By Opeyemi Abdulsalam Food inflation remained high in May, with 59 percent of low-middle-income countries, including Nigeria, experiencing increases. According to the World Bank’s latest report, Nigeria’s real food inflation jumped 41 percent compared to last year, while nominal food inflation…
…Passes vote of confidence on Oyetola By Ismail Azeez, Osogbo The All Progressives Congress, (APC), Osun State chapter, has said it is awaiting the decision of the National leaders of the party on the status of ex-minister of Interior, Rauf…
…As CBN settles N400bn First Bank loan By Seun Ibiyemi and Matthew Denis (Abuja) The Central Bank of Nigeria (CBN) says it has no plans to revoke the licences of Unity, Polaris, and Keystone banks. Online reports had claimed the…
The Minister of Works, David Umahi, has issued a stern condemnation of the vandalism of the 2nd Niger Bridge. The Minister labelled such an act as a cowardly attack on the nation’s progress. The incident, which involved the destruction of…
The Nigerian Content Intervention (NCI) Fund will undergo review for improved efficiency, Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omotsola Ogbe has stated. Speaking at the quarterly engagement forum held with the Bank of…
…Tripartite Committee to meet daily to determine new wage …Nationwide blackout as Labour shuts down National grid …Maritime workers strike paralyses seaport operations …Ex-NLC President suggests N100,000 minimum wage By Our Correspondents In response to the Organised Labour strike on…
The Central Bank of Nigeria has lifted a six-week-long ban on onboarding new customers imposed on five of the country’s most prominent fintech startups: Paga, OPay, Kuda, Palmpay, and Moniepoint. The regulator’s directive to freeze new customer signups first came…
Foremost Nigerian power generation solutions provider, Geregu Power Plc, has entered a pact with Siemens Energy to jointly develop solutions for capacity expansion at the Geregu 1 power plant. The aim of partnership is to ensure sustainable, resilient, and efficient…
…Advises depositors on next step By Matthew Denis The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank, assuring it will pay depositors of the failed bank N5million insured deposits. Director of Communication & Public Affairs, Bashir…
Access Bank has been recognised as the ‘Best Trade Partner Bank West Africa 2024’ by the International Finance Corporation (IFC). Presented at the Global Trade Partners Meeting (GTPM), held recently, in Barcelona, Spain, the prestigious award highlights Access Bank’s outstanding…
