By Friday Ekeoba Notwithstanding its seemingly financial statement for the year ending December 31st 2016, Union Bank Plc Cash Adequacy Ratio (CAR) considering its operations has dropped to 13.3 per cent, compared to the regulatory benchmark of 15 percent respectively. Generally, a bank with a high CAR is considered safe and likely to meet its financial obligations. CAR isused by financial regulators …

Dayo Emmanuel Nigerian journalists have been urged to consider reportage of development issues in the rural areas as paramount. The call was made by Managing Editor online, The Nation Newspaper, Mr. Lekan Otufodunrin at the public presentation of a publication, ‘Solution –Driven Rural Poverty Reporting Initiative’ in Lagos on Friday. The publication, a report aimed at advancing the development issues …

…Post N59.42 bn Revenue The Chairman Transnational Corpoation of Nigeria Plc (Transcorp), Mr. Tony Elumelu has reinterated the commitment of the conglomerate towards significantly increasing power generation in the domestic economy. Elumelu who made this disclosure at the 11th Annual General Meeting of the company in Lagos, also reaffirmed the Board of Director confidence in Transcorp’s growth trajectory and commitment to …

From left:  James Akume, Country Director, AIESEC; Olumide Orojimi, Head, Corporate Communications, The Nigerian Stock Exchange (NSE); Olasubomi Gbenjo, student, Good Shepherd Schools; Pai Gamde, Acting Head, Corporate Services Division, NSE; Sidikat Olajuwon, City of Knowledge Academy; Umeh Angel, Sacred Heart College; Ayodeji Akinbobola, Head, Children Banking, Access Bank Plc; Maxwell Ezenwa, Team Lead Liability Generation, First Bank Limited; Boluwatiwi …

Skye Bank Plc, says it will not be able to submit its financial statement for the period ended December 31, 2016, due to some restructuring and changes that took place in the bank. According to a statement send to the Nigerian Stock Exchange sign by the company secretary Babatunde Osibodu “the bank is currently experiencing some delays with the completion …

Tayo Olanipekun The National Automotive Design and Development Council (NADDC) has dismissed insinuations that the Federal Government may have jettisoned the National Automotive Policy owing to the present state of the Nigerian economy. NADDC Director General, Engr. Aminu Jalal, who recently refuted the allegation as baseless and unsubstantiated, said the Federal Government has already resolved to substantiate the policy initiative …

The police have arrested a minister with the Mountain of Fire Ministries, Mr Franklin Chinedu for allegedly defrauding a widow of her husband’s gratuity. According to P.M.EXPRESS  the widow,  Charity Onje Isaac, was deceived through a false prophecy and lost the N850,000 she was paid by her late husband’s employer, Federal Airport Authority of Nigeria. Charity said Chinedu prophesied that he …

The Central Bank of Nigeria has made moves to strengthen the naira currency to boost domestic manufacturing and lift the economy out of the recession caused by the slump in global oil prices. But analysts said the measures do not go far enough and foreign investment would only return to Africa’s most populous nation once the market determines the currency’s …

South African telecoms giant MTN has paid nearly $100m of a $1.7 bn fine for failing to disconnect unregistered SIM cards in Nigeria, officials said on Friday. “MTN has paid N30bn ($98m, 92 million euros) as part of the fine,” Tony Ojobo, spokesman for Nigeria Communication Commission (NCC) told AFP. “The payment is in furtherance of the agreed timetable for …

The Federal Government has disclosed plans to leverage on tunnelling technology to address the problem of population explosion and transportation in urban centres. The Minster of Transportation, Mr. Rotimi Amaechi, made this known at the first Nigeria International Tunnelling and Underground Space Conference organised by the Tunnelling Association of Nigeria in Lagos on Thursday. According to the minister, who was …