Prepare for recession, World bank warns CBN
The World Bank on Thursday issued a warning to the Central Bank of Nigeria and other central bank across the world that they should prepare for a recession following reoccurring…
CBN responsible for export exchange rate – NCS
The Nigeria Customs Service said the Central Bank of Nigeria is responsible for the exchange rate increase on imported goods. According to the Nation, NCS said this in a statement…
Shell CEO Ben van Beurden to resign 2023
Shell announced that CEO Ben van Beurden will step down at the end of the year after nearly a decade of holding the position. According to Reuters, Wael Sawan will…
California sues Amazon for alleged price inflation
California filed a lawsuit Wednesday accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law. Amazon pressures…
Ford unveils new gasoline-powered Mustang
Revealing that there are exceptions to Detroit's electric vehicle push, Ford Wednesday unveiled its seventh-generation Mustang, a gas-powered sedan that the Michigan company suggested could be the best yet. The…
Customs seize 80,000-litre tankers with adulterated diesel
Officials of the Nigeria Customs Service have seized two tankers filled with adulterated 80,055 litres of Automotive Gas Oil, popularly called diesel, in the Ijebu-Ode area of Ogun State. According…
Senate probes Niger Delta oil theft
The Senate Adhoc Committee commenced an investigation into oil theft and illegal bunkering activities in the Niger Delta region. According to The PUNCH, this was disclosed by the Chairman of…
Oil production: Angola, Libya overtake Nigeria, says OPEC
The Organisation of Petroleum Exporting Countries has disclosed that Angola and Libya have overtaken Nigeria after oil production in the West African country plunged to 972,000 barrels per day in…
Tax evasion: Kogi govt seals First Bank branches
Kogi State Government has sealed all branches of First Bank Nigeria PLC operating in the state following an order by a High Court sitting in Lokoja. The order was carried…
Dangote group moves to curb illegal haulage
Dangote Group has revealed plans to put an end to the activities of some of its drivers whose activities pose an immense danger to other road users. According to Leadership,…
Passport issuance hits 1.059m as more Nigerians relocate
Findings have revealed that the number of passports issued by the Nigeria Immigration Service rose by 38percentt between 2020 and 2021. According to the PUNCH, this is an increase…
Banks reduce forex sales as scarcity persists
Findings have revealed that Banks have started to limit Personal Travel Allowance and Business Travel Allowance clearance requests to legitimate users. According to The PUNCH, legitimate users will be able…
