14 results
- 5 Sept 2016
CPC Probes Resort Savings & Loans over Alleged Diversion of Deposits
Consumer Protection Council (CPC) has began probe operations of Resort Savings and Loans Limited (RSL) over allegations of diversion of depositors’ monies and mortgage loans, following inundated…
- 23 May 2023
CBN Revokes Licences of 132 Microfinance Banks, Others
Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was…
- 1 Jan 2020
NSE Lifts Suspension on Omatek Ventures after 2 Years
Nigerian Stock Exchange (NSE) has lifted suspension on trading in the shares of Omatek Ventures Plc as the troubled computer firm continues efforts to stabilise its operations and governance…
- 6 Jul 2017
NSE Axes Omatek, 16 Others over Corporate Failures
Nigerian Stock Exchange (NSE) has suspended trading on the shares of Omatek Ventures and 16 companies over their failures to uphold best corporate governance practices and submit their accounts and…
- 8 Jul 2020
Buyer Beware: NSE Issues Caveat on 13 Companies
Nigerian Stock Exchange (NSE) has warned investors to be wary when dealing with shares of 13 companies after they failed to meet regulatory deadlines for the submission of their financial statements…
- 16 Jun 2019
NSE Raises Red Flag on 34 Firms, Issues Caveat
Nigerian Stock Exchange (NSE) has placed cautionary red alerts on 34 companies for their inability to meet listing requirements, implying underlying corporate governance weaknesses that investors…
- 27 Mar 2018
Milost Ends Unity Bank $1Bn Deal over Threats from Politician
Milost Global Inc., a private-equity firm has ended talks to provide $1 billion to Unity Bank Plc, saying it received threats that it will be run out of Nigeria if the deal continues. The New…
- 23 Jun 2022
Earnipay Restates Bold Ambitions for the Financial Wellbeing of Salary Earners Across Nigeria
Against the backdrop that salaried employees often run out of money between paydays or are in a fix when the money they have can’t take care of pressing needs and bill payments, earned wage access…
- 13 Jul 2020
CBN Empowers Banks to Debit Accounts of Loan Defaulters
Central Bank of Nigeria (CBN) has released guidelines on Global Standing Instruction (GSI) that would enable banks to debit account of loan defaulters without recourse to the account holders. Mr.…
- 27 May 2017
AMCON Recovers N134Bn in 2016
Ahmed Kuru, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, said the agency recovered N134bn in 2016. He stated this at a news conference in Lagos on Friday,…
- 25 May 2021
Imo State Needs Peace to Progress – Ekeh, Zinox Boss
Leo Stan Ekeh, Serial digital entrepreneur and Chairman, Zinox Group, has called on all aggrieved parties in Imo State to embrace peace, noting that no form of progress can take place in an…
- 27 Dec 2018
Falana to Sue NCC over Software Contract to Save Losses
Femi Falana, SAN, human rights lawyer, has threatened to sue Nigerian Communication Commission (NCC), over its refusal to issue contract award letters to enable the successful consultant to deploy…
- 7 Jul 2020
Chamber Seeks Rescue Plan to Stem Massive Job Losses
Lagos Chamber of Commerce and Industry (LCCI) has called for an urgent rescue plan to save the hospitality sector as there is a risk of massive job losses. Dr Muda Yusuf, director-general, LCCI,…
- 23 Oct 2014
DMO Stops Banks from Lending to State Govts
Debt Management Office (DMO) has stopped the commercial banks from lending to the state governments as well as local governments across the country. Timothy Odaah, chairman of Commissioners of…