* Says: We can’t shut down $30bn investment in Nigeria The management of Shoprite Nigeria has…
Year: 2020
Oil prices fall over glut worries as OPEC+ set to lift output
* Bonny Light gains 1.43% Oil prices slipped on Monday over fears pertaining to oversupply as…
Kalu replies Akpabio, says NDDC didn’t pay a kobo to contractors of roads he facilitated
Chief Whip of the Senate and former governor of Abia State, Senator Orji Uzor Kalu declared…
Shoprite takes steps to pull out of Nigeria
The Cape Town-based retail outfit – Shoprite – has started a formal process to consider the…
Abia gov, Ikpeazu, sacks commissioner, suspends two council chairmen
* Keeps mum on reasons Abia State governor, Dr. Okezie Ikpeazu, has sacked his Commissioner for…
Atiku asks Buhari, APC to apologise to Nigerians over ‘humongous’ loans
Former Vice President, Alhaji Atiku Abubakar, has asked President Muhammadu Buhari and the All Progressives Congress…
Banks raise lending rate to 30 per cent
* Miserly in interest payment on depositors’ funds Customers are paying more on loans and getting…
Forex scarcity killing manufacturing sector, LCCI cries out
The liquidity crisis in the foreign exchange (forex) market is becoming increasingly unbearable as many businesses…
NDIC to revoke licences of 37 microfinance banks
The Nigeria Deposit Insurance Corporation (NDIC) may have concluded plans to revoke the operating licences of…
Nigeria records 304 new cases of COVID-19, total now 43,841 with 888 deaths
Nigeria on Sunday night recorded 304 fresh COVID-19 cases. The Nigeria Centre for Disease Control (NCDC),…