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Owner Of Chinese Supermarket Accused Of Discrimination Flees Premises With Family
The workers at an Abuja-based Chinese supermarket revealed on Monday that the owner, Cindy Liu Bei, along with her family, has fled from...
BusinessNews
NERC Hands Regulatory Oversight to Enugu Electricity Commission
The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Enugu State to the Enugu State Electricity Regulatory...
BusinessFinanceNews
CBN Reduces Banks’ Loan-to-Deposit Ratio to 50%
The Central Bank of Nigeria (CBN) has slashed banks’ Loan-to-Deposit Ratio (LDR) from 65% to 50% to enhance lending to the real sector...
BusinessNews
Soldiers in Custody Over Alleged Theft of 897 Armoured Cables at Dangote Refinery
The Nigerian Army has detained two soldiers accused of stealing armoured cables at the Dangote refinery, according to a statement released on Wednesday...
BusinessFinanceNews
CBN reduces commercial banks access to loans by 50%
The Central Bank of Nigeria (CBN) has reduced the loan-to-deposit ratio (LDR) for commercial banks from 65% to 50% as a means to...
BusinessNews
CBN is Largely Depleting Nigeria’s Dollar Reserves to Improve Naira – Bloomberg
Nigeria’s foreign exchange reserves are dwindling at an alarming rate as reported by Bloomberg. Since March 18, the country’s liquid reserves have reportedly...
BusinessFinanceNews
Wema Bank Reports Fraud Losses Amid Impressive Growth for 2023
Wema Bank, a Nigerian tier-2 financial institution holding ₦1.8 trillion ($1.6 billion) in consumer deposits, reported ₦685 million ($594,943) in fraud and forgery...
BusinessNewsPoliticsWorld
US raises concern over increasing number of oil-rich countries joining BRICS
The United States National Security Advisor, Jake Sullivan, has reacted to the increasing number of oil-rich countries, including Middle Eastern countries, positioning to...
BusinessFinanceNews
Vietnamese Real Estate Tycoon Sentenced to Death for $27 Billion Bank Fraud
Vietnamese real estate mogul Truong My Lan was sentenced to death by a court in Ho Chi Minh City, Vietnam, for her role...
BusinessNewsTravel
‘We’re being deliberately frustrated’ – Air Peace Chairman raises alarm over price slash
The Chairman of Nigerian Air Peace, Allen Onyema, has raised the alarm over an alleged conspiracy among foreign carriers operating the Nigeria-UK route...
BusinessNews
Lagos Govt. Shuts Down Several Markets After Fire in Dosumu Affect 14 Buildings
The Lagos State Government has decided to close several markets in response to recent fire outbreaks in the state’s central area. Following a...