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Business

September, 2021

  • 15 September

    Heritage Bank, others give N15.5b equipment to Julius Berger

    Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider and seven other banks have provided a total of N15.5billion to assist SCOA Nigeria Plc for the importation and supply of MAN Platform Trucks and equipment to Julius Berger Nigeria for construction of 380km Abuja-Kaduna-Kano roads and many others across the country. Specifically, Heritage Bank availed SCOA Motors an Advance Payment ...

  • 14 September

    Naira helplessly falls, now N550 to a dollar

    The Nigerian naira has further dipped in the parallel market as it now sells for a whopping N550 against the dollar, according to Aboki FX, a popular forex trading platform. The naira, which sold at N548/$1 Monday morning, now sells at N550/$1 in the evening of the same day. The local currency has continued to depreciate, despite efforts by the ...

  • 13 September

    Showbiz guru, Ola Ibironke a.k.a Dudu Heritage is dead !

    Ola Ibironke, popular music promoter and Captain of Ibadan Golf Club (IGC), is dead. Popularly called ‘Dudu Heritage, Ibironke reportedly died suddenly on Sunday night in Ibadan. The cause of death is not known, but reports said he slumped at home. Efforts to revive him failed. He was confirmed dead in hospital He was last seen in a trending video ...

  • 12 September

    Create Federal Ministry of Fulani Herdsmen now – Gumi tells Buhari

    The Scholar Islamic cleric, Sheikh Ahmad Gumi, on Friday, has called President Muhammadu Buhari to create a federal ministry of Fulani herdsmen to address the grievances of bandits and killer herders terrorising the country.Mr Gumi, a self-appointed intermediary in the ongoing crises of banditry and killer herdsmen, said in a Facebook post on Friday that bandits should be rehabilitated like ...

  • 12 September

    No plan to convert domiciliary accounts into naira —CBN

    The Central Bank of Nigeria has assured members of the public that it didn’t issue a directive to convert the foreign exchange in the domiciliary accounts of customers into naira, as falsely purported on social media. In a circular issued on Saturday, the apex bank said that it would never contemplate such line of action, adding that the speculation is ...

  • 11 September

    VAT war: FG, others face N3.9tn loss, Lagos joins Rivers legal battle against FIRS

    The Federal Government, the Federal Capital Territory and about 34 states may face revenue drop to the tune of over N3.9tn if the governments of Rivers and Lagos states begin the collection of the Value Added Tax in their respective states. The last five years alone, the Federal Inland Revenue Service, a Federal Government agency that hitherto collected VAT on ...

  • 7 September

    El Salvador becomes 1st country to make Bitcoin official currency

    History is being made today ! ..El Savador from today, Tuesday becomes the first country in the world to make Bitcoin an official legal tender, the government announced in a statement on Monday. In preparation for its adoption, the country has commenced installing Bitcoin ATMs to enable citizens to convert cryptocurrency into dollars and withdraw it in cash. This followed ...

  • 6 September

    Wazobia FM presenter, ex-wife in claims of infidelity, domestic violence

    On-Air-Personality Nedu’s estranged wife, Uzor Ohiri, has accused him of domestic violence during their marriage. Ohiri called him out on Instagram hours after Annie Idibia called out her husband, 2face, over alleged infidelity. Uzor and Nedu got married in 2013, but their marriage crashed in 2018 after they had three kids. Uzor in a series of posts shared on her ...

  • 6 September

    CBN receives 8m applications for Covid loans, disburses N400bn

    The Central Bank of Nigeria has disclosed that it has received over eight million applications from Nigerians for its COVID-19 Targeted Credit Facility to help households and businesses. CBN’s Director, Corporate Communications Department, Mr Osita Nwanisiobi, disclosed this on Saturday, while fielding questions from journalists in Enugu during a one-day interactive enlightenment session with organised labour and civil society groups ...

  • 1 September

    Forex ban: CBN directs banks to publish names of defaulters

    The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent and unscrupulous practices to obtain foreign exchange from banks. In a circular issued by the on Tuesday, the bank outlined the fraudulent practices to include the use of fake visas and cancellation of ...