Category: Business

Titan Trust Bank Limited has acquired a majority shareholding interest in Union Bank. This was contained in a notice published on the website of NGX and Securities Exchange Commission on … Read More

Former chairman of FBN Holdings, Remi Babalola has disclosed that he resigned from the company because of the “corruption in the system”. Babalola was appointed chairman on April 30, 2021, … Read More

The Central Bank of Nigeria (CBN) has approved the appointment of Ahmad Abdullahi as non-executive director and chairman of First Bank Holdings PLC. The development came following the resignation of … Read More

The National Bureau of Statistics (NBS) has disclosed that Ondo, Oyo and Osun state paid the highest amount for liquefied petroleum gas better known as cooking gas in November, 2021. … Read More

The Nigerian Investment Promotion Commission (NIPC) has approved the pioneer status incentive (PSI) applications of eight companies in the third quarter of 2021. The approval was made known by the … Read More

Two days after FBN Holdings confirmed significant investment by a Nigerian billionaire, Remi Babalola has resigned as chairman of board of directors of the company. Recall that Babalola was appointed chairman, … Read More

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has disclosed that the federal government will toll the Lagos-Ibadan expressway, Abuja-Kano road and the second Niger Bridge to repay … Read More

President of the African Development Bank (AfDB), Akinwumi Adesina has stated that the federal government must exercise restraint in tax increment. According to Adesina, the fact that the country’s tax to … Read More

Ecobank Nigeria Limited has issued a warning to Flour Mills of Nigeria Plc over the proposed acquisition of an equity share in Honeywell Flour Mills Plc, stating that the parent … Read More

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that the apex monetary authority will ensure that the right things are done regarding the shareholding tussle at … Read More

The Central Bank of Nigeria has stated that borrowers who divert funds provided under the Agricultural Credit Guarantee Scheme may earn a five-year jail term. This was contained in a … Read More

Tesla CEO Elon Musk has offloaded company shares worth $5 billion, days after setting off a Twitter poll — in which millions voted — asking whether he should sell 10 … Read More

The African Export-Import Bank (Afreximbank) has called on the Nigerian Investment Promotion Commission (NIPC) to do more in attracting a greater volume and variety of investments into Nigeria. This was … Read More

Minister of finance, budget and national planning, Zainab Ahmed has stated that Nigeria needs significant financial sector reforms for sustained growth and penetration of Islamic finance in delivering overall economic … Read More

The Nigerian Ports Authority (NPA) has stated the two ports in Lagos-Lagos Port Complex and Tin Can Island Port Complex are operating above their installed capacity. This was disclosed on … Read More

Executive Director of Partnership Initiatives in the Niger Delta (PIND), Dara Akala has stated that Nigeria has the economic potential to earn $2.98 billion (about N1.2 trillion) in agricultural exports … Read More

The Central Bank of Nigeria (CBN) has stated that it spent N58.618 billion to print 2.518 billion of naira notes, valued at N1.06 trillion in 2020. This was disclosed by … Read More

Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation. One … Read More

The eNaira speed wallet application rolled out by the apex bank, the Central Bank of Nigeria (CBN) on Monday has been pulled down from the Google Play store. The eNaira … Read More