Workers at De United Foods Industries Limited, makers of Indomie noodles, have cried out for help over what they described as modern-day slavery and unfair labour practices meted out on them since March. The workers said cooks, drivers, nannies, stewards and other groups working for the largely Asian staff of the company, had not been allowed to return home to ... Read More »

Lagos State Government says its multi-billion Naira 32-metric tonnes per hour rice mill at Imota will be completed in the first quarter of next year. Governor Babajide Sanwo-Olu said yesterday at the FATE Foundation’s 5th Annual Virtual Alumni Conference that the mill, when operational, would ensure a steady supply of freshly processed rice of about 2.4 million bags of 50kg per ... Read More »

The suspended Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu has concluded his defence before the Judicial Commission of Inquiry on the activities of the anti-graft agency. But Magu, according to his defence team, was shocked the Minister of Justice and Attorney-General of the Federation, Mr. Abubakar Malami (SAN) refused to honour the invitation of the panel. ... Read More »

The Chairman of Crown Insurance Brokers, Chief Felix Ohiri Amadi has enjoyed a successful career spanning over three decades in the insurance sector of the economy, having worked closely in chatting lasting solutions towards pension management, he knew exactly what the senior citizens go through after their active service years in accessing their pension benefits, the challenges of retirement age ... Read More »

Panic gripped residents of Lagos and Ogun border communities on Thursday following an explosion and massive fire. The explosion, which was heard as far as ,Haliot Bus Stop, Iju in Lagos as well as Akute Ogun State, was said to have occurred around 3:30pm around Haliot Bus Stop in Ishaga. Newsthumb gathered the loud bang, which many residents reported across ... Read More »

In a recent interview on CNBC Africa’s ‘Closing Bell’, Access Bank’s Head, Sustainability, Omobolanle Victor-Laniyan, discussed the key role of the private sector in the implementation of the United Nations 2030 Agenda for Sustainable Development Goals (SDGs). Emphasizing the urgent need for private and public players to collaborate in order to meet up with the 10-year timeline for the full ... Read More »

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, today announced the appointment of Mrs. Oluwande Muoyo as a Non-Executive Director. Mrs. Muoyo joined the board of FirstBank from FBN Holdings Plc., the parent company of First Bank of Nigeria Limited. Speaking on her appointment, Dr. Adesola Adeduntan, CEO, FirstBank said, “We are excited to welcome Mrs. Oluwande Muoyo to ... Read More »

First Bank of Nigeria Limited has announced its partnership with Arese Ugwu for the TV adaptation of her best seller, Smart Money Woman. The weekly show – in its first season – is billed to premiere on Africa Magic Showcase on Wednesday, 23rd September 2020 at 9:30pm. The Smart Money Woman is a programme that shows the experiences, sacrifices, struggles ... Read More »

In a statement obviously intended to calm nerves and move ahead since the embarrassing loss of his party, the All Progressives Congress (APC) in the last Saturday Edo State governorship election, the national leader of the party and former governor of Lagos State, Asiwaju Bola Ahmed Tinubu, has spoken, describing the party’s loss as “a lesson that we are not ... Read More »

THE Central Bank of Nigeria (CBN) has launched a massive investigation into foreign exchange transactions by 71 companies after preliminary reviews raised suspicions of possible infractions and contravention of extant foreign exchange laws and rules. Sources close to the apex bank yesterday confirmed the investigation of many leading companies in key sectors of the economy including healthcare, food manufacturing, agriculture, ... Read More »