The African Export-Import Bank has disbursed a $40m Intra-African Investment Facility to support Fidelity Bank Nigeria Plc’s acquisition and recapitalisation of Union Bank UK. The facility, provided in two tranches…
Read More Afreximbank supports Fidelity Bank’s UK expansion with $40m
Our reporter / The exodus of companies from Nigeria over hostile operating environment continued on Tuesday with Plc Guinness announced plan sell off its controlling shares to Singaporean conglomerate Tolaram…
Read More Guinness to exit Nigeria after 75 years as inflation wreaks economic havoc
Our reporter/ The The Nigerian National Petroleum Company Limited (NNPC Ltd) has denied reports in a section of the media alleging that it inflated subsidy claims by N3.3trillion. In a…
Read More NNPC denies report on Inflated subsidy claims
The Central Bank of Nigeria (CBN) on Monday assured that the banking system and depositors’ funds are safe. The apex bank’s acting spokesperson Sidi Ali Hakama, gave the assurance during…
Read More Heritage Bank Liquidation: CBN assures safety of Banking system, depositors’ funds
Our reporter/ The Organised Labour on Monday vowed not to accept any ₦62,000 or ₦100,000 “starvation wage” as the new minimum wage for Nigerian workers. Chris Onyeka, an Assistant General…
Read More Labour set to resume strike action, rejects ₦100,000 ‘starvation wage’