Access Bank to acquire Diamond Bank

Talks on the acquisition are on, according to sources, who said the fusion is set for the first quarter of next year.

Access Bank to acquire Diamond Bank

Access Bank is set to add Diamond Bank’s portfolio to its assets in the next few months, The Nation has learnt. Talks on the acquisition are on, according to sources, who said the fusion is set for the first quarter of next year. It was gathered that both financial institutions have reached an agreement in […]

Nigeria drops on World Bank’s ranking

Nigeria has dropped a spot on the latest World Bank Ease of Doing Business ranking.

Nigeria drops on World Bank’s ranking

Nigeria has dropped a spot on the latest World Bank Ease of Doing Business ranking. The bank released the report themed ‘Doing Business 2019: A Year of Record Reforms, Rising’ on Wednesday. In the 2017 edition of the report, Nigeria moved 24 places from its 2016 spot of 169 to 145. In the 2018 edition, […]

Uber drivers in Lagos are using a fake GPS app to inflate rider fares

“You can’t do that anymore on Taxify, they were doing it before on Taxify but then Taxify made drivers update the app, once you update your app, you can’t use Lockito anymore,” says Williams.

Uber drivers in Lagos are using a fake GPS app to inflate rider fares

Some Uber drivers in Lagos have been using a fake GPS itinerary app to illicitly bump up fares for local riders. Initially created for developers to “test geofencing-based apps,” Lockito, an Android app that lets your phone follow a fake GPS itinerary, is being used by Uber drivers in Lagos to inflate the cost of their trips. […]

A country that exports jobs, imports poverty

Exactly two decades  ago,  the  National Union of Textile, Garment and Tailoring Workers of Nigeria, NUTGW

A country that exports jobs, imports poverty

THIS period has been a sobering one for me even as the country appears gripped in the excitement of politicking leading  to the general elections next February. I am not excited about whether incumbent President Muhammadu Buhari will be returned or be  flushed out of office. I am more preoccupied by the unquantifiable damage our […]

20 shipping firms leave Nigeria over low business

Dockworkers groan under threats of $7b cash call, deficient import policies • 300 workers sacked, Maersk reduces crew by 400

20 shipping firms leave Nigeria over low business

Groaning under intense hardship imposed by poor government policies and global economic crunch, over 20 shipping firms have exited the nation’s shores. This is coming as Dockworkers Union of Nigeria (DUN) lamented that over 3,000 workers have already been laid off by various shipping companies, terminal operators and logistic companies, owing to lack of financing […]

Foreign reserves fall by $2.1bn in 30 days

Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria (CBN) position itself in defence of the naira.

Foreign reserves fall by $2.1bn in 30 days

Nigeria’s foreign exchange reserves have declined by $2.15 billion in the last 30 days, as the Central Bank of Nigeria (CBN) position itself in defence of the naira. Since the United States Federal Reserves raised interest rates on September 26, 2018, the Nigerian reserves have dropped by $1,541,891,539, as investors continue voting their monies out […]

Polaris Bank SCAM ALERT

My search revealed that POLARIS is or was merely a LIMITED LIABILITY COMPANY that is "registered with CAC on 14th of June 2015 and till date have no fix address.

Polaris Bank SCAM ALERT

THE FRAUD, THE LIES, BEHIND SKYE BANK TAKEOVER! On Friday 21st September 2018, Nigerians were greeted with a sudden liquidation and take over of SKYE BANK. One could quickly ask, what really happened? Few days before this, CBN cleared the air that Skye Bank is healthy and gave it a loan of N100b. It also […]

Nigerian govt suspends proposed national carrier indefinitely

“We hope to establish an airline that communicates the essence of our beautiful country; an airline we can all be proud of.”

Nigerian govt suspends proposed national carrier indefinitely

The Federal Government on Wednesday suspended the proposed National Carrier, called the Nigeria Air. The Minister of State for Aviation, Hadi Sirika disclosed this on his twitter account @hadisirika. He said the Federal Executive Council regretted to announce the decision to suspend the National Carrier in the interim. “I regret to announce that the Federal Executive […]

China to take over Zambian international Airport for debt repayment default; neocolonialism?

Signing a contract with China is like, ascribing to the boiling frog effect

China to take over Zambian international Airport for debt repayment default; neocolonialism?

Signing a contract with China is like, ascribing to the boiling frog effect; a fable describing a frog being boiled alive slowly. If you drop a frog suddenly into boiling water, it will jump out, but if you put that same frog in a vessel of water and start heating the water gradually, it will […]

ALERT: Naira at risk over Turkish lira crisis

The naira may be affected by the ongoing financial turmoil which has seen the Turkish lira lose 40% of its value.

ALERT: Naira at risk over Turkish lira crisis

The naira may be affected by the ongoing financial turmoil which has seen the Turkish lira lose 40% of its value. The lira has been in turmoil over worries about the country’s high debt levels, rising inflation, President Tayyip Erdogan’s refusal to consent to an increase in interest rates and tension between the European country […]

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