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Business & Economy

The board of FBN Holdings Plc has announced the retirement of Kayode Akinkugbe as Managing Director and Taiwo Okeowo as Deputy Managing Director of...

CBN sacks boards of Titan Trust, Union, Polaris, Keystone banks

The Central Bank of Nigeria (CBN) on Wednesday dissolved the boards of four banks – Titan Trust Bank, Union Bank, Polaris Bank, and Keystone...

Breaking: EFCC raids Dangote Group’s headquarters in Lagos

Reports indicated that operatives of the Economic and Financial Crimes Commission, EFCC)  on Thursday raided the headquarters of the Dangote Group. The raid, according...

Nova Merchant Bank appoints Oyedeji as new MD/CEO

In preparation for its transformation to a full commercial bank, the board of Nova Merchant Bank has appointed Mr. Adebowale Oyedeji as its new...

Emefiele “incompetent and I’ll-prepared” for the role of CBN governor, Moghalu

Embattled former governor of the central bank of Nigeria, Godwin Emefiele is grossly incompetent, I’ll-prepared for the role of the CBN governor and “doubtlessly...

CBN extends validity of old naira indefinitely

The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. The bank disclosed...

Nigeria launches new oil grade…exports 950,000 barrels to France and Netherlands

The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. According...

Inaugural Lagos-Ibadan container train takes off from Apapa port

The first container freight train of the Lagos-Ibadan railway has taken off from the Apapa port in Nigeria’s commercial capital city. The container freight train carried...

Lagos Govt secures funding for Fourth Mainland Bridge, others

The Lagos State Government has secured a partnership for the construction of the Fourth Mainland Bridge and other infrastructural projects in the state.Governor Babajide...

Fear grips Nigerians as Tinubu calls for a “rebase” of electricity tariff, says DisCos need N2tn investment

President Bola Tinubu, on Monday tasked electricity regulators to start thinking about “rebasing” the current electricity tariff because what consumers are paying is not...

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