Metro

The remains of the late Midwife (Dr.) Rachael Ilesanmi will be buried on Saturday, February 2, 2019 at her hometown of Okemesi Ekiti, Ekiti State. The late mother of Goke Ilesanmi, Editor-in-Chief/CEO, www.gokeilesanmi.com and former Acting Editor of Financial Standard, passed away on Thursday, December 13, 2018 at Ikare Akoko, Ondo State at the age of 80 years. According to …

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Zenith Bank Plc, Nigeria’s second-biggest lender, is increasing its focus on consumer lending as lower oil prices weigh on the economy, hurting its business customers. The Lagos-based bank is expecting to expand retail loans as a percentage of total credit to about 4 per cent this year from less than 1 percent in 2018, Chief Executive Officer Peter Amangbo said …

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Residents of Igbokoda in Ilaje Ese Odo local government in Ondo South senatorial zone who have resigned their fate to living without electricity for the past five years were enveloped in frenzy of joy on Wednesday as Vice-President Yemi Osinbajo commissioned the restored power project facilitated by the BEDC Electricity Plc. (BEDC) and Niger Delta Power Holding Company (NDPHC) which …

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Employees of Oando Plc kicked-off the year by putting smiles on the faces of thousands of people, who were affected by the 2018 floods in Rivers and Bayelsa State, a feat worthy of note and emulation. Last year, the National Emergency Management Agency (NEMA) confirmed that flooding across 16 States and 87 Local Government Areas (LGAs) in Central and Southern Nigeria …

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Protesters under the umbrella of Lagos People’s Assembly(LPA) on Wednesday stormed the Lagos State House of Assembly  over the planned impeachment of the Governor Akinwumi Ambode, demanding that the lawmakers should work with the governor. With banners and placards bearing various inscriptions as of 11 am, agitators said the purported removal of Ambode from office could disrupt the peaceful conduct …

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Shareholders of United Bank for Africa (UBA) Plc are expecting the announcement of a final dividend for the 2018 financial year. This followed the approval of the bank’s financial statements for the year ended December 31, 2018. In a notification to the Nigerian Stock Exchange (NSE), UBA said its Board of Directors last Monday approved its financial statements and payment …

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The Federal Government on Tuesday in Abuja launched the 2019 Humanitarian Response Plan and the 2019 – 2021 Humanitarian Response Strategy for the development of the North East Region of Nigeria. Minister of Budget and National Planning, Senator Udoma Udo Udoma, who launched the Plan, said it is a product of a collaborative effort between the Government of Nigeria and …

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In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria, on Tuesday, injected another sum of $210m into the inter-bank foreign exchange market. Figures released by the CBN indicated that authorised dealers in the wholesale segment of the market received $100m, while the Small and Medium Enterprises and the invisibles segments were allocated $55m …

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International business leader and founder of Aiteo Group (www.AiteoGroup.com), Benedict Peters was awarded African Icon of the Year at the Foreign Investment Network (FIN) and Federal Ministry of Petroleum Resources Honorary Patrons Dinner and Awards Night which held at the Nigeria International Petroleum Summit, Abuja 28th January, 2019. The award is an acknowledgement of Peters’ significant contribution to oil and …

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Nigeria Extractive Industries Transparency Initiative (NEITI) – a body that shoulders the task of improving transparency and accountability in the management of revenues from natural resources – released last December the audit report of the oil and gas industry for 2016. Followingly, BudgIT has critically assessed the report and come up with salient analysis, demanding actions from regulatory bodies in …

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