Business

Toy Retailer To Close Or Sell All U.S. Stores

Toys R Us is closing its doors after 70 years in business. The iconic toy retailer will shut or sell all of its almost 800 stores in the United States, a source familiar with the matter told CNNMoney on Wednesday. The company’s CEO, David Brandon, notified employees earlier in the day, according to an earlier report by The Wall Street Journal, which ...

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Banks Have Not Significantly Impacted Lives Of Most Nigerians – Osinbajo

Nigeria’s Vice President, Professor Yemi Osinbajo, says banks have not really significantly impacted the lives or livelihoods of most Nigerians. Osinbajo said this at the public presentation of a book titled ‘Banking Reforms In Nigeria: The Law, The Prospects and The Challenges’ at the International Conference Centre, in Abuja on Monday. According to him, “Nigerians look around and are puzzled ...

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Bank In Alleged Unlawful Conversion Of Microfinance Bank’s N219m

…Keyamo writes bank, demands refund within seven days Solicitors to Ohha Microfinance Bank Ltd, Keyamo Chambers, has written an open letter to the Managing Director of Sterling Bank Plc, demanding a refund of the sum of N219m belonging to the microfinance bank but alleged to have been unlawfully converted by Sterling Bank. In the letter, made available to NewsProbe today, Keyamo ...

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Africa’s Population Explosion A Ticking Time Bomb — African Development Bank Governors

The African Development Bank and its East and North African Governors have stressed the need for urgent measures to match the continent’s growing population and youth unemployment, which they likened to a “ticking time bomb.” The meeting described the continent’s growing young population as a potential growth engine for the world. “The good news is that the solution is within ...

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Land Use Charge: We’re Ready For Dialogue – Ambode

…says only 700,000 out of 8 million taxable adults paid taxes in 2017 …as Dangote, Ovia, Elumelu urge Lagosians to voluntarily pay taxes Lagos State Governor, Mr. Akinwunmi Ambode, on Tuesday said his administration is not oblivious of the hue and cry generated by the revised Land Use Charge Law, saying that the government is ready to dialogue to resolve ...

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Over 1000 Workers Laid Off As Labour Dispute Threatens Nigerian Content Policy

Billions of dollars staked by government and investors in growing local capacity for in-country delivery of oil industry jobs are at risk following prevailing war by labour leaders against fledgling indigenous service companies that form the engines of the policy drive. It was gathered that labour crisis in the service segment of the petroleum industry arose from futile struggle by ...

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Agro Revolution: Dickson Partners NIRSAL To Create Wealth In Bayelsa       

The Bayelsa State Governor, Honourable Henry Seriake Dickson wants the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Plc (NIRSAL) to partner with his government to expand the frontiers of the agricultural investments his administration has made in the last six years. He said it is by so doing that the Government can conveniently create wealth and employ the teeming Youths to bring ...

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CBN Cautions On Crypto Currency Investment

The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in crypto currency as they are virtual currencies that are not legal tender in Nigeria. The Apex Bank’s Acting Director, Corporate Communications, Mr Isaac Okoroafor, in a statement on Wednesday in Abuja, said crypto currencies such as Bitcoin, Ripples, Monero, Litecoin, Dogecoin, Onecoin, and Exchanges ...

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$2bn Needed To Revive Lagos-Kano Rail Line, Says Osinbajo

…our investments in Lekki Free Zone’ll earn Nigeria N8trn annually – Dangote Nigeria’s Vice President, Professor Yemi Osinbajo, on Wednesday said at least $2billion would be required to revive the Lagos-Kano Rail Line as part of efforts to boost local and international trade along the Northern and Southern zones. Osinbajo, who spoke at the opening of the inaugural edition of ...

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