Aviation unions confirm FG’s approval of N22.6bn for ex-Nigerian Airways staff
Two unions in the aviation sector on Monday commended the Federal Government for approving N22.6 billion for the payment of entitlements of former workers of the defunct Nigerian Airways Limited….
Skye Bank: Group alleges fraud in revocation of licence
The recent revocation of the operating licence of Skye Bank by Central Bank of Nigeria (CBN) and subsequent acquisition by Polaris Bank Limited may have been tainted with scam and…
Mobile subscription slip to 160.5m in August; internet users jump to 104.6m
The Nigerian Communications Commission (NCC) says active mobile telephone lines in Nigeria decreased marginally to 160.5 million in August from 161.42 million in July. But what was lost in voice…
Konga to invest N2.9b in K-xpress to resolve e-commerce logistics in Nigeria
Olusiji Ijogun, Chairman of Konga, Nigeria’s composite e-commerce giants, has revealed that the company is set to invest N2.9bn in its logistics arm, Kxpress to build a world-class delivery solutions …
Strike looms as Chevron, oil workers union bicker over planned mass sack
Oil and gas workers unions are threatening industrial action over alleged plans by the management of Chevron to circumvent labour contract guidelines to sack thousands of its workers. The national…
Why CBN revoked Skye Bank’s licence, names Polaris Bank as bridge bank
The Central Bank of Nigeria (CBN), on Friday, revoked the operating licence of Skye Bank Plc with immediate effect. The CBN Governor, Mr Godwin Emefiele, disclosed this during a news…
MTN shares rebound on fresh talks with CBN
MTN Group Ltd.’s shares rose the most in more than six months after Nigeria softened its stance over claims that Africa’s biggest wireless carrier illegally transferred $8.1 billion out of…
China pledges more win-win relations with Nigeria says Chao Xiaoliang
The Consul-General of China in Lagos, Mr Chao Xiaoliang ,on Monday restated his home government’s commitment to deepening the win-win relations with Nigeria in the years ahead. Chao, who gave…
South-East to benefit from $2bn China commitments – President Buhari
President Muhammadu Buhari says the new investment commitments coming into Nigeria’s textile sector, of which Aba is a major beneficiary, will be actualized within the shortest possible time. Buhari gave…
Nigerian jailed 32 months in US for wire fraud, to refund $36,926
A computer hacker used personal information he stole from school employees which he used to file 122 tax returns seeking refunds totaling $596,897. Associated Press reports that Daniel Adekunle Ojo,…