Jim Obazee, the investigator appointed by President Tinubu to probe the Central Bank of Nigeria (CBN), has encountered resistance from Babatunde Lemo and other top officials of Titan Trust Bank (TTB) Ltd amid questions about his authority to summon individuals for questioning. Lemo, who serves as Titan Trust’s chairman, and Cornelis Vink, its chief executive,…
The Nigerian House of Representatives has put forward a bill that aims to make the delayed or failed payment of employees’ salaries by employers and corporate entities a criminal offense in the country. Sponsored by Wale Hammed, a House member representing the Agege Federal constituency in Lagos State, the bill, titled ‘The Employees Remuneration Protection…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, recently announced that the committee has developed a new tax regulation, which is set to amend existing laws. Speaking at a stakeholders’ forum organized by the Harvard Business School Association of Nigeria in Lagos, Oyedele revealed that the regulation is part…
The Nigerian Naira faced a significant decline, hitting a new low on Thursday, December 28th, 2023, closing at N1,043.09 per dollar in the official market. This represents a 16.35% depreciation from its previous closing rate, raising concerns just days before the new year. This is the second time the Naira has crossed the N1,000/$ threshold,…
Emmanuella Olofu, a journalist in Abuja, experienced a shocking incident when she tried to pay her taxi fare using her mobile banking app, only to find her savings depleted. Despite a friend’s attempt to send her money, which also disappeared, her bank has not resolved the issue. This case is just one of many instances…
Zenith Bank Plc has been honored with the title of “Best Bank for Digital Solutions in Nigeria” at the prestigious Euromoney Awards for Excellence 2023. This recognition highlights the bank’s exceptional accomplishments and innovative approach in providing advanced digital financial solutions. Dr. Ebenezer Onyeagwu, the Group Managing Director/CEO of Zenith Bank Plc, expressed his delight…
For Nigerians, 2023 was a year marked by significant events that left lasting impressions. From political milestones to global developments, the year was filled with both triumphs and challenges that shaped the country’s narrative. Here’s a look back at some of the key moments that defined the year: 2023 General Elections The general elections in…
Alhaji Abdul-Samad Rabiu, the Chairman of BUA Group, has reiterated the company’s pledge to maintain the price of cement at N3,500 per bag starting from January 2024. This assurance comes as part of BUA Group’s efforts to ensure that cement remains accessible and affordable to consumers, despite the challenges faced by the industry. Speaking to…
The Canadian government has reintroduced two immigration programmes, inviting caregivers to apply for relocation to Canada from January 1, 2024. These programmes, which will run as five-year pilots, offer qualified caregivers and their families the opportunity to become permanent residents in Canada. The Home Child Care Provider Pilot and the Home Support Worker Pilot aim…
Nigeria’s total public debt stock has reached N87.91 trillion (equivalent to 114.35 billion dollars) as of September 30, as reported by the Debt Management Office (DMO) in Abuja on Wednesday. This amount encompasses the combined domestic and external debts of the federal government, the 36 state governments, and the Federal Capital Territory (FCT). The latest…