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,...

DIASPORA BANKS’ CUSTOMERS TO PAY £30 FOR BVN REGISTRATION

Following the extension of the deadline for the registration for Bank Verification Number (BVN), customers of Nigerian banks living outside the country that are...

NIGERIA’S OIL WORKERS RISK JOB LOSS OVER IRAN’S RETURN TO CRUDE MARKET

Anxiety and fear have en­veloped stakeholders in the­nation’s oil and gas industry over the recent re-entry of Iran into the global crude market. Already, there is...

UNITY BANK REPOSITIONS AS MD RESIGNS

The board of directors of Unity Bank is making fresh moves to reposition the bank as a major institution  that will contribute to the...
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African Football Legends Honour Ambode In Lagos

...As Testimonial Match For Gov Ends In Thrilling 4-4   …Eto’o To Ambode: I Hold You in High Esteem       The Agege Stadium in Lagos was buzzing with...

Atiku, PDP Plotting To Truncate Democracy, Says Lai Mohammed

Lai Mohammed, the minister of information and culture has said the Federal Government is in possession of strong evidence that the People's Democratic Party...

FG To Demolish Murtala Muhammed Airport

Minister of State for Aviation, Hadi Sirika, yesterday hinted that the Murtala Muhammed International Airport (MMIA) would be brought down to construct another one....