Cardoso Fired 25 Of 29 Directors He Met At CBN – Sources
Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, sacked 25 of the 29 directors he inherited, Daily Trust has learnt. The other four […]
Business
Strike: NLC forces closure of Bank, Chase Out Workers In Lagos
There was mild drama on Monday, June 3, when members of the Nigeria Labour Congress (NLC) stormed a branch of Polaris Bank in Lagos. The […]
Strike: Blackout As Workers Shut Down Power Grid
The Transmission Company of Nigeria has announced the complete shutdown of Nigeria’s power grid by labour unions as the strike by the Nigeria Labour Congress […]
Apprehension As FG Borrows N20.1trn Under Tinubu
*Borrowing rises 117% YoY *Analysts list impact on inflation, businesses, interest rate The Federal Government borrowed N20.1 trillion from domestic investors in the first year of […]
CBN Revokes Heritage Bank’s Licence
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to […]
First Bank Employee On The Run After Diverting ₦40 Billion
First Bank, a Nigerian bank with a market capitalisation of ₦829 billion has begun legal action to recover “huge sums of money” allegedly diverted by […]
Ebonyi spends N17.3 billion on airport runway
The Ebonyi State Government on Wednesday said it spent N17.3 billion on remedial work at the Chuba Okadigbo International Airport runway in Abakaliki. The state […]
Davido’s new crypto token that lost 93% after launch
Nigeria’s Afrobeat superstar, David Adeleke (Davido), on Wednesday, announced the launch of a crypto token or memecoin inspired by himself. The token known as “Timeless Davido” ($DAVIDO) […]
Erisco food case: Court grants Okoli N5m bail
Justice Peter Lifu, of an Abuja Federal High Court, on Friday, granted Chioma Okoli, bail in the sum of N5m and two sureties in like […]
Huggies makers, Kimberley-Clark exits Nigeria after 14 years
Kimberley Clark, an American multinational personal care corporation has exited Nigeria after almost 15 years of operations. This was revealed in a statement today by […]