The Securities and Exchange Commission has intervened in the operations of BGL Plc, a member of the Nigerian Stock Exchange by suspending its board and appointing an interim management for the group. Our correspondent gathered on Sunday that SEC intervened in the operations of the group after investigating some complaints […]

The World Bank has thrown its weight behind President-elect, Maj.-Gen. Muhammadu Buhari (retd.), to probe the Nigerian National Petroleum Corporation over allegations of missing funds. Speaking in a video conference from Washington to journalists from across Africa on the release of the bank’s analysis of issues shaping the continent entitled, […]

The Central Bank of Nigeria on Thursday expressed deep concerns about the growing amount of Non-Performing Loans in the books of Deposit Money Banks and said it would publish the names of chronic debtors. The Director, Banking Supervision, CBN, Mrs. Tokunbo Martins, who stated this at a press briefing after […]