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Sunday, December 22, 2024

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Business

CBN Loans To Banks Drop By 6% To N1.8trn

Loans from the Central Bank of Nigeria (CBN) to banks dropped by 6.7 per cent to N1.8 trillion last week. LEADERSHIP can authoritatively reveal that...

Ecobank Shuts Down 74 Branches

  Ecobank Nigeria has announced that 74 of its branches have been merged. It said staff from the merged branches would be deployed to other projects. Managing...

CBN Injects $100m Into Forex Market As Naira Depreciates

The Central Bank of Nigeria (CBN) on Thursday said it had offered 100 million dollars to authorised dealers as its intervention to stabilise the...

Dangote’s New Pasta Products To Compete With Rice

In a major strategic move to grow its market equity in Africa, Dangote Flour has unveiled new improved pasta products called ‘Ecccellente’. The re-vamped Pasta,...

CBN To Stop Bank Accounts Without BVN From August 1

The Central Bank of Nigeria,CBN, said all customers without Bank Verification Number, BVN, linked to their bank accounts will not be allowed to make...

Aero Contractors Explains Why Its Plane Engulfed In Smoke

The management of Aero contractors has explained the incident that led to the smoke in the flight NG316 from Port Harcourt International airport to...

Access Bank Gets New Group Deputy Managing Director

Access Bank Plc has announced the appointment of Mr. Roosevelt Michael Ogbonna, as Group Deputy Managing Director to replace Mr. Obinna Nwosu who recently...

Manufacturers Urge CBN To Raise Special Window Allocation To SMEs To $100,000

Mr Wale Adegbite, the Chairman, Manufacturers Association of Nigeria (MAN) in  Ogun, has advised the Central Bank of Nigeria (CBN)  to increase the special...

Shell Admits Dealing With Nigerian Money Launderer

Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria. It comes...

Shell Corruption Probe: New Evidence Against Former President Goodluck Jonathan Government On Oil Payments

The BBC has seen evidence that top executives at Shell knew money paid to the Nigerian government for a vast oil field would be...

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