The failure of an overhead power line in southern Germany has paralysed production at Europe’s largest BMW plant, in Dingolfing, a company spokesperson said on Monday.
Both the early and the late shifts were cancelled in the two assembly halls, with several thousand employees affected by the stoppage, the spokesperson...
The Central Bank of Nigeria has warned operators against paying recipients of diaspora remittances in local currency.
It warned that violators could lose their operational licences if they failed to comply with its guidelines on remittances.
The CBN said this in a circular to International Money Transfer Operators and Payment Service...
Leading financial services provider, First City Monument Bank (FCMB), has continued to blaze the trail with innovative and value-added offerings to boost the productivity and overall performance of businesses.
The latest is an initiative tagged, “Top-5-In-5”, a digital video knowledge sharing and capacity building series designed to give Small and...
analysts see prospects for growth, encourage corporate sponsorship for sustainability
Stakeholders and entertainment actors in Edo State have valued the revenue accrued to the sector in 2021 to about N500 million owing to the growing opportunities and investment attracted to the creative and entertainment industry during the period.
A cross-section...
Card maintenance fees scrapped
ATM cost reduced
Bank charges will go down in January as the Central bank of Nigeria (CBN) at the weekend announced a new regime of rates.
The Card Maintenance Fee (CAMF), which many customers described as unnecessary, has been scrapped.
The Automated Teller Machines (ATMs) charge has...
THE Asset Management Corporation of Nigeria (AMCON) on Monday took over Cedar Oil & Gas Exploration and Production Limited over N29 billion bad debt and appointed Receiver/Manager to oversee the firm.
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division granted an injunction against Cedar Oil & Gas...
The Honourable Minister of Solid Minerals Development, Dr. Dele Alake, has unveiled a transformative new rates regime for services rendered by the Ministry’s departments and agencies, marking a significant step in the ongoing efforts by the present administration to enhance the sector's economic consolidation and international competitiveness.
Dr Alake made...
says 34 countries, 20 milion farmers to benefit
The African Development Bank (AFDB) says it has put in place a $1.5b Emergency Food Production Facility to support food sufficiency in Africa.
The President of the AFDB, Dr. Akinwunmi Adesina, who stated this in an interview at the Governor's Office, Oke...
Cryptocurrency exchange Binance has announced the discontinuation of its naira services, prompting users to take necessary actions before the specified timeline. The decision comes amidst a regulatory faceoff between Binance and the Nigerian government over allegations of illicit financial activities.
Binance, a leading cryptocurrency exchange, has notified users of the...
The Dangote Petroleum Refinery in a ground breaking move announced a drastic reduction in diesel prices, plummeting from N1200 to N1000 per litre. This comes after the refinery had already slashed prices from N1600 to N1200 just three weeks ago, marking a significant 30% decrease in market rates.
The refinery's...
