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BREAKING: Crashed Quorom Aviation helicopter in Lagos ran out of fuel – AIB
The Bell 206-B3 helicopter with registration marks 5N-BW, which crashed in the Ikeja area of Lagos state on August 28, may have come down owing to inadequate fuel in its tank. According to a 15-page report released by the Accident Investigation Bureau (AIB) on Monday, initia...
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Access Bank slashes staff salaries to avert job losses as COVID-19 slows economy
Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct knowledge of the matter. The reductions are expected to start from May unless business condi...
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Central Bank of Nigeria raises agric credit scheme fund to N50bn
The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019. It stated that the ACGSF Amendment Act was assented to by the Federal Government on June 24, 2019. According to the document, complete...
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#EndSARS: The Barbarians Are Back Again! – By Kunle Wizeman Ajayi
Yesterday, there was a shocking report of youth along Lagos-Abeokuta Expressway on rampage, setting fire all around the highways over yet another of the several killings that have happened since the elections: officers of the Federal Special Anti-Robbery Squad (FSARS) shot d...
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Online betting firms continue to flourish in Nigeria
Online sports betting is booming in soccer-mad Nigeria largely thanks to payment systems developed by homegrown technology firms that are starting to make online businesses more viable. For years, mobile payments failed to take off in Nigeria as they have in countries such a...
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Chude Jideonwo, Adebola Williams unveil cover for new book, ‘How to Win Elections in Africa...
RED co-founders, Chude Jideonwo and Adebola Williams yesterday unveiled the cover for their forthcoming book – ‘How to Win Elections in Africa: Parallels with Donald Trump’. Scheduled for release in November, the book chronicles the ideas and ideals imperative for Africans a...
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The Central Bank of Nigeria disclosed this in a document on Monday entitled ‘Agricultural Credit Guarantee Scheme Fund (Amendment) Act 2019. It stated that the ACGSF Amendment Act was assented to by the Federal Government on June 24, 2019. According to the document, complete...
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South African authorities have apprehended eight people suspected of illegally siphoning 2.3 billion rand ($133.87 million) from small lender VBS Mutual Bank, which collapsed in 2018 because of the corruption scandal. Godfrey Lebeya, head of South Africa’s Directorate ...
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Access Bank Plc plans to cut salaries to avoid job losses as a lockdown to contain the coronavirus hampers the operations of Nigeria’s biggest lender, according to people with direct knowledge of the matter. The reductions are expected to start from May unless business condi...
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Kenya’s economy grew by 5.4% in 2019, down from 6.3% the previous year, partly because of a slowdown in the agricultural, manufacturing and construction sectors, finance minister Ukur Yatani said on Tuesday. Agriculture grew by 3.6% in 2019, compared with 6% in 2018, hit by ...
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The Nigerian Ports Authority has directed all Terminal operators to extend the suspension of all applicable terminal storage fees on consignments (demurrage) for another fourteen days effective April 13, 2020. This follows the extension of the Lockdown in response to the COV...
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The International Monetary Fund has granted debt relief to 25 countries, mostly African nations excluding Nigeria. A statement by the Managing Director of the IMF, Kristalina Georgieva, said it would provide $500m in grant-based debt service relief to these countries. She sa...
BREAKING: Crashed Quorom Aviation helicopter in Lagos ran out of fuel – AIB
The Bell 206-B3 helicopter with registration marks 5N-BW, which crashed in the Ikeja area of Lagos state on August 28, may have co...
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UK considers another COVID-19 lockdown as outbreak accelerates
British Prime Minister Boris Johnson was on Monday pondering a second national lockdown as an accelerating coronavirus outbreak th...
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NPA accuses Intels of refusing to remit $304.675M generated from service boats to the government
The Nigerian Ports Authority (NPA) has accused Integrated Logistic Services (INTELS) Nigeria Limited of refusing to remit to the f...
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Suspected arms dealers moved millions in Somali money transfers
The findings by a Geneva-based research group, the Global Initiative Against Transnational Organized Crime, could further complica...
