In a bid to stimulate the economy, the Central Bank of Nigeria (CBN) has slashed the interest rate payable on monies deposited in savings accounts from the previous benchmark of around 3.75 per annum to around 1.25% per annum According to a circular issued to all banks, the rate cut is effective from today September 1, 2020.Analysts say…
The governing body in charge of London’s financial district is openly asking for opinions to help make decisions in bringing down statues and other landmarks with historic links to slavery and racism, as part of its response to the Black Lives Matter movement. The City of London Corporation which runs the area that is home to…
Abdulrahman Bashir, the Chief Executive Officer of Rahamaniyya Oil and Gas Limited, has denied reports of being jailed in the United Kingdom. Premiumtimes had on Wednesday, August 19, reported that Justice Butcher of England and Wales High Court had handed a 10-year sentence on the Nigerian oil mogul after he was found guilty of breaching multiple orders of the court…
The Nigerian embassy in Canada has been shut down following an attack launched against its staff. The comission in a statement shared on its official website, said it had devised a system in which citizens with emergency cases were attended to strictly by appointment that allowed a limited number of people into the chancery at a…
Ride-hailing operators in Lagos state will from August 27, start paying a levy of N20 known as road improvement fund on each trip their drivers make in a day. The agreement was reached on Friday August 14, after a three-hour meeting between the Lagos state government and e-hailing ride operators. In a statement signed by the Chief Press…
Tech giants Apple, Facebook and Microsoft are among 52 major companies that have denounced Trump’s restrictions on employment-based visas. Back in June, Trump signed into law a series of new restrictions on visas that prevents foreign workers from coming into the United States, saying the high unemployment caused by the Coronavirus pandemic was an opportunity…
Forbes has released its Highest-Paid Actors List for the year 2020, and Dwayne “The Rock” Johnson claimed the top spot for the second year in a row. The American actor and former wrestler made an estimated $87.5 million in 2020, after earning $89.4 million last year. Forbes pointed out that a large percentage of the 10 highest-paid actors made…
Men of the Niger state police command have arrested a transporter, Abubakar Adamu, after 375 rounds of live ammunition, and seven AK47 magazines were allegedly found in his vehicle. The spokesperson of the state police command, Abiodun Wasiu, who disclosed this to newsmen, said Abubakar was intercepted in Suleja while driving a red Civic Honda car loaded…
Apple CEO, Tim Cook has become a billionaire after the Cupertino-based iPhone maker broke all previous records to become the world’s most valued company at over $1.84 trillion. According to Bloomberg Billionaires Index, the net worth of Cook has eclipsed $1-billion mark, officially making him a billionaire. “Cook owns 847,969 shares directly and took home…
Vice President Yemi Osinbajo has reaffirmed the federal government’s commitment towards making the country better for Nigerians. Speaking at a Virtual Presidential Policy Dialogue Session organised by the Lagos Chamber of Commerce and Industry (LCCI), the Vice President said that while the Buhari-led administration is focusing on key areas like agriculture, housing, manufacturing, they will also expand to cultivation…