Chike Olisah, Author at Nairametrics Destination for Business news and analysis from Africa's largest economy Thu, 06 Jun 2024 08:38:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Chike Olisah, Author at Nairametrics 32 32 201037849 REPORTS: Otedola publishes bank statement as ‘evidence’ accusing Zenith Bank of “fraudulent Activities” on Seaforce Shipping Account https://nairametrics.com/2024/06/06/otedola-publishes-bank-statement-as-evidence-accusing-zenith-bank-of-fraudulent-activities-on-seaforce-shipping-account/ https://nairametrics.com/2024/06/06/otedola-publishes-bank-statement-as-evidence-accusing-zenith-bank-of-fraudulent-activities-on-seaforce-shipping-account/#respond Thu, 06 Jun 2024 07:54:20 +0000 https://nairametrics.com/?p=490640 Billionaire businessman Femi Otedola has accused Jim Ovia, chairman of Zenith Bank, of engaging in fraudulent activities involving the bank account of his company, Seaforce Shipping Limited.

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]]> https://nairametrics.com/2024/06/06/otedola-publishes-bank-statement-as-evidence-accusing-zenith-bank-of-fraudulent-activities-on-seaforce-shipping-account/feed/ 0 490640 First Bank recovers N456 Billion loan from Heritage Bank before license revocation https://nairametrics.com/2024/06/05/first-bank-recovers-n456-billion-loan-from-heritage-bank-before-license-revocation/ https://nairametrics.com/2024/06/05/first-bank-recovers-n456-billion-loan-from-heritage-bank-before-license-revocation/#respond Wed, 05 Jun 2024 07:40:56 +0000 https://nairametrics.com/?p=490628 Nairametrics can confirm that First Bank has received the full repayment of a N456 billion loan extended to Heritage Bank.

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]]> https://nairametrics.com/2024/06/05/first-bank-recovers-n456-billion-loan-from-heritage-bank-before-license-revocation/feed/ 0 490628 Exchange rate back to normal range, falls to N1,484.75 at official market https://nairametrics.com/2024/05/30/exchange-rate-back-to-normal-range-falls-to-n1484-75-at-official-market/ https://nairametrics.com/2024/05/30/exchange-rate-back-to-normal-range-falls-to-n1484-75-at-official-market/#respond Thu, 30 May 2024 18:01:01 +0000 https://nairametrics.com/?p=490297 The exchange rate between the naira and the dollar fell to N1,484.75 on Thursday, May 30, 2024, marking the second consecutive day of decline.

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]]> https://nairametrics.com/2024/05/30/exchange-rate-back-to-normal-range-falls-to-n1484-75-at-official-market/feed/ 0 490297 2024 Q1: VFD Group reports N3 billion in pre-tax profits https://nairametrics.com/2024/05/27/2024-q1-vfd-group-reports-n3-billion-in-pre-tax-profits/ https://nairametrics.com/2024/05/27/2024-q1-vfd-group-reports-n3-billion-in-pre-tax-profits/#respond Mon, 27 May 2024 00:43:44 +0000 https://nairametrics.com/?p=489958 VFD Group Plc, a leading proprietary investment company, has released its financial statements for the first quarter of 2024.

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]]> https://nairametrics.com/2024/05/27/2024-q1-vfd-group-reports-n3-billion-in-pre-tax-profits/feed/ 0 489958 FG to commence home delivery of passports in June 2024 https://nairametrics.com/2024/05/25/fg-to-commence-home-delivery-of-passports-in-june-2024/ https://nairametrics.com/2024/05/25/fg-to-commence-home-delivery-of-passports-in-june-2024/#comments Sat, 25 May 2024 13:07:00 +0000 https://nairametrics.com/?p=489908 The Federal Government has assured that home delivery of passports will commence in June making it unnecessary for Nigerians to travel to immigration offices to obtain their passports.

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]]> https://nairametrics.com/2024/05/25/fg-to-commence-home-delivery-of-passports-in-june-2024/feed/ 1 489908 UBA: N100 Share Price Achievable – Oliver Alawuba https://nairametrics.com/2024/05/20/uba-n100-share-price-achievable-oliver-alawuba/ https://nairametrics.com/2024/05/20/uba-n100-share-price-achievable-oliver-alawuba/#respond Mon, 20 May 2024 13:37:35 +0000 https://nairametrics.com/?p=489449 United Bank for Africa’s share price can hit the N100 per share mark, according to Oliver Alawuba, the Group Managing Director of the bank. He made this statement in response to a question from the media at the world press conference celebrating the bank’s 75th anniversary, held at its headquarters in Lagos. United Bank for […]

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]]> https://nairametrics.com/2024/05/20/uba-n100-share-price-achievable-oliver-alawuba/feed/ 0 489449 Iranian President Dies in Helicopter Crash https://nairametrics.com/2024/05/20/iranian-president-dies-in-helicopter-crash/ https://nairametrics.com/2024/05/20/iranian-president-dies-in-helicopter-crash/#respond Mon, 20 May 2024 04:59:39 +0000 https://nairametrics.com/?p=489401 Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in a helicopter crash amidst treacherous mountainous terrain and icy conditions, an Iranian official disclosed on Monday.

