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 …
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AFRICA NEWS
- 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 …
- 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 …
- 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, …
- AfricaAFRICA NEWSPress Releases
RapidBTS Limited Pioneers Cost-Effective Telecommunications Solutions in Nigeria
by Editorby EditorIn an era where seamless communication is paramount for business success, RapidBTS Limited is leading the charge in revolutionizing telecommunications across Nigeria. By leveraging advanced technologies, the company offers a …
- AfricaAFRICA NEWSEntrepreneurship
China’s $47B Semiconductor Fund Puts Chip Sovereignty Front, Centre
by Editorby EditorChina has launched a groundbreaking $47 billion semiconductor fund aimed at bolstering its domestic chip industry and securing its position as a global leader in technology. This strategic move underscores …