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Ericsson Appoints Rutger Reman Managing Director F

2,351 whistleblowers tip finance ministry

The Ministry of Finance, says it has so far received 2,351 tips from whistleblowers bordering on cases of embezzlement of government funds, looting of assets and contract inflation, among others. In a statement signed by Mr Festus Akanbi, the Special Adviser, Media to the Minister of Finance, Mrs Kemi Adeosun said the tips came via text messages ... Read more

Ministry of Finance receives 2,351 reports of alleged corruption from 'whistle blowers'

The Ministry of Finance has so far received 2,351 tips from ‘whistle blowers’ bordering on cases of embezzlement of government funds, looting of assets and contract inflation, among others, the Ministry of Finance said on Friday. The whistleblower scheme which was introduced by the Federal Government late last year is meant to encour ... Read more

Forex dealers fear further dollar slump as CBN offers $100m

The Central Bank of Nigeria on Thursday offered  the sum of $100 million to meet the requests of wholesale customers, out of which $91 million was taken, indicating greater apprehension among dealers who anticipate a further crash of the dollar in the FOREX market. The Acting Director of Corporate Communications at the CBN, Isaac Okorafor, said ... Read more

Nigerian banks will continue to face challenges in 2017: Fitch Ratings

Fitch Ratings released the following statementon Wednesday on the health of Nigerian banks in the face growing economic challenges.  Link to Fitch Ratings’ Report: Nigerian Banks: Peer Review here LONDON, March 22 (Fitch) Fitch Ratings says Nigerian banks will continue to face challenges this year, following an extremely difficult 2016. ... Read more

Hygeia Group Acquires GCH

Hygeia Nigeria Limited has acquired Gold Cross Hospital, a 35 bedded multi-disciplinary, tertiary care hospital in Lagos subject to regulatory approval. The acquisition also include Gold Cross MRI Diagnostics also in Lagos; a fully operational diagnostic centre with MRI, CT Scan and other diagnostic facilities. The Founder of Gold Cross Hospital ... Read more

Zenith Bank shareholders approve N63.4b dividend, applaud performance

Shareholders of Zenith Bank Plc on Wednesday approved final dividend of N55.573 billion for the year ended December 31, 2016, bringing the total payout to N63.422 billion. The dividend, which translates to N1.77 per share, was paid out of N129.65 billion recorded for the year. The shareholders gave the approval at the Annual General Meeting h ... Read more

FG gets World Bank's $200m credit for restoration of North East

The World Bank's Board on Tuesday approved a $200 million credit  support for the Federal Government of Nigeria to address the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria. The funding is for multi-sectoral crisis recovery projects in the states of Borno, Yobe and Adamawa, including ... Read more

FG Will Assist Ashaka Cement to Act

Monday, March 20, 2017

Babatunde Fashola, Minister for Power, Works and Housing, says Federal Governmen ...
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FG gets World Bank's $200m credit

Wednesday, March 22, 2017

The World Bank's Board on Tuesday approved a $200 million credit  support for th ...
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Boost for Nigeria's auto policy as

Tuesday, March 21, 2017

[B]Despite economic recession, the following first federal government's objectiv ...
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Nigerian Government commends Dangot

Monday, March 20, 2017

LAGOS, Nigeria, March 20, 2017/APO/ The Federal Government has officially confir ...
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Nigerian banks will continue to fac

Friday, March 24, 2017

Fitch Ratings released the following statementon Wednesday on the health of Nige ...
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Forex dealers fear further dollar s

Friday, March 24, 2017

The Central Bank of Nigeria on Thursday offered  the sum of $100 million to meet ...
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