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Skye Bank Boss Explains Low Lending to Indigenous Oil Firms

The Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti, has said the weak corporate governance among indigenous oil companies discourages banks from lending to them, saying many of the companies have dominant individuals as promoters.
Updated 7 Years ago

Market Slides Further Despite Rally by Banks

The Nigerian equities market benchmark index closed 0.34 per cent lower yesterday to book the second consecutive decline in spite of a rally by banking stocks.
Updated 7 Years ago

Investors Gain 135% as Okomu, Wema Lead Market Recovery

Investors, who bought the shares of Okomu Oil Palm Plc and Wema Bank Plc at the beginning of the year have continued to smile as their investments have witnessed a growth of over 130 per cent as at last Monday.
Updated 7 Years ago

House Tackles CBN over N4.7 Billion Expenditure

The House of Representatives Committee on Public Accounts Tuesday gave the Central Bank of Nigeria (CBN) 48 hours to respond to queries that it incurred some “frivolous expenditure” totaling N4.7 billion.
Updated 7 Years ago

Okorocha dumps APGA, declares for APC

Governor Rochas Okorocha of Imo State on Tuesday finally bid farewell to the All Progressives Grand Alliance (APGA) with a formal declaration for the All Progressives Congress (APC).
Updated 7 Years ago

23 governors to join APC

Eight pro-All Progressive Congress (APC) governors and political heavy weights yesterday converged on Owerri, the Imo State capital, for the fledgling party’s maiden sensitisation and awareness rally in the Southeast.
Updated 7 Years ago

Clark: South-south Can’t Impose President on Nigerians

Elder statesman, Chief Edwin Kiagbodo Clark, has warned those threatening to make Nigeria ungovernable if President Goodluck Jonathan is not re-elected in 2015 to desist from such undemocratic comments.
Updated 7 Years ago

Ekiti Assembly Confirms Dep Gov-designate

After several hours of screening, the appointment of the new Deputy Governor-designate of Ekiti State, Prof Modupe Adelabu, was Tuesday confirmed by the state House of Assembly.
Updated 7 Years ago

CPC’s Merger with Opposition Parties Threatened over ‘Missing’ Registration Certificate

The Congress for Progressive Change (CPC) has written to the Nigeria Police Force complaining over the theft of its original party registration certificate issued by the Independent National Electoral Commission (INEC).
Updated 7 Years ago

Court Summons Adoke, IG over Rivers PDP Crisis

The Federal High Court sitting in Port Harcourt has summoned the Attorney General of the Federation, Mohammed Adoke and the Inspector General of Police (IG), Mohammed Abubakar, to appear before it over the sealing of Obio/Akpor Local Government Area secretariat in Rivers State by the police.
Updated 7 Years ago

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