The Naira on Monday stabilised at N497 to a dollar at the open market just as stakeholders expressed hope in its imminent recovery, the...

Nigerians Lost N18b To MMM – NDIC

No less than three million Nigerians lost about N18 billion to the Ponzi scheme, popularly referred to as Mavrodi Mundial Movement (MMM), the Nigerian...

COURT VOIDS 45% ELECTRICITY TARIFF HIKE

Federal High Court sitting in Ikoyi, Lagos yesterday declared that the 45 per cent tariff increase made by the Nigeria Electricity Regulatory Commission (NERC)...

NNPC TO PIPE CRUDE OIL FROM NIGER REPUBLIC TO KADUNA

The Nigeria Petroleum Corporation is exploring the possibilities of piping crude oil from Niger Republic for refining in Kaduna, NNPC Group Managing Director...

Police, CBN Begin Arrest Of Naira Abusers

The Nigeria Police Force and the Central Bank of Nigeria (CBN)have disclosed that they would embark on nationwide arrest of whoever defaces the Naira. The...

Exxonmobil Nigeria Gets New Managing Director

Mobil Producing Nigeria Unlimited, a subsidiary of United States-based ExxonMobil, on Friday announced the appointment of Mr. Paul McGrath as the new Chairman and...

MTN Nigeria Sacks 280 Staff

MTN Nigeria has sacked about 280 of its employees, in a major job cut that affected about 15% of the company’s entire Nigerian workforce,...

Less Than 1% Of Naira Notes Are Fake – CBN

The Central Bank of Nigeria, CBN, has said that the amount of counterfeit notes in Nigeria from January to December 2016 was less than...

Central Bank Pegs Dollar Rate For School Fees, PTA At N375/$

  In line with its determination to boost dollar supply in the economy as well as to bridge the wide gap between the interbank foreign...

Union Bank Unveils Over 100 State-Of-The-Art Branches

Union Bank, Nigeria’s longest-standing and innovative bank, has launched over 100 state-of-the-art branches across in celebration of its 100-year anniversary while also reaffirming its...
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EFCC Re-arraigns Ex-Justice Ofili-Ajumogobi

A former Judge of the Federal High Court, Rita Ofili-Ajumogobia, was on Thursday re-arraigned before a Federal High Court in Ikoyi, Lagos, over alleged...

Wike Suspends 12 LG Chairmen For Their Absence At State Function

Rivers State Governor, Nyesom Wike, has suspended 12 local government chairmen for their alleged refusal to attend official state functions. A statement signed by the...

Two Killed, Vehicles Destroyed In Tanker Fire In Ibadan

A tanker laden with petrol on Thursday fell and caught fire claiming two lives and burning four vehicles at Iwo Road area of Ibadan...