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...

OIL FALLS BELOW $54, THREATENS NIGERIA’S SAVINGS

The global benchmark Brent crude hit a four-month low of $53.33 per barrel on Monday, thereby threatening the expected accretion to Nigeria’s Excess Crude...

N300BN SPECIAL INTERVENTION FUND: STATES TO BEGIN DRAWDOWN SOON –PRESIDENCY

The Presidency has said states are to start drawing from the special intervention fund of between N250 billion and N300 billion in a matter of weeks. This,...
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Ekiti Deputy Speaker, Chief Whip Impeached, Replaced

The Ekiti State House of Assembly has impeached and removed its Deputy Speaker, Segun Adewumi, for alleged “gross misconduct.” It also removed the Chief Whip,...

Burkina Faso Severe Diplomatic Ties With Taiwan

Burkina Faso has cut diplomatic ties with Taiwan, the foreign ministry said on Thursday. China has been applying pressure on the few remaining African countries...

Court Grants Jang Bail

Justice Daniel Longji of Plateau High Court, Jos, on Thursday, granted bail to the immediate past governor of Plateau and Senator representing Plateau North,...
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