The South-West chairman, Rev. Oluleye Gideon, made the plea at a joint news conference in Ibadan, saying that the recent new naira redesign and other government programmes had adversely affected his members.
Gideon said that the CBN’s policy had also brought about untold hardship to the farmers and their investments, as a result of which he said they had lost several billions of naira
The…
The policy of dormant CBN accounts has raised concerns in the banking sector.
April 21, 2023
Banks and their customers have raised concerns over the Central Bank of Nigeria’s proposed plan to mop up funds from dormant accounts. While the proposal is not new, stakeholders argue that it could potentially have unintended consequences on the banking sector, reports…
With 5.5% Stake, Femi Otedola Emerges Transcorp’s Largest Individual Shareholder
Billionaire businessman, Mr. Femi Otedola has emerged largest single individual shareholder in Transnational Corporation Plc (Transcorp), a publicly traded diversified conglomerate chaired…
Sports brand, adidas, has opened a flagship store in Lagos State, Nigeria; its largest and first-of-its-kind store in West Africa.
In a statement issued by the sports brand, adidas revealed that Lagos Flagship is the fourth adidas store to open in partnership with BrandCo in Nigeria. It stated that the flagship store would provide an immersive and community-driven shopping experience for exclusive…
The Minister of Science, Technology and Innovation, Adeleke Mamora, has given reasons why Nigeria remains a poor country despite being blessed.
The minister, who spoke at a workshop aimed at accelerating small hydropower investments in Nigeria, said the lack of capacity to…
The police on Tuesday, arraigned a 37-year-old man, Nwafor Onyebuchi, before a Badagry Magistrates’ Court, Lagos, for allegedly stealing N21 million from a Catholic Church.
Onyebuchi is facing a three-count charge of stealing, breach of public peace and conspiracy.
He…
The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the third and fourth quarters of 2022.
NBS noted that the Ikeja DisCo generated N40,558.7 billion and N45,625.79 in the third and fourth quarters of 2022, respectively.
It added that the number of electricity customers in Nigeria increased from 10,937,488 in…
Experts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a properly built structure.
The Lagos State Emergency Management Agency had in a statement claimed that the recently collapsed building on 1st Avenue, in the…
The International Monetary Fund says the recent slowdown witnessed in Foreign Direct Investment, especially in developing countries can be linked to the divergent trade patterns among countries, with flows increasingly concentrated among geopolitically aligned countries…
The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of the bank.
Mr Ozena Utulu, Group Head, Corporate Communications of the bank, said this in a statement on Sunday.
The statement said that his appointment received a letter of no objection from the Central Bank of Nigeria on March 31.
Akinola…