Estimated Reading Time: 2The Central Bank of Nigeria (CBN) has unveiled plans to launch a digital currency before December. The Director, Information Technology, CBN, Ms. Rakiya Mohammed, made the announcement on Thursday during a virtual media briefing at the end of a Bankers Committee meeting. According to het, just like[Read More…]
Business
Association of Onion Marketers threaten to stop supply to Southern Nigeria
Estimated Reading Time: 1The Onion Producers and Marketers Association of Nigeria has threatened to stop the supply of onions down to the South from June 7, 2021. The group said it would carry out the threat if the government fails to compensate its members who have suffered losses in recent[Read More…]
Shoprite sells its Nigerian business to Ketron Investment
Estimated Reading Time: 1Shoprite has sold its N30bn worth Nigerian business to Ketron Investment. The new Nigerian owner of Shoprite is led principally by Persians Group. The deal comes eight months after Shoprite announced in August last year that it has classified its Nigerian business as a discontinued operation after[Read More…]
Lagos, Ogun States establish joint commission
Estimated Reading Time: 1The governments of Lagos and Ogun have established a joint development commission to tackle insecurity and border challenges affecting both states. The Governor of Lagos State, Babajide Sanwo-Olu and Dapo Abiodun, his Ogun state counterpart, launched the commission at the Presidential Lodge, Abeokuta, on Monday. In his[Read More…]
NDLEA expresses worry over marijuana-laced cakes as lawmaker makes a case for legalization
Estimated Reading Time: 2The National Drug Law Enforcement Agency (NDLEA) has intercepted cakes made with cannabis on the Lagos-Ibadan expressway. Oyo NDLEA Commander Josephine Obi disclosed this on Tuesday in Ibadan. “We also arrested a delivery man who was in possession of a birthday cake infused with 1.2kg of Cannabis[Read More…]
How Christ Embassy’s biggest donor defrauded investors of over N171Billion
Estimated Reading Time: 3In November 2020, at The Loveworld Pastors and Partner’s conference of Christ Embassy Church, CEO of Capital Forex and Investment trading limited, Maxwell Odum was awarded ‘Top Partner of the year’ for the second year running. The award is much coveted by Senior pastors and members of[Read More…]
CBN sacks First Bank directors, reinstates Adeduntan as MD/CEO
Estimated Reading Time: 3 The Central Bank of Nigeria (CBN) has sacked some key board members of First Bank Nigeria (FBN) and First Bank of Nigeria Holding Plc. Among those affected are chairmen of the two entities, Mr. Oba Otudeko of FBN Holdings and Mrs Ibukun Awosika of FBN. Remi[Read More…]
Federal Government grants Dangote Cement 22.32Billion Tax Credit
Estimated Reading Time: 2The Nigerian Inland Revenue Service (FIRS) has issued Dangote Cement Plc, tax credit certificates valued at N22.321 billion. The tax credit certificates were for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road connecting Kogi and Kwara States. The two federal roads are being constructed[Read More…]
Cally Air: 2nd Boeing 737 aircraft for Cross River State airline arrives
Estimated Reading Time: 1Cross River State governor, Sir Ben Ayade, has taken delivery of yet another Boeing 737 aircraft at the Murtala Mohammed International Airport, Lagos for the state’s commercial airline, Cally Air. The arrival of the second aircraft is coming barely three weeks after the first one was received[Read More…]
‘Declare state of emergency on Insecurity’ Ortom tells Buhari
Estimated Reading Time: 2Governor Samuel Ortom of Benue State has called on President Muhammadu Buhari to declare a state of emergency over Nigeria’s deteriorating security situation. The call came after some suspected herdsmen killed at least 7 persons during an attack on an internally displaced persons (IDP) camp in Abagena[Read More…]
