bank

Access Bank moves to block probe of IB acquisition

In a bid to forestall the the probe of how Access bank Plc acquired Intercontinental bank Plc by Financial Reporting Council of Nigerian FRCN, the outgoing managing Director of Access bank plc, Mr Aigboje Aig-Imoukhuede and a Director of the bank Herbert Wigwe have dragged the organization before a Federal Hi...

Categories: PM News
Posted on May 15, 2014

Steel ministry sought bank funding for solid minerals

Musa Mohammed Sada, Minister of Mines & Steel The Ministry of Mines and Steel Development has appealed to banks in Nigeria to fund the solid minerals sector with a view to boosting the national economy. Obiora Azubike, Director of Artisanal and Small Scale Mining Department in the ministry, made the call...

Categories: PM News
Posted on May 11, 2014

“Nigeria is not a poor country!” – President Jonthan replies World Bank

President Goodluck Jonathan, on Thursday, faulted the World Bank report which placed Nigeria among the five poorest countries in the world. Addressing workers at the May Day rally held at the Eagle Square, Abuja, the President said that the only problem or challenge we faced as a nation was not poverty but r...

Categories: Nigerian Gazette
Posted on May 2, 2014

World Bank approves $250 million credit for water projects in Nigeria

The World Bank said it has approved a credit of 250 million US dollars to help the Nigerian Government continue its efforts to increase access to water supply services. In a statement in Abuja on 21 April, the World Bank’s Communications Associate, Africa Region, Bamidele Oladokun, said the credit facility ...

Categories: PM News
Posted on Apr 22, 2014

Armed man takes 3 persons hostage in Russian bank

Police were in talks with a man armed with a hunting rifle who took three people hostage in a bank in Belgorod, southwestern Russia on Monday, security services said. “He issued a demand to hand him over a certain amount of money,” police in Belgorod said in a statement, without saying how much he...

Categories: PM News
Posted on Apr 22, 2014

World Bank gives Bauchi $50m education grant

Pupils of Central Primary School, Zadawa, Bauchi State The Bauchi State Government said it accessed 50 million dollars (N8.5 billion) grant from the World bank for the improvement of the standard of education in the state. The state Coordinator of the project, Alhaji Abubakar Tilde, told journalists how the f...

Categories: PM News
Posted on Apr 18, 2014

In Nsukka, power outage makes phone battery chargers smile to bank

Service providers in Nsukka, Enugu State in eastern Nigeria, who charge telephone batteries for people in exchange for money now smile to the banks as many people now depend on them. Called “telephone battery chargers’’ they have been making brisk businesses as a result of the perennial power outage...

Categories: PM News
Posted on Apr 15, 2014

About 67.5 per cent of Nigerians don’t have bank accounts

The Managing Director of Unity Bank Plc, Henry Semenitari, said in Abuja that only about 32.5 per cent of people living in the country had bank accounts. Semenitari made the disclosure while making a presentation on “Financial Inclusion through Agency Banking” at a three-day Co-operatives Summit a...

Categories: PM News
Posted on Apr 9, 2014

GDP Rebasing: Raise Per Capita Income, World Bank Tells FG

The World Bank has urged the Federal Government to strive to raise its citizens’ per capita income to justify the rebasing of its Gross Domestic Product (GDP). It said that improving on the per capita income in the country would also be in line with the nation’s new status as the largest economy in Africa...

Categories: PM News
Posted on Apr 8, 2014

Amangbo new CEO designate at Zenith Bank

Amangbo new CEO designate at Zenith Bank is a post from: P.M. NEWS Nigeria Peter Olisamedua Amangbo, a long serving staff, has been appointed the new Chief Executive Officer (CEO) of Nigeria’s Zenith Bank, effective from 1 June. The electronics/electrical engineering graduate of the University of Benin ...

Categories: PM News
Posted on Apr 1, 2014

N2.055bn Scam: EFCC Arraigns Four For Defrauding Union Bank

The Economic and Financial Crimes Commission, EFCC, on Tuesday, November 19, 2013 arraigned Salisu Liman (alias Zico), Isaiah Friday, Azaaior Samuel and Dan Asabe Ibrahim before Justice L.B Lawal-Akapo of a Lagos High Court sitting in Ikeja, on a three count charge bordering on conspiracy to defraud, contrary...

Categories: Citizens Platform
Posted on Nov 19, 2013

World Bank commits to supporting Nigeria’s data system

The World Bank is committed to supporting and positioning Nigerian Statistical System (NSS)  to enable it to contribute meaningfully to the national Transformation Agenda, an official has said. Mr Alain Gaugris, a Senior Statistician at the Bank, said this on Monday in Abuja at the  2013 African Statistics ...

