Skye Bank’s licence revoked, Polaris Bank takes over

Skye Bank’s licence revoked, Polaris Bank takes over

The licence of Skye Bank has been revoked by the Central Bank of Nigeria. Its liabilities, assets and management will be transferred to a bridge bank, Polaris. The new bank, Polaris has been licenced to carry on the activities of the distressed bank. The Governor of the CBN, Godwin Emefiele, while announcing the development on […]

Many troubles of MTN

Many troubles of MTN

These are not the best of times for MTN Nigeria, the leading telecommunications operator in the country, and a subsidiary of Africa’s largest telecoms network with operation in about 22 countries. In recent times, the company has faced many challenges ranging from allegations of infractions for which it incurred the wrath of the Nigerian Communication […]

NPA MD opens up an alleged dredging contract scam

NPA MD opens up an alleged dredging contract scam

The Nigerian Ports Authority, NPA, has broken its silence over alleged irregularities in the award of the dredging contracts in the Escravos, Warri Port and the Calabar Port channels, insisting that the awards followed every known due process provided in the extant laws. This is against the backdrop of speculations that the dredging contracts were […]

ANALYSIS: Why World Bank rates Nigeria Customs low

ANALYSIS:  Why World Bank rates Nigeria Customs low

ADEYEMI ADEBAYO reports that despite recent claims of reform, tightening border security and raking in huge revenues in duties, the Nigerian Customs Service (NCS) remains poorly managed. In the 2018 World Bank “Connecting to Compete Report On Trade Logistics In The Global Economy,” the Nigeria Customs Service (NCS) was rated 110 out of 160 countries […]

Milk production: FrieslandCampina to invest 23m Euros in Nigeria

Milk production:  FrieslandCampina to invest 23m Euros in Nigeria

Royal FrieslandCampina has announced its decision to invest 23 million Euros in local milk production as part of its Dairy Development Programme (DDP) in Nigeria, according to Hein Schumacher, the company’s global chief executive officer. Schumacher made the statement in Abuja on Friday while he led FrieslandCampina delegation on a courtesy visit to Vice President […]

New Ecobank boss promises customer-focused services

New Ecobank boss promises customer-focused services

The new Managing Director and Regional Executive of Ecobank Nigeria, Patrick Akin Akinwuntan, has assured that he would deliver the brand promise of the bank as a leading financial institution in Nigeria. He gave the assurance as he assumed office on Wednesday. A press statement issued on behalf of Ecobank by APO GROUP, quotes the […]

Top 50 Brands: Dangote is most valuable brand in Nigeria

Top 50 Brands: Dangote is most valuable brand in Nigeria

Dangote Brand has emerged the most valuable brand among the top 50 brands in Nigeria, according to a brand survey unveiled in Lagos at the weekend. This makes it the first Nigerian Brand to achieve the feat since 2013. Brand Nigeria, the agency that coordinated the survey in Nigeria, in its report commended  the efforts of […]

FG committed to fast-tracking ERGP implementation – Udo-Udoma

FG committed to fast-tracking ERGP implementation – Udo-Udoma

Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Thursday reiterated Federal Government’s commitment to the implementation of the various strategies set out in the Economic Recovery and Growth Plan (ERGP), to address the five execution priorities of Macroeconomic Stabilization, Agriculture and Food Security, Transportation, Energy and Industrialization. Senator Udoma who was addressing […]

Bank Customers Association of Nigeria holds summit

Bank Customers Association of Nigeria holds summit

Bank Customers Association of Nigeria (BCAN) will hold its 3rd Biennial Summit on Thursday, August 30, 2018 at Lagos Airport Hotel, Ikeja, Lagos. The theme of the summit is: “Rights and Obligations of Bank Customers.” According to a press statement issued in Lagos by Founder and Chief Executive Officer of Bank Customers Association of Nigeria, […]

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