Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC, has emerged as the Best Sub-Custodian Bank in Nigeria at the 2021 edition of the Global Finance Best Sub-Custodian Bank Awards, for the tenth year in a row. The Global Finance Best Sub-Custodian Bank Awards is organised by the Global Finance Magazine and recognises…
After months of speculations, Dangote Urea fertilizer is now finally on sales nationwide and it currently pushes out a minimum of 120 trucks per day across the country. Group Executive Director, (Strategy, Capital Projects & Portfolio Development) Dangote Industries Limited, Devakumar Edwin, revealed to the press over the weekend that the Plant which has the…
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by online news medium. Reacting to the report, the Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, described it as, “fake news” and should be discarded in its entirety He said: “The report is fake news. There is no…
To commemorate World Environmental Day 2021, Rite Foods Limited, a truly world-class and proudly Nigerian Food and Beverage Company, Producers of Bigi Carbonated Soft Drinks (CSD), Fearless Energy Drinks, and variants of sausage brands, in partnership with Sterling One Foundation organized a Beach Clean-up at the Eleko Beach, Lagos on Saturday, June 5. Rite Foods…
The Federal Government has declared Monday, 14th June, 2021 as public holiday to mark this year’s Democracy Day celebration as it warned against agitations capable of threatening the Unity of the country. The Minister of Interior, Ogbeni Rauf Aregbesola who made the declaration on behalf of the Federal Government, congratulated Nigerians on this occasion and…
Ondo State Governor, Arakunrin Oluwarotimi Akeredolu, SAN, has performed the groundbreaking of the first privately owned Inland Terminal LPG Storage Facility in the country. The facility sited within the Ore Industrial Hub by Alles Charis will gulp over N5.5Billion with over 300 jobs to be created initially. When the first phase is completed within the…
The six contestants on the exhilarating music reality show, Nigerian Idol, performed incredibly on Sunday with songs dedicated to the late Afrobeat legend, Fela Anikulapo Kuti, with commendations from the judges who were caught in the mood, singing and applauding as the contestants performed on stage. The Fela Week as it was termed, commenced with…
The Central Bank of Nigeria (CBN) may nationalise ailing Unity Bank Plc over its troubled and unhealthy state, in its bid to save depositors and shareholders’ funds. This follows the apex bank’s target examination which shows that the lender is in grave financial condition with its capital adequacy ratio (CAR) and non-performing loans ratio (NPL)…
The Economic and Financial Crimes Commission, EFCC has denied claims made by Justin Gbagir, Chairman Makurdi Branch of the Nigerian Bar Association, NBA, that he was assaulted and brutalized by operatives of the Makurdi Zonal Office of the Commission on June 8, 2021, leading to his being hospitalized at BUSTH. A statement by the anti-graft…
President Buhari on Thursday inaugurated the commercial operations of Lagos-Ibadan railway project at the Mobolaji Johnson Railway Station, Ebute Metta, Lagos. In a statement by Femi Adesina, presidential spokesman, the President at the inauguration, described the feat “as another milestone in the drive of this Administration to revitalize the railway system and establish it as…