JUST IN: CBN revokes Heritage Bank’s operating licence
The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial…
Why Africa hasn’t built any refinery in 35 years — Dangote
Africa’s richest person and Chairman of the 650,000 barrels per day Dangote Refinery, Lekki, Lagos State, Aliko Dangote, has pinned the inability of African governments to built a…
IATA confirms repatriation of 98% of airlines funds trapped in Nigeria
The International Air Transport Association (IATA) has confirmed that about 98% of airlines trapped funds amounting to $831million in Nigeria has been successfully repatriated by the international carriers. This…
Lagos civil servants told to stay away from work starting today
The Association of Senior Civil Servants of Nigeria (ASCSN), Lagos Branch has ordered all workers under the employ of the Lagos State Government to join Labour strike, which starts…
Mbappe signs deal with Real Madrid
France forward Kylian Mbappe is set to finalise his move to Champions League winners, Real Madrid. The 25-year-old has signed a contract to join the Spanish giants on a…
JUST IN: Labour unions shut down power grid as strike begins
The Transmission Company of Nigeria has announced the complete shutdown of Nigeria’s power grid by labour unions as the strike by the Nigeria Labour Congress and Trade Union Congress…
Economy heading in right direction – Finance minister
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has declared that Nigeria’s economy is experiencing an appreciable growth that may see the high inflation in…
Geregu, Siemens partner to raise firm’s overall power generation capacity to 1,200mw
Nigeria’s foremost power generation solutions provider, Geregu Power Plc and Siemens Energy have signed a Memorandum of Understanding (MoU) to jointly develop solutions for capacity expansion at the Geregu…
No division within the presidency… I revere Onanuga, says Ajuri Ngelale
Ajuri Ngelale, special adviser to President Bola Tinubu on media and publicity, says there is no division or confusion among the ranks of the presidential spokespersons. Ngalele spoke in…
Air France blames Chad incident on heavy storm
Air France says a heavy thunderstorm caused the flight disruption which left Nigerian passengers stranded in Chad. On June 1, Festus Keyamo, minister of aviation and aerospace development, had…
