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Skye Bank sacks 400
Skye Bank this morning dispatched letters to about 200 of its staff monday morning bringing to 400 those that have been sacked in a week as it joins in the gale of retrenchment that has hit the banking sector.
Only last week, the bank laid…
Finally, FG orders Ukura, embattled Auditor-General to retire
Amidst petition on allegations of massive fraud and scheming to head a new audit service commission in the works, the federal government has finally directed the Auditor-General, Samuel Ukura, to proceed on retirement.
The directive is…
GTB, FCMB, Fidelity, 5 others pay N3.32b fines for flouting TSA, other infractions
For contravening various rules, including late remittance of funds under the Treasury Single Account (TSA) guiding the Nigerian banking industry, eight banks last year paid a total fine of N3.323 billion.
Of the eight banks that…
Richard Balami appointed postmaster general.
Richard Balami, former deputy postmasters general (Special Duties) has been appointed postmaster general of the federation.
He succeeded Ibrahim Mori Baba whose tenured expired last year.
Balami, one of the six contenders, jostled for…
Crisis rocks NAICOM as workers shut down insurance regulator.
Staff of the National Insurance Commission (NAICOM) shut down work Monday to protest alleged mismanagement and other forms of corruption at the insurance regulator.
As early as 6am, they arrived the office and formed themselves into…
Alleged faulty revenue profile put pressure on NASS, delays 2016 budget.
Alleged lack of revenue profile, faulty Medium Term Revenue Framework (MTRF) and Medium term Expenditure Framework (MTEF) may have delayed works on the 2016 budget, preventing the appropriation bill from being laid before the parliament for…
How American firm bungled Ebola response.
An American company that bills itself as a pioneer in tracking emerging epidemics made a series of costly mistakes during the 2014 Ebola outbreak that swept across West Africa - with employees feuding with fellow responders, contributing to…
Inside the hellish prison where Nelson Mandela was held
Pollsmoor Prison, Cape Town (CNN)
Before we even see the cell, we can smell it. It's the suffocating stench of 86 men squeezed into a room built for 19.
A warden shoves a key into a rusted iron…
Here’s How Electric Cars Will Cause the Next Oil Crisis
With all good technologies, there comes a time when buying the alternative no longer makes sense. Think smartphones in the past decade, color TVs in the 1970s, or even gasoline cars in the early 20th century. Predicting the timing of…
CBN to sanction banks over charges on e-dividend registration.
Banks that charging fees on investors who are registering for the e-dividend payment platform are to face sanctions from the Central Bank of Nigeria (CBN) for non-compliance to the rules of the Securities and Exchange Commission (SEC).…