Management Debunks Sale Of Polaris Bank
The management of Polaris Bank has discredited an online report on the purported sale of the bank by the Central Bank of Nigeria (CBN) to private individual for N40 billion. The management ofnthe bank debunked...
Beware Of Scammers’ Tricks, Chevron Warns Job Seekers
Chevron Nigeria Limited (CNL) has advised job seekers to always check its website and national newspapers for job advertisements. Mr. Esimaje Brikinn, the company’s General Manager, Policy, Government and Public Affairs, gave the advice in...
NCAA Suspends Dana Air Operations With Immediate Effect
The Nigerian Civil Aviation Authority (NCAA) has suspended Dana Airlines’ Air Transport Licence (ATL) and Air Operator Certificate (AOC) indefinitely, with effect from midnight of Wednesday, July 20, 2022. This is contained in a statement...
NGX: Equities Market Loses N66bn
The equities market of the Nigerian Exchange Ltd. (NGX) depreciated by N66 billion on Wednesday, driven by gains recorded by 12 companies and 22 losers. Specifically, the market capitalisation opened for trading at N28.208 trillion...
Jet-A1, Forex Scarcity: Airline Operators Raise Alarm Over Shutdown
The Airline Operators of Nigeria (AON), has raised the alarm over new developments that are threatening smooth operation of air transport in the country. AON said the new challenges have the capacity to cause a...
CBN, MPC Plan New Direction For Monetary Policy
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the Monetary Policy Committee will chart a new course for an improved monetary policy and Central Bank of Nigeria (CBN) that...
First Bank Launches Single-digit Loan For Female Entrepreneurs
First Bank of Nigeria Ltd. has announced the launch of the FirstGem fund (FirstGem loan) a single-digit loan scheme, targeted at female entrepreneurs. Mrs Folake Ani-Mumuney, the bank’s Group Head, Marketing and Corporate Communications, made...
MTN, NCC To Rollout 5G August 24
Nigeria on Thursday confirmed that it would roll out 5G network by Aug. 24. The mobile Operator disclosed this at the 90th edition of the telecom consumer parliament, organised by the Nigerian Communications Commission, NCC...
N589bn Collected As VAT In Q1 2022 – NBS
The National Bureau of Statistics (NBS) says that on the aggregate, Value Added Tax (VAT) collection stood at N588.59 billion in the first quarter of 2022. It stated on Friday in Abuja that the collections...
Stock Market Remains Bullish, Capitalisation Gains N1bn
The Nigerian stock market extends its bullish run to close at N28.719 trillion from the N28.619 trillion recorded on Monday, an increase of N1 billion or 0.35 per cent. The All-Share Index (ASI) also rose...
Titan Trust Bank Completes Takeover Of Union Bank
Union Bank Plc on Thursday said it had completed its core investors’ sale of a majority shareholding to Titan Trust Bank Ltd., a subsidiary of TGI Group. In a statement signed by Somuyiwa Sonubi, the...
CBN Reviews Operations Of NIBBS Instant Payments System, Others
The CBN has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations. This is contained in a circular by Musa Jimoh, Director, Payments System Management Department of the bank. Jimoh...
Naira Gains At Investors And Exporters Window By 0.18%
The Naira on Tuesday exchanged at 419.50 to the dollar at the Investors and Exporters window, compared to 420.25 traded on Monday, representing 0.18 per cent appreciation. The open indicative rate closed at N418.58 to...
