Friday , January 20 2017

Capital Market

SEC, EFCC sign MoU

L-R: Mounir Gwarzo, DG SEC and Ibrahim Magu EFCC Boss during a coutesy visit. In order to ensure an effective policing of the capital market, the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have signed a Memorandum of Understanding. The signing ceremony took place Wednesday ...

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SEC Says Reorganisation for Efficiency

The Securities and Exchange Commission (SEC) wishes to draw the attention of all capital market operators to the following reorganisation exercise recently approved by the Commission: Relocation of Inspectorate Division to the Commission’s Lagos Zonal Office (LZO). To ensure a successful implementation of Risk Based Supervision Model and regulation of ...

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Money Market

Ecobank Masterpass QR Records High Patronage

The Deputy Managing Director, Ecobank Nigeria, Tony Okpanachi has expressed delight over the level of acceptability and wide patronage of Ecobank MasterPass QR, an innovative global digital payment solution recently introduced into the nation’s financial landscape by the Bank. It would be recalled that Ecobank was the first financial institution ...

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Ecobank commissions Agency Banking Outlet at Mowe

    Ecobank Nigeria has commissioned an agency banking outlet at Airtel express shop in Mowe Ofada, Ogun state. This is in line with the Bank’s determination to convert Airtel franchise locations to Agent banking locations. Members of the public can now carry out their financial transactions such as Cash-in; ...

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Brand News

Promasidor Wins NIPR ‘Best Company in Education’ Award

L-R: Oluwatooni Odewole, Assistant Brand Manager, Promasidor Nigeria Limited, receiving the Promasidor ‘Best Company in Education’ award from Professor Ralph Akinfeleye of the Department of Mass Communication, University of Lagos, during the 2016 Lagos PR Industry Gala and Awards (LaPRIGA) organised by the Lagos State Chapter of NIPR at the ...

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Business Wheels


 General Manager, Lagos State Traffic Management Authority, LASTMA, Mr. Olawale Musa (middle); Head, Operation, LASTMA, Mr. Adeoye Oluyemi (left) and his Assistant, Mr. Abidoye Opeyemi (right) during a joint traffic enforcement at Agege and its environs on Friday, …Seeks Willful Compliance With Traffic, Environmental Laws The Lagos State Government on ...

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Ship wreck removal comes under scrutiny

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to revisit procedure of wreck removal from Nigerian waters. Speaking at a forum of the News Agency of Nigeria (NAN) in Abuja, Director General of the agency, Dakuku Peterside explained that the proposed review is intended to enhance efficiency of the ...

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SIC Life to start Universal bank in 2019

CEO of SIC Life, Dr. Aaron Issa Anafure disclosed this at the launch of SIC Life Pensioners’ Association. A life insurer in Ghana, SIC Life Company Limited is set to operate Universal bank in 2019. This was disclosed by the company’s Chief Executive Officer (CEO), Dr. Aaron Issa Anafure at ...

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PTAD Drops 15,600 Pensioners Off Its Payroll

The Executive Secretary of Pension Transitional Arrangement Directorate (PTAD), Mrs Sharon Ikeazor, on Tuesday says the directorate has suspended 15, 600 pensioners from its payroll due to lack of Bank Verification Number (BVN). She also said the agency was set to commence verification of Nigerian pensioners in the Diaspora. Ikeazor ...

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News from Nigeria

MMM, Sambisa and The Boy Died, by Reuben Abati

“Happy New Year, my brother” “What do you mean happy new year, more than two weeks into the New Year. Have I not been in touch with you since January 1?” “But for you the New Year has just started. Your January 1 was not on January 1” “Looks like ...

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Nigeria’s inflation rate hits 18.55 % in December – NBS

The National Bureau of Statistics (NBS), says Consumer Price Index (CPI), increased by 18.55 per cent (year-in-year) in December, 2016 from 18.48 per cent recorded in November. The CPI, which measures inflation, is 0.07 per cent points higher from the points recorded in November. A report released by the NBS ...

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Africa News

Just In: Gambia’s Jammeh ‘agrees to step down

The defeated Gambia president at the December 1, 2016 presidential election, Yahaya Jammeh, has finally agreed to step down for newly inanugurated President Adama Barrow winner of the election. According to tweet by a  France24 journalist in The Gambia, Nicolas Germain, at 5.56PM, almost two hours after the expiration of ...

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Gambia: ECOWAS Gives Jammeh Final Chance To Resign

West African leaders on Friday said they have given Gambia’s Yahya Jammeh, what they say, is a final opportunity to cede power after Senegalese troops entered the Gambia. According to the leaders, he  has been given until 12 noon on Friday to leave office or be forced out by un-backed ...

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Crime Reports

Lagos To Launch Community Policing To Tighten Security

Poised to reduce crime and complement the efforts of security agencies, the Lagos state Governor, Akinwunmi Ambode, has announced plans to strengthen community policing. He disclosed that the government would recruit 5,700 personnel, with 100 in each of the 20 local government and local council development areas within the first ...

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James Ibori Released From UK Prison

  A former governor of Delta State, Mr James Ibori, has been released from a prison in the United Kingdom. He was released on Wednesday afternoon upon a court order. The former governor’s release was confirmed to Channels Television by his spokesman, Mr Tony Eluemunor. The judge, Mrs Juliet May, ...

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