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Ecobank Nigeria appoints new MD, EDs

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The Board of Directors of Ecobank Nigeria Plc has announced the appointment of Mr. Jibril J. Aku as Managing Director of Ecobank Nigeria.  Aku takes over from Mr. Offong Ambah who has since been elevated to Group Executive Director, Ecobank Transnational Incorporated in charge of Ecobank Capital.
 

Sacked staff want court to shut Afribank

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The retrenched 506 AfriBank staff said they want the National Industrial Court to order the closure of AfriBank for its inability to heed to the court’s order.

The National Industrial Court sitting in Kano had ordered Afri Bank PLC, on January 21, 2010, to pay the full benefits of the sacked 506 staff of the bank based on current salary scale but since the judgment, the bank is yet to settle the affected workers.

 

N500bn Power Fund: Babalola to Raise Technical Team

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A technical team is under way in a bid to ensure an effective application of the N500 billion set aside by the Central Bank of Nigeria (CBN) to boost the power sector.
Last Updated ( Tuesday, 09 March 2010 04:29 )
 

Jonathan orders reopening of Ajaokuta Steel, NIOMCO

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Two years after the revocation the concession of the Ajaokuta Steel Company Limited and National Iron Ore Company of Nigeria to Global Infrastructures Holdings Limited, Acting President Goodluck Jonathan, has ordered that the plants be reopened.
 

Nigeria owes international bodies N7bn unpaid dues, pledges

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Nigeria is one of the countries with a poor record of honouring financial obligations to international development, scientific, cultural and sports organisations to which it belongs, and has amassed a debt of about N7bn in unpaid dues and pledges as at last year.
 
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