Categories: Citizens Platform
Posted on Nov 18, 2013

Okonjo-Iweala Blocked $200 Million Rivers State World Bank Loan -Amaechi

Governor of Rivers state, Rotimi Amaechi has accused the Finance Minister, Dr Ngozi Okonjo-Iweala of stifling a loan facility granted to the state for provision of potable water by the World Bank and the African Development Bank (ADB). Amaechi, who was speaking during the 2nd Retreat of a faction of the Niger...

Categories: Channels
Posted on Nov 18, 2013

ZENITH BANK LOAN: Okorocha’s media aide challenges IMO PDP; threatens to resign if evidence is presented.

In a statement made available to IMO STATE BLOG, the newly appointed spokesperson to Governor Okorocha, Sam Onuaemedo  has challenged the IMO PDP to step forward with evidence to back their clam alleging the N62 billion loan from Zenith Bank. See below: For sometimes now, the People’s Democratic Party, PDP...

Categories: Imo State Blog
Posted on Nov 7, 2013

Court orders police, bank pay for torture, unlawful arrest

A Nigerian High court in Oyigbo, Rivers state, has ordered the police and Main Street bank to pay N5 million as damages to an ex-employee of the bank. Justice Joseph Mbor, who gave the order on Monday in Oyigbo, said the arrest, detention and torture of the applicant, Mr Success Amaefule, was unlawful. He des...

Categories: PM News
Posted on Nov 4, 2013

Nigeria improves in Global business practice ratings –World Bank

By Citizens platform A new report by the World Bank and the International Finance Corporation (IFC) states that Nigeria presently executes global good practices in doing business. According to the report, ‘Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises’ Nigeria allows...

Categories: Citizens Platform
Posted on Oct 30, 2013

LG Chairmen Tasked To Create Data Bank For Effective Planning

Chairmen of Local Government Councils in Ogun state have been advised to create an effective databank for the smooth running of their council areas. Chairman of the State House of Assembly Committee on Local Government and Chieftaincy Affairs, Honourable Olakunle Oluomo gave the charge during the committee’...

Categories: Channels
Posted on Oct 25, 2013

Abia To Institutionalise Data Bank System For Information Dissemination

The new E-library complex being built by the Abia state government is almost 80 percent complete. In view of this, machinery has been put to work for an institutionalised data bank system that would allow journalists and citizens of Abia state from any location to access projects, governance and achievements ...

Categories: Channels
Posted on Oct 22, 2013

FG Launches $150m World Bank Education Project

The Federal Government on Friday launched the State Education Programme Investment Project (SEPIP) with Ekiti, Anambra and Bauchi as the benefiting states. Chief Nyesom Wike, the Supervising Minister of Education, launched the project. SEPIP, which is supported by the World Bank with 150 million dollars, is e...

Categories: PM News
Posted on Oct 18, 2013

World Bank, Nigeria to partner efforts to improve quality of Education

By Citizens platform The World Bank has formally launched a project that would support Nigeria’s quest towards improving the quality of education using a results based financing model. According to the World Bank, this approach allows the disbursement of funds only when agreed results are achieved by the pa...

Categories: Citizens Platform
Posted on Oct 18, 2013

Kaduna police boss to meet with bank managers over spate of robberies

By Citizens Platform Commissioner of Police, Kaduna State, Mr Olufemi Adenaike says he will soon meet with all bank managers to plan new strategies to end the spate of armed robbery attacks on banks in the state. Adenaike told journalists on Thursday in Kaduna that the recent targeting of banks in the state b...

Categories: Citizens Platform
Posted on Oct 18, 2013

Police Boss, Bank Managers To Meet Over Robberies

Commissioner of Police, Kaduna State, northcentral Nigeria, Mr Olufemi Adenaike says he will soon meet with all bank managers to plan new strategies to end the spate of armed robbery attacks on banks in the state. Adenaike told the News Agency of Nigeria (NAN) on Thursday in Kaduna that the recent targeting o...

Categories: PM News
Posted on Oct 18, 2013

Court Enforces Order On Mainstreet Bank

Operations at Mainstreet Bank in Makurdi were interrupted for 30 minutes on Thursday when policemen and court bailiffs came to enforce an order of Benue High Court. The News Agency of Nigeria (NAN) reports that the High Court Judge, Justice Adam Onum had on 31 July, ordered the bank to pay N560,000 as damages...

Categories: PM News
Posted on Oct 17, 2013

400 Million Children Living in Extreme Poverty – World Bank

The number of people living in extreme poverty around the world has sharply declined over the past three decades, but in 2010 it still included roughly 400 million children, or one-third of those living in such abysmal conditions, according to a new World Bank analysis released today, which for the first time...

Categories: Huhu Online
Posted on Oct 13, 2013

World Bank: 400 million children live in extreme poverty

EROMOSELE EBHOMELE/Agency Report The World Bank has said that though the number of people living in extreme poverty around the world has sharply declined over the past three decades, in 2010 it still included roughly 400 million children, or one-third of those living in such abysmal conditions. The analysis m...

Categories: PM News
Posted on Oct 13, 2013

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