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Saturday, November 16, 2024

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Business

CBN orders First Bank to recover loans from Honeywell Flour Mills

The Central Bank of Nigeria (CBN) has turned down First Bank of Nigeria’s (FBN’s) loan restructuring for Honeywell Flour Mills and subsequently directed the...

Adeduntan resumes as FirstBank CEO

First Bank of Nigeria (NAN) on Friday confirmed that Dr Adesola Adeduntan had resumed as the Chief Executive Officer in line with the directives...

Reps ask CBN to suspend deadline for Micro Finance Bank recapitalisation

The House of Representatives have asked the Central Bank of Nigeria (CBN) to immediately suspend the recapitalisation of Microfinance Banks (MFBs). This followed the adoption...

OMAA unveils Nigeria’s first locally assembled gas-powered buses

The Federal Government’s autogas scheme has received a boost with the rollout of Nigeria’s first locally assembled natural gas-powered buses by an indigenous energy...

Arrears settlement: EEDC offers 30 per cent discount to customers

The Enugu Electricity Distribution Company (EEDC) says it has started arrears settlement scheme with about 30 per cent discount for its customers. This is contained...

Don says nothing wrong if CBN prints money to augment revenue

A professor of Economics, Lanre Olaniyan, says there is nothing untoward about the CBN printing money to augment Federal Government’s revenue. Olaniyan told the News...

NACCIMA calls for urgent action to address spiralling inflation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called for urgent action to address the underlying causes of the...

Inflation: LCCI urges FG to focus on supply-side constraints

The Lagos Chamber of Commerce and Industry (LCCI) has advised the Federal Government to address the challenges constraining the supply side of the economy...

Ganduje, others reconcile Dangote, BUA over sugar plant

Gov. Abdullahi Ganduje of Kano state has waded into the dispute between Dangote and BUA companies owned by two business moguls from the state. This...

Twitter reveals reasons for option of Ghana as Africa office

Microblogging and social networking service provider, Twitter, has explained why it chose to locate its Africa office in Ghana and not Nigeria. Twitter has recently...

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