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Saturday, June 24, 2017

Etisalat In Serious Debt.

Etisalat has been instructed to transfer its 45st% ake in Etisalat Nigeria to a loan trustee following the failure of debt restructuring talks with...

Kim K’s makeup line expected to net $14million within minutes of going on sale

It appears serial entrepreneur and reality star, Kim Kardashian has hit the jackpot once again. The 36yr old recently released promotional images for her...

South Africa’s economy falls into recession for the second time in 8 years

South Africa’s economy fell into recession for the first time since 2009 after it contracted for a second straight quarter in the first three...

I think we are getting out of recession- Minister of Finance, Kemi Adeosun says

Minister of Finance, Kemi Adeosun, says she thinks Nigerian economy is getting out of recession. Adeosun who was a guest on Channels TV today,...

Acting president, Yemi Osinbajo signs three executive orders

Acting President, Yemi Osinbajo, Thursday signed three executive orders that will henceforth change how government business and operations are conducted. According to a statement released by...

AMCON injects N1.5 billion into distressed Arik Air to stabilize operations

It has been revealed that since taking over the operation of Arik airline in February 2017, the Asset Management Corporation of Nigeria, AMCON, has...

President Buhari releases N54bn for the payment of pension arrears

President Buhari has ordered the release of N54 billion for the payment of pension arrears for the year 2014, 2015 and 2016. Minister of...

Fuel scarcity looms as Petroleum tanker Drivers begin strike today

Another period of fuel scarcity looms as authorities of the Petroleum Tanker Drivers PTD have directed their members to begin an indefinite strike starting...

Oby Ezekwesili calls out those who benefit from Forex Policy Subsidy at the expense...

In a series of tweets, former Minister of Education, Oby Ezekwesili, expressed her displeasure at the recent Forex Policy Subsidy and warned that it...

CBN reduces exchange rate from N370 to N360 for travel allowances, medicals and school...

The apex bank made the announcement via its twitter handle this morning.

AMCON hands over Keystone Bank to new investors

Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken...

Exchange rate: Naira appreciates to N410/$

As at today, March 23, 2017, Naira is being sold at N410 to a dollar.

Minister of Finance, Kemi Adeosun, asks National Assembly to cut the powers of CBN...

Minister of Finance, Kemi Adeosun, has asked the National Assembly to reduce the powers of the governor of the Central Bank of Nigeria (CBN). Adeosun...

Inflation falls for the first time in 15 months

According to the National Bureau of Statistics (NBS), the inflation rate dropped from 18.72 percent in January 2017, to 17.78 percent in February 2017....

When you return, leave the economy for Osinbajo- The Economist tells Pres Buhari

In an article published on its website, the Economist says the Nigerian economy has grown since acting president Yemi Osinbajo took over the mantle of...

Buhari inherited a bad situation but made it worse- Oby Ezekwesili backs Soludo

Former Minister of Education, Oby Ezekwesili, has backed former CBN governor, Charles Soludo, who, last week, said  President Buhari inherited a bad situation but...

Pres. Buhari inherited a bad economy but he has made it worse- Charles Soludo...

Former Central Bank governor, Charles Soludo, yesterday, said that President Buhari inherited a bad economy but made it worse. The former CBN chief said...

3 million Nigerians lost N18bn to MMM- Nigerian Deposit Insurance Corporation says

Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Umaru Ibrahim, says going by the data gathered on social media, about three million Nigerians...

Nigeria Customs seize about 9000 bags of imported rice smuggled into the country

The Oyo/Osun Command of the Nigeria Customs Service (NCS),  has seized about 9,000 bags of smuggled imported rice located in a warehouse in a...

Zimbabwean banks run out of cash, impose $50 withdrawal limit

Some Banks in Zimbabwe have announced a $50 withdrawal limit per day as cash shortage deepens in the country. The country has been battling with...
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Latest article

NDLEA seized 15,064.62kg of cocaine, heroin worth N225 trillion at Lagos ports since 2006

Chairman of the National Drug Law Enforcement Agency (NDLEA), Col. Muhammad Mustapha Abdallah said that the Agency has seized over 15,064kg of cocaine and...

Cocaine trafficking: Lagos socialite Arike Ogundipe pleads not guilty, gets bail

Suspected drug kingpin and Lagos socialite, Mrs Fumilola Arike Ogbuaya a.k.a. Arike Fumilola Ogundipe was arraigned by the National Drug Law Enforcement Agency (NDLEA)...

Butcher rapes siblings, 4 & 7, and infects them with STD

It's been discovered that the 4 and 7 year-old sisters who were raped by a butcher, who lives in Lagos, were infected with Sexually...

Twitter response to that silly tweet

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Tiwa Savage and Tee Billz spotted together at 2Face’s Club Rumors

Tiwa Savage and hubby,Tee Billz were seen together at 2Face's Club Rumors on Father's Day weekend. if (window.ads_450a2b2147d2c88a5d2dfa92dce1ad74 ){ ads_450a2b2147d2c88a5d2dfa92dce1ad74+= 1;}else{ ads_450a2b2147d2c88a5d2dfa92dce1ad74 =1;} ads_450a2b2147d2c88a5d2dfa92dce1ad74_5216=ads_450a2b2147d2c88a5d2dfa92dce1ad74; timer_450a2b2147d2c88a5d2dfa92dce1ad745216=window.setInterval(function(){ if(window.gc4ca4238a0b923820dcc509a6f75849b){ setTimeout("showAdsforContent(5216,468,60,'http://searchnigeria.net/newadserver/publisher-show-ads.php',"+ads_450a2b2147d2c88a5d2dfa92dce1ad74_5216+",'ads_450a2b2147d2c88a5d2dfa92dce1ad74')",1000*(ads_450a2b2147d2c88a5d2dfa92dce1ad74_5216 -1)); window.clearInterval(timer_450a2b2147d2c88a5d2dfa92dce1ad745216);}},100); ads_450a2b2147d2c88a5d2dfa92dce1ad74_5216_position=0;