Two International Banks Leave Nigeria


HSBC and UBS closed their offices in Nigeria. The Central Bank of Nigeria said this in a report on Friday as it revealed foreign investment had fallen sharply from a year ago.

P&G to Close down $300 Million Nigeria Production Plant, One Year after Launch

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About a year after commissioning its largest Nigerian plant, Procter & Gamble (P&G) is set to shut the plant.

The leading FMCG (Fast-moving Consumer goods) is set to shut the production plant situated in Agbara Industrial Estate, Ogun State, PREMIUM TIMES can report.

Fashola, DISCOS, Oppose Bill to Criminalise Estimated Billing

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The Minister of Power, Works and Housing, Mr. Babatunde Fashola, and the Nigerian Electricity Regulatory Commission on Tuesday opposed the move by the House of Representatives to criminalise estimated billing by electricity distribution companies in the country.