Officials of the Economic and Financial Crimes Commission were caught in several local government areas in South and North Akure, Ondo Province, and point of sale operators suspected of selling overpriced naira were arrested. On Friday and Saturday, the Anti-Corruption Commission reportedly arrested dozens of operatives.
The suspects were alleged of buying cash from banks and selling the notes…
The Lagos State Government is set to charge the driver of the staff bus involved in a collision with a train, Oluwaseun Osinbajo, with manslaughter.
The collision occurred on March 9 at the PWD railway crossing in Ikeja, the state capital.
The bus, which had employees of…
Access Holdings Plc has announced that Access Bank Zambia Limited, a subsidiary of its flagship subsidiary, Access Bank Plc, has received final regulatory approval from the Central Bank of Zambia for the acquisition and merger of African Banking Corporation Zambia Limited…
Central Bank of Nigeria has directed all commercial banks to open for operation on Saturdays and Sundays, as part of a coordinated effort to ease circulation of banknotes of various denominations.
The apex bank also confirmed the evacuation of banknotes from its vaults to commercial banks across the country.
This latest development was disclosed in a statement signed by CBN Acting Director…
South Korea has announced that it will seek the extradition of fugitive crypto entrepreneur Do Kwon following the arrest of the founder of Terraform in Montenegro and an outright denial by the US of fraud charges.
This was reported by the prosecutor’s office on Friday…
Introduction of disease-resistant corn hybrids to farms by government and groups
March 24, 2023
The Federal Government, in partnership with Export Trade Group and Nigeria Agro Inputs Dealers Association, on Thursday, unveiled disease-resistant hybrid maize seeds to boost crop production as the planting season begins.
Officials from the Federal Government’s Institute…
Cadbury Nigeria Plc has said that winners of Season 4 of its Bourn Factor School Talent Competition have emerged.
The company, in a statement, noted that the winners emerged from different states across the country.
It disclosed that the competition, which has been running since 2019, rewards winning schools with monetary prizes and sponsorship of a social impact activity of their…
The Ibadan Electricity Distribution Company has promised to restore power supply following a three-week blackout experienced by landlords, residents and business owners in Ibafo, Magboro, Makogi, Oke-Afa and Aseese, among others, in the Obafemi Owode Local Government Area of…
Circulation of old notes: CBN starts monitoring today and the bank has set a two-week target.
March 24, 2023
The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide.
The central bank had…
American sports goods giant Nike reported a decline in third-quarter earnings on Tuesday despite beating Street expectations.
The company reported revenue of $1.24 billion, or $0.79 per share.
This compares with $1.40 billion, or $0.87 per share in third quarter of 2022.
Analysts on average had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters.