President of the Dangote Group, Aliko Dangote, has advocated for policies that safeguard domestic industries and cultivate them into indigenous champions capable of generating jobs and fostering prosperity in the face of current global economic woes. The foremost entrepreneur told the gathering of manufacturers and investors in Abuja while …
Read More »AGF battles Polaris Bank, staff for diverting customer’s N16.5bn
The Kayode Lawal-led Polaris Bank Limited is currently entangled in alleged N16.5 billion fraud. This is as the Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi, has taken over the prosecution of the bank and a staff member, Chinenye Duru, for diverting N16.5 billion belonging to a …
Read More »Shareholders’ funds wiped out as PZ Cussons Nigeria reports N96.4 billion losses in FY 2024
Consumer goods company, PZ Cussons Nigeria reported a net loss of N96.4 billion for the fiscal year ending May 31, 2024, according to information contained in its latest unaudited financial statements. The losses led the company to post a negative equity of N47.2 billion at the end of the fiscal …
Read More »Stop Ex-Minister Diezani From Using My Name, Estranged Husband Urges Court
A former Chief of Naval Staff, Admiral Alison Madueke, has filed a petition in the Lagos State High Court, seeking a legal declaration to end his marriage to Diezani and requesting that she stop using his last name. He is asking the court to order the former Minister of Petroleum …
Read More »FIRSTBANK POWERS NIGERIA’S DIGITAL LENDING CHARGE WITH FIRSTCREDIT
In the fast-evolving world of digital banking, Nigeria stands on the brink of a financial revolution. As the global pandemic has accelerated digitalization, the need for accessible, efficient, and reliable financial services has never been more crucial. FirstCredit by FirstBank emerges as a groundbreaking digital lending solution designed to meet …
Read More »$6billion Fraud: EFCC Opposes Ex-Minister Agunloye’s Application For Medical Trip Overseas
Agunloye is being prosecuted by the EFCC on seven counts bordering on official corruption and fraudulent award of Mambila Power Project contract to the tune of $6 billion (six billion US dollars). The Economic and Financial Crimes Commission, (EFCC) on Monday opposed the application of a former Minister of Power …
Read More »Kano Electricity Company Disconnects Nigerian University Over N40million Unpaid Bills
The state-owned university was plunged into darkness in spite of the management saying that the sum of N20million out of the N60 million monthly bill has been paid. The Kano Electricity Distribution Company (KEDCO) has disconnected the Kano University of Science and Technology, Wudil, from power supply over N40million unpaid …
Read More »Stanbic IBTC set to host Bloom Weekend
Stanbic IBTC Holdings has announced the date for its annual women’s event tagged ‘Bloom Weekend’, coming up in July 2024. This dynamic event will celebrate women in its Blue Blossom community and feature several components including a yoga session, village market, the Ladies At The Table Empowerment Series (LATTES), an …
Read More »Stanbic IBTC Bank Nigeria PMI®: New order growth at seven-month low in June
June data signaled a broad stagnation of the Nigerian private sector as subdued demand and intense price pressures led to slowdowns in growth of output and new orders. In turn, employment rose only fractionally. There were signs of inflationary pressures picking up, with purchase prices, staff costs and selling charges …
Read More »Nobody Will Recognise Nigeria When Tinubu Completes Remaining Seven Years – Senate President, Akpabio
In his latest comedy-like address, Akpabio on Tuesday told Nigerians not to worry about the challenges facing Nigeria but only pray for the success of the Tinubu’s administration, saying it would pay off in the next seven years. Senate President, Godswill Akpabio, in another public gaffe on Tuesday, said nobody …
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