Zenith Bank has announced impressive results for the year ended December 31, 2019, with profit…
Category: Business
Pepsi vrs Bigi Cola: Senate summons soft drinks manufacturers
Two soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi; and Rites Foods Limited, makers…
Nigeria lost $750m to oil theft in 2019 – NNPC
The Nigerian National Petroleum Corporation has disclosed that the nation lost about $750 million to oil…
IMF cuts Nigeria’s 2020 economic growth forecast
International Monetary Fund (IMF) has announced a downward review of its 2020 growth forecast for Nigeria…
N2.5bn NBC Scandal: Pinnacle’s Lucky Omoluwa slumps, dies
Lucky Omoluwa, chairman of Pinnacle Communications has died. According to Premium Times, family sources and associates…
Tony Elumelu as Nigeria’s gender outlier
In 2017, the World Economic Forum (WEF) stated via its Global Gender Gap Report that it would take…
Court summons Wema Bank Chairman, MD, four officials
A Federal High Court in Lagos has summoned six top officials of Wema Bank Plc following…
Lagos-bound passengers accuse British Airways of treating them as slaves in Abuja
Some passengers of a British Airways flight from London to Lagos have accused the airline of…
Court remands Petro Union Oil and Gas directors over £2.6bn fraud
A Federal High Court in Lagos on Thursday ordered the remand of four Directors of…
NTA will compete with CNN — if we get $500m loan, says Lai Mohammed
Lai Mohammed, Minister of Information, says if the $500 million loan his ministry is seeking is…
Report: NPA revokes LADOL’s land lease agreement over infraction
The Nigerian Ports Authority (NPA) has reportedly revoked its land lease agreement with Lagos Deep Offshore…
Scarcity looms as NUPENG suspends fuel distribution in Badagry
Most of the petroleum stations in Badagry communities have closed as the National Union of Petroleum…
Uber drivers in Lagos plan strike from Monday
Some Uber drivers in Lagos may commence strike on Monday to protest the recent clampdown by…
Multinationals cheat Nigeria of N3.7tn annually, says FIRS boss
Nigeria loses a staggering N3.635 trillion ($10 billion), translating to more than one third of its…
FG may restrict subscribers to three phone numbers
Do you have more than three phone numbers? You might have to discard some soon. Isa…
Digital companies, liable to tax under new Finance Act — Osinbajo
Vice President, Yemi Osinbajo says multinational digital companies operating abroad with significant economic presence in Nigeria…
Senate probes NNPC over $396 million spent on maintaining refineries
The Senate on Thursday agreed to probe the Nigerian National Petroleum Corporation over the $396m expended…
Don’t be afraid of audit if you have done the right thing, Buhari tells public officers
President Muhammadu Buhari Tuesday in Abuja said no one in government should be afraid of audit…
Union Bank offloads UK subsidiary
Union Bank of Nigeria (UBN) Plc has entered a share sale and purchase agreement to divest…
EFCC investigating ‘Baba Ijebu’ for alleged tax fraud
The Economic and Financial Crimes Commission (EFCC) is allegedly investigating Adebutu Kessington, Nigerian businessman popularly known…