Business
CBN-imposed cash crunch compounds, frustrates petrol purchases across Nigeria, hurts economy
For several weeks unendingly, scarcity of the new naira notes and or inadequate injection into circulation by Nigeria’s Central bank has continued to...
ICPC busts FCMB officials flouting CBN directives on new notes in Osun
The Independent Corrupt Practices and other Related Offences Commission (ICPC), Osun State Compliance Team, has busted some FCMB officials for allegedly sabotaging the...
Dangote, Sinoma sign agreement for new cement plant in Itori, the third in Ogun
In 27 months another cement plant will be established in Itori, Ogun State courtesy Dangote Industries Ltd as it has signed an agreement...
Pres. Buhari directs termination of Addax contract with NNPC, assets taken over
Backed by the Presidency, the Nigerian National Petroleum Company Ltd says it has terminated the Production Sharing Contract (PSC) with Addax Petroleum Ltd...
NNPC Ltd, Addax Ltd terminate 24-year production sharing contract relationship, assets transferred to NNPC
Three months after the execution of the Addax Transfer, Settlement, and Exit Agreement (ATSEA) for the PSC Oil blocks, OMLs 123/124 & 126/137,...
Emefiele honours House of Rep invite, appears before Committee on new Naira notes
After several invitations, the Central Bank Governor, Mr Godwin Emefiele on Tuesday appeared before the Ad-hoc Committee of the House of Representatives investigating...
Old Naira notes: Buhari, CBN back down on Jan. 31 deadline, extend it till Feb.10
The nation’s Apex Bank, the Central Bank, has extended the deadline for the mopping up of old Naira notes from circulation earlier scheduled...
CBN increases MPR from 16.5 to 17.5 percent
The Central Bank of Nigeria (CBN)’s Monetary Policy Committee (MPC) has increased the Monetary Policy Rate (MPR) from 16.5 percent to 17.5 percent....
Old notes: Senate urges CBN to extend January 31st deadline by six months, Ebonyi Senator Egwu disagrees
One week to the deadline, the Senate has urged the Central Bank to extend the January 31st deadline for the deposit of old...
Premier Hotel, Ibadan, shut down for two years, to transform to world-class 5-star facility
In a bid to remodel and revamp it to a five-star hotel, Premier Hotel on the top of Mokola hills in the ancient...
NFIU to governors: No going back on cash withdrawal limit
The Nigerian Financial Intelligence Unit (NFIU) says it is committed to the enforcement of cash withdrawals from all government accounts. It said it...
FG’s tax credit policy: NNPCL gets FEC’s nod to invest N1.9trn to reconstruct 44 roads
The Federal Executive Council chaired by Vice-President Yemi Osinbajo (SAN) on Wednesday approved the reconstruction of 44 federal roads across the country by...
Freeze Polaris Bank’s accounts now, Court orders CBN
The Central Bank of Nigeria (CBN) has been ordered to freeze the account of Polaris Bank over a judgment debt of more than...
Tony Elumelu Foundation appoints Somachi Chris-Asoluka as CEO
The Board of Trustees of the Tony Elumelu Foundation, the leading philanthropy empowering young African entrepreneurs from all 54 African countries, has announced...
Elon Musk poll ends as Twitter users want him out as CEO
Twitter users across the globe voted in favour of Elon Musk stepping down as the company’s chief executive, in a poll he masterminded on...
Bernard Arnault passes Elon Musk to become world’s richest person
Elon Musk has lost his crown as the world’s richest man amid a broad collapse in Tesla’s value and as he wades deeper...
