News

Toyota (Nigeria) Limited said on Thursday that importation of new cars dropped by about 90 per cent between the first quarter of 2016 and 2017 first quarter. While 3,500 units were imported in 2016 first quarter, only 350 units were imported in the first quarter of 2017 amidst biting recession worsened by the devaluation of naira and scarcity of foreign …

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Zenith Bank Plc has notified investors of the $500 million second tranche Global Medium Term Note Programme. The lender had earlier in 2014, established $1 billion Global Medium Term Note Programme and subsequently raised $500 million under the first tranche of Notes issued under the programme. Zenith Bank Company Secretary, Michael Otu, said the bank now intends to revalidate the …

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Sultan of Sokoto, Dr. Muhammad Sa’ad Abubakar, has said corruption, hunger, among other factors, are fuelling insecurity in the country. Sultan Abubakar said this at the 2017 National Security Summit on farmers/pastoralist clashes, kidnapping and other forms of violent crimes and bank security in Nigeria, which held in Abuja, yesterday. The monarch also called on the Federal Government to implement …

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Sterling Bank Plc. has been fined N8.025 million by the Central Bank of Nigeria (CBN) over varying infractions against stipulated guidelines in the banking industry. According to the bank’s annual report and financial statements, Sterling Bank incurred the wrath of the apex bank with the contravention of the debit card issuance rule with its issuance of multiple debit cards to …

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 FRIDAY EKEOBA As part of its growth drive, Oando Plc said it has concluded plans to raise $40 billion additional capital which will further boost the company’s development strategy.   Addressing the capital market community on the Lagos floor of the Nigerian Stock Exchange (NSE) during the company’s facts behind the figures in Lagos, Mr. Adewale Tinubu, the group managing …

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Jigawa Government said it had inaugurated an Internal Audit Department in the state’s Ministry of Finance and Economic Planning to comply with fiscal rules. According to a statement by the ministry’s spokesperson, Alhaji Isma’il Ibrahim, in Dutse on Friday while inaugurating the department. The state’s Commissioner for Finance, Alhaji Umar Namadi, said the gesture was to ensure that activities of …

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On the heels of the announcement of the successful sale of Keystone Bank Limited and the promise of the new investors to take active steps towards turning around its operations in order to become more competitive in the sector, the management of the Bank has proceeded on a drive to give a face-lift to its various branches across the country …

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Sugar is a chemical substance that our body requires for proper function. However, you are at risk if the sugar content in your body is too high or too low. Hence, it has to be balanced. Hypoglycemia or low blood sugar can cause both short and long-term complications. In line with this, Jumia Travel discusses the warning signs of low blood …

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Less than 48 hours to the commencement of the 2017 Unified Tertiary Matriculation Examination, complaints of extortion, posting to distant centres and complications in printing e-slips have emerged. Candidates who spoke with our correspondent on Thursday lamented the cancellation of their mock examination centres, payment of extra charges for corrections on their examination forms and difficulty in printing exam slips. …

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An accident which occurred at the Magboro end of the Lagos-Ibadan Expressway on Friday has caused serious gridlock. The accident which involved a truck and a Hyundai Accent car was caused by reckless driving according to eyewitnesses. No life was however lost. Policemen and officers of the Federal Road Safety Corps were already at the scene of the accident to make …

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