NDIC Gives Reasons for Closure of 154 MFBs

Nigeria Deposit Insurance Corporation (NDIC), Wednesday, offered insights into why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks...

South Africa Exits Recession

Farms and factories dragged South Africa out of its first recession in almost a decade, data showed on Tuesday, as the economy grew by...

Canada Desperately Looking To Fill 430,000 Vacant Jobs

A business group warned on Tuesday that a labor shortage in Canada is deepening, with more than 430,000 jobs at small and medium-sized firms...

$8.1bn Refund: CBN, MTN Opt For Out-Of-Court Settlement

MTN Nigeria Communications Limited is currently in talks with the Central Bank of Nigeria (CBN) for an amicable resolution of the dispute which arose...

Anchor Borrowers’ Programme Created 2.5 Million Jobs – CBN

The Central Bank of Nigeria (CBN) said the Anchor Borrowers' Programme (ABP) has created 2.5 million jobs across the country.   The Governor of CBN, Godwin...

Qatar To Quit OPEC

Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on...

Diamond Bank Now A National Bank, Gets CBN’s Approval

Diamond Bank Plc has received the approval of the Central Bank of Nigeria, following its application, to operate as a national bank with immediate...

Naira Crashes Against Dollar At Black Market

The naira weakened by one per cent on the black market on Thursday to 370 against the United States dollar, its weakest since August...

Buhari Approves 213 New Broadcasting Licences

President Muhammadu Buhari has approved the issuance of operating licences to 213 new public and private broadcasting outfits in the country. The Director-General of National...

FG, States, LGS Shared N2.28tn In Q3 2018

Revenue disbursements by the Federation Account Allocation Committee (FAAC) to the three tiers of Nigeria’s government has witnessed a steady increase in three consecutive...
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Army Lifts Suspension On UNICEF Activities In North-East

Onyema Nwachukwu,deputy director public relations of the army, disclosed this in a statement issued late Friday. Nwachukwu said the decision followed “intervention by well-meaning Nigerians”. He...

Police Uncover Fake Drug Factory In Lagos [Photos]

Operatives of the Inspector General of Police Intelligence Response Team (IRT) have uncovered an illegal factory where they produce fake drugs at No. 2...

Nigerian Army Sacks UNICEF, Claims It Trains Boko Haram ‘Spies’

The Nigerian army has suspended the activities of UNICEF in the north-eastern part of the country, accusing the humanitarian agency of working for Boko...
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