Governor of Central Bank, Godwin Emefiele, disclosed this during a press briefing in Lagos on Friday. He said that Skye Bank would now be taken over by Polaris Bank, which would take over all the assets and liabilities of the defunct entity. The revocation of Skye bank follows the Central bank’s decision to pause its injection of funds ... Read more

Life, as we know, is changing. We are experiencing a shift from the known traditions of the norm to the age where speed, accessibility and convenience (driven by technology) ranks as prime influencers of the consumers buying decision. The quest to remain dominant despite overwhelming challenges, penetrate an increasingly competitive landscape, meet ... Read more

An Italian judge on Thursday sentenced two defendants to jail in the first leg of trials of the biggest graft scandal in the global oil industry: the Malabu Oil $1.1 billion bribery scandal. The next hearing of the main trial involving Eni, Shell and 13 people is set for Sept. 26. Nigerian Emeka Obi and Italian Gianluca Di Nardo were found guilt ... Read more

Nigeria's government has suspended the proposed new national carrier, Nigeria Air, Minister of State for Aviation, Hadi Serika, said today. The former pilot and promoter of the idea, made the announcement on Wednesday through his Twitter handle. “I regret to announce that the Federal Executive Council has taken the tough decision to suspend t ... Read more

The management of Skye Bank Plc.is currently battling with how to manage allegation that customers’ deposits in the bank are no longer safe, because of a certain syndicate in the Tokunbo Abiru-led bank, involved in fraudulent transfer of money belonging to depositors. The magazine learned that the issue has sent shock waves among customers ... Read more

Photo: Ramin Talaie (Corbis via Getty Images), UrosPoteko (iStock) Never let it be said that Coca-Cola Co. can't tell which way the wind is blowing. Jumping onto a growing trend, Coke is exploring a possible alliance with Aurora Cannabis Inc.,  [I]Bloomberg[/I] reports . Coca-Cola is primarily interested in “drinks infused with CBD—the non-psych ... Read more