•Asue Ighodalo Nigerian Breweries Plc has announced changes to the composition of its board of directors with the resignation of the chairman, Mr Asue Ighodalo. The company’s secretary, Mr Uaboi Agbebaku, made this known via a notification to the Nigerian Exchange Ltd yesterday in Lagos. Agbebaku said Ighodalo informed the company of his decis...
Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria days after announcing a $72m loss in its financial statement for the third quarter of the year. Checks on the company’s reviewed price list showed a 20 per cent per cent hike in the company’s packages across the board, reports Saturday PUNCH. […]
The Organised Private Sector (OPS) is worried that the trend of increased mass exodus, plans to exit and a reduction in involvement in the Nigerian market by multinational corporations are a threat to the Nigerian economy. To this end, the OPS has advised the government to implement measures to stabilize and ensure the availability of [&hellip...
The Nigerian National Petroleum Company Limited (NNPCL) says it discovered over 4,800 illegal connections on oil pipelines in the country in what is a grim picture of the country’s major income earner. “We have over 4,800 illegal connections on our pipelines. That means in some lines, within 100 kilometres of pipelines, you have as much [&hell...
Director General of Debt Management Office (DMO), Ms. Patience, today, disclosed that the country’s debt stock stands at N87.37 trillion as at September 30, 2023. Ms. Oniha who disclosed this during an interactive session held at the instance of House Committee on Appropriations chaired by Hon. Abubakar Bichi, however, noted that while justify...
•Kyari appears before Senate Forty eight hours after being summoned by the Senate, the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has now appeared before the joint committee on appropriations. The Senate had issued a 24-hour ultimatum on Wednesday to the NNPCL boss after an obser...
•Naira notes The Central Bank of Nigeria (CBN) has raised an alarm concerning the proliferation of counterfeit banknotes, particularly in higher denominations. A statement from the CBN signed by Mrs Sidi Ali, Hakama Ag director of corporate communications, said the fake bank notes are being utilised in transactions within food markets and comm...
•Engr. Odinakachi Umunna A futuristic Nigerian start-up, Sabi EcoFusion, has announced the forthcoming launch of the Sabi Lifestyle movement, which targets 5,000 people in its premier campaign. The company, in a statement issued recently in Lagos and made available to The Frontier, disclosed that the campaign starts in January 2024 but subscri...
There are troubling signs from many parts of the country that the cash crunch that grounded the economy at the start of this year is making a comeback as customers are finding it hard to get cash from banks. This has forced POS operators to also limit the amount each customer can withdraw at a […]
The Nigeria Deposit Insurance Corporation, NDIC today called on depositors of 20 failed banks to come forward and claim their liquidation dividends amounting to N16.8 billion. The Managing Director of the corporation, Bello Hassan made the call during the NDIC special day at the 44th Kano International Trade Fair taking place in Kano, reports ...