CBN lifts FX Restrictions on Dairy Products The Central Bank of Nigeria (CBN) has lifted the restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN had added milk and dairy products to the list of items not eligible for forex. However, in a[Read More…]
Tony Elumelu Foundation set to announce Flagship Entrepreneurship Programme The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs, is set to announce its 1,200 African entrepreneurs across 54 African countries as beneficiaries of its flagship Entrepreneurship Programme. In a statement on Thursday, Elumelu said the announcement will[Read More…]
Subsea Cable Cut: Services fully restored, says MTN Following subsea cable disruptions on Thursday, Bayobab Group, a subsidiary of MTN Group, has announced the successful restoration of its operations. The telecom operator disclosing this on Tuesday in a statement said its subsidiary demonstrated its capabilities by swiftly recovering over 3[Read More…]
CBN to hold MPC meeting March 25 and 26 The Central Bank of Nigeria (CBN) has announced that it will hold its 294th monetary policy committee (MPC) meeting next week. In a statement on Wednesday, the apex bank said the meeting scheduled to be held on Monday, March 25,[Read More…]
No more mining licences without plans for local refining, Dele Alake tells firms Dele Alake, minister of solid minerals development, has said that there will be no more mining licences for investors without plans for local value addition. Alake spoke when members of the house representatives committee on solid minerals[Read More…]
NLC demands Abure’s removal, Barricades LP Secretariat Members of the Nigeria Labour Congress (NLC) on Wednesday barricaded the secretariat of the Labour Party in protest of an alleged attempt by the party’s national chairman, Julius Abure, to extend his stay in office. The protesters also demanded the sack[Read More…]
Adaora Umeoji appoints first female CEO of Zenith Bank Zenith Bank has appointed Adaora Umeoji as its new group managing director and chief executive officer (GMD/CEO). The bank stated this on Tuesday, in a corporate filing on the Nigerian Exchange Group (NGX), signed by Michael Osilima, its secretary. [Read More…]
Unilever to cut 7,500 jobs worldwide Unilever Plc, a British multinational consumer goods company, has announced plans to cut 7,500 jobs globally as part of an overhaul aimed at saving around $869 million (£684 million) over the next three years. In a statement on Tuesday, Unilever said the jobs affected[Read More…]
Marketers predict reduction in PMS price as Port Harcourt refinery set to commence operation The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced from the Port[Read More…]
Workers threaten to shutdown port, issue 7 days ultimatum Workers of the Nigerian Ports Authority (NPA) have issued seven days ultimatum to the federal government to immediately reverse the policy on implementation of presidential directive on 50 percent automatic deduction from the internally generated revenue of federal government owned enterprises.[Read More…]
