Bravura Holdings Ltd – owned by Nigerian billionaire, Benedict Peters, has made plans to dig a platinum mine in Zimbabwe with at least a billion dollars, in a report credited to Bloomberg News. The Platinium mine is located in Selous, not too far from the south of Zimbabwe’s capital – Harare, and close to present […]
A customer of Unity Bank Plc, Innocent Okafor and his company, Lexin Agric and Cycles Limited have renewed their legal battle against the financial institution over excessive and illegal charges. The plaintiffs are claiming the sum of N70million being special damages arising from excessive wrongful charges and loss of business profit. The plaintiffs are claiming […]
The Corporate Affairs Commission (CAC) says it has deregistered a company with the business name, “Enough is Enough”. The company name is very similar to Enough is Enough Nigeria (EiE), a civil society organisation which had promoted the #EndSARS protests. The youth had taken to the streets in October to demonstrate against police brutality and […]
Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have been ordered to down tools nationwide. Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria were ordered by the association to vacate their duty posts. The order was issued […]
Just before the US election, members of the World Trade Organisation (WTO) elected Ngozi Okonjo-Iweala to be the next director-general of the global trade body. But her nomination was opposed by the Donald Trump-led administration. With Trump now sitting as a “lame-duck” president until January 2021, the incoming administration to be led by Joe Biden, […]
European stock markets shot higher at the start of trading on Monday after Joe Biden won the US presidential election. London’s benchmark FTSE 100 index jumped 1.5 percent to 5,997.28 points following strong gains across Asia overnight. In the eurozone, Frankfurt’s DAX 30 rallied 1.7 percent to 12,697.15 points and the Paris CAC 40 climbed […]
The World Trade Organisation has postponed a meeting where members are expected to pick a new Director-General after the United States blocked the favoured candidate, Ngozi Okonjo-Iweala. The WTO earlier announced that the meeting would hold next week. But a communication seen by AFP showed that the meeting has been postponed indefinitely. “It has come […]
Lending by banks to consumers fell cumulatively by 11 percent or N100 billion to N1.4 trillion over two months – July and August 2020 – driven by pressure to curtail rising bad loans. Bankers said the development was prompted by the impact of the COVID-19 pandemic as well as rise in bad loans in the […]
The Federal Government on Wednesday said it was willing to resume oil exploration in the Lake Chad Basin . The exercise was suspended by the government in July 2017 after suspected members of Boko Haram attacked a team of geological engineers from the University of Maiduguri who were engaged by Nigeria National Petroleum Corporation to […]
As the Federal Government has promised to distribute over six million electricity meters free to Nigerians, President Muhammad Buhari has assured that his administration will end the estimated billing regime in electricity supply in the country. The President gave the assurance Wednesday evening in a thread of tweets on his verified Twitter handle, @MBuhari, saying […]