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]]> https://nairametrics.com/2024/05/20/iranian-president-dies-in-helicopter-crash/feed/ 0 489401 DRC unveils AfDB-backed 600KM Fibre Optic Cable project worth €66.55 Million https://nairametrics.com/2024/05/17/drc-unveils-afdb-backed-600km-fibre-optic-cable-project-worth-e66-55-million/ https://nairametrics.com/2024/05/17/drc-unveils-afdb-backed-600km-fibre-optic-cable-project-worth-e66-55-million/#respond Fri, 17 May 2024 20:17:52 +0000 https://nairametrics.com/?p=489279 The Democratic Republic of Congo (DRC) has launched a €66.55 million fibre optic cable project, a significant leap towards enhancing its digital infrastructure.

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]]> https://nairametrics.com/2024/05/17/drc-unveils-afdb-backed-600km-fibre-optic-cable-project-worth-e66-55-million/feed/ 0 489279 BDC blames insufficient forex allocation for Naira depreciation https://nairametrics.com/2024/05/15/bdc-blames-insufficient-forex-allocation-for-naira-depreciation/ https://nairametrics.com/2024/05/15/bdc-blames-insufficient-forex-allocation-for-naira-depreciation/#respond Wed, 15 May 2024 06:15:43 +0000 https://nairametrics.com/?p=488957 Amidst severe liquidity shortages and erratic forex supply, a senior ABCON official explained why the naira has been depreciating in recent days.

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]]> https://nairametrics.com/2024/05/15/bdc-blames-insufficient-forex-allocation-for-naira-depreciation/feed/ 0 488957 Tunde Odukale exits as Chairman of FirstBank Ltd, to be replaced by Ebenezer Olufowose https://nairametrics.com/2024/05/09/tunde-odukale-exits-as-chairman-of-firstbank-ltd-to-be-replaced-by-ebenezer-olufowose/ https://nairametrics.com/2024/05/09/tunde-odukale-exits-as-chairman-of-firstbank-ltd-to-be-replaced-by-ebenezer-olufowose/#respond Thu, 09 May 2024 20:25:11 +0000 https://nairametrics.com/?p=488488 FBN Holdings has announced that Mr. Tunde Hassan-Odukale has officially stepped down as Chairman of First Bank of Nigeria Limited, following the expiration of his tenure.

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]]> https://nairametrics.com/2024/05/09/tunde-odukale-exits-as-chairman-of-firstbank-ltd-to-be-replaced-by-ebenezer-olufowose/feed/ 0 488488 IMF endorses Tinubunomics, commends FG for tax policies, monetary policies https://nairametrics.com/2024/05/09/imf-endorses-tinubunomics-commends-fg-for-tax-policies-monetary-policies/ https://nairametrics.com/2024/05/09/imf-endorses-tinubunomics-commends-fg-for-tax-policies-monetary-policies/#comments Thu, 09 May 2024 15:13:36 +0000 https://nairametrics.com/?p=488437 The International Monetary Fund (IMF), the financial body has endorsed the economic reforms implemented by President Bola Ahmed Tinubu's administration, noting significant strides in addressing Nigeria’s economic and social challenges.

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]]> https://nairametrics.com/2024/05/09/imf-endorses-tinubunomics-commends-fg-for-tax-policies-monetary-policies/feed/ 1 488437 Lagos says 80% of buildings on Lekki axis have no government approval https://nairametrics.com/2024/05/06/lagos-says-80-of-buildings-on-lekki-axis-have-no-government-approval/ https://nairametrics.com/2024/05/06/lagos-says-80-of-buildings-on-lekki-axis-have-no-government-approval/#respond Mon, 06 May 2024 11:10:35 +0000 https://nairametrics.com/?p=487997 The Lagos State government has revealed that 80% of buildings around the Ibeju Lekki and Epe corridor do not have government approval.

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]]> https://nairametrics.com/2024/05/06/lagos-says-80-of-buildings-on-lekki-axis-have-no-government-approval/feed/ 0 487997 Governor Obaseki announces N70,000 new minimum wage for Edo workers https://nairametrics.com/2024/04/29/governor-obaseki-announces-n70000-new-minimum-wage-for-edo-workers/ https://nairametrics.com/2024/04/29/governor-obaseki-announces-n70000-new-minimum-wage-for-edo-workers/#respond Mon, 29 Apr 2024 13:43:33 +0000 https://nairametrics.com/?p=487288 The Edo State Governor, Godwin Obaseki, has authorized an increase in the minimum wage for workers in the state from N40,000 to N70,000.

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]]> https://nairametrics.com/2024/04/29/governor-obaseki-announces-n70000-new-minimum-wage-for-edo-workers/feed/ 0 487288 Fuel scarcity: NNPC not supplying us with products – Oil Marketers https://nairametrics.com/2024/04/29/fuel-scarcity-nnpc-not-supplying-us-with-products-oil-marketers/ https://nairametrics.com/2024/04/29/fuel-scarcity-nnpc-not-supplying-us-with-products-oil-marketers/#respond Mon, 29 Apr 2024 13:20:53 +0000 https://nairametrics.com/?p=487285 Oil marketers have blamed the fresh scarcity of petrol on the supply challenges from the Nigerian National Petroleum Company (NNPC) Limited, the major oil supplier.

