Category Archives: News

S’Africa’s debt becoming uncomfortable –IMF warns


South Africa’s public debt which is approaching rating agencies’ red line of 60 per cent of economic output is reaching uncomfortable levels, an IMF official said on Thursday. Montfort Mlachila, the Fund’s senior resident representative in South Africa, told a

Polaris unveils collateral-free salary advance solution


POLARIS Bank has launched a quick credit solution called “Polaris Salary Advance”. Polaris Salary Advance is a customer-led product that enables employees to get up to 50 per cent of their net monthly salary to meet basic needs before their

Ecobank trains graduates


NEW set of Graduate Trainees have commenced their entry level development programme at the state of the art Ecobank Nigeria Academy in Lagos. The programme, launched in July this year is an intensive eight-week medley of learning interventions for fresh

Ohanaeze Ndigbo blasts Jubril over RUGA comments


The Ohanaeze Ndigbo Youth Council Worldwide has urged the Peoples Democratic Party (PDP) to suspend its Board of Trustees (BoT) Chairman, Senator Walil Jubril, for supporting Ruga settlement for herdsmen. Walil had said the suspended Ruga settlement for herdsmen will

Masters Energy Group repositions for excellence

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THE  board of  Masters Energy Group has constituted a new management following the  resignation of Dr Uchechukwu Sampson Ogah from the board. This follows the appointment of Dr Ogah as Minister Designate  to represent Abia State by His Excellency, President

EFCC goes after Oyo-Ita’s allies, contractors over N3b fraud

Mrs Winifred Oyo-Ita-EFCC

The Economic and Financial Crimes Commission ( EFCC ) has widened its dragnet in search of cronies and aides of the Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita, involved in alleged N3bn bribery, duty tour allowance

Medical Treatment: El-Zakzaky discharges self from Indian hospital


Barely 96 hours after landing in New Delhi, India, for medical treatment, the leader of the Islamic Movement in Nigeria, Sheikh Ibraheem Zakzaky, has discharged himself from the Medenta Hospital and is expected to arrive in Nigeria on Friday (today)

FG to inject $300m in 5,000 SMEs agribusiness


The Federal Government has earmarked the sum of $300million (about N110billion) as a support initiative for about 5,000 Small and Medium Enterprises (SMEs) in the agribusiness. Speaking at the launch of the scheme in Abuja, recently, Vice President Yemi Osinbajo,

Agusto & Co assigns ‘Aa -’ rating to UBA


Nigeria’s leading credit rating agency, Agusto & Co. Limited, has assigned an “Aa-” rating to United Bank for Africa (UBA) Plc. The agency said the latest rating  assigned to UBA reflects the bank’s performance as underpinned by its good liability

Labour accuses CBN, ministry of frustrating NIPOST reforms


The Senior Staff Association of Statutory Corporations and Government-Owned Companies has accused the Central Bank of Nigeria ( CBN ) of frustrating the proposed reform of the Nigerian Postal Service ( NIPOST ). The union also listed the Federal Ministry