AMCON concludes plans to sell PAN, recovers N134b in 2016

Asset Management Company of Nigeria (AMCON) has said that it recovered N134 billion in 2016 alone. But it clarified that not all were cash. The breakdown of the figures shows N86.9 billion was collected in cash; N30.46 billion in assets forfeiture; N7.9 billion in sales of properties; while dividend and other shares amounted to N8.7 billion. The asset More...

by Bar and Bench | Published 1 hour ago
By Bar and Bench On Saturday, May 27th, 2017
0 Comments

Under-dispensing: DPR wields big stick, seals NNPC filling station, 11 others in Kogi

The Department of Petroleum Resources (DPR) in Kogi State on Friday sealed 12 filling stations for under-dispensing fuel to unsuspecting members of the public in the state capital, Lokoja. The NNPC filling station More...

By Bar and Bench On Friday, May 26th, 2017
0 Comments

At last, Senate passes Petroleum Industry Governance Bill, scraps NNPC

The Senate on Wednesday passed the Petroleum Industry Governance Bill (PIGB), 2017. This followed the final consideration and adoption of the report of the Senate Joint Committee on Petroleum (Upstream, Downstream More...

By Bar and Bench On Friday, May 26th, 2017
0 Comments

UBA launches new mobile banking app

The United Bank for Africa Plc (UBA) has announced the launch of a brand new mobile banking application with many user friendly features. The new mobile app which, according to the bank, comes with the biometric More...

By Bar and Bench On Wednesday, May 24th, 2017
0 Comments

CBN retains interest rate at 14%

Injects another $186.5m into the market The Monetary Policy Committee of the Central Bank of Nigeria (CBN) Tuesday retained the Monetary Policy Rate at 14 per cent. The MPC has not made any major monetary policy More...

By Bar and Bench On Friday, May 19th, 2017
0 Comments

Med-View shareholders seek privatisation of aviation agencies

Firm targets N35b profit in next five years Shareholders of Med-View Airline Plc have bemoaned the alleged excessive charges slammed on airline operators by government agencies in the aviation industry, calling More...

By Bar and Bench On Friday, May 19th, 2017
0 Comments

Malabu Oil Deal: Shell stalls trial

By Toyin Akinfolajimi A Federal High Court in Abuja on Thursday could not go on with the scheduled hearing of the preliminary objections to the suit filed by Malabu Oil and Gas Limited against the Federal Government. The More...

By Bar and Bench On Friday, May 19th, 2017
0 Comments

Alleged $166.9m Fraud: Two bank chiefs in court, arraigned

The Managing Director of the defunct Integrated Micro-finance Bank Limited  Mr Simon Ademola Adeteye and a director of the bank  Mr Gabriel Adepoju have been arraigned before a Federal High Court Lagos for allegedly More...

By Bar and Bench On Friday, May 19th, 2017
0 Comments

How to tackle Africa’s energy problems–Akinosun

The legal adviser to the Federal Government’s Advisory Power Team (APT), Mr Dapo Akinosun has called for a home-grown solution to Africa’s energy problems and needs. Akinosun made the call in the on-going African More...

By Bar and Bench On Thursday, May 18th, 2017
0 Comments

Again, CBN clarifies items valid for Forex

Following misconceptions and enquiries across the market about items valid for accessing foreign exchange (forex) from the interbank market, The Central Bank of Nigeria (CBN) on Wednesday listed afresh items that More...