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PolarisBank Limited, the Central Bank of Nigeria (CBN) backed bank created from thelegacy Skye Bank Plc, over the weekend announced the approval of its 2019financial statements, and appears to be clawing back to ‘sustained’ profitability as it recorded a financial year end (FYE) 2019 profit before taxfigure of N27.34bn (Group figure; Bank is N27.85bn) which was1,110% …
Continue reading “Polaris Bank: Confirms a Resurrection, Tackles Loan Bullets”
The Anambra State Police Command has confirmed the arrest of two suspects in connection with the kidnap and subsequent murder of Ifeoma Esther Onyekwelu , a banker in Onitsha, Anambra State.The woman was murdered after spending days in captivity and in spite of the payment of N14Million Naira by her family to her abductors . …
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the disbursement of liquidation dividends to depositors, creditors, and shareholders of Pearl Microfinance Bank, which is currently undergoing liquidation. This initiative is aimed at alleviating financial losses for verified stakeholders affected by the bank’s closure. To claim their liquidation dividends, eligible individuals must present specific documentation, including …
The federal government of Nigeria has clarified that the fresh $21.5 billion loans proposed by the government won’t stoke the country’s debt burden as it plans to source them from its development partners. The ministry of finance through a statement issued on Tuesday by Mohammed Manga, the director, Information and Public Relations, emphasised that the …
Sat, May 31, 2025 Economy THE Naira remained unchanged on Friday, closing the week at ₦1,586.15 to the Dollar at the official foreign exchange market. It traded at the same rate on Thursday, having gained ₦4.59 against the Dollar earlier in the day. Data from the Central Bank of Nigeria showed the Naira appreciated on …
Continue reading “Naira holds steady at N1,586.15 against Dollar”
Sat, May 31, 2025 Oil & Gas PRESIDENT Bola Tinubu signed the “Upstream Petroleum Operations (Cost Efficiency Incentives) Order, 2025”, to end the high operating costs in the Nigerian oil and gas sector, compared to global average. This is contained in a document obtained by the News Agency of Nigeria (NAN) from the Office of …
Continue reading “Why Tinubu signed executive order on upstream petroleum operations”
Sat, May 31, 2025 …says Kanu being tried for alleged 2018-2021 offences not earlier THE Indigenous People of Biafra (IPOB) has faulted the presentation of an 11-year video interview of detained leader, Mazi Nnamdi Kanu, as evidence against him in his ongoing treason trial, pointing out that the IPOB leader is being tried for alleged …
Continue reading “IPOB faults 11-year old video ‘evidence’ against its leader”
The EFCC accused Mr Emefiele of unlawfully acquiring the estate and keping possession of billions of naira in proxy accounts, while being the CBN governor. Prosecutors have charged former Central Bank governor Godwin Emefiele with stealing and acquisition of multimillion dollars properties in Abuja, PREMIUM TIMES can exclusively report. In the fresh eight counts filed …
The Minister of Finance, Wale Edun, and the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, have implemented various economic reforms and policies aimed at stabilizing the economy and promoting growth. Their efforts have yielded some positive results, but challenges persist. The CBN has made significant strides in unifying the exchange rate, reducing the gap …
Continue reading “How Far Has Edun,Cardoso Gone In A Battle To Save The Economy ?”
In the realm of politics, allegations and counter-allegations often fly thick and fast. To separate fact from fiction, it’s essential to apply a rigorous fact-checking approach. Let’s examine some key claims made by the government and criticisms leveled against them. Economic ReformsThe government has been vocal about the economic reforms implemented under President Bola Tinubu’s …
Continue reading “Evaluating Government Claims Against Critic Allegations: A Fact-Checking Approach”
