Business

The Securities and Exchange Commission (SEC) has warned the public against dealings with FinAfrica Investment Ltd and Poyoyo Investment. A circular by the management of SEC and published on the commission’s website said the…

In October, The Central Bank of Nigeria (CBN) unveiled the very first Central Bank Digital Currency (CBDC) in Africa with a lot of national and international interest on how well the electronic…

Despite not being a manufacturing hub for production or assemblage of vehicles or aircraft, Nigeria has raked in N100.65bn from the export of airplanes/helicopters to Ghana, analysis of Foreign…

Experts in the telecommunication industry have said the move by the Federal Government to tax social media companies is right because the companies generate commercial revenues from the nation. According to Meta, 7.5 per cent…

Iran previously put a temporary blanket ban on crypto mining amid historically peak periods for power demand in summer. Amid Iran’s energy consumption increasing during the winter, local energy authorities have decided to…

Foreshore Waters Limited (FWL) has secured