Ex-Minister, Diezani seeks to amend suit against EFCC over Asset forfeiture
November 21, 2024
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…]
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…]
CBN Slashes Customs Exchange Rate by 1.5% For the second time in seven days, the Central Bank of Nigeria (CBN) has slashed the exchange rate for computing Customs duties at the nation’s seaports and airports from N1,617.96/$1 to N1,593.41/$1 representing 1.5% reduction. The slash, analysts argued, was as a[Read More…]
Experts express optimism as Nigeria’s Foreign Reserves Hit $34.416 President Bola Ahmed Tinubu’s foreign exchange reforms appear to be yielding the desired result. This is because Nigeria’s foreign exchange reserves hit $34.416 billion, the highest in nine months. The previous recent highest was $34.449 billion on June 20, 2023,[Read More…]
FG releases N12.7bn for prepaid meters in army barracks nationwide Minister of power, Adebayo Adelabu, has said that the federal government has released N12.7 billion to provide meters in army barracks across the country. Adelabu said the amount is from the N40 billion earmarked for the mass metering project,[Read More…]
At Polaris Bank IWD Webinar, Guest Speakers Advocate Empowering Opportunities for Women …as CEO, Kayode Lawal highlights the indispensable contributions of women to societal progress, economic development Polaris Bank’s International Women’s Day (IWD) webinar themed: ‘Empowering Voices: Women Leading Change,’ offered a dynamic platform for insightful conversations. [Read More…]