Author: Olabanji Ayoola

Mrs. Yemisi Edun – FCMB Managing Director Small and Medium Scale Enterprises (SMEs) can now quickly access from N5 million to N100 million to purchase equipment needed to grow and expand their businesses, courtesy of First City Monument Bank (FCMB) SME Asset Finance Facility. So far, over 25,800 SMEs have accessed this facility. FCMB has […]

Holders of domiciliary accounts now have unfettered access to operate their accounts, following the Central Bank of Nigeria (CBN)’s decision to lift restrictions. As a result of this action taken at an extraordinary Bankers’ Committee meeting on Friday, deposits into and withdrawals from the foreign currency accounts are open. A domiciliary account holder can make […]

The apex Igbo socio-cultural group, the Ohaneze Ndigbo Worldwide, has expressed concern over what it described as a high level of propaganda and fake news by some persons following the notice of demolition of some distressed buildings in the Alaba International Market in Ojo Local Government of Lagos State, dominated by Igbo traders. Following the […]

Shortage of electricity supply has been taking a huge toll on the profitability of manufacturers, with a yearly economic loss valued at about N10.1 trillion or two percent share of Nigeria’s Gross Domestic Product (GDP). Making this known at the weekend, the Manufacturers Association of Nigeria (MAN) lamented that the unfavourable situation in the power […]

The immediate past President of the Court of Appeal, Justice Zainab Bulkachuwa, has defended her integrity in the course of performing her duties as a judicial officer. She was reacting to a comment by her husband, erstwhile Senator Adamu Bulkachuwa, that he obtained favours from her on behalf of some lawmakers. Justice Bulkachuwa said she […]

Rivers State Governor, Siminialayi Fubara, and former Governor, Nyesom Wike, during the inauguration of Fubara in Port Harcourt. Photo: NAN Former Governor of Rivers State, Nyesom Wike, has said there were so many political gangs up against him, including poisoning that led to his liver and kidney failure, but he said he survived all. The […]

• Seek measures to mitigate impact Despite initial challenges faced by Nigerians over the removal of subsidy on Premium Motor Spirit (PMS), experts in the business and energy sectors have highlighted the long-term benefits of the policy. The recent decision to eliminate the petrol subsidy has caused a surge in prices, leading to higher transportation […]

• TUC: We are ready to cooperate with govt • NLC: Implementation of promises should be prompt • Okon: Trust deficit by government a challenge As the Federal Government and labour unions return to the negotiation table today to resume talks over the implementation framework of resolutions reached on June 5, stakeholders have urged the […]

• Tinubu, NERC at crossroads as naira floating, inflation disrupt MYTO • Energy cost may push households, SMEs’ spending to 70% amid unavailable electricity • Stakeholders raise concerns over impacts on economy, poverty Nigerians may need to brace up for tougher times as electricity tariff is set to increase by over 40 percent in the […]