The National President of ASSBIFI, Olusoji Salako, told the News Agency of Nigeria in Lagos that the report indicated that the level of fraud in banks was high
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He said there was an urgent need for the shift because the country’s dependence on oil resources was dangerous since the oil market was already shrinking
The Market capitalisation of all the listed securities grew by N4 billion to close at N11.58 trillion from the N11.57 trillion exchanged on Thursday
Those appointed are Dr. Abubakar Atiku, Deputy Managing Director; Sunny Iroche, Director, Finance and Accounts; Halima Aliyu, Director, Human Resources and Corporate Services; T.O. Utah, Director, Transmission Service Provider
Amadi is expected to give new investors in the power sector and the general public the assurance of the capacity to provide effective regulation of the industry by his commission
Adesina commended the Delta State Government for allocating 6,000 hectares for the cultivation of cassava at a proposed processing plant at Abraka
The governors described the present over-reliance on oil revenue as a resource-based economy, which they said was not sustainable in view of the vagaries of the international market and the growing discoveries of alternatives to oil
Officers and men and the Lagos State Fire Service were said to have raced to the scene to contain the fire
“The distributable statutory revenue was N483.482 billion, which was
below what was budgeted for the month by N111.282 billion
Similarly, the market capitalisation, which opened at N11.51 trillion, appreciated by N69 billion to close at N11.57 trillion
Nwankwo was speaking at a one-day workshop for the South-South, South-East and South-West geopolitical zones on Effective Sub-National Debt Management for Top Policy Makers in the states
Uduaghan, who has been championing the “Delta Beyond Oil” initiative in the last six years, said he was the happiest Nigerian at the venue of the opening ceremony with the decision of Nigerian editors to expand the scope of his vision to the national level
The report noted that in terms of level of soundness, 10 banks were rated sound, nine satisfactory and only one was rated marginal
However, the volume of shares traded on Wednesday rose to 249.97 million shares worth N1.9 billion from the 198.15 million shares valued at N1.8 billion traded on Tuesday
Mancha said the committee discovered that both the State and Local Governments attracted fund from the SURE-P since January 2012, which the two tiers did not disburse to the beneficiaries
The three-day event, scheduled from May 7 to 10, 2014, is expected to
draw over 700 participants from more than 40 countries to host city, Abuja, to discuss the continent’s integration agenda and a renewed commitment to sustainable growth and development
The Bank reported a 2013 half year Profit After Tax of N49.01 billion, an increase over the N45.55 billion reported in June 2012
Zenith Bank depreciated by 99k to close at N20 per share, while Flourmill dipped by 97k to close at N76.01 per share
He said that the government would encourage private sector involvement in the development of the agriculture sector, particularly rice production, stressing that food importation was affecting the nation negatively
In a statement by Chigbo Anichebe, the Head, Public Communications, Bureau of Public Enterprises, the council said N119.2 billion was used to pay the workers up to August 16.
It stated that the privatisation process of the power sector was on course with the payment of severance benefit to former workers