CBN RELEASES LISTS OF BIG BANK DEBTORS
Banks are exposing the businesses and people behind the mountain of debts threatening to kill the sector – courtesy of a Central Bank of...
ECOBANK ANNOUNCES BOARD CHANGES
The Board of Ecobank Nigeria has elected Mr John Oche Aboh as its new Chairman. Mr Aboh, who was recently appointed to the Board...
ARUNMA OTEH’S GLOBAL RECOGNITION
If the appointment of Ms. Arunma Oteh as Vice President and Treasurer of the World Bank, last weekend, came as a big surprise to...
18 BANKS TO PUBLISH 1600 DEBTORS’ NAMES THIS WEEK
Over 18 Deposit Money Banks and discount houses operating in the country will publish the names of at least 1600 customers whose loans have...
HOW DPR IS FUELING PETROL SCARCITY
With Nigeria’s scarcity issues yet to abate, the Department of Petroleum (DPR) has embarked on what observers refer to as a crackdown on several...
NIGERIA BANKS REJECT DOLLAR DEPOSITS TO CURB SPECULATION
Nigeria’s commercial lenders have stopped accepting cash deposits in dollars, in a move to discourage speculation on the naira currency, two banks said on...
MICROSOFT UNIT LAY OFF 85% OF NIGERIAN WORKERS
Microsoft on Thursday sacked 34 (85 per cent) of the 40 employees in the Nigerian office of its phone division.
The sacking came 24 hours...
SHELL TO SACK 6,500 STAFF, CUT INVESTMENTS TO $30BN
Royal Dutch Shell is to sack 6,500 staff this year and cut investments for the second time in the year to $30 billion.
The company,...
REPORT: AIRTEL TO CUT AFRICAN WORKFORCE BY 20%
Bharti Airtel is reportedly set to reduce its headcount in Africa by between 15 per cent and 20 per cent this year, including the...
P’HARCOURT, WARRI REFINERIES BACK ON STREAM – NNPC
Begin Crude Production -
The Nigerian National Petroleum Corporation has announced the successful re-streaming of the Port Harcourt and Warri refineries after nine months of...
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Burkina Faso, Mali, Niger Form New Confederation After Exiting ECOWAS
Burkina Faso, Mali, and Niger have finalized plans to form a new confederation, the Confederation of the Alliance of Sahel States, marking...
I Once Struggled With Pornography —Oyedepo’s Son, Isaac
Son of Bishop David Oyedepo, founder of Living Faith Church, Isaac, has confessed to struggling with pornography at a point in his...
Three Police Inspectors Demoted For Extorting N29.4m From Motorists
The Inspector General of Police (IGP), Kayode Egbetokun on Friday announced that three inspectors of the Nigerian Police Force (NPF) have been...