Business

Access Bank

Cameroonian Bank Buys Access Bank’s Subsidiary

Business January 7, 2014 at 6:37 pm 0 comments

Cameroon’s Afriland First Bank Group, has bought the subsidiary of Access Bank Plc in Ivory Coast. The transaction was completed after the new buyers paid a sum of $1million.
Despite Access Bank’s success in Nigeria, it was said to have struggled for

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Lack Of Funds Delay Work On Lagos-Ibadan Expressway; Govt To Concession Road

Lack Of Funds Delay Work On Lagos-Ibadan Expressway; Govt To Concession Road

Business January 7, 2014 at 8:43 am 0 comments

Investigations has revealed that work is being delayed on the Lagos-Ibadan Expressway due to lack of fund. A source who revealed to a reporter, stated that there is high posibility that the federal government might hand over the road to a concessionaire.
The Nation reports that motorists will continue to

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$11Billion Not Missing, We Have Spent It – NNPC

$11Billion Not Missing, We Have Spent It – NNPC

Business January 6, 2014 at 6:07 pm 0 comments

The Nigerian National Petroleum Corporation (NNPC) has dismissed the claim that the sum of $10.8billion, out of the alleged unremitted $49.8 billion crude oil fund, was missing.
Rather the corporation said that the money has been spent on the various services it renders for the government, such as “the unpaid

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Nigerian Police To Spend N125.6m On Dogs In 2014

Nigerian Police To Spend N125.6m On Dogs In 2014

Business December 30, 2013 at 9:16 am 0 comments

The Nigeria Police Force is to spend N125, 629,606 million on its dogs in 2014.
The amount is contained in the Police budget proposal submitted to the National Assembly by President Goodluck Jonathan in Abuja last week.  The presentation was made on his behalf by his Minister for Finance, Dr.

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CBN: 30.7m Nigerians Have Bank Accounts

CBN: 30.7m Nigerians Have Bank Accounts

Business December 25, 2013 at 11:28 am 0 comments

The Central Bank of Nigeria (CBN) has said Nigeria lags behind some of its peers in Africa when it comes to the provision of financial services.
In a circular released yesterday, the apex bank said only 36.3 per cent of the country’s adult population, representing 30.7 million out of 84.7 million

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Ngozi Okonjo Iweala

‘Budget Of No Hope’, Professional Bodies Says 2014 Budget Is A Shame

Business December 24, 2013 at 3:56 pm 0 comments

The Association of Professional Bodies of Nigeria, on Tuesday expressed concern that 2014 national budget was too much skewed to make meaningful impact on the lives of most Nigerians.
 The President of the association, Mr Bala Ka’oje, said in an interview with the News Agency of Nigeria in Lagos that only

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