Central Bank sack Skye Bank executives over failure to meet capital adequacy ratio

Central Bank of Nigeria has sacked top executives of Skye Bank over failure to meet capital adequacy ratio. The Managing Director/Chief Executive Officer, Timothy Oguntayo, who led Skye Bank to acquire nationalised lender Mainstreet Bank in 2014, resigned before CBN made the announcement on Monday. The central bank said Skye Bank’s non-performing loan ratio has… Read More Central Bank sack Skye Bank executives over failure to meet capital adequacy ratio

President Muhammadu Buhari sacks NNPC’s GMD, approves new directors

President Muhammadu Buhari has sacked Emmanuel Ibe Kachikwu as the group Managing Director of the Nigerian National Petroleum Corporation and replaced him with Maikanti Baru. In a press statement issued today in Abuja, the president office stated that Kachikwu as the minister for State for Petroleum will now be the chairman of the Board of… Read More President Muhammadu Buhari sacks NNPC’s GMD, approves new directors

Rumours of coup lead to thorough surveillance of military officers

In an attempt to checkmate activities of some of its men in the rumoured plan of a coup, the Military has started monitoring telephone conversations and text messages of officers and soldiers. Also, security has been beefed up in all military formations and barracks , with a warning to all serving officers and personnel, including… Read More Rumours of coup lead to thorough surveillance of military officers

New York Central Park fireworks explosion leaves tourist critically injured

A 19-year-old tourist in Manhattan’s Central Park suffered a severe foot wound on Sunday after an apparent homemade firework exploded when he jumped off a rock and stepped on the device, authorities said. Police said there was no reason to suspect that the blast, on the eve of Fourth of July celebrations, was the work… Read More New York Central Park fireworks explosion leaves tourist critically injured

Two injured as suicide bomber blows self up near U.S. consulate in Jeddah, Saudi Arabia

A suicide bomber was killed and two other people injured in a blast near the U.S. consulate in Saudi Arabia’s second city of Jeddah early on Monday, state TV reported. This is the first bombing in years to attempt to target foreigners in the kingdom. The attacker parked his car outside a hospital opposite the… Read More Two injured as suicide bomber blows self up near U.S. consulate in Jeddah, Saudi Arabia