Why Dangote Group sacked 48 top staff
The sustained galloping cost of production driven by forex crisis has started taking tolls on expatriate quotas in several companies including Dangote Group. The development has lead to the sack of 48 expatriates and 12 Nigerians. In a letter signed…
MTN’s $14bn transfer saga, NPLs forced CBN to craft ECOs in banks’
More indications have emerged on why the Central Bank of Nigeria (CBN) last month issued a strong worded circular to all money deposit banks (DMBs) to create and appoint new Executive Compliance Officers (ECOs) who must not be below the…
Coscharis Rice, others may end rice import next year –Ogbeh
Though average Nigerian is apparently confused on the back-and-front promises of the federal government in flooding local rise across the nation’s markets, there are nation-wide signals that the current foreign exchange pressure on the country would come to an end…
Ports inefficiency robs economy N1tn yearly—–Joint Report
Fresh report has revealed that the Nigerian economy is bleeding away revenue to the tune of N1tn yearly. The document jointly prepared by the Financial Derivatives Company Limited (FDCL) and the Lagos Chamber of Commerce and Industry (LCCI) showed that…
Can el-Rufai right FCT, Lagos wrongs on spending N2.55Bn on CCTV, drones?
Since the Kaduna State Government revealed that it has earmarked over N2.55bn to procure CCTV cameras and drones, to provide adequate security cover in the state in 2017, followers of the sector have been asking critical question on whether the…
Discos seeks hike from 22.8 per kilowatt-hour to 105kKwh due to inflation
The Chief Executive Officer, Association of Nigerian Electricity Distributors, an umbrella body for the Discos, Mr. Azu Obiaya has explained the latest agitation for tariff increase. In an interview, he stressed that it was important to raise the tariff in…
Relief as troops dislodge ship hijacker, arrest vandals in Delta
It was moment of relief in Delta State as troops of Operation Base 2 have thwarted an attempted hijack of a vessel in the restive Niger Delta and separately arrested five pipeline vandals, a spokesman said on Sunday. He said…
GTBank plans Fashion Weekend to drive entrepreneurships
Leading innovative banking group, Guaranty Trust Bank has stepped up plans to host a world class fashion Week in Lagos soon. According to the lender, the GTBank Fashion Weekend is a consumer focused fashion exhibition and capacity building event that…
African Americans produce best laundry detergents in US
True Products LLC, the makers of “True Detergent” is a black owned company created by African American is currently making waves in the Americas. New details show that the company focused on making one of the most effective laundry detergent…
Jonathan closed his eyes to graft as 55 bled N1.3Tn under him
New report by the Presidential Advisory Committee Against Corruption (PACAC) has indicted former President Goodluck Jonathan as the major cause of deepened corruption in public service. The report released weekend in Abuja said 55 people stole N1.3trillion from the national…
