CBN Freezes 11 Bank Accounts over Suspicious Activities
Eleven bank accounts of some companies and an individual were on Wednesday frozen by the Central Bank of Nigeria (CBN). The announcement came after the CBN got an interim…
Global Trade will Grow by 8% in 2021 – says Okonjo-Iweala
Ngozi Okonjo-Iweala, director-general of the World Trade Organisation (WTO), says global trade will increase by eight percent in 2021. She disclosed this during a debate on the global economy organised…
Dangote Petitions Trade Ministry Wants BUA Sugar Refinery Shut Down ▪ It’s Because We Refused Price Increase During Ramadan – BUA Replies
A major war has been raging in the Nigeria sugar industry for some time now and the bubbles seemed to have burst with Dangote’s decision to petition the Federal…
Tears As 82 Kaduna Local Govt Workers Receive Letters Of Disengagement
Tears flowed freely at the Jema’a Local Government Area Secretariat in Kafanchan, Kaduna State, on Wednesday as about 82 staff of the council received letters of disengagement from the…
Nigeria has only three Dollar-Billionaires as Alakija Drops off Forbes List
Nigeria, Africa’s largest economy, has only three dollar-billionaires, according to Forbes 2021 world billionaires list released on Tuesday. They are Aliko Dangote, chairman of Dangote group; Mike Adenuga, chairman of…
IMF Excludes Nigeria from Debt Relief • 28 Countries granted Pardon
Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF). The Board has approved a third tranche…
We’ve Concluded Sale Of Our Nigerian Outlets, Awaiting Govt Approval – Shoprite
South African Company, Shoprite Holdings Limited, has said it has concluded the sale of its Nigerian outlets to new investors. The company made this known in its latest financial…
N100bn Oil Palm Investment will Strengthen Smallholder Farmers’ Scheme in Edo – Obaseki
The Edo State Governor, Mr. Godwin Obaseki, has assured that the N100bn investment in the state’s oil palm sector by seven oil palm investors under the Edo State Oil Palm…
We Can’t Pay March Salary in Full – Kano Tells Civil Servants
The Kano State Government has said it is impossible for it to pay workers their full consolidated wages for March. The government, through its commissioner of Information, Malam Muhammad…
Anyscope Introduces Smart Deposit Scheme (SDS)
Banking and financial system in Nigeria have recorded a paradigm shift with the introduction of Smart Deposit Scheme (SDS) by Anyscope limited, an electronic money deposit and transfer provider.…