offer of the Federal Government, surrendering their arms and ammunition. Also yesterday, leaders and groups in the Niger Delta continued to point the … read more
The furore which greeted the recent deliberation and public hearing of the Petroleum Industry Bill presently before the National Assembly is tumultuous. The urge with which various stakeholders travelled to the National Assembly to make their inputs to the Petroleum … read more
Nigeria’s high court has ruled that its country’s government illegally revoked exploration licences granted to a South Korean oil consortium. The Korea National Oil Corporation (KNOC) had filed an action demanding the restoration of two offshore licences, granted in 2005. … read more
President General of the Nigerian Supreme Council For Islamic Affairs (NSCIA) and Sultan of Sokoto Alhaji Muhammad Sa’ad Abubakar yesterday said this years fasting begins tomorrow since the Ramadan crescent was not sighted on Thursday, Sha’aban 29, 1430. Consequently, the … read more
The 206 of the country’s worst debtors unmasked Tuesday night by the Central Bank have seven days to pay up or face arrest and prosecution, Farida Wasiri, chairman of the Economic and Financial Crimes Commission, said yesterday in Lagos. “We … read more
Security was yesterday beefed up again at the Murtala Muhammed International Airport (MMIA), Lagos, just as a week ago, following concerns over the threat by Boko Haram Islamic extremists to foment crisis in Lagos and other southern parts of the … read more
SENIOR workers in the nation’s financial institutions, yesterday faulted the Central Bank of Nigeria, CBN, over phased implementation of the on-going “Special Examination” of the banks’ accounts which led to the sacking of five banks executives, saying that the action … read more