…May sack 1,500 workers
About 1,500 employees of a Lagos-based tomato paste manufacturer, Erisco Foods Limited, are set to lose their jobs as the firm has shut down its $150m plant in Lagos.
The Chief Executive Officer of Erisco Foods Limited,...
Mr Tony Ojobo, the quintessential public relations guru in charge of public affairs of the Nigerian Communications Commission (NCC), describes it as “remarkable shift” in the history of the leadership of the regulatory body. It’s, undoubtedly, not the kind...
...Aborts plan to make Council rubber stamp
President Muhammadu Buhari has rejected the recommendation of the Minister of Industry, Trade and Investment, Okechukwu Enelamah to remove from office, the executive secretary of the Financial Reporting Council (FRC), Jim Obazee.
FRC is...
The federal government is demanding $406.75 million at the minimum from the Shell Petroleum Development Company (SPDC) and its surrogate Shell Western Supply & Trading Limited for alleged crude oil theft.
The amount, according to court papers in Lagos, represents...
The Central Bank of Nigeria (CBN) Deputy Governor (Economic Policy), Dr. Sarah Alade has revealed that oil and gas exposures constitute about 40 per cent of the banks’ loan portfolio.
However, Alade, who disclosed this in an interview with The...
The World Bank Group President, Jim Yong Kim has outlined three fundamental pillars that will drive momentum toward achieving the organisation’s goals of ending extreme poverty by 2030 and boosting shared prosperity.
“We will achieve these goals in three ways:...
