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Polaris Bank announces new board, appoints Adekunle Sonola as CEO
Polaris Bank says it has constituted a new board and management team. The bank made the announcement in a statement on Friday. This comes a day after the Central Bank of Nigeria (CBN)…
We’ve lost our most-valued crude oil customers – FG
Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday. It also…
BREAKING: CBN announces completion of sale of Polaris Bank, names new core investor
The Central Bank of Nigeria has…
Elon Musk says he is ‘obviously overpaying’ in his $44 billion deal to buy Twitter
Tech billionaire Elon Musk, the…
In contravention of CBN Act, FG to repay N20trn ‘Ways and Means’ loan with treasury bills
The federal government says it will repay the N20 trillion debt owed to the Central Bank of Nigeria (CBN) with securities such as treasury bills and bonds issuance. Zainab Ahmed, minister…
African Development Bank and FCMB Sign $50 million Line of Credit Agreement to bolster access to…
The African Development Bank has signed a…
FACT CHECK: Is It True Exchange Rate Isn’t Yardstick For Measuring Basic Cost Of Living?
A trending WhatsApp post claims that depreciation of the naira against the dollar is not as bad as people think, arguing that the currency exchange rate is not a yardstick for the basic cost…
Kogi drags Dangote to court over Obajana ownership
The government of Kogi State has initiated legal action against Dangote Industries Limited, the parent company of Dangote Cement Plc over the ownership of its cement plant in Obajana, a town located…
More Taxes, Revenue Leakage Blocking Will Reduce Nigeria’s Debt Burden – Finance Minister
Minister of Finance, Budget and National Planning, Zainab Ahmed, says the best measures to reduce the nation’s high debt burden are collection of more taxes, and effective blocking of revenue…
President Buhari signs Nigeria Startup Bill into law
President Muhammadu Buhari earlier today signed the Nigeria Startup Bill (NSB) into law. The Minister of…
Hike in airfares inevitable, experts say
Despite the Central Bank of Nigeria’s move to disburse $265m in trapped funds belonging foreign airlines, the carriers have shut down their global distribution services in Nigeria. Based on…
Buhari commissions first off-shore petroleum terminal in Lekki
Nigeria’s first off-shore petroleum products terminal would be commissioned this weekend by President Muhammadu Buhari. Located in the Lekki Free Zone, the terminal, owned by Pinnacle…
US fines Lafarge $778m for supporting terror groups
French cement giant Lafarge SA will pay a $778 million fine after pleading guilty to providing material support to Islamic State and other terror groups during the Syrian civil war, the US Justice…
Flutterwave appoints Marshall Lux, former Chief Risk Officer at JPMorgan Chase, as Senior Advisor
Flutterwave, Africa’s leading payments technology company, announced the appointment of Marshall Lux, former JP Morgan Chase Chief Risk Officer of all consumer products, BCG and McKinsey…
‘We’re no longer interested’ — BUA says Kogi can revoke 50,000-hectare land
BUA Group, a manufacturing and infrastructure conglomerate, says it is no longer interested in a 50,000-hectare land it acquired from the Kogi government in 2012. The company said this in a…
Kogi Communities Jubilate as Dangote Cement Obajana Plant reopens
There were huge scenes of…
Nigeria Cinemas Generate N495m In September – CEAN
The Cinema Exhibitors Association of Nigeria (CEAN) says it realised N495m from ticket sales across cinemas in the country in the month of September. CEAN’s National President, Mr Ope Ajayi,…
FG commences collection of charges on helicopters landing on oil rigs
The federal government, through its consultant, Naebi Dynamic Concepts Limited, has inaugurated a team to drive its new initiative of collecting landing and take-off charges from helicopters…