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CBN Confirms Exit Of 1000 Staff In December, Denies Forced Resignation
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has said that the 1000 staff members who left the institution in December 2024 did so voluntarily and were not forced to resign. Cardoso […]
Business
FCT Residents To Face Two-week Power Outage – AEDC
THOUSANDS of Federal Capital Territory (FCT) residents will witness a two-week blackout from Monday, January 6, as the Abuja Electricity Distribution Company (AEDC) announced an imminent disruption in power supply. The disruption is due to […]
Business
MTN Nigeria To Increase Call, Data Tariffs By 100 Percent
The Chief Executive of MTN Nigeria, Karl Toriola, has said the telecommunications firm has sent a proposal to the Nigerian Communications Commission for a 100 percent service tariff increase. He disclosed this during an interview […]
Business
Telcos Submit Requests, Push For 100% Tariff Increase
Await NCC Approval Nigerian telecommunications companies have submitted a proposed 100 per cent increase in their tariffs to the Nigerian Communications Commission (NCC). During an interview with Arise TV on Thursday, the Chief Executive Officer […]
Business
New Refineries: NNPCL May Cut Crude Supply To Dangote Plant
The Federal Government may cut its crude oil supply to the Dangote Petroleum Refinery, reducing it from the current allocation of 300,000 barrels per day, except if there is a surge in Nigeria’s oil output, […]
Business
First Bank lays off 100 senior staff in major restructuring move – Report
First Bank of Nigeria (FBN) has laid off about 100 senior staff members in a major organisational shakeup. According to a report by Nairametrics on Monday, sources familiar with the matter said the bank’s top executives were […]
Business
Warri refinery has started production — but rehabilitation not complete – Kyari
Mele Kyari, the group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the Warri Refining & Petrochemicals Company (WRPC) in Delta state, is now operational. Kyari said the refinery is […]
Business
Fraud Scandal Rocks VFD Microfinance Bank As Customer Loses 52.9 Million
A customer of VFD Microfinance Bank Limited, Advance Development Services Engineering Limited, has lost N52.9 million to fraud, News360 Nigeria reports. A Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC)’s application […]
Business
Telecom Operators Warn Nigerians Of Service Disruptions, Cuts Due To Rising Operational Costs
Telecommunications operators in Nigeria have issued a warning about potential service disruptions unless tariffs are revised to reflect escalating operational costs. In a statement on Monday, Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications […]