BUSINESS

BREAKING: CBN takes over Skye Bank; CEO resigns

Following the decision of the Central Bank of Nigeria (CBN), to dissolve the existing boards of Skye Bank, Timothy Oguntayo, chief executive officer (CEO) of the troubled bank has resigned, with top management of the bank, including non-executive directors, resigning ...

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Lagos can never be Lagos without Gala and LaCasera

By Bayo AdeyinkaI should be in jail. Not once but many times over. More than half of the population of Lagos should also be in jail. And I think Governor Akinwumi Ambode would not have had the chance to be ...

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Nollywood plays significant role in Nigerian economy – Adeosun

The Minister of Finance, Mrs Kemi Adeosun on Friday said the Nigerian movie industry otherwise known as Nollywood, played a very important role in the country’s economy. She said this in Abuja at the film industry stakeholder’s workshop aimed at ...

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NNPC, China sign $50bn MoU on oil and gas development

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) worth 50 billion dollars with some Chinese companies for infrastructure development in oil and gas sector. The information is contained in a statement issued by the Corporation ...

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FOREX: Foreign investors want naira devalued above 300/$1

The new foreign exchange regime implemented by the Central Bank of Nigeria (CBN) saw the naira “effectively devalued” from 197 to about 283 against the dollar on the official side. The naira has lost over 30 percent of its value ...

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BREXIT: Bill Gates, Zuckerberg lose $3.4bn in 48 hours

The world’s richest man, Bill Gates and Mark Zuckerberg, co-founder of Facebook, have lost $3.4 billion to the decision of the UK voters to leave the European Union. According to Bloomberg Billionaires ranking, both men were the worst-hit billionaires in ...

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Toys On Emirates Air For Kids

Toys are one of Emirates Offerings on Air. The toys are light in weight, and soft in nature like a teddy bear, appearing in various shapes and colours as it will appeal to children, with eyes, ears, hands and legs. ...

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Buhari pays N1.6bn to 638 YouWin awardees

The Federal Government of Nigeria, has paid N1.6 billion to 638 awardees of the Youth Enterprise with Innovation in Nigeria (YouWin) programme, an initiative of the Goodluck Jonathan’s administration. There have been fears about the government of President Muhammadu Buhari ...

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N10bn debt: AMCON takes over assets of AfriJet Airlines

The Asset Management Corporation of Nigeria (AMCON), on Friday, took over the assets of Afrijet Airlines Ltd. owned by Chief Vitalis Ibe, over an unpaid debt of almost N10 billion. This is contained in a statement issued by Mr Jude ...

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Jovago now becomes Jumia Travel

Africa Internet Group is today connecting its companies into Jumia’s ecosystem with a new vision, “Expand your horizons”. The new Jumia ecosystem will give access to products and services from its leading platforms. After 4 years of successfully establishing and growing ...

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