The office of MTN Nigeria located in Abuja, the Nigerian capital, was invaded on Thursday afternoon by a group of angry Nigerians protesting the continued Xenophobic attacks on their fellow countrymen and other Africans in South Africa, the home country of the telecoms giant. A senior manager in the MTN Abuja Office located in the […]
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CBN releases additional $370.9m to boost foreign exchange market
Sequel to its promise to ease the difficulties encountered by Nigerians in obtaining funds for Foreign Exchange transactions, the Central Bank of Nigeria (CBN) on Tuesday, carried out wholesale interventions in the interbank Forex market by providing a total sum of $370,810,810.79 to 23 banks to meet the visible and inviable requests of customers. A […]
19 Nigerian academics conduct research in Shell sabbatical programme
A total of 19 academics from different universities in Nigeria have begun research attachments in several fields of study in the latest phase of the sabbatical and internship programme of The Shell Petroleum Development Company Nigeria Limited (SPDC) Joint Venture, which was introduced in 1980. The eight professors and 11 research interns commenced their programmes […]
School names building after Ex-Governor Peter Obi
Holy Child Secondary School, Isuofia, Anambra State, has named their magnificent classroom block after the former Gov. of Anambra State, Mr. Peter Obi, as part of their 20th year anniversary celebration. Speaking during the event, the Manager of the School, Rev. Fr. Julian Anaetoh, said the gesture was in recognition of Obi’s monumental achievements in […]
Access Bank, Stanbic IBTC, Skye, Union Bank, 4 others sealed off over tax
The Enugu State Board of Internal Revenue has sealed off eight banks in the metropolis, for failure to remit about 1Billion Naira tax to the government. The exercise started on Monday morning at about 5:30am, and has affected Access Bank PLC, Stanbic IBTC Bank, Skye Bank, Union Bank, Unity Bank, Heritage Bank, Keystone Bank and […]
Goodie Ibru resigns as chairman of Ikeja Hotels PLC
Mr. Goodie Ibru has resigned as chairman of Ikeja Hotels Plc. His resignation came barely two months after a judge in Abuja backed up his claim as the chairman of the hotel group, amidst a rancorous family dispute, involving Maiden Ibru, the wife of the late younger brother, Alex Ibru. Goodie Ibru, recipient of the […]
IMF advises Nigeria to strengthen the Cash Management Unit
The International Monetary Fund (IMF) has advised the Office of the Accountant-General of the Federation (OAGF) to strengthen Cash Management Unit for better results. IMF Senior Resident Economist, Africa Department, Mr. Amine Mati, gave the advice on Friday in Abuja while presenting a report of the activities of the IMF team that worked with the OAGF […]
Senate to hold Public Hearing on 2017 Budget Monday
The 8th Senate will on Monday hold a first-of-its-kind public hearing on the 2017 Appropriation Bill submitted to the legislature by President Muhammadu Buhari. According to a statement by the Chairman, Senate Committee on Media and Public Affairs, Senator Aliyu Sabi Abdullahi, the Public Hearing is aimed at allowing stakeholders and members of the public […]
Osinbajo pledges rapid development of oil communities in Bayelsa
Acting President, Prof. Yemi Osinbajo, on Friday resumed the peace talks with oil communities with a visit to Yenagoa, Bayelsa capital pledging rapid development oil bearing communities in the Niger Delta region. Speaking at the stakeholders meeting during the ongoing dialogue, Osinbajo noted that the oil industry was the dominant source of foreign exchange earnings […]
Oil prices rise as OPEC members cut output
Oil prices rose on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that took effect in January. Supply from the 11 members of the Organization of the Petroleum Exporting Countries with production targets under the deal fell to 29.92 million barrels per […]