By Olamilekan Lartey, Abuja Special anti-graft operatives from the Economic and Financial Crimes Commission probing the N12.86bn missing fund scandal rocking the nation’s pension scheme on Sunday sealed off two filling stations in Kogi State. The stations were said to have been traced to a former director in the Pensions […]
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Inter-bank rates close flat on cash inflows
By Our Correspondent Nigerian inter-bank lending rates were stable at nine per cent on the average this week as cash inflows from government agencies countered the impact of huge outflows for foreign exchange purchases and withdrawals by the state oil company. The secured Open Buy Back closed flat at 8.50 […]
New regime: Stanbic IBTC to retain subsidiaries
By Udeme Ekwere The management of Stanbic IBTC has said that it will retain the bank’s subsidiaries under the new banking regime. This, according to a statement from the bank on Friday, will depend on the approval of the Central Bank of Nigeria. The statement quoted the bank’s Chief Executive […]

