BREAKING!!Diamond Bank chairman, three other directors resign

The chairman and three non-executive directors of Diamond Bank have resigned from their positions. This was confirmed by the bank in a letter sent to the Nigerian Stock Exchange. In the letter titled “RESIGNATION OF CHAIRMAN AND NON-EXECUTIVE DIRECTORS,” the bank notified “the Nigerian Stock Exchange (NSE) and the public that the following Non- Executive
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The National Association of Nigerian Traders on Monday stormed the ECOWAS secretariat located in Abuja to protest the alleged closure of shops belonging to Nigerians in Ghana . The protest which began at 9 :30am partially paralysed activities at the ECOWAS Secretariat . The protesters marched through the streets of Yakubu Gowon way in Asokoro,
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The Central Bank of Nigeria has revoked Skye Bank’s operating licence. NDIC created bridge bank named Polaris Bank to assume assets and liabilities of Skye Bank. The bridge bank is sold to AMCON which will inject N786bn to recapitalise the bank and return it to stability and profitability before selling to interested investors

Petty traders are not required to tender their Permanent Voter Card (PVC) before benefitting from the TraderMoni scheme, the presidency has said. Mr Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, made this clarification on Sunday in Abuja. Akande, who gave an update on the microcredit
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The Special Presidential Investigation Panel for the Recovery of Public Property said it had commenced investigation towards recovering about $7 billion given to commercial banks as financial bailout 12 years ago . LEADERSHIP Weekend gathered that the money was given to the commercial banks in 2006 , 2007 and 2008 , but till now the
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Three years after facing a record-breaking $5.2 billion fine in Nigeria, South Africa’s telecommunications giant, MTN, is again in trouble with the Nigerian government over the illegal repatriation of $8,134,312,397.63 from the country, in violation of the extant laws and regulations. According to banking industry sources, who spoke to THISDAY, the Central Bank of Nigeria
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REPORTS of the Nigerian Interbank Settlement System, NIBBS, have indicated that Nigeria’s electronic payment (e-payment) services recorded N38.5 trillion transactions in the first half of 2018, H1’18, about 38.4 percent higher than the N27.8 trillion in the corresponding period of 2017, H1’17. mobile money This feat underlines the increasing wave of technology adoption by individuals
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Towards improving the safety of civil servants and boost workplace productivity, the Federal Government and one of Nigeria’s real estate development company, Alpha Mead Development Company (AMDC) has signed a Memorandum of Understanding (MoU) to remodel the Federal Secretariat Complex, Phase II, Abuja. Coming as a Public Private Partnership (PPP) initiative, it will involve the
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The Corporate Affairs Commission (CAC) said yesterday it is working on a plan to lower the cost of registering small businesses from N10, 500 to N5, 500. The Acting Registrar General of the commission, Lady Azinge Azuka Obiageli, said this in Abuja at a panel session during the Business Enhancement Roundtable organized by Daily Trust
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For a long time, Apple appeared to be flying solo to a $1 trillion market value, but Amazon is right at its heels — and experts have no fears of a tech bubble. Apple, at $939 billion, remains the highest-valued private company on the global markets — and could well cross the $1 trillion finish
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