Local Business

The Central Bank of Nigeria (CBN) has assured that all employees of now defunct Skye Bank are to be absorbed by the new Polaris Bank under a new contract unless any employee decides to opt out. Also, the CBN declared that all depositors shall retain their deposits and that normal banking services shall continue in the new bank on Monday, …

By Ogunojemite Ayodele The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has lauded CHI Farms and Zoetis for the establishment of City Laboratory, an ultra-modern veterinary diagnostic centre, commissioned on Wednesday, September 12, 2018 in Ibadan, Oyo state.

Edo’s Internally Generated Revenue (IGR) has hit an average of N2 billion monthly from N1.55 billion in 2016 when Gov. Godwin Obaseki was sworn-in.

The Federal Inland Revenue Service (FIRS) has identified more than 6,772 billionaires’ tax defaulters whose bank accounts have been screened.

Chi Farms Limited, an agro-allied company involved in poultry farming, hatcheries, catfish production etc., is partnering with ZOETIS, a global animal health care company and representative of Bill and Melinda Gates Foundation in Africa to establish an ultra-modern animal care veterinary centre in Ibadan, Oyo state, Nigeria, called “City Laboratory”.

The Central Bank of Nigeria has facilitated the refunds of a total of N60 billion by commercial banks to their customers on March 31, 2018 through the intervention of the consumer protection department.

The Nigerian Government says it will shut the land border between it and a neigbouring country in a few days’ time to avoid smuggling of foreign rice into the country.

The Transmission Company of Nigeria (TCN) said electricity generated into the national grid fell by 1,087.6 MW but denied the collapse of the grid.

In addition to the $322 million recovered from Switzerland, Nigeria will soon receive another $500 million which late Sani Abacha looted and locked up in other countries.

A Federal High Court sitting in Lagos in a landmark judgement has ordered President Muhammadu Buhari to “urgently instruct security and anti-corruption agencies to forward to him reports of their investigations into allegations of padding and stealing of some N481 billion from the 2016 budget by some principal officers of the National Assembly.”