Blackmail, not forex, major reason for multinationals exiting Nigeria – Ekeh
Serial digital entrepreneur, Leo Stan Ekeh, has spotlighted the chief reasons why multinationals are exiting Nigeria and warned that if nothing was done, more of such businesses and indigenous ones…
Shell to exit Nigeria’s onshore oil after nearly a century, to sell subsidiary for $2.4bn
January 16, 2024 Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of…
Ex-minister, Charles Ugwuh, in EFCC net over alleged N3.6bn bank loan
The Economic and Financial Crimes Commission (EFCC) has arrested a former Minister of Commerce and Industry, Charles Ugwuh, over an alleged conspiracy and fraud to the tune of N3.6 billion….
Nigeria’s Inflation Rate Rises To 28.9%, Food inflation sees a 10.18% year-on-year increase
Jan. 15, 2024 The country’s headline inflation rate increased to 28.92% in December 2023, relative to the November 2023 headline inflation rate of 28.20%, according to the December 2023 Consumer…
PRESIDENT TINUBU ESTABLISHES SPECIAL PRESIDENTIAL PANEL ON SOCIAL INVESTMENT PROGRAMMES
Jan. 13, 2024 President Tinubu has approved the establishment of a Special Presidential Panel, which will be led by the Coordinating Minister of the Economy and Honourable Minister of Finance,…
Afreximbank, UBA disburse $2.25bn crude oil prepayment loan facilitated by NNPC Ltd
Afreximbank, UBA Announce an Initial Disbursement of US$2.25 billion Under a syndicated US$3.3 billion Crude Oil Prepayment Facility sponsored by the Nigerian National Petroleum Company Limited. Landmark financing…
Just in: Tinubu Suspends National Social Investment Programmes
President Bola Ahmed Tinubu has suspended all administered programmes by the National Social Investment Programme Agency (NSIPA). This is further to the ongoing investigation of alleged malfeasance in the…
Konga rewards shoppers of Apple products with freebies
Konga and Apple have entered a new deal for the sale of brand-new original Apple products Shoppers on Konga now get 2-year warranty on every Apple store product Konga customers…
After sacking old Boards, CBN appoints new CEOs for Union, Polaris, Keystone banks
Hours after dissolving the governing Boards of Polaris, Union, and Keystone banks, the Central Bank of Nigeria has appointed new chief executive officers to run the affairs of the deposit…
CBN dissolves boards, management of Union, Keystone, Polaris banks
Jan. 10, 2024 The Central Bank of Nigeria (CBN) has dissolved the boards and management of Union Bank, Keystone Bank, and Polaris Bank. Mrs Hakama Sidi-Ali, Acting Director, Corporate Communications…