The Governor, Central Bank of Nigeria, Godwin Emefiele, has announced that the bank would release re-designed Naira notes by December 15, 2022. He also said that existing notes would seize to be regarded as legal tender by January 31, 2023. Emefiele disclosed this during a press briefing in Abuja on Wednesday. The CBN said […]
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the bank will release $120 million to settle outstanding trapped funds of international airlines operating in the country. Mr Emefiele disclosed this on Monday during a meeting between the leadership of the House of Representatives, International Air Transportation Association, Airlines Operators of […]
GUO Motors Limited is a popular name in transportation and haulage services. Being in the News for wrong reasons can hamper on a built business empire no matter its networth. Chido Cargo and Logistics Services LTD is a super brand in haulage business known for their integrity and trust in business. Ndigbo are known […]
The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the government’s equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’). This is even as the House of Representatives on Wednesday okayed […]
The government of Kogi State has initiated legal action against Dangote Industries Limited, the parent company of Dangote Cement Plc over the ownership of its cement plant in Obajana, a town located in the Oworo district of the Lokoja Local Government Area. According to a copy of the originating summons marked HcL/8T/2022, and made […]
The Kogi house of assembly has summoned BUA Group, a cement manufacturing firm, over a 50,000-hectare land it acquired 10 years ago — but is allegedly yet to pay for. The house issued the summon on Monday at a public hearing of one of its ad-hoc committees held in a hotel in Lokoja due […]
The Ghanaian cedi has become the worst performing currency in the world after it lost 45.1 percent of its value to the US dollar this year. According to Bloomberg, the currency of the world’s second-biggest cocoa producer depreciated 3.3 percent on Monday to 11.2750 per dollar. The media company said the cedi’s poor performance […]
The Dangote Cement Plant located in Obajana, Kogi State, has been reopened after being closed by the Kogi State Government over issues bordering on the legality of the company’s acquisition of the defunct Obajana Cement Company. The development followed an order by the National Security Council on Friday directing the reopening of the cement […]
The Kogi State Government said on Friday that it had not reached any agreement with the Dangote Group concerning the ownership of the Obajana Cement Plant. The plant, located in Obajana, Kogi State, has been a subject of controversy as both parties claim to be the legitimate owners of the plant. In a new […]
President Muhammadu Buhari President Muhammadu Buhari has directed that Dangote Cement factory in Obajana, Kogi State, be reopened with immediate effect. Buhari gave the directive while presiding over the National Security Council (NSC) meeting held at the Council Chambers of the State House, Abuja on Friday. The Minister of Police Affairs, Mohammed Dingyadi, joined […]
