It was rain of accolades for the outgoing General Manager and Chief Compliance Officer of Heritage Bank Plc, Mr. Adewumi Adeniyi, yesterday as management colleagues praised him for his exceptional contribution to the growth of the sector after an unbroken stint of 37 years of working in the banking industry.
The Federal High Court in Lagos yesterday rejected the motion on notice seeking to stop Access Bank Plc from taking over a property owned by the Minister of Petroleum Resources, Chief Don Etiebet, known as Etiebet’s Place in Ikeja, Lagos.
The consumer price index (CPI) which measures inflation dropped to 11.25 per cent (year-on-year) in March compared to 11.31 per cent in February, according to the National Bureau of Statistics (NBS).
Judgement in the trial of Walter Onnoghen, the suspended Chief Justice of Nigeria (CJN), for a six-count charge of fraudulent declaration of assets will be given on Thursday, April 18, the Code of Conduct Tribunal (CCT) has announced.
Indications have emerged that Heritage Bank Plc yesterday on an order of Federal High Court Ikoyi Division seized the property of Smooth Promotions Limited, owner of Hip TV, owned by Ayo Animashaun, situated at No. 4 Ogundana Street, Off Allen Avenue, Ikeja; Lagos following inability to pay back the bank loan worth Hundreds of Millions.
Ecobank Transnational Incorporated has revealed plans to sell $500m Eurobonds at yields that may rank among the highest from emerging markets this year.
Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has again reiterated that the over N5trillion bad debts, which Nigerians expect AMCON to fully recover before its sunset should be seen as a collective problem that concerns all Nigerians irrespective of their socio-political, ethnic and cultural ideologies.
Appraising the performance of the Nigerian investment space the past year, reflects a sector that has continued to respond proactively to emerging global trends following innovative strategies being adopted by those saddled with the responsibility of guiding the investment market towards desirable direction for sustainable growth.
The Managing Director, International Monetary Fund (IMF), Mrs. Christine Lagarde, has advised the Nigerian government to jettison spending on fuel subsidy and expend the money on health, education and infrastructural development.
United bank for Africa Plc UBA has filed a winding up petition against a Petroleum Resources company, Sahara Energy Resources limited over alleged inability of the company to pay a debit of $42,282,430.49/or equivalent of N15,221,674,976.4.