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Article 'EFCC, INTERPOL Hunt Down CBEX Fraudsters After ₦1.3 Trillion Ponzi Collapse'- Nigeria News
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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
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Nigeria
Dangote Refinery Secures Historic 6 Million Barrel Deal, Poised for 350,000bpd Operations in December
Dangote Refinery, led by founder Aliko Dangote, has successfully secured its inaugural cargo deal, totaling 6 million barrels, set for delivery as the much-anticipated project gears up for operations at 350,000 barrels per day starting next month. A significant development in Nigeria's energy...
In a groundbreaking decision, Mrs. Justice May of the United Kingdom High Court has granted over 13,000 farmers and fishermen from the Niger Delta communities of Ogale and Bille the permission to proceed with their claims against Shell.
The communities allege that chronic pollution of their...
Dubai Chamber has extended its global footprint by inaugurating a trade office in Lagos, Nigeria, as part of its expansive foray into Africa.
The move aims to tap into the burgeoning business potential in Nigeria and the broader West Africa region.
Mohammad Lootah, President and CEO of Dubai...
Nigeria's Central Bank Governor, Olayemi Cardoso, disclosed a staggering $1.4 billion revenue drop between 2015 and 2019 due to forex restrictions on 43 key items.
The revelation, made during a keynote address at the Chartered Institute of Bankers of Nigeria, highlighted a 51.0% increase in...
Nigeria
CBN Governor Announces Capital Boost for Banks Amidst President Tinubu's $1tn Economy Ambition
In a significant address at the 58th Annual Dinner of the Chartered Institute of Bankers of Nigeria, CBN Governor Dr. Olayemi Cardoso revealed plans to direct Deposit Money Banks to bolster their capital base.
The move is a response to President Bola Tinubu's ambitious projection of a $1tn...
The Nigerian National Petroleum Company Limited (NNPCL) has set an ambitious goal to cease the importation of refined petroleum products by December 2024, projecting a substantial revenue growth of N4.5tn by the end of 2023. Group Chief Officer Mele Kyari announced these plans during a meeting...
Africa
Environmental and Social Concerns Heighten as Blue Carbon Secures Vast African Territories for Climate Initiatives
Blue Carbon, a Dubai-based company led by Emirati royal Sheikh Ahmed Dalmook Al Maktoum, has acquired forested land across Zimbabwe, Zambia, Kenya, Liberia, and Tanzania, equivalent to the size of the United Kingdom. The controversial move aims to run carbon offset projects, conserving forests...
In defiance of recent Central Bank assurances, reports of a renewed Naira scarcity have emerged across several states, including Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti.
The PUNCH's survey exposed the challenges faced by bank customers and Point of Sale operators, who bemoan...
Justice Hamza Muazu of the Federal Capital Territory High Court in Abuja has granted Mr. Godwin Emefiele, the immediate past Governor of the Central Bank, bail in the sum of N300 million and two sureties in like sum.
The sureties must provide certificates of occupancy and titles of properties...
In a shocking announcement on X, Binance Chief Executive Changpeng Zhao revealed his resignation following a guilty plea to money laundering violations. Zhao expressed remorse, stating, "I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for...
Sam Altman, co-founder of OpenAI, is set to reclaim his position as CEO just days after being ousted by the board. The unexpected reversal comes amid a public outcry from OpenAI staff, who threatened mass resignations unless Altman was reinstated.
The tech company revealed an "agreement in...
The Nigerian Naira showcased a robust performance, closing at N750.14 against the dollar at the official market on November 20, 2023. This 5.55% appreciation brought relief to financial analysts, attributing the upswing to the Central Bank of Nigeria's (CBN) strategic move to clear a backlog of...
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