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Business
NNPC raises major marketers from seven to 27
The Nigerian National Petroleum Company Limited has raised the number of major oil marketers in Nigeria from seven to 20, as part of measures to tackle the lingering fuel scarcity in the…
Activists express worry over cash withdrawal limit
Discontent over the Central Bank of Nigeria’s cash withdrawal policy is growing, with the Human Rights Writers Association calling on the National Assembly to use its legislative powers to…
Dangote Group Emerges ‘Overall Most Responsible Business’ at SERAS 2022 Sustainability Awards
… Cement, Sugar, Salt Units also bag…
Vetiva Capital boss Laolu Mudashiru killed in Lagos hit-and-run
Olaolu Mudashiru, a co-founder and deputy managing director of one…
Abdul Samad Rabiu’s net worth soars to $7.3 billion
The net worth of Abdul Samad Rabiu, Chairman of BUA Cement Plc, has jumped to $7.3 billion thanks to the positive performance of his publicly traded assets on the Nigerian Exchange(…
Banks to rehabilitate National Arts Theatre with $200m
The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Saturday, said the Bankers’ Committee has raised the amount it planned to spend to rehabilitate the National Arts Theatre from $100m to…
Cost Of Living Crisis: Families Skip Meals As Food Prices Soar
The rising cost of food, due to inflation, has continued to take its toll on Nigerians, forcing families to adjust to the starko realities, findings by Daily Trust Saturday revealed.…
Senate Softpedals On Cash Withdrawal Limit, Screens CBN Dep. Govs
The Senate on Friday screened the two re-appointed deputy governors of the Central Bank of Nigeria and backed down on the planned grilling of the officials on the cash withdrawal limit…
Opponents Budget $5m To Attack CBN Cash Withdrawal Policy – Ethnic Leaders
The Nigerian Ethnic Youth Leaders Council (NEYLC) has alleged that opponents of cash withdrawal limit introduced by the Central Bank of Nigeria (CBN) have put aside $5 million to launch…
CASH LIMIT WITHDRAWAL: Pain to kidnappers, force against inflation, informal sector
* Mobile Money, Bank agents, Terminal operators, NACCIMA, CPPE react * Ohaneze youths back Emefiele, ask Reps to rescind suspension order Mixed reactions have continued to trail …
We Have Forex Shortage, Says Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has tasked leaders of the Nigerian banking sector to brainstorm expansively on ways to resolve the shortage of foreign exchange in…
Wage dispute: New York Times journalists embark on strike — first in 40 years
Hundreds of journalists and other employees at The New York Times have begun a strike over the demand for better salaries and improved health insurance funding. In a statement on Wednesday, The…
Reps order CBN to suspend new cash withdrawal limit
The House of Representatives has asked the Central Bank of Nigeria, CBN, to halt the implementation of the new cash withdrawal policy slated for…
Appeal Court reverses Polaris Bank’s sale of Intercontinental Hotel
The Court of Appeal Lagos Division has overturned Polaris Bank and Asset Management Corporation of Nigeria’s (AMCON) sale of the Intercontinental Hotel in Lagos and ordered that the facility be…
Has Nigeria’s black market exchange rate discovered an anchor price?
After a tumultuous and…
Senate Raises Concerns Over CBN’s Cash Withdrawal Limits
Senators have expressed reservations over the new policy of the Central Bank of Nigeria (CBN) on cash withdrawals. The apex bank, under the new withdrawal policy, restricted the maximum…
MRS provided $300m to NNPC for Chevron assets – Report
One of Nigeria’s wealthiest families funded the Nigerian National Petroleum Company’s purchase of oil blocks from Chevron Corp., offering an insight into how the firm could back its ambitious…