Manchester United’s stuttering start to the season under Jose Mourinho has been “painful” to watch, according to former Old Trafford striker Dimitar Berbatov. After a fraught weekend that saw United beaten by West Ham in the Premier League, Mourinho has come further under fire since Tuesday night when his side failed to convince during a […]
Nigeria’s government will prosecute those responsible for the collapse of failed lender Skye Bank, weeks after the central bank withdrew Skye’s operating license, the country’s finance minister said on Friday. Nigeria’s central bank revoked Skye Bank’s operating licence on Sept 21 and a bridge bank called Polaris was created to take over the lender’s assets. […]
Bloomberg reports that the mobile phone operator is under pressure to transfer $8.1bn MTN shares slumped as much as 11% on Friday after a report that Africa’s biggest cellphone network operator is facing pressure to transfer $8.1bn to Nigeria before that country’s courts rule on its conflict with the central bank. Bloomberg reported that the […]
The fight against trading in mint currency and abuse of the naira at events has gained prominence, as the Central Bank of Nigeria’s (CBN) Bankers Committee has mulled a mobile court to try offenders. The advanced move, in collaboration with the Nigeria Police Force and the Federal Ministry of Justice, is aimed at reducing the […]
To sustain flight safety and ensure that domestic carriers have robust financial status, the Nigerian Civil Aviation Authority (NCAA) has started enforcement of economic regulation of the airlines. To this end, the agency has insisted that the operators must submit monthly financial report to the agency. NCAA explained that this is to ensure that airlines […]
Nigeria’s central bank is asking a Lagos court to make South Africa’s MTN pay 15 percent annual interest on the $8.1 billion it claims was illegally moved abroad, according to court documents seen by Reuters. The bank also asked the court to dismiss MTN’s case seeking to stop the monetary authority’s order for the telecoms […]
Nigeria’s central bank said on Wednesday it had injected $210 million into the interbank foreign exchange market, as it seeks to boost liquidity and alleviate dollar shortages. The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain […]
The President, Nigeria Union of Teachers (NUT), Dr Muhammed Idris, on Thursday advised the Federal Government to review retirement age of teachers to 65 years. Idris gave the advice at a news conference to mark the 2018 World Teachers’ Day in Abuja. According to Wikipaedia, the free encyclopaedia, the World Teachers’ Day, also known as […]
Mr Hamid Bobboyi, Executive Secretary, Universal Basic Education Commission (UBEC), has said that the number of out-of-school children increased from 10.5 million to 13.2 million between 2010 and 2015. Bobboiyi made this known in Abuja on Thursday at a Pre-conference briefing on Northern Nigeria Traditional Rulers Conference on Out-of-school children. Bobboyi, who was represented by […]
Crude oil futures ticked down during European morning trading Thursday on increased output from Saudi Arabia and a build in US stocks, although supply concerns muted the downward move somewhat. At 0930 GMT Thursday, the December ICE Brent crude futures contract was down $0.14/b from Wednesday’s settle at $86.15/b, while the NYMEX November light sweet […]