News - Business and Economy

NIGERIA: BANKS TO ADOPT BIOMETRIC SYSTEM FOR CUSTOMER IDENTIFICATION

3 years ago /

Yet another milestone in the transformation of Nigeria's financial system is to be reached in February 2014; the introduction of the biometrics system to the financial institutions.

RIVERS: GOVERNOR ROTIMI AMAECHI DECLARES RIVERS STATE AGRICULTURAL SECTOR OPEN TO INVESTORS

3 years ago /

A multi-billion naira plantation in Rivers state has provided the litmus test of growing investors’ confidence in the efforts of the Governor Amaechi administration in boosting the agricultural sector in the state.  

ECONOMY: Central bank reverts to paper notes, to stop production of polymer notes

3 years ago /

The Nigerian naira was first introduced in paper form. It had its strengths and weaknesses.  

WORK ETHICS: FG draws plan to curtail inefficiency and laziness in the work place

3 years ago /

Majority of workers in Nigeria are found wanting in punctuality in the workplace, disregard for lunch breaks and nonchalant attitude to issues of national development. 

 

LABOUR RELATIONS: House of Reps Summon Bank Chief over Disenguaged Staff

3 years ago /

The Nigerian House of Representatives has summoned the Managing Director of Mainstreet bank, Faith Tuedor-Matthews to appear before it following a petition brought by 670 staffers allegedly sacked by the bank. Reading through the riot act at an interactive session with the petitioners, the Chairman House Committee on Banking and Currency, Jones Victor Onyereri says the bank chief risks being arrested if she fails to appear before the committee on the October 2nd.

 

MEDIUM TERM EXPENDITURE: Senate stands down debate, seeks further explanation on projections

3 years ago /

Consideration of the 2014 and 2016 medium-term expenditure framework suffered a setback on the floor of the Nigerian Senate on Wednesday when the Upper camber of the legislative arm stood down debate on the projections in the documents to seek further information on the assumptions.

 

SURE-P: Senate calls for transparency and accountability

3 years ago /

Accompanied by some other members of the committee, the Chairman Abdul Ningi, demanded to know the performance level of the Sure-P intervention scheme. He asked for the highlights of the terms of reference, of limitations, and where necessary, of successes and challenges.

 

14,000 ex-bankers sue CBN over unpaid bills.

3 years ago /

FOURTEEN thousand ex-workers of non-consolidated banks in Nigeria have sued the Central Bank of Nigeria over the bank’s alleged refusal to pay their entitlements.

UBA CEO Philip Udozua wins CEO of the year awards

3 years ago /

The Group Managing Director of the United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, has been named Socially Responsible Investment (SRI) 30 “CEO of the Year” by African Investor; one of the leading investment and specialist communications firm advising governments and businesses on investments in Africa.


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