The Asset Management Corporation of Nigeria has announced the sale of Keystone Bank Plc (formerly Bank PHB). The bank was sold to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf-Riverbank consortium) for a sum of N25 billion. AMCON did not officially disclose the purchase consideration. Here is what we know so far; The consortium that acquired …

Ecobank Nigeria Limited has been awarded the International Organization for Standardization, ISO 22301 certificate for ‘Business Continuity Management Systems. This certification is achieved way ahead of the Central Bank of Nigeria’s deadline date of June 2018 for all financial institutions to get certified. The award was presented to the bank by the British Standard Institute, BSI, after about four months …

Folake Sokoya The Ogun state police command has arrested one Kingsley Chigbo for defiling his wife’s 13years old younger sister. The incident was reported to the police at sango Ota divisional headquarters by one Peju  osoba who is the coordinator Of an Abeokuta based child protection Network. She reported that one of her staffs in Ota who went for an …

President Muhammadu Buhari has condemned the attack on traders at a market in Zaki Biam, Benue state, by unknown gunmen, lamenting that it appears Nigerians have lost value for human life. Many people were feared killed in the attack which took place on Monday. The president also commiserated with the people of the state and directed security agencies to immediately …

The Central Bank of Nigeria (CBN) monetary policy committee (MPC) on Tuesday, sustained all monetary policies parameters, in a bid to keep up the battle against inflation. MPC said inflation was down, year-on-year, but the food index rose in February from figures recorded in January, mounting pressure on consumers. Godwin Emefiele, governor of the bank, announced that the committee decided …

The Senate has referred its president, Bukola Saraki, and controversial Senator, Dino Melaye, to the committee on ethics and privileges over allegations of importing a car with fake Customs documents and certificate forgery respectively. The resolution, on Tuesday, followed a motion by the former Senate Leader, Ali Ndume, who said the two cases – alleged seizure of car belonging to Mr. …

Greenwish Partners, a Paris-based independent power producer, will invest $280 million to build solar power plants in Nigeria that are expected to start producing electricity in the first quarter of next year. Advertisement A plant in Enugu State will produce 100 megawatts, while the company will build two others of 50MW each in Kaduna and Jigawa states, the company’s Chief …

The New Nigeria Development Company (NNDC) has revealed that with the present bumper harvest witnessed in agricultural sector in the northern region of the country, the company has entered a partnership with the 19 northern states to bring back marketing board that will serve as a saviour to farmers against post-harvest loss of their produce. This was revealed by NNDC’s …

Nigeria LNG Limited (NLNG) said its shipping operation is relying on the strategic deployment of skills and technology to power its transformation into a global maritime industry leader. The General Manager, Shipping, Capt Temilola Okesanjo, who disclosed this at the Multimodal (Logistics) West Africa Conference, the largest Transport & Logistics Exhibition in West Africa, in Lagos, said the company provides …

Lagos State government has prohibited live band music at various bear parlours restaurants and food joints in the state in what appears like a renewed war against noise pollution in the state. The state government has also called on religious houses to procure sound proof in order to minimise the effect of noise generated on their neighbouring residents through various …