NCC GIVES OPERATORS 7 DAYS TO DEACTIVATE PRE-REGISTERED SIM CARDS

The Nigerian Communications Commission (NCC) has issued a seven-day ultimatum to Global System for Mobile Communication (GSM) and other network providers to deactivate all...

SENATE SUMMONS CBN GOV OVER NAIRA DEVALUATION

The Senate on Wednesday passed a resolution summoning Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, to appear before the lawmakers and brief...

AGAIN, NAIRA WEAKENS TO N229/$ AS DEALERS HOLD ON TO USD

The naira reversed its gains against the US dollar on the parrallel market yesterday following the decision of many currency traders to hold on...

BUHARI APPOINTS IBE KACHIKWU AS NNPC GMD

President Muhammadu Buhari has appointed Dr. Emmanuel Ibe Kachikwu as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC). Dr. Kachikwu, who was...

NAIRA TO RISE FURTHER AS BANKS REJECT DOLLARS

“Banks no longer accept dollar cash due to large speculation on the currency,” the Chief Executive Officer, First City Monument Bank, Mr. Ladi Balogun,...

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...
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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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