slideshow

As the Naira continues to take a heavy beating against the major international currencies at the foreign exchange (forex) market, the Central Bank of Nigeria (CBN) said its major concern, for now, was boosting Dollar supply to the market windows and not the valuation of the local currency. The Director …

Equities have been ranked as the best investment asset class to hedge against inflation from August 2020 to August 2021. The Financial Derivatives Company (FDC) disclosed this in the inflation vs investment return data released for August in Lagos. Among the four asset classes tracked by the FDC, the Nigerian …

The Indigenous People of Biafra, IPOB, has declared that President Muhammadu Buhari is not welcomed to the Southeast. IPOB Director of Socials, Chika Edoziem, made the remark while ordering a sit-at-home in protest of Buhari’s visit to Imo State on Thursday. Edoziem, who is one of IPOB executives, disclosed this …

Governor Oluwarotimi Akeredolu of Ondo State has called on President Muhammadu Buhari over the worsening insecurity situation in the country, stating that Nigerians are now living in fear. While urging the federal government to urgently do something about it by restoring the hope of the people, the governor said a …

An assistant director of the National Biotechnology Development Agency (NABDA), Mr Christopher Orji, has reportedly committed suicide in Abuja. Orji’s lifeless body was reportedly found dangling with a rope tied to a ceiling fan at his residence at Federal Housing Authority Estate, Lugbe, Abuja, at about 4pm on August 30. Sources …

There was tension in Umuahia, the Abia State capital on Tuesday as Aloy Ejimakor, lawyer to the detained leader of the Indigenous People Of Biafra, Mazi Nnamdi Kanu, heads to court over the latter’s health issues. It was gathered that access roads to the court were blocked by truckloads of …

When Africa’s e-commerce market leader, Jumia released its 2021 Q2 result, one of the interesting revelations was the upward trend of orders on the platform. The e-tailing platform said “Orders reached 7.6 million, up 13% year-over-year.” This, the report said, was the fastest volume growth of the past  five numbers …

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote has disclosed plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months. According to him, the project currently employs 29,000 Nigerians and 11,000 foreigners at the 650,000 barrels-per-day world’s largest single …

  The management of the Innocent C. Ike-led Polaris Bank Plc is still trying to recover from the embarrassment caused by one of its employees working at its Computer Village, Ikeja, Lagos Branch, after he stole a whopping N20 million from a customer within seven days. While the dust raised …

Francis Atuche A Lagos State High Court in Ikeja has frozen assets and funds to the tune of N19,178,253050 billion allegedly kept in 24 banks by Francis Atuche, a convicted former managing director of the defunct Platinum Habib Bank, Bank PHB. The banks include Access Bank Plc, Citi Bank Ltd, …