The Special Investigator probing the Central Bank of Nigeria has summoned the Chairman of Titan Trust Bank (TTB), Tunde Lemo , and two other shareholders of the bank to a meeting in Abuja on Thursday over the controversial 2022 acquisition of Union Bank of Nigeria.
Source: News Formal (newsformal.com)
Central Bank Of Nigeria Titan Trust Bank Tunde Lemo Shareholders Meeting Acquisition Union Bank
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Tributes for Frank Kokori, Nigerian Union Leader Who Fought Military RuleTributes have appeared from different quarters in praise of Frank Kokori's pivotal role in a struggle that was instrumental in ending 29 years of military rule in Nigeria. Frank Kokori, a labour union leader who spent four years in jail under military rule for leading a devastating oil and gas workers’ strike in 1994, died on Thursday at a hospital in Warri, Delta State. His death, after a protracted battle with kidney-related ailments, came on his 80th birthday.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
African Union troops hand over base to Somali National Army in SomaliaTroops of the African Union Transition Mission in Somalia (ATMIS) hand over a forward operating base to the Somali National Army (SNA) as part of the phased drawdown and handover of security responsibilities. The request for a pause in the African troop drawdown is made due to continued terror attacks in the country. To the headtopics.com administrator, Your posts are always well-written and easy to understand.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
IMF and World Bank Cannot Revive Nigerian Economy, Says Transparency AdvocateDr. Chima Amadi, chairman of the Centre for Transparency Advocacy, believes that the economic remedies provided by the IMF and World Bank are insufficient to revive the Nigerian economy. He also questions the ability of their policies to alleviate poverty in the country. Amadi emphasizes the importance of developing countries having autonomy in policy-making and criticizes Nigeria's high inflation rate.
Source: LeadershipNGA - 🏆 4. / 77 Read more »
World Bank urges Nigerian government to review fuel price upwardThe World Bank has advised the Nigerian government to increase the pump price of fuel, stating that the current price is not cost-reflective. The bank suggests that petrol should be priced at N750 per litre, higher than the current N650. The bank's Lead Economist for Nigeria, Alex Sienaert, made this recommendation during a presentation in Abuja.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Guaranty Trust Holding Company Plc faces worst credit and financial asset losses in yearsGuaranty Trust Holding Company Plc (GTCO) faced the worst credit and financial asset losses in years in the 2023 financial year so far with total asset impairments hitting N148.6 billion by the end of the third quarter.
Source: thecableng - 🏆 2. / 80 Read more »
Central Bank of Nigeria warns accounts without BVN and NIN will be frozenThe Central Bank of Nigeria has issued a warning that bank accounts without a Bank Verification Number (BVN) and National Identification Number (NIN) will be frozen. The directive aims to strengthen the Know Your Customer (KYC) procedures in financial institutions and will be effective from April 2024.
Source: GuardianNigeria - 🏆 1. / 94 Read more »