ABUJA, Nigeria (AP) – The Central Bank of Nigeria has revoked the operating license of Heritage Bank Plc with immediate effect, citing the lender’s inability to meet minimum capital requirements …
Editor
-
-
AfricaAFRICA NEWSSpotlight
Airlines Cancel, Delay Flights as Unions Shut Entrances Over Strike Action
by Editorby EditorLAGOS, Nigeria – Airlines have been forced to cancel and delay numerous flights as unions block entrances to airports nationwide amid ongoing strike action. The industrial action, which began early …
-
AfricaAFRICA NEWSSpotlight
Shelve Your Strike, Return to Negotiation – Police Tell Labour Unions
by Editorby EditorABUJA, Nigeria – The Nigerian Police Force has urged labour unions to suspend their planned strike action and return to the negotiation table with the government. In a statement released …
-
AfricaAFRICA NEWSEconomy
Kano Emirates Crisis: Governor Abba Meets with NSA Ribadu for Discussion
by Editorby EditorKANO, Nigeria – In a bid to address the escalating crisis within the Kano Emirates, Governor Abba Yusuf held a crucial meeting with National Security Adviser (NSA) Nuhu Ribadu on …
-
AfricaBusiness Policies
Rail Growth Hits 2-Year High as Transport Sector Exits Recession
by Editorby EditorThe rail transport sector in Nigeria has experienced a significant resurgence, reaching a two-year high in growth as the broader transport sector exits a prolonged recession. This remarkable recovery underscores …
-
AfricaAFRICA NEWSSpotlight
Nigerian Drugmakers See 58% Revenue Rise as Prices Soar
by Editorby EditorNigerian pharmaceutical companies have reported a significant surge in revenues, recording a 58% increase, driven by soaring prices across the sector. This remarkable revenue boost reflects the industry’s adaptation to …
-
AfricaAviationEconomyGlobal NewsTravel & Tourism
Lawsuit Alleges Discrimination Against American Airlines
by Editorby EditorA former employee has filed a federal lawsuit against American Airlines, alleging the company discriminated against them on the basis of race and age. The lawsuit, filed Tuesday in U.S. …
-
AfricaAFRICA NEWSEnergyOil & Gas
Shell, Others Contribute $142 Million to NDDC for Niger Delta Development
by Editorby EditorIn a significant boost to the Niger Delta Development Commission (NDDC), Shell and other oil companies have contributed a combined total of $142 million over the past year. This financial …
-
AfricaAFRICA NEWSEducation
FG Intervenes in Deportation Controversy at UK Teesside University
by Editorby EditorThe Federal Government of Nigeria has intervened in the escalating controversy surrounding the deportation of Nigerian students from Teesside University in the United Kingdom. The move comes after reports surfaced …
-
AfricaAFRICA NEWSBusiness Policies
Airspace Management Agency Seeks Reversal of 50% Revenue Deduction
by Editorby EditorThe Nigerian Airspace Management Agency (NAMA) has formally requested the federal government to reverse a recent policy mandating a 50% deduction from its revenue. NAMA officials argue that the deduction, …