Fakoyejo Olalekan

Photos: Inside Obama’s $8.1 million ‘Posh Home’

The $8.1 million mansion of the Obamas won’t make the former United States president and his family miss the White House anytime soon. Barack Obama left the White House in 2017, after completing two terms which started in 2009. He was the

March 30, 2023

Investors To Buy N150 billion-worth Of FBN Holdings Stake

Business

FG Sues First Bank Over Forgery Allegations

First Bank of Nigeria (FBN) has been sued by the Federal Government over forgery allegations that involved the financial institution’s branch manager in Utako, Abuja. The government filed the lawsuit against First Bank following an allegation of forging a tripartite legal mortgage

March 30, 2023

Eight Controversial Decisions By Godwin Emefiele As CBN Governor

Business

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

Due to the Naira redesign policy of the Central Bank of Nigeria (CBN), Nigerian farmers lost N30 billion as they struggled with the scarcity of cash. This was revealed by the President of the All Farmers Association of Nigeria, Kabir Ibrahim, in

March 30, 2023

Business

FG Says CBN’s Naira Redesign Policy Suspended Kidnappers, Bandits

The Central Bank of Nigeria’s (CBN) Naira redesign policy led to kidnappers and bandits suspending their activities, the Minister of Labour and Employment, Chris Ngige, disclosed. Ngige said the Naira redesign policy sent kidnappers and bandits on holiday even though the implementation

March 30, 2023

Railway Revenue Drops By N1.31 billion Within Three Months

Business

Chinese Bank Withdraws $22.79bn Funding For Nigeria’s Kaduna, Kano Railway Project

China Exim Bank, a government-owned bank which provides infrastructural capital for developing countries, rejected the Nigerian government’s request for a $22.79 billion loan. Nigeria made the request after the National Assembly approved it in 2020 after the Federal Government submitted the 2016–2018

March 29, 2023

Business·Markets

Dangote Cement, Oando, Other Equity Investors Pocket N250 billion

Investors went home with N250 billion gain on Wednesday, as the market capitalisation appreciated from N28.95 trillion to N29.20 trillion. Similarly, the All-Share Index recovered after gaining 479.17 basis points. It rose from 53,124.63 ASI to 53,603.8 ASI. Over 236.06 million shares

March 29, 2023

Business

Naira Scarcity: Zenith Bank’s Profit Drops to N223.91bn, Faces N967bn Lawsuits

Zenith Bank has released its financial statement for the period ended December 31, 2022, disclosing the firm’s net profit depreciated by -8.44 per cent. The lender reported that its profit after tax declined to N223.91 billion in 2022, which is N20.64 billion

March 29, 2023

Business·Sports·Technology

Paystack’s Shola Akinlade Acquires Aarhus Fremad, To Serve As Cooperative Club For Sporting Lagos

The co-founder of Nigerian financial technology firm, Paystack, Shola Akinlade, has acquired Aarhus Fremad, a Danish second-division club. In a statement released by Aarhus Fremad on Tuesday, it stated that the agreement was sealed on the same day, making it the second

March 29, 2023

Lagos Gov Sanwo-olu Under Fire Over ‘N7.5m Fragrance, N18m Christmas Chickens’

Business

Sanwo-Olu Ends 50% Cut In Lagos Bus Fares After Re-election

The Governor of Lagos State, Babajide Sanwo-Olu, has discontinued the 50 per cent reduction in the fares of government buses. Sanwo-Olu had slashed bus prices by 50 per cent on 8 February 2023 following the Naira crunch that drastically increased the cost

March 29, 2023

Business

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

The Minister of Labour and Employment, Chris Ngige, said the Nigeria Labour Congress (NLC) will suspend the planned strike slated for Wednesday, 29 March 2023. Ngige revealed at the weekly ministerial briefing at the state house in Abuja on Tuesday, 28 March

March 28, 2023

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Fakoyejo Olalekan

Photos: Inside Obama’s $8.1 million ‘Posh Home’

FG Sues First Bank Over Forgery Allegations

How Nigerian Farmers Lost N30 billion Due To CBN’s Naira Redesign Policy

FG Says CBN’s Naira Redesign Policy Suspended Kidnappers, Bandits

Chinese Bank Withdraws $22.79bn Funding For Nigeria’s Kaduna, Kano Railway Project

Dangote Cement, Oando, Other Equity Investors Pocket N250 billion

Naira Scarcity: Zenith Bank’s Profit Drops to N223.91bn, Faces N967bn Lawsuits

Paystack’s Shola Akinlade Acquires Aarhus Fremad, To Serve As Cooperative Club For Sporting Lagos

Sanwo-Olu Ends 50% Cut In Lagos Bus Fares After Re-election

NLC To Suspend Strike Action Against CBN, FG Intervenes In Dispute

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