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House of Reps probe central bank’s $7 billion to banks from foreign reserve
The House of Representatives has begun investigation of the non-refund of $7bn withdrawn from Nigeria’s foreign reserves by the Central Bank of Nigeria in 2006 to pay banks and…
Drake joins the marijuana industry
Drake, Canadian rapper and record producer, has signed up with his country’s biggest cannabis producers to launch a fully-licensed joint venture to produce and distribute marijuana.…
No competition with Dangote, says NNPC
Group Managing Director, Nigeria National Petroleum Company (NNPC) Mele Kyari at the recent tour of Dangote Petroleum Refinery said the government was working to…
Total Oil Set To Sell $750 Million Stake in Major Nigerian Oil Block
Total is seeking to sell its 12.5 per cent stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources have said. The plan is reportedly an effort to…
Ndukwe quits Access Bank board
MR Ernest Ndukwe on Tuesday relinguished his directorship from Access Bank as as an independent Non-Executive Director. This was contained in a statement issued by Mr Sunday…
Understanding North-East oil find
For those eager to see the commencement of oil production in the Kolmai II River well, they have to wait for the Nigerian National Petroleum Corporation (NNPC) and…
Another $1.2bn liability dangles over Nigeria as Azura power deal wobbles
Nigeria’s penchant for signing agreements that end up putting the country on the back foot continues to haunt the federal government as another power deal wobbles, TheCable can…
Border closure: Why federal government’s decision is in Nigeria’s best interest – Stakeholders
In August this year, the Federal Government shut down the country’s land borders in a bid to check smuggling of goods, especially rice, light arms, automobiles and other…
Border closure saves poultry industry N50bn
THE closure of land borders has saved the local poultry industry more than N50 billion and the rice industry, experts have said. Although the move appears to violate the…
Border closure: Nigeria gets tough with ECOWAS, bans repackaged imported goods
The Federal Government has listed five conditions for reopening of the country’s land borders for goods importation from neighbouring countries.As one of the conditions, the Federal Government said Nigeria would…
BREAKING: FG sets conditions for reopening of borders
The federal government has given conditions for the reopening of borders. It insisted ECOWAS countries must respect rules of origin, vowing it Nigeria will no longer tolerate…
USSD Controversy: Inside details of agreements by banks, telecoms operators
In spite of the suspension order by the government, the controversy continues over MTN’s alert to its customers on the decision to commence end-user billing…
Saudi capital market gives green light for Aramco’s record initial public offering
Saudi Aramco’s multibillion-dollar share sale, likely the biggest initial public offering (IPO) in history, is officially underway after the company formally announced its…
Fed Govt to support Dangote Refinery
MINISTER of State for Petroleum Resources, Timipre Sylva, has said governments across the world will support a project with the likes of Dangote Petroleum Refinery. The refinery is…
McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee
McDonald’s Corp. said it has fired Chief Executive Steve Easterbrook because of his consensual relationship with an employee, the latest challenge for the company as it races to keep up with changes…
Nigeria’s border closure will extend beyond January 2020
The partial closure of Nigeria’s land border with neighbours will continue beyond January 2020 and will only be terminated until the set objectives are achieved. A leaked…
Compel banks to reduce interest rates – Donald Duke tells FG
A former governor of Cross River, Mr Donald Duke, has called on Federal Government to compel banks to reduce interest rate to the barest minimum to make credit available and affordable…
Aramco announces plans for giant stock market debut
Saudi Aramco said Sunday it will list on the Riyadh stock exchange in what could be the world’s largest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to…
FG, farmers’ group to establish farm settlements across Nigeria
The Federal Ministry of Agriculture has disclosed its plans to partner with Nigeria Farmers Group and Cooperative Society (NFGCS), using its model as a template to transfer…
Pop Music Legend, Michael Jackson Tops 2019 List Of Highest-Earning Dead Celebrities
Michael Jackson has again been named the top-earning dead celebrity. The late King of Pop was number one on Forbes’ 2019 list after his estate made over £46 million in the last 12…
First ‘Amala’ Festival to hold in Lagos
The city of Lagos is set to host the first edition of an annual Food Festival tagged: ‘Amala Festival 2019.’ The festival is aimed at bringing together local food vendors,…
Photos Of Ikoyi Luxury Flats “Sisi Paris” Built By Mike Adenuga’s Daughter, Bella…
Mike Adenuga’s daughter, Bella Disu has just completed a luxurious high rise complex with 18 Units of Serviced Apartments. The building built in Ikoyi area of Lagos has taken the social media by suprise. Sharing the video, Bella Disu…
South Africa’s credit rating close to junk status
Ratings agency Moody’s followed S&P Global and Fitch in spelling bad news for Africa’s second biggest economy, South Africa, now facing a slowdown in economic growth and rising debt…
Stanbic IBTC Holdings announces director’s resignation
The Board of Stanbic IBTC Holdings PLC on Friday announced the resignation of Mr Sim Tshabalala from the bank’s Board. This was announced in a statement by the board on…