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]]> https://nairametrics.com/2024/04/29/fuel-scarcity-nnpc-not-supplying-us-with-products-oil-marketers/feed/ 0 487285 Naira continues its rebound against the dollar at parallel market, now below N1,300/$ https://nairametrics.com/2024/04/27/naira-continues-its-rebound-at-parallel-market-falls-below-n1300/ https://nairametrics.com/2024/04/27/naira-continues-its-rebound-at-parallel-market-falls-below-n1300/#respond Sat, 27 Apr 2024 16:26:50 +0000 https://nairametrics.com/?p=487092 The naira has continued its recovery against the US dollar at the parallel market as it appreciated to N1280/$1 on Saturday

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]]> https://nairametrics.com/2024/04/27/naira-continues-its-rebound-at-parallel-market-falls-below-n1300/feed/ 0 487092 EFCC freezes 300 accounts over illicit forex trading, says naira would have crashed in one week https://nairametrics.com/2024/04/24/efcc-freezes-over-300-accounts-over-illicit-forex-trading-says-naira-would-have-crashed-in-one-week/ https://nairametrics.com/2024/04/24/efcc-freezes-over-300-accounts-over-illicit-forex-trading-says-naira-would-have-crashed-in-one-week/#respond Wed, 24 Apr 2024 13:12:00 +0000 https://nairametrics.com/?p=486753 The Economic and Financial Crimes Commission (EFCC) says it has frozen over 300 accounts on suspicion of being linked to illicit forex trading which would have led to the crash of the naira within the next one week.

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]]> https://nairametrics.com/2024/04/24/efcc-freezes-over-300-accounts-over-illicit-forex-trading-says-naira-would-have-crashed-in-one-week/feed/ 0 486753 Power crisis: FG commences unbundling of 11 DisCos along state lines https://nairametrics.com/2024/04/23/power-crisis-fg-commences-unbundling-of-11-discos-along-state-lines/ https://nairametrics.com/2024/04/23/power-crisis-fg-commences-unbundling-of-11-discos-along-state-lines/#respond Tue, 23 Apr 2024 15:54:39 +0000 https://nairametrics.com/?p=486655 The Federal Government has commenced the unbundling process for the 11 electricity distribution companies (DisCos) along state lines for better efficiency.

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]]> https://nairametrics.com/2024/04/23/power-crisis-fg-commences-unbundling-of-11-discos-along-state-lines/feed/ 0 486655 NERC transfers regulatory control of Ekiti Electricity to State-Level Commission https://nairametrics.com/2024/04/22/nerc-transfers-regulatory-control-of-ekiti-electricity-to-state-level-commission/ https://nairametrics.com/2024/04/22/nerc-transfers-regulatory-control-of-ekiti-electricity-to-state-level-commission/#respond Mon, 22 Apr 2024 19:12:41 +0000 https://nairametrics.com/?p=486545 The Nigerian Electricity Regulatory Commission (NERC) has officially transferred the oversight of Ekiti State’s electricity market to the Ekiti State Electricity Regulatory Bureau (EERB).

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]]> https://nairametrics.com/2024/04/22/nerc-transfers-regulatory-control-of-ekiti-electricity-to-state-level-commission/feed/ 0 486545 NERC cedes regulatory oversight of Enugu electricity market to state government https://nairametrics.com/2024/04/22/breaking-nerc-cedes-regulatory-oversight-of-enugu-electricity-market-to-state-government-commission/ https://nairametrics.com/2024/04/22/breaking-nerc-cedes-regulatory-oversight-of-enugu-electricity-market-to-state-government-commission/#comments Mon, 22 Apr 2024 15:29:59 +0000 https://nairametrics.com/?p=486509 The Nigerian Electricity Regulatory Commission (NERC) has ceded the regulatory oversight of Enugu electricity market to Enugu Electricity Regulatory Commission (EERC), which is owned by the state government.

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]]> https://nairametrics.com/2024/04/22/breaking-nerc-cedes-regulatory-oversight-of-enugu-electricity-market-to-state-government-commission/feed/ 1 486509 NAMA explains why some airlines are avoiding Nigeria’s airspace https://nairametrics.com/2024/04/21/nama-explains-why-some-airlines-are-avoiding-nigerias-airspace/ https://nairametrics.com/2024/04/21/nama-explains-why-some-airlines-are-avoiding-nigerias-airspace/#comments Sun, 21 Apr 2024 21:29:11 +0000 https://nairametrics.com/?p=486425 The Nigerian Airspace Management Agency (NAMA) has explained that many airlines are avoiding Nigeria’s airspace because of the difficulties encountered in their communication with air traffic controllers.

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]]> https://nairametrics.com/2024/04/21/nama-explains-why-some-airlines-are-avoiding-nigerias-airspace/feed/ 1 486425