The Asset Management Corporation of Nigeria is preparing to release another list of debtors, an investigation has revealed. The corporation’s Head of Corporate Communications Department, Jude Nwauzo, confirmed this to our correspondent in a telephone […]
Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019. Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the […]
Buoyed by the rising oil prices in the international market and increase in oil production, the federal government has expressed confidence that the Nigerian economy will record significant growth in the last two quarters of […]
The Minister of Agriculture and Rural Development, Audu Ogbeh, has blamed the Nigerian elite for the underdevelopment of the nation’s agricultural sector. Mr Ogbeh spoke at a town hall meeting in Dutse, Jigawa State, that […]
About a decade ago, the prospect of Nigerians enjoying world class digital terrestrial television remained an elusive dream as the country trailed behind other developing and developed nations in this area. Memories and experiences of […]
The Sagamu-Lagos end of the Lagos-Ibadan Expressway project will be completed by 2021, the contractor, Julius Berger, has said. The Operations Manager, Julius Berger, Thamm Olaf, told the Senate Committee on Works, led by its […]
…citizens have a very poor perception of the government in relation to tax accountability. It is like pouring money into a bottomless pit. They often argue that they pay taxes and are still their own […]
Nigerian carrier, Air Peace, says it has capacity to operate its designated foreign routes but is being frustrated by international aero politics. The Chief Operating Officer of Air Peace, Mrs Oluwatoyin Olajide, said this on […]
Last week, the Economist Intelligence Unit (EIU), the research unit of The Economist Magazine and HSBC, a multinational banking and financial services company, warned in separate reports that the Nigerian economy will continue to be […]
Festus Keyamo, the spokesman of the Muhammdu Buhari Campaign Organisation, says HSBC was in Nigeria to take funds out for money launderers. Speaking with Osasu Igbinedion on The Osasu Show, Keyamo said the exit of […]
The International Monetary Fund on Thursday painted the precarious situation of the nation’s economy in particular and Sub-Saharan Africa’s, in general, going by how much the country and the region spend on debt servicing. According […]
Global banking giant HSBC and UBS, a Swiss private bank, have closed their representative offices in Nigeria. The Central Bank of Nigeria (CBN) announced this in a report on Friday. The report did not state […]
Union Bank of Nigeria (UBN) Plc on Tuesday declared a profit before tax of N14.9 billion for the nine months ended September 30, 2018. The unaudited result submitted by the bank to the Nigerian Stock […]
The Managing Director and Chief Executive Officer of Heritage Bank, Ifie Sekibo, has called on financial institutions and the three tiers of government to support the Small and Medium Enterprises (SMEs) and agricultural initiatives to […]
The chairman and three non-executive directors of Diamond Bank have resigned from their positions. This was confirmed by the bank in a letter dated October 24 and sent to the Nigerian Stock Exchange. In the […]
Due to high cost of mobile data, over two billion people are said to have been cut off from the Internet. The Alliance for Affordable Internet (A4AI), which revealed this, noted that more than 2.3 […]
Nigerians aged 35 and above are unlikely to have problems recalling what constituted our entertainment staple before 1993. It broadly consisted of movie releases at 10pm after the news bulletin on national or state-owned television, […]
The senate has asked the Central Bank of Nigeria (CBN) to direct commercial banks to increase the maximum amount customers can withdraw from automated teller machines (ATMs) to N40,000 per transaction. The maximum is currently […]
The consumer price index, which measures inflation, stood at 11.28% in September from 11.28% recorded in August on a year-on-year basis, data from the National Bureau of Statistics have shown. Going by the inflation report […]
Bolaji Odumade Rice, a staple food in most Nigerian homes has always enjoyed increasing demand across the country. As a staple that is easy to cook, there is hardly nowhere around the country that this […]
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