Business

Zainab Ahmed, minister of finance, says all those responsible for the failure of Skye Bank will be prosecuted. The minister made this known on Friday when she paid a courtesy visit to the Nigerian Deposit Insurance Corporation (NDIC)…

The shares of Italian giants has dropped amid Cristiano Ronaldo’s rape allegations, after the club stood by the Portuguese star. Ronaldo’s move to Juventus in the summer gave the Italian champions a huge boost, both on and off the…

Nigerian National  Petroleum Corporation, NNPC,Thursay, said its earnings from crude oil and gas export appreciated by 35.78 per cent to $416.07 million in June 2018. In a statement on its Financial and Operations Report for June…

Daughter of billionaire owner of Oriental Energy, Alhaji Mohammed Indimi, Ameena Indimi is in the news again. Ameena seems to have become a consistent trouble maker and the most troublesome daughter of her father. She is the wife…

Hilton Worldwide Holdings Inc., operators of the popular and luxury global hospitality group Hilton Hotels, has opened a new hotel at the Murtala Muhammed International Airport (MMIA), Lagos. The new establishment, which is named…

Kylie Jenner, recently featured on the cover of Forbes’ ‘60 Richest Self-Made Women’ issue, is also the highest paid celebrity on Instagram. Hopper HQ, an Instagram post-scheduling tool, has composed a list of top 10 highest paid…

• Agusto assigns ‘5 star’ ratings to four banks More Nigerian retail banks and their customers are adopting a “digital-centric” approach to banking, the 2018 Consumer Digital Banking Satisfaction Index Report, has shown. According…

The Federal Government has announced a 90-day special window for registration of new businesses at a reduced rate of N5000 only.Vice President Yemi Osinbajo, who disclosed this on Tuesday, said the gesture was part of its bid to further…

Brent crude oil prices hit their highest level since November 2014 yesterday ahead of U.S. sanctions against Iran. Brent sweet crude oil futures rose to as much as 83.27 dollars a barrel. U.S. West Texas Intermediate crude futures…

MTN Nigeria is exploring other means of availing the public of the benefits of owning its shares outside of listing on the Nigerian Stock Exchange, its Chief Financial Officer Ralph Mupita has said. The new share unbundling idea is a…

*How He Secured A Multi-Billion Naira Loan To Finance The Revival Of Moribund Government-Owned NITEL and Yola Disco  + How government’s refusal to honour contractual agreements ran him into monumental debt It wouldn’t be hyperbolic to…

The late Chief Moshood Kashimawo Olawale Abiola was arguably the richest Nigerian of his time. A brilliant mind with impeccable antecedents, Abiola was a tycoon and the biggest philanthropist in Africa. He was an African pillar with…

The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nationhas learnt. The naira, which exchanging at N361 to dollar early last week, firmed at N357 in the…

AMERICAN Express said it decided to remove Nigeria from its blacklist and return its card services to Nigeria in recognition of the huge number of honest Nigerians angling for its services. Meanwhile, UP, also known as Unified Payments,…

About 19 companies have indicated interest to acquire Afam Power Company and Yola Power Distribution Company (YPDC) recently put up for sale by the federal government. The Bureau of Pubic Enterprises (BPE) spokesperson, Amina Tukur,…

The Central Bank of Nigeria on Wednesday gave a notification to revoke the operating licences of 182 other financial institutions in the country. According to the list released by the regulator on Wednesday, 154 of the affected…

Following the revocation of Skye Bank Plc licence by the Central Bank of Nigeria (CBN), the former chairman and another director of the defunct bank, Mr. Tunde Ayeni and Dr. Festus Fadeyi are currently under investigation. This is coming…

Federal, states and local governments yesterday shared N741.84 billion. The revenue generated in August rose by N27.04 billion;  N714.84 was shared in July. The Permanent Secretary, Federal Ministry of Finance, Mahmoud Isa-Dutse,…

The Federal Government of Nigeria appears to have taken a softer stance on Africa’s leading mobile operator MTN, assuring stakeholders that a dispute over the repatriation of $8.13 in dividends will be “resolved”. Talking to…

The move to divert cargo to other ports across the country received a major boost recently when the Dangote Oil Refinery jetty located at the Lekki Free Trade Zone, Lagos has received its first ever ship call. The ship named “BBC Naples”…

The Governor of the Central Bank of Nigeria, Dr Godwin Emefiele, has reiterated the main reason behind the decision to change Skye Bank Plc’s name to Polaris Bank Limited; insisting that it was not for ‘sexy reasons’. Dr Emefiele…

Edwin Clark, leader of the Pan Niger Delta Forum (PANDEF), says Shell must divest its ownership of OML 25, otherwise known as Belema oil field, to an indigenous firm. Addressing a press conference on Monday, Clark opposed the sale of…

Oil prices have been projected to rise next year, according to projections by stakeholders in the sector. This is just as newly imposed sanctions on Iran by the US are expected to come into force early November. According to Reuters,…

A wonder bank, operating under the name,  Micheno Multipurpose Cooperative Society, MMCS, has defrauded over 13,000 people to the tune of N27 billion in Cross River State.The scheme owned and operated by one Michael Eke, had…