Finance

Washington DC - US terror watch lists have been radically revised after a foiled attack on a US-bound jet, a White House spokesman said, as tough new airport screening measures swung into effect. No thanks to Farouk Mutallab who has dragged Nigeria’s name into the TW 14.
Officials had conducted a major review of all the [...]

The Central Bank of Nigeria (CBN) yesterday made good its threat to publish names of non-performing debts – owed mostly by politicians, entrepreneurs and shareholders/directors – whose companies secured loans totalling N450 billion from five banks.
The banks - BankPHB Plc, Equitorial Trust Bank, Spring Bank Plc, Wema Bank Plc and Unity Bank Plc - were [...]

NIGERIA - AFTER months of controversies, accusations and speculations, Alhaji Aliko Dangote, yesterday emerged the 17th President of the Nigerian Stock Exchange. Dangote who, until his election, was the First Vice President of the NSE, emerged the President, following his appointment by the NSE Council members in Lagos.
The new President (NSE) Alhaji Aliko Dangote and [...]

NIGERIA - As the wave of bank reforms sweep through Nigeria, it has been revealed that some Bank executives used shareholders funds to acquire private jets. The aircrafts which are spotted at various airports across the country have become a cause for concern.
Stakeholders are asking the APEX body to sell off the jets instead of [...]

NIGERIA - The Central Bank of Nigeria today removed the Managing Directors and Executive Directors of the following banks;
 Intercontinental Bank Plc (Erastus Akingbola)
Oceanic Bank Plc (Mrs Cecelia Ibru)
Union Bank Plc (Barthlomew Ebong)
Fin Bank Plc (Okey Nwosu)
Afribank Plc (Sebastian Adigwe)
 
The new appointees are;
 Lai Alabi (Intercontinental Bank Plc)
John Aboh (Oceanic Bank Plc)
Nebolisa Arah (Afribank Plc)
Susan Iroche [...]

NIGERIA - Every day we watch local TV and in recent times foreign media, billboards, leaflets, personal encounters with bank officers encouraging and enticing us to open accounts or do a form of business with one bank or the other. You look at it and you think “might give it a try someday”. You might [...]