Business
The Dangote Refinery, with a capacity of 650,000 barrels per day, is set to meet the growing demand across West, Central, and South Africa. Dangote’s commitment to Africa’s development is evident in his investments, and he encourages others to follow suit.
African Business Leader Calls for Increased Investment in the African Continent. Read More »
Nigeria’s external debt burden continues to weigh heavily on the nation’s finances, with a significant $1.12 billion spent on foreign debt service payments in the first quarter of 2024. This marks a 39.7% increase from the same period in 2023, according to data from the Central Bank of Nigeria. The debt service payments have been
Nigeria’s Foreign Debt Burden: $1.12 Billion Spent on Servicing in Q1 Read More »
Binance’s CEO, Richard Teng, had accused unidentified individuals of demanding the bribe on behalf of officials, but the government and the House of Representatives have denied the claims.
Binance’s Bribery Claim: Reps Reject Claims, Demand Evidence Read More »
Over 9,000 oil marketers in Nigeria are at risk of losing their operating licenses due to the Nigerian National Petroleum Company Limited’s (NNPCL) deadline for license renewal. The NNPCL given marketers a deadline of April 15, 2024 to renew their license, the penalty attracts closure of access to customer express portals for the purchase of
9,000 Oil Marketers at Risk of Losing Licenses Amid Fuel Scarcity Read More »
As Nigerian workers commemorate the 2024 May Day on Wednesday (today), organized labour has expressed concern about the rising food prices and fuel scarcity in the country, saying the current situation threatens workers’ survival. The Nigeria Labour Congress and the Trade Union Congress leaders, in separate interviews with The PUNCH on Tuesday, lamented the harsh
Workers Day; Labour Laments Over Food Prices And Fuel Crisis Read More »
Adaora Umeoji. The newly appointed Group Managing Director and Chief Executive Officer (GMD/CEO), of Zenith Bank, is the first female to occupy the position in the bank. I read a bit about her and found out this useful information about her. Adaora Umeoji has a diverse educational background—she earned a Bachelor’s degree in Sociology from
Zenith Bank appointed a new GMD/CEO. Read More »
The Central Bank of Nigeria (CBN) has taken the decisive step of revoking the licenses of 4,173 Bureaux De Change Operators, citing their failure to adhere to regulatory provisions. This action, announced in a statement on Friday by the bank’s Acting Director of Corporate Communications, Sidi Ali Hakama, aims to restore confidence in the nation’s
CBN Revokes Operational Licenses Of 4,173 BDCs Read More »
Army Officers Honoured For Rejecting N1.5m Bribe From Cattle Rustlers Eight members of the Operation SAFE HAVEN (OPSH) Special Task Force, responsible for internal security operations in Bauchi and Plateau States, including some parts of Southern Kaduna, have been recognized for their unwavering commitment to duty. This recognition comes after they rejected a N1.5 million
Army Officers Honoured For Rejecting N1.5m Bribe From Cattle Rustlers Read More »
He made this statement yesterday at the Nigerian Economic Society’s (NES) 2024 public lecture, “Recent Developments in the Nigerian Foreign Exchange Market: Issues, Options and Way Forward,” which was held in the CBN Centre of Excellence Hall at the University of Ibadan. Elijah Laolu of IbadanNigerians have been urged to exercise patience by the Central
Many Nigerians Struggle to Afford Beer, Says NB CEO The economic strain in Nigeria has reached a point where many citizens can no longer afford to purchase beer, according to Hans Essaadi, the Chief Executive Officer of Nigerian Breweries Plc. Essaadi made this assertion during the company’s investor call on Monday following the release of
Many Nigerians Struggle to Afford Beer, Says NB CEO Read More »