Tuesday, April 16, 2024

Business

Blackout: Collapse grid fully restored

The Transmission Firm of Nigeria (TCN) says it has totally restored the collapsed nationwide electrical energy grid. The TCN Normal Supervisor, Public Affairs, Ndidi Mbah, disclosed this in a press...

Abuja commuters, taxi drivers decry increasing cost of living

As the price of residing will increase within the Federal Capital Territory (FCT), Abuja, commuters and taxi drivers have expressed frustrations over the pressure...

Why crude production fell in Q1

The Nigerian authorities has attributed the crude oil manufacturing shortfall recorded within the first quarter of the yr to points encountered on the Trans...

Stop using forex as collateral for Naira loans, CBN warns bank customers

The Central Financial institution of Nigeria (CBN) has warned financial institution prospects to desist from utilizing overseas foreign money as collateral for naira loans. Appearing...

UBA’s annual profit surges 257% to N608 billion

United Financial institution for Africa (UBA) posted a file N607.7 billion in annual web revenue after important improve in curiosity earnings and international trade...

Athletes intensify preparations ahead of Nigeria Oil and Gas Industry Games in Abuja

Athletes representing numerous corporations taking part within the nineteenth Nigeria Oil and Fuel Trade Video games have heightened preparations as numerous groups are at...

Zenith Bank’s annual profit leaps threefold to N677 billion

Zenith Financial institution Plc posted a jumbo web revenue of N676.9 billion for final 12 months, its strongest on document, bettering the underside line of...

CBN prohibits use of foreign currency collateral for Naira loans

The Central Financial institution of Nigeria (CBN) on Monday issued a directive to all banks prohibiting the usage of international forex as collateral for...

How Multichoice Nigeria was defrauded of N7.9 billion

Multichoice Nigeria Restricted, an organization engaged within the provision of satellite tv for pc tv companies throughout Africa, was defrauded of the entire sum...

NERC issues new directives to DisCos

The Nigerian Electrical energy Regulatory Fee (NERC) has issued new directives to the electrical energy distribution corporations (DisCos) on the implementation of the April...

Court strikes out money laundering charges against Bobrisky

Justice Abimbola Awogboro of the Federal Excessive Court docket in Lagos on Friday afternoon struck out the cash laundering allegations (counts 5 and 6)...