Nigerians have cried out to President Muhammadu Buhari over the high cost of Liquefied Petroleum Gas (LPG), otherwise called cooking gas, in the country, urging him to take drastic measures to crash the price of the product in the interest of the masses. From Lagos to Kano, Kebbi, Bayelsa, Cross …
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FBN Holdings Appoints Nnamdi Okonkwo As GMD
The board of FBN Holdings Plc has approved the appointment of Mr Nnamdi Okonkwo, as its new Group Managing Director, with effect from January 1, 2022. The News Agency of Nigeria (NAN) reports that this is contained in a statement posted on the Nigerian Exchange Ltd (NGX) website. NAN reports …
Read More »Diesel Landing Cost Rises To N336.45/Litre, Say Marketers
The pump price of Automotive Gas Oil, also known as diesel, may rise further as the Major Oil Marketers Association of Nigeria says its landing cost has increased to N336.45 per litre. The PUNCH had reported on October 7 that fuel marketers had increased the price of diesel, to N320 …
Read More »Facebook Changes Its Name To Meta In Major Rebrand
Facebook CEO Mark Zuckerberg said his company is rebranding itself as Meta in an effort to encompass its virtual-reality vision for the future, what Zuckerberg calls the “metaverse.” Skeptics point out that it also appears to be an attempt to change the subject from the Facebook Papers, a leaked document trove that …
Read More »CBN Plagiarised eNaira Policy Document From American JLG Website – Gazette
The Central Bank of Nigeria (CBN) has been caught plagiarising the policy and terms of use of an American wireless equipment supplier as its own policy on the eNaira website, Peoples Gazette can report. Nigeria’s digital currency, marketed to boost cross-border trade and other financial activities, was launched on October …
Read More »FIRS to begin Tax Audit of Aviation and Maritime operators
The Federal Inland Revenue Service (FIRS) has stated that it would commence back-end tax audits on operators in the maritime and aviation industries. The Executive Chairman, Muhammad Nami, disclosed this Thursday, while delivering an address at the Pedabo Thought Leadership Breakfast Session, focused on tax issues and the impact on …
Read More »Panic As Bitcoin Crashes, Swallows Millions Of Pounds In Cryptocurrency Markets
Bitcoin’s price has crashed yet again, wiping hundreds of millions of pounds from cryptocurrency markets and sending traders into a huge panic. The world’s most popular cryptocurrency plummeted below $59,000 following the “flash crash”.. This is a huge drop of more than $5,000 from the levels it was trading at …
Read More »First Bank Holding Confirms Femi Otedola As A Significant Shareholder
FBN Holdings Plc, is the non-operating holding company that owns First Bank of Nigeria, one of Nigeria’s biggest bank In March this year, the Central bank of Nigeria dissolved the FBHN Board, and report has it Oba Otudeko, has since placed his shares up for sale Femi Otedola have purchased …
Read More »Train Services Resume On Kaduna-Abuja Route With Low Passenger Turnout
The Nigerian Railway Corporation (NRC) on Saturday resumed services on the Abuja-Kaduna route two days after it suspended operations following an explosion that rocked a section of the rail track on Wednesday night. The corporation announced suspension of all operations along the route on Thursday after a train almost suffered …
Read More »CBN To Takeover Heritage Bank Over $32 Million Debt
Information reaching Brand Spur Nigeria has it that there is panic among shareholders, board, and management of Heritage Bank, as the House of Representatives threatened to authorize the Central Bank of Nigeria (CBN) for the takeover of the financial institution. The lower chamber of Nigeria’s bicameral National Assembly made this …
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