The Senate Committee on Drugs, Narcotics, Financial Crimes and Anti-corruption has summoned the management of the Central Bank of Nigeria and the Asset Management Corporation of Nigeria to appear before it over seized assets worth N150bn. The two federal government agencies had seized the assets in property and cash from […]

Thu Mar 12, 2015/Reuters In the weeks leading up to the U.S. Federal Reserve’s annual stress test of major banks, a former risk executive of Deutsche Bank AG repeatedly warned senior managers of the German bank’s U.S. unit that they were painting a far too rosy picture of the bank’s […]

March 10, 2015/The Will President Goolduck Jonathan Tuesday removed the Chairman of the Subsidy Reinvestment and Empowerment Programme (SURE-P), Gen. Martin Luther Agwai (rtd.), with immediate effect and appointed Mr. Ishaya Dare Akau, as his replacement. A Presidency statement said Agwai’s removal is “In furtherance of his efforts to continuously […]