Nigeria’s central bank still lacks the foreign exchange to clear the backlog of demand, and the country’s high interest payment to revenue…
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BUSINESSFEATURED
N3million Litres Of Crude Oil Reservoir Used By Oil Thieves Used For Illegal Bunkering Found In Rivers
The 6 Division, Nigerian Army said it has uncovered a three million litres of crude reservoirs used by oil thieves in Rivers…
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Again, the government of Nigeria under President Bola Ahmed Tinubu administration is seeking $1.5 billion in aid from the World Bank. This…
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BUSINESSFEATURED
CBN Tackles Forex Transactions Abuses In Clearing $2bn Liabilities Backlog To Continue Settlement Of Verified Forex Backlog
The Central Bank of Nigeria (CBN), has said that in its bid to clear the backlog of outstanding foreign exchange liabilities, paid…
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As the economic hardship continues to hunt Nigerians, the Naira, on Tuesday, January 16, 2024, continued to suffer depreciation against the dollar…
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BUSINESSFEATURED
NOVA Merchant Bank Announces Major Increase In Staff Salaries, Commences Graduate Trainee Programme
NOVA Merchant Bank Limited, has announced a substantial increase in staff salaries, effective November 1, 2023. The increase in salary by up…
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In a significant development, the Dangote Refinery, boasting a robust capacity of 650,000 barrels per day, has commenced production, according to a…
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The Central Bank of Nigeria (CBN), investigators have discovered a humongous sum of $265 million in the bank account of a six-year-old…
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BUSINESSFEATUREDNEWS
Female Globus Bank Staff Commits Suicide Inside Office, Leaves Suicide Note Behind
It was tragic on Monday in the ever-bustling city of Lagos State as a 32-year-old marketing staff of Globus Bank, Amarachi Ugochukwu,…
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The Central Bank of Nigeria (CBN) has reconstituted the management of Union Bank, Polaris, and Keystone Bank whose Boards and Management were…