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CBN gives reasons for revoking Skye Bank’s License

More facts have emerged as to why the Central Bank of Nigeria (CBN) revoked the operating license of the now-defunct Skye Bank Plc. In a press…

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See what Nigerians are saying about the new Polaris Bank

The recent revocation of the license of Skye Bank by the Central Bank of Nigeria (CBN) has continued to generate divergent reactions from Nigerians. The Apex…

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CBN takes over Skye Bank, announces a new name

The Central Bank of Nigeria (CBN) has revoked the operating license of Skye Bank Plc with immediate effect. Governor of Central Bank, Godwin Emefiele, disclosed this…

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FG seeks to crash price of locally produced rice

In order to tackle the steady increment in the price of local rice in Nigeria, the Minister of Agriculture and Rural Development, Chief Audu Ogbeh…

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Police recover $470.5 million belonging to NNPC’s Brass LNG

The Nigerian Police Force announced it has traced $470.5 million belonging to NNPC Brass LNG squirrelled away in some accounts in some commercial banks in…

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NNPC records 46% surge in trading surplus

The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16 billion in the month of April 2018….

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Italian Court jails Nigerian, one other over Malabu oil deal

An Italian Judge has sentenced two middlemen found guilty of corruption offences relating to Shell and Eni’s 2011 deal for one of Nigeria’s most promising…

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Lagos remains the state with the highest debt profile

The National Bureau of Statistics (NBS) has released the Nigerian Domestic and Foreign Debt report for the second quarter of 2018. The report which analyses…

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NEXIM Bank to raise N37 billion to boost agriculture

In order to boost exportation of agricultural products, the Nigeria Export-Import Bank (NEXIM) has disclosed its intention to raise N37 billion for Nigeria’s 36 states and…

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Mobile data in Nigeria among Africa’s cheapest

A Report by Ecobank has cited the high cost of data across the continent as a stumbling block to digital innovation in Sub-Saharan Africa (SSA)….

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Supposed reasons Nigeria Air became still born

Investor apathy may have been the reason for the suspension of the take off in Nigeria Airr. Minister of State for Transport Hadi Sirika yesterday…

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Nestoil’s CEO demands FG to increase gas pipeline in Nigeria

Dr Ernest Azudialu-Obiejesi, the Chairman and CEO of Nestoil Limited has demanded that Nigeria’s Federal Government should construct more pipelines that can ensure easy transportation…

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Wema Bank commences SME loans in partnership with DBN

Wema Bank Plc has geared up its commitment to making accessible credit facilities to Micro, Small and Medium Enterprise (MSMEs), as it announced that MSMEs and businesses…

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Stakeholders are displeased with MTN over constant infractions

Some stakeholders in the Nigerian Stock Exchange have expressed displeasure over MTN’s constant infractions and troubles with the Nigerian authorities while also urging the leading…

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NCC clears the air on Teolology’s final takeover of 9mobile

Contrary to viral news reports that Teleology Holdings Limited’s takeover of embattled 9mobile is delayed as a result of $100 million debt, the Nigerian Communications Commission…

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Coca Cola set for complete acquisition of Chi, eyes Horlicks drink

Soft drink giant, Coca Cola, says it is moving ahead with plans to take over Nigeria’s leading juice company, Chi Limited and aims to complete…

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Keystone Bank has been sued over non-compliance with TSA rules

Keystone Bank has been sued for alleged violation of the Treasury Single Account (TSA) policy. An Abuja-based lawyer, Johnmary Jideobi, who instituted the suit accused the…

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Humble Pie: What Nigerian Government said about Nigeria Air Months ago

The Minister of State for Aviation, Hadi Sirika, has announced that the Federal Government has suspended the launch of  the proposed National carrier, Nigeria Air….

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CBN responds to panic by investors over allegations levelled against MTN

The Central Bank of Nigeria (CBN) in response to foreign investors exiting the country, following allegations leveled against MTN, has denied rumors it would retroactively…

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NNPC is under fire for attempting to sideline AKK project consortium

The Nigerian National Petroleum Corporation (NNPC) risk being dragged to court by Macready Oil Services Company Limited and Miles Energy Services Limited for meddling in the…

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