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Category: Breaking

Abdulwaheed Odusile Appointed as CEO of KAFTAN Television
BreakingLocal

Abdulwaheed Odusile Appointed as CEO of KAFTAN Television

Qbdulwaheed Odusile, the former Commissioner for Information and Strategy in Ogun State, has been appointed as the new Chief Executive…

byayotilewaMarch 6, 2024March 6, 2024
Final Farewell to Herbert Wigwe: Political and Business Leaders Pay Tribute
Breaking

Final Farewell to Herbert Wigwe: Political and Business Leaders Pay Tribute

The Eko Hotel in Lagos witnessed an evening filled with deep emotions as political and business leaders, friends, family, and…

byayotilewaMarch 5, 2024March 5, 2024
BREAKING: MTN Nigeria Incurs N740 Billion In Forex Losses, Shareholders Funds Wiped Out
Breaking

BREAKING: MTN Nigeria Incurs N740 Billion In Forex Losses, Shareholders Funds Wiped Out

MTN Nigeria Plc has recorded a significant loss before tax amounting to N177.8 billion, attributing the losses to a substantial…

byayotilewaMarch 1, 2024April 4, 2024
Forex Crisis: FG Slaps $10 Billion Fine on Binance
BreakingBusiness

Forex Crisis: FG Slaps $10 Billion Fine on Binance

The Federal Government has imposed a $10 billion fine on cryptocurrency platform Binance, accusing it of exacerbating Nigeria’s forex crisis.…

byayotilewaMarch 1, 2024March 1, 2024
House of Rep Cautions Tinubu on Orosanye Report Implementation
BreakingLocal

House of Rep Cautions Tinubu on Orosanye Report Implementation

The House of Representatives has cautioned the Bola Tinubu-led presidency against hastily implementing the Orosanye Report, urging thorough review before…

byayotilewaMarch 1, 2024March 1, 2024
JUST IN: MPC Raises Interest Rate To 22.5%
BreakingBusinessLocal

JUST IN: MPC Raises Interest Rate To 22.5%

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark…

byayotilewaFebruary 27, 2024February 27, 2024
Geometric Power Plant in Aba Gets Commissioned by Pres. Tinubu Today
BreakingBusinessLocal

Geometric Power Plant in Aba Gets Commissioned by Pres. Tinubu Today

Today, February 26, 2024, marks a historic moment for Aba as President Bola Tinubu commissions the Geometric power plant, the…

byayotilewaFebruary 26, 2024February 26, 2024
Hafsat Bakari Appointed CEO of Nigerian Financial Intelligence Unit
BreakingBusinessLocal

Hafsat Bakari Appointed CEO of Nigerian Financial Intelligence Unit

President Bola Tinubu has appointed Hafsat Bakari as the Chief Executive Officer (CEO) of the Nigerian Financial Intelligence Unit (NFIU).…

byayotilewaFebruary 21, 2024February 21, 2024
NARTO Suspends Nationwide Strike
BreakingBusinessLocal

NARTO Suspends Nationwide Strike

The Nigerian Association of Road Transport Owners (NARTO) has decided to halt its plans for a nationwide strike and instructed…

byayotilewaFebruary 21, 2024February 21, 2024
Geometric Power Plant in Aba to be Commissioned Feb 26
BreakingBusinessLocal

Geometric Power Plant in Aba to be Commissioned Feb 26

The commissioning of the 181-megawatt Geometric Power plant in Aba, Abia State, originally slated for February 24, has been rescheduled…

byayotilewaFebruary 21, 2024February 21, 2024
Nigeria Implements 30-Second Biometric Clearance Gates at International Airports
BreakingLocal

Nigeria Implements 30-Second Biometric Clearance Gates at International Airports

In line with international standards and best practices, the Nigerian federal government has introduced 30-second biometric clearance gates at all…

byayotilewaFebruary 20, 2024February 20, 2024
Protests Emerge in Ibadan Over Economic Hardships
BreakingBusinessLocal

Protests Emerge in Ibadan Over Economic Hardships

Residents of Ibadan, Oyo State, took to the streets on Monday to express their grievances regarding the economic challenges prevailing…

byayotilewaFebruary 20, 2024February 20, 2024
FG Engages US in Investigation of Chopper Crash Involving Nigerian CEO
BreakingBusinessLocal

FG Engages US in Investigation of Chopper Crash Involving Nigerian CEO

The Nigerian government has initiated discussions with the United States regarding the investigation into a tragic chopper crash that claimed…

byayotilewaFebruary 13, 2024February 13, 2024
Access Holdings Appoints Bolaji Agbede as Acting CEO Following Herbert Wigwe’s Passing
BreakingBusinessLocal

Access Holdings Appoints Bolaji Agbede as Acting CEO Following Herbert Wigwe’s Passing

Access Holdings Plc has swiftly responded to the unexpected passing of its former Group Chief Executive Officer, Dr. Herbert Wigwe,…

byayotilewaFebruary 13, 2024February 13, 2024
Access Holdings CEO Herbert Wigwe Feared Dead in Helicopter Crash
BreakingBusinessFinanceLocal

Access Holdings CEO Herbert Wigwe Feared Dead in Helicopter Crash

Tragedy struck as a helicopter carrying Herbert Wigwe, the Chief Executive Officer of Access Holdings, crashed in California, United States…

byayotilewaFebruary 10, 2024March 26, 2024
Court Orders FG to Fix Prices of Petrol, motorcycles, Others
BreakingCommoditiesLocal

