The management of Skye Bank Plc has announced the promotion of over 300 of its employees under the 2016 annual staff performance review exercise. The promotion, which cuts across several cadres up to the managerial level, according to the bank, is in line with its effort to reward staff members who performed creditably in their various roles during the past …

The Board of Directors of the African Development Bank has approved a US $90-million financial package comprising a US $50-million Line of Credit and US $40-million Trade Finance Line of Credit to Commercial Bank of Africa Limited (CBA), Kenya. The funding will be channeled to SMEs and local corporates in infrastructure, tradable and other transformative sector transactions in Kenya. It …

The Managing Director, Nigerian Railway Corporation (NRC), Fidet Okhiria, has explained that the increase in fare of Abuja-Kaduna rail line was to meet up with the part cost of the rail operations. Mr. Okhiria told the News Agency of Nigeria in Abuja on Tuesday that the initial fare of N600 is now N1,050 and the executive coach that was N900 is now …

The World Federation of Exchanges on Tuesday published a white paper entitled ‘The interplay between Central Counterparty (CCP) recovery and resolution: a global perspective’, setting out the views of the exchange and CCP community from a global practitioner perspective. Specifically, the paper outlines the position of the WFE and its global membership base on two key issues: The boundary between …

Olabode Adaramola The Director General, National Youth Service Corps, (N Y S C) Brig.  Gen. Suleiman Kazure has implored Corps members to stop seeking for relocation from the north adding that the north is now safe and no longer volatile. According to him, more than 50 per cent of Corps members sent to the north usually seek relocation to other parts …

The Federal Government will provide incentives and the necessary logistics support to investors whose areas of interest are in the development of the agriculture and energy sectors as well as industrialization. These are also the major execution priority areas of the Economy Recovery and Growth Plan (ERGP) being developed by Government to get the country’s economy out of recession and …

Coronation Merchant Bank Limited (‘Coronation MB’); an emerging merchant banking franchise with industry-leading financial stability indicators has today unveiled its new corporate identity. Far more than just a logo, the new corporate identity has been designed to communicate Coronation MB’s vision (to be Africa’s premier investment bank), ambition and inner strength. The lion, a core feature in the design, is …

Lagos state governor, Akinwunmi Ambode, has said he has plans to take commercial buses popularly known as Danfo off Lagos roads before the end of the year. He explained that this is to create a more efficient, “well-structured and world class mass transportation system that would facilitate ease of movement within the city”. Ambode also promised that his administration would …

Senate President Bukola Saraki on Tuesday criticised how the power sector was privatised, saying it was sold to individuals who had no idea about how to run it.  He said the mistakes of past governments “borne out of ignorance, selfish interests and fraud”, brought Nigeria to this point. Saraki said this at a workshop on power sector organised by the …

FMDQ OTC Securities Exchange on Tuesday signed a Memorandum of Understanding with Dow Jones Indices, a division of S&P Global, for the adoption of S&P Nigeria Sovereign Bond Index. The S&P Nigeria Sovereign Bond Index tracks the performance of local currency denominated sovereign debt, publicly issued by the Federal Government in its domestic market. The index is a sub-index of …