Sagay warns aviation ministry against use of Boeing 737 planes, says it’s risky Itse Sagay, a senior advocate of Nigeria (SAN), says the federal government should not use Boeing Max planes for Nigeria’s official carrier — Nigeria Air — because of its history of deadly crashes. Sagay, former chairman of[Read More…]
ONSA confirms escape of Binance executive, notifies INTERPOL Zakari Mijinyawa, the head of strategic communication at the Office of the National Security Adviser (ONSA), has provided an update regarding the escape of Mr. Anjarwalla from Nigeria using a smuggled passport. According to Mijinyawa’s statement, preliminary investigations have revealed that[Read More…]
FG files tax evasion charges against Binance The federal government has filed a criminal charge against Binance, a popular cryptocurrency platform, for “tax evasion”. In a statement on Monday says the charge was filed before the federal high court in Abuja on March 25 by the Federal Inland Revenue Service[Read More…]
Edun seeks int’l financial system reforms to support SDGs Wale Edun, minister of finance and coordinating minister of the economy, says the international financial architecture ought to be structured to proactively support the implementation of the sustainable development goals (SDGs). Edun spoke on Tuesday at the launch of the UNDP[Read More…]
ECOWAS condemns killing of army personnel in Delta The Economic Community of West African States (ECOWAS) has condemned the killing of 16 army personnel in Delta state. In a statement issued on Wednesday, the commission said it is a cowardly act. It also expressed condolences and sympathies to[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…]
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…]
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…]
