ASPMDA: Court stops Umeji, insists on determination of Suit with Igboanuzue
At the resumed hearing of the suit between the current administration in Auto Spare Parts and Machinery Administration (ASPMDA) and ousted government led by Bro. James Umeji on Thursday, 23rd February, 2023 in Lagos, Business Hilights gathered that the Presiding…
Just in: Lagos Int’l Complex to remain closed till Tuesday—TSFA
The leading umbrella body controlling all the over 17 stakeholding business associations at the Lagos International Trade Fair Complex, Badagry Expressway, the Trade Fair Stakeholders Association (TFSA), has maintained that due to the hassles many people experienced on Saturday’s presidential…
PIA 2021: NUPRC Boss commits to host community development trust
The Chief Executive of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, has averred that the implementation of Host Community Provisions under Section 235 of the Petroleum Industry Act 2021 saddled the commission with the responsibility of ensuring conducive and…
NEPC negates forest protection, lifts ban on charcoal export
Contrary to the stand of environmental activists in the protection of Nigerian forest resources and carbon sink, the Federal Government has announced the conditional lifting of the ban on charcoal and processed wood export in a bid to revamp businesses…
CBN accepts failures, fine-tunes eNaira to revive acceptability
At a time cash crunch is biting Nigerians harder due to the sudden currency swap of the federal government and in consideration of the observed rejection and or poor penetration rate since its introduction in October 2021 by the Central…
Just in: Dangote casts his vote in VI, expresses faith in INEC
Africa’s industrial giant and President Dangote Group, Alhaji Aliko Dangote, few minutes ago voted in his Ward in Victoria Island, Lagos State. In a brief comments shortly after accreditation and voting, the industrial icon expressed faith in the ability of…
Just in: Why Simon Ekpa cannot make further broadcast on Biafra
Strong indications emerging from Finland Saturday morning have provided fresh facts on why the South East Sit-At-Home announcer and self-styled fugitive Biafran leader, Mr. Simon Ekpa (also a Finnish citizen and lawyer), may not may further broadcast on Nigeria’s election…
Africa: MTN to inject $1bn of capital expenditure over the next 5 years
Africa’s telecoms giant, MTN Group has vowed to push in more funding into the growth of the industry in the continent for the next half decade. Speaking recently at the MTN Headquarters in Johannesburg, Group President and Chief Executive Officer…
US prefers Indian-American tycoon, Ajay Banga choice for W’Bank chief
United States President, Joe Biden has named Indian-American businessman Ajay Banga as the US pick to lead the World Bank. The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Banga…
CBN steps up Corporate Governance in banks, reviews Mgt. tenure
The Central Bank of Nigeria (CBN) has reviewed the tenure of Executive Management and Non- Executive directors of Nigerian banks, a move it believes will strengthen their corporate governance structure. The apex bank said in the revised edition for banks…
