CBN appoints new executives for Union, Keystone and Polarish Bank
Kayode Ogunwale Following the removal of management of Keystone Bank, Union Bank and Polaris Bank, the Central Bank of Nigeria (CBN) has announced the appointment of new executives for…
Bears halt bullish run; NGXASI down by 140bps
Bulls and bears wrangle as The Nigerian Equities market closed the mid-week trading session on a negative note, marking the first bearish close for the year. The benchmark NGX All-Share…
Rite Foods Partners with Eniola Badmus, Supports Less Privileged through “Feed the Needy” Initiative in Lagos
Ringing in 2024 with a commitment to community, Rite Foods joined forces with renowned actress Eniola Badmus for the “Feed the Needy” initiative in Lagos. This impactful program brought essential…
CBN Sacks Dissolves of Union, Keystone And Polaris Banks
Kayode Ogunwale The Central Bank of Nigeria (CBN) has dissolved the boards and management of Union Bank, Polaris Bank and Keystone Bank. The apex bank in a statement signed by…
TCN Disconnects Ajaokuta Steel From National Grid Over N33bn Electricity Debt
The Transmission Company of Nigeria (TCN) has suspended services at the moribund Ajaokuta Steel Company Limited (ASCL). The suspension was following the failure of Ajaokuta Steel to settle N33bn owed…
Customs generates 87% of its 2023 target revenue
The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has disclosed that the NCS failed to reach its revenue target of trillion, earning about 87 per cent of its…
INEC Commends EFCC on Role in Curbing Electoral Fraud
The Resident Electoral Commissioner, REC, of the Independent National Electoral Commission, INEC, in charge of Kaduna State, Mallam Aminu Kasimu Idris, on Wednesday, January 10, 2024, commended the Economic and…
Tinubu Cuts Entourage By 60%, To Travel Abroad With Maximum 20 Staffers
Nigerian President, Bola Tinubu in a bid to cut cost of governance, has implemented a significant 60% reduction in the travel expenditure of government officials within his administration. Presidential Spokesman…
Bulls extend dominance as Naira depreciated by 27.19% to
Kayode Ogunwale The bulls dominated the equities market today, with the All-Share index rising per cent to 83, points. Today's performance was driven by gains in MTN Nigeria (+ per…
Tinubu Dismisses FCCPC, BPE Chief Executive Officers
President Bola Tinubu has sacked the Executive Vice Chairman and Chief Executive Officer of Federal Competition and Consumer Protection Commission (FCCPC), Mr. Babatunde Irukera and Director-General/CEO, Bureau of Public Enterprises…