Court Orders FG to Fix Prices of Petrol, motorcycles, Others

A Federal High Court in Lagos has directed the Nigerian government to set prices for essential commodities, including petrol, diesel,…

byayotilewaFebruary 8, 2024February 8, 2024
UBA Appoints new CEOs in Kenya and Sierra Leone
AfricaBankingBreakingBusinessLocalWorld

UBA Appoints new CEOs in Kenya and Sierra Leone

United Bank for Africa (UBA) Plc has announced the appointments of Mary Mulili and Mohamed Alhajie Samoura as the new…

byayotilewaFebruary 6, 2024February 6, 2024
BAT (Nigeria) Unveils Solar Panel System
BreakingCommoditiesEnergyLocal

BAT (Nigeria) Unveils Solar Panel System

Today, British American Tobacco (BAT) (Nigeria) Limited will inaugurate a 1.4MWP grid-tied solar panel system at its Ibadan factory, marking…

byayotilewaFebruary 6, 2024February 6, 2024
World Bank’s Managing Director to Embark on  Visit to Nigeria
AfricaBreakingEuropeInvestinginvestmentLocalWorld

World Bank’s Managing Director to Embark on Visit to Nigeria

Anna Bjerde, the Managing Director of Operations at the World Bank, is poised to undertake a pivotal two-day engagement in…

byayotilewaFebruary 6, 2024February 6, 2024
Dollar Supply Surges, Naira Closes Week at N1435.53/$
BankingBreakingBusinessCurrencyFinanceLocalMarketTrade

Dollar Supply Surges, Naira Closes Week at N1435.53/$

In the official foreign exchange market, dollar supply witnessed a significant increase, rising by 180.59 percent to $440.13 million on…

byayotilewaFebruary 5, 2024February 5, 2024
Iraq Bans Eight Local Banks from U.S. Dollar Transactions
BankingBreakingBusinessEuropeFinanceWorld

Iraq Bans Eight Local Banks from U.S. Dollar Transactions

Iraq has implemented a ban on eight local commercial banks from conducting U.S. dollar transactions as part of efforts to…

byayotilewaFebruary 5, 2024February 5, 2024
Shell PLC Returns $23bn to Shareholders
BreakingBusinessFinanceInvestinginvestmentLocalStockTrade

Shell PLC Returns $23bn to Shareholders

Shell Plc, in a statement released by its Chief Executive Officer, Wael Sawan, announced that it returned $23 billion to…

byayotilewaFebruary 2, 2024February 2, 2024
CBN Sets $1m Minimum Share Capital Requirement for IMTOs
BankingBreakingBusinessCurrencyFinanceLocalTrade

CBN Sets $1m Minimum Share Capital Requirement for IMTOs

The revised guidelines for the operation of IMTOs, officially released via the CBN’s website and signed by Dr. Hassan Mahmud,…

byayotilewaFebruary 2, 2024February 2, 2024
Bullish Trading on Stock Market, Gaining N902bn
BankingBreakingBusinessCommoditiesFinanceInvestingLocalMarketStockTrade

Bullish Trading on Stock Market, Gaining N902bn

The stock market experienced a bullish resurgence on Thursday, resulting in a substantial gain of N902 billion. The All-Share Index…

byayotilewaFebruary 2, 2024February 2, 2024
Delta Air Lines Ranks 11th on 50 Most Admired Companies List
AfricaAsiaBreakingEuropeLocalTechnologyWorld

Delta Air Lines Ranks 11th on 50 Most Admired Companies List

Delta Air Lines has secured the 11th position on Fortune Magazine’s prestigious Top 50 Most Admired Companies list, making it…

byayotilewaFebruary 2, 2024February 2, 2024
Google Launches Advanced AI Model in Nigeria
BreakingBusinessCommoditiesLocalTechnology

Google Launches Advanced AI Model in Nigeria

Google has unveiled its most advanced Artificial Intelligence model, Gemini Pro, in Nigeria on Thursday. Gemini Pro represents an enhanced…

byayotilewaFebruary 2, 2024February 2, 2024
Lagos State Government to Remove Illegal Buildings in Two Weeks
BreakingenvironmentLocal

Lagos State Government to Remove Illegal Buildings in Two Weeks

The Lagos State Government has announced plans to initiate the removal of illegal building attachments and conversions across the state…

byayotilewaFebruary 1, 2024February 1, 2024
CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate
BankingBreakingBusinessCommoditiesCurrencyFinanceLocalMarketTrade

CBN Orders Banks to Sell Excess Dollar Stock to Stabilise Exchange Rate

In a bid to stabilize Nigeria’s volatile exchange rate, the Central Bank of Nigeria (CBN) has directed Deposit Money Banks…

byayotilewaFebruary 1, 2024February 1, 2024
Femi Otedola Appointed Chairman of FBN Holdings
BreakingBusinessFinanceLocalMarket

Femi Otedola Appointed Chairman of FBN Holdings

FBN Holdings, the parent company of First Bank of Nigeria, has appointed billionaire businessman and investor Femi Otedola as its…

byayotilewaFebruary 1, 2024February 1, 2024
BDC Operators Suspend Operations Due to Dollar Scarcity
BreakingBusinessCurrencyFinanceLocalMarket

BDC Operators Suspend Operations Due to Dollar Scarcity

Bureau De Change (BDC) operators in Abuja have announced the suspension of their operations due to the unavailability of dollars.…

byayotilewaFebruary 1, 2024February 1, 2024

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