Three Bank Chiefs Quit NESG Over Criticism Of CBN Policies       The three chief executive officers of banks who are members of the board of the Nigeria Economic Summit Group (NESG) may have pulled out yesterday over the group’s criticism of some policies of the Central...

Senate Summons Ahmed, Fashola, Others     The Senate on Tuesday, summoned the management of the United Bank for Africa to appear before it over its alleged N41bn indebtedness to the creditors and liquidators of the defunct Nigerian Telecommunications Limited and the Mobile Telecommunications Limited. The Senate Committee...

Oliver Alawuba Becomes CEO As UBA Employs 4,000   United Bank for Africa Plc on Monday appointed Oliver Alawuba as the chief executive officer of UBA Africa to oversee the bank’s 20 African country operations, except Nigeria. A statement said he succeeded Victor Osadolor, who retired from...

UBA , Access, Lafarge Join NSE’s Elite Premium Board     The Nigerian Stock Exchange (NSE) said it will be migrating from Monday 16 April Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board. In a...

The equities market closed yesterday on a negative note, as the Nigerian Stock Exchange (NSE) All Share Index (ASI) and market capitalisation depreciated by 0.70 per cent each. At the close of business, there were 10 gainers and 22 losers, which drove the ASI...