Macro economy challenges: FBNH, Diamond Bank, Union Bank, FCMB suffer N5.79bn drop in profit

ADEBISI ADEMOLA. First Bank of Nigeria Holdings Plc (FBN Holdings), Diamond Bank Plc, First City Monument Bank Plc (FCMB) and Union Bank of Nigeria Plc...

Researchers investigate the ocean’s deep biosphere.

Bundled in layers of blankets for warmth, Laura Zinke settled in for a two-hour ride to the bottom of the ocean. The temperature dipped...
Mohammed Kari

Bancassurance, Referral agencies threaten over 5,000 insurers’ jobs.

Ahead of the release of guidelines to kick-start the alliances between the National Insurance Commission (NAICOM) and other regulators, the brokerage arm is getting...

Investors in equities market lose N427bn in Q1.

ADEBISI ADEMOLA With the persisting macro economic challenges, investors in the equities market of the Nigerian Stock Exchange (NSE) have lost N427 billion in first...

Access, Zenith report N110.8 bn bad loans for 2016

From ADEBISI ADEMOLA Owing to the severe macro economy environment, both Access Bank Plc and Zenith Bank Plc have reported N110.8 billion bad loans in...
Skye bank

SKYE Bank sacks 4 EDs

Skye Bank Friday sacked four executive directors and replaced them with new ones in a restructuring exercise to rejig the troubled commercial lender. Those sacked...
Jim Obazee

Corporate governance codes are in force—Obazee

The controversies regarding the effectiveness of the recently issued National Codes of Corporate Governance (NCCG) have been laid to rest with the Financial Reporting...
Muhammadu Buhari

UPDATE: FG presents N7.281trn budget for 2017, pegs exchange rate at N305 to $1

....Launches economic recovery and growth plan before end of December   If the National Assembly acceded to the request from the Presidency, President Muhammadu Buhari will next week...
Muhammadu Buhari

FG presents N7.281trn for 2017 Thursday, pegs exchange rate at N305 to $1

....Launches economic recovery and growth plan before end of December If the National Assembly acceded the request from the Presidency, President Muhammadu Buhari will on Thursday propose a budget...
keychukwu Enelamah

BoI threatens InsideBusiness over publication of N12.2m estacodes to Enelamah

The management of Bank of Industry (BoI) has directed its lawyers to write InsideBusiness demanding withdrawal of the publication that the bank paid N12.206...
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