GlaxoSmithKline Manufacturer Of Panadol, Ribena, Lucozade, Macleans, Andrews Liver Salt, Others Ends Operations In Nigeria
After 51 years of operation in Nigeria, British pharmaceutical giant GlaxoSmithKline (GSK) has announced plans to end its prescription medicines and vaccines in the country. The multinational pharmaceutical company, initially known as Beecham at its incorporation, is well-known for products…
Full Text Of President Bola Tinubu’s Address To Nigerians On Socio-economic Challenges
My fellow citizens, I want to talk to you about our economy. It is important that you understand the reasons for the policy measures I have taken to combat the serious economic challenges this nation has long faced. -Our administration…
In Six Months FIRS Rakes-in Record N5.5 Trillion
Nigeria’s Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax revenue collection ever recorded by the Service in any first…
Emefiele, CBN: Good Governance Advocate, Akinyemi, Examines Challenges, Tasks Tinubu
The Founder and President of Apostolic Round Table (ART), a Non-Governmental Organisation in the vanguard of advocacy for good governance, Dr Bolaji Akinyemi, has reminisced on the glorious days of the CBN under the leadership of erudite, credible and result-oriented…
Tinubu Vows To Remove Investment Bottlenecks, Reposition Economy
President Bola Tinubu has assured the manufacturing and service sectors in Nigeria that more reforms will be unfolded to enable efficiency and attract investments. Tinubu also promised that the ongoing economic ‘‘revolution’’ will be deliberately steered to capture and favour…
Folashodun Shonubi: All You Need To Know About New Acting CBN Governor.
Following the suspension of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, President Bola Tinubu has tasked the Deputy Governor, Operations Directorate, Mr. Folashodun Adebisi Shonubi, to lead the country’s apex financial institution in an acting capacity….
CBN Has Not Devalued The Naira – Official
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has denied report that the naira has been devalued contrary to a news report on June 1, 2023, titled “CBN Devalues Naira To 630/$1”. In a statement signed by the Acting…
CBN Increases Interest Rate For 3rd Consecutive Time
For the third consecutive time Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has raised the interest rate from 18 percent to 18.5 percent. The CBN governor, Godwin Emefiele, announced the decision on Wednesday after a meeting of the…
(Full List) CBN Revokes Licences Of Microfinance Banks, Financial Institutions
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has revoked the operating licences of 132 microfinance banks, four primary mortgage banks, and three finance companies in the country. The revocation exercise was disclosed in the official gazette of the…
Gluwa: Nigeria’s Cryptocurrency Legalization Gets Boost As Firm Commits $35m To Indigenous Crypto Exchanges Growth In Africa
Gluwa, a foremost global blockchain company, has announced its readiness to work closely with the Federal Government of Nigeria to create a policy framework that supports the legalization and adoption of cryptocurrencies in Africa’s largest economy. The firm believes cryptocurrencies…
