NNPC seeks $2bn oil-backed loan to finance operations
The Nigerian National Petroleum Corporation, NNPC, Ltd., said it has commenced moves to secure about $2 billion oil-backed loan to finance its operations .According to Reuters, Nigeria’s government finances rely on…
Manufacturing, transport sectors top major drivers of N41trn Lagos economy
…as Sanwo-Olu seeks OPS collaboration, assures the enabling environment ….Lagos, world 19 best city to visit in 2024-UK Mag …sets to create an Ease of Doing Business (EoDB) team Amid…
UBA’s GMD appointed Chairman, CIBN Body of Banks’ CEOs
Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of…
Banks’ borrowing from CBN skyrockets by 458% to N57.5trn
Banks’ borrowings from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, increased Year-on-Year, YoY, by 458.2 percent to N57.5 trillion in the first half of this year (H1’24) from N10.25…
World Bank appoints new country director for Nigeria
The World Bank yesterday appointed Dr. Ndiamé Diop as new Country Director for Nigeria. The bank in a statement said: “The newly appointed Country Director for Nigeria, Dr. Ndiamé Diop, assumed…
Zenith Bank wins ‘Best Commercial Bank in Nigeria’ and ‘Best Corporate Governance’ awards
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year. The bank was also named…
GTCO set to float N400bn public offer, targets acquisition
Guaranty Trust Holding Company, GTCO Plc, has concluded arrangement to raise N400 billion fresh capital in pursuit of the Central Bank of Nigeria, CBN, recapitalization policy. The Group Chief Executive Officer…
UN ‘appalled’ by Israel evacuation orders as Gaza battles rage on
The United Nations protested on Tuesday over the latest mass evacuation orders issued by Israel in Gaza as the army said it had killed dozens of militants in “close-quarters combat” in…
FG opts for duty-free imports of rice, wheat, beans, others
ABUJA—The Federal Government is planning to suspend duties, tariffs, and taxes on some essential food items imported through land and sea borders. Starmich blog gathered yesterday that the decision was…
Barbie star’ Margot Robbie expecting first baby with husband Tom Ackerley
Popular actress, Margot Robbie, renowned for her role in “Barbie,” is reportedly pregnant with her first child. The Oscar-nominated actress has been married to British film producer Tom Ackerley since 2016. According…
