Business

DG, Debt Management Office, Patience Oniha The Director-General of the Debt Management Office, Ms Patience Oniha, has said promissory notes, budget deficit and constant borrowing have led to an increase in public debt. She said this while speaking on Wednesday on Sunrise Daily, a Channels Television programme. While expressing her …

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced that the 6th edition of its annual Youth Leadership Series (YLS) will hold on 6 April 2023. The theme for this year’s edition is “Winning in Career and Business. YLS is a flagship initiative of Stanbic IBTC designed …

National Petroleum Company Limited (NNPC Ltd) on Monday, said it did not pay N20bn to ghost consultants as alleged by an online medium. “NNPC Ltd read with utmost dismay, a report by an online platform alleging: paying the sum of N20bn to ghost consultants, and theft of multi-billion naira tax …

The Group Chairman of United Bank for Africa (UBA) and Heirs Holdings, the leading Pan-African investor, Tony O. Elumelu, CFR, will be traveling to Zambia at the invitation of United States Vice President, Kamala Harris. Mr. Elumelu will join other global leaders at the inaugural meeting of the Steering Committee …

  Appointments of Wole Akinleye as Deputy Managing Director, and Tunde Mabawonku as Executive Director also approved by the CBN   Wema Bank Plc hereby announces Moruf Oseni as the substantive Managing Director and Chief Executive Officer effective April 1, 2023. After serving in acting capacity since January 1, 2023, …

Justice P. I. Ajoku of the Federal High Court sitting in Port Harcourt, Rivers State has remanded Fasiku Olusegun Rapheal, a banker and former staff of First City Monument Bank, FCMB in custody for alleged stealing and currency counterfeiting to the tune of Twenty-Three Million, Five Hundred Thousand Naira (23,500,000.00). …

First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of subsidiaries effecting the name alignment. They are now …

  A contracting firm, Eastline Energy Resources Limited says it has begun the process of filing an exhaustive and comprehensive lawsuit against Conoil, an oil and gas conglomerate owned by Nigerian billionaire, Mike Adenuga over its alleged failure to pay its debt. Obioma Chimechefulem, Managing Director of the firm disclosed …

The statement made available to Daily Record on Thursday read: “Our attention has been drawn to a sponsored sensational report by some online publications on a charge brought against the Bank,” the statement made “While we will not be able to offer further comments as the matter is sub-judice, suffice …

Sterling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022. This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, …