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NDIC Lists Heritage Bank’s Head Office For Sale

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CBN Revokes Heritage Bank License

The Nigeria Deposit Insurance Corporation has listed the head office in Lagos and branches of failed Heritage Bank across the country for sale in its role as liquidator of the bank. NDIC announced the sale of the bank properties numbering 48 and its chattel including vehicles, office equipment, plant, and machinery in another 62 locations across the country in an...

5,000 Ginger Farmers Get FG Support

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5,000 Ginger Farmers Get FG Support

The Federal Government through the National Agricultural Development Fund, NADF, has provided agricultural inputs as a form of intervention to smallholder ginger farmers in Kaduna State following the effect of ginger blight disease on their farms across seven local government areas. About 5,000 smallholder farmers made losses during the 2023 farming season due to the effect of ginger blight disease...

Dangote Refinery Announces Fresh Date To Commence Fuel Supply In Nigeria

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Dangote Refinery Announces Fresh Date To Commence Fuel Supply In Nigeria

Dangote Refinery has announced July 10–15, 2025, as the new date to commence supply of Premium Motor Spirit (fuel) to the Nigerian market. The President of Dangote Group, Aliko, disclosed this recently during a tour of the 650,000 barrel per day capacity Refinery by the Governor of Lagos State, Babajide Sanwo-Olu. The new date comes after the refinery had earlier announced...

MultiChoice To Appeal Tribunal’s N150m Fine, Free Subscription Order

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Tribunal Fines Multichoice Nigeria N150 Million, Orders Free One-Month DStv, GOtv Subscriptions

MultiChoice Nigeria has said it will appeal Friday’s ruling of the Competition and Consumer Protection Tribunal in Abuja, which awarded a N150 million fine against it for challenging the court’s jurisdiction. The News Agency of Nigeria (NAN) reports that the tribunal had fined MultiChoice Nigeria the sum of N150 million for disobeying its order. The order had restrained the pay-TV company from...

Presidency Refutes Reports Of Finance Minister’s N105,000 Minimum Wage Proposal

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Presidency Refutes Reports Of Finance Minister's N105,000 Minimum Wage Proposal

The presidency on Thursday, June 6, dispelled rumours surrounding an alleged proposal by the minister of finance and coordinating minister of the economy, Wale Edun, suggesting a N105,000 minimum wage for Nigerian workers. The special adviser to the president on information and strategy, Bayo Onanuga, on his X platform refuted the claim, saying that such a proposal was never put...

CBN Revokes Heritage Bank License

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CBN Revokes Heritage Bank License

The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect.  The CBN said the action became necessary due to the bank’s breach of Section 12 (1) of the Banks and Other Financial Act BOFIA, 2020. The apex bank also said the board and management of the bank have not been able to improve the...

FG Has Secured $30bn Investment In Last One Year, Says Minister Of Trade And Investment

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Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite said Nigeria had secured an investment commitment of over $ 30 billion in the last one year. She spoke on plans to establish commercial courts across the country to adjudicate business cases. She said the government had approved N430 million to fix the Lagos International Trade Fair Complex, adding that the complex...

Tinubu’s Implementation Of Fuel Subsidy Removal, Coup In Niger Was Poor — Obasanjo

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Obasanjo Visits IBB, Abdulsalami, Says I Have National Agenda Not Special Candidate

Former President Olusegun Obasanjo has knocked the administration of President Bola Tinubu over poor implementation of the removal of subsidy from petroleum products as well as the floating naira. Obasanjo said though the policies were necessary, they were wrongly implemented. According to a statement made available to journalists on Sunday by his Special Assistant on Media, Kehinde Akinyemi, Obasanjo also condemned...

Nigeria Spending $25bn On Petrol Importation Yearly – Shettima

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Vice-President Kashim Shettima has revealed that Nigeria spends $25 billion per annum on the importation of petroleum products. He said that the importation of fuel would soon be forgotten as the government of President Bola Tinubu is making efforts to make life comfortable for Nigerians. Shettima made this known at the Vanguard Economic Discourse themed ‘Reforms in the Era of Global...

King Apostle Chibuzor Signs Multi-Million Dollar Investment Deals In Italy, Set To Transform Abia

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King Apostle Chibuzor Signs Multi-Million Dollar Investment Deals In Italy, Set To Transform Abia

In a landmark achievement, His Royal Majesty King Apostle Chibuzor Gift Chinyere, Founder/General Overseer of Omega Power Ministries (OPM) and King of Ikwuorie Autonomous community in Ohanku Ndoki Ukwa East Local Government Abia State, has signed a multi-million dollar foreign investment deals in Milan, Italy, ABN TV reports. King Chinyere, who has been on a three-week investment drive, visited Taiwan,...

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