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CBN sacks First Bank boards over insider credit abuse

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The Central Bank of Nigeria on Thursday slammed the Bimbo Awosika-led Board of First Bank Plc, sacking it and enthroning a new board of...
Business

How Honeywell, Otudeko put First Bank in trouble with CBN, receives query over changes

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The internal wrangling that led to management changes in Nigeria's premier bank, First Bank Plc, is unravelling, showing that a loan to Honeywell Flour...
Business

Faddoul to Lalong: How I plan to export flowers from Jos to Europe

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A Jos-based investor has explained to Plateau Governor, Barr. Simon Lalong, how he braved the odds and resisted the pressure to move out of...
Business

FIRS gets N216.6bn to raise N7.6 Trillion in 2021

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The Senate has approved the sum of N216,646,579,231 billion naira as expenditure for the Federal Inland Revenue Service (FIRS) for the 2021 fiscal year. This...
Business

Senate gives AMCON powers to seize, sell debtors’ assets

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The Senate, on Wednesday, passed an Asset Management Corporation of Nigeria (AMCON) Amendment bill that empowers the Corporation to, amongst others, take possession, manage...
Business

VP, Governors, Ministers, CBN claim Obaseki’s allegation ‘outright false’

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Having received presentations from the Minister of Finance, the Central Bank Governor, and the Nigerian Governors’ Forum (NGF), the National Economic Council (NEC) has...
Business

Senate approves N257.18bn for Customs in 2021

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The Senate, on Wednesday, approved the sum of N257,183,671,694.71 as budget for the Nigeria Customs Service (NCS) for the 2021 financial year. The approval followed...
Business

Development of Sugar Sector Will Address Unemployment, insecurity, says NSDC boss

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The Executive Secretary of National Sugar Development Council (NSDC), Mr. Zacch Adedeji, has disclosed that the Backward Integration Programme (BIP) roadmap of the Council...
Business

Petrol Queues: NNPC increases daily PMS truck-out by 300% to 1, 661

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The Nigerian National Petroleum Corporation (NNPC) said it had increased daily supply of Premium Motor Spirit (PMS) also known as petrol across the country...
Business

Private Sector Asks FG To Account For $20m Safe School Fund Contributed In 2014

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By Tony Udoka (Insidebusiness.ng)The day of reckoning came Tuesday as the Organised Private Sector (OPS) sought for the details of the $20 million donated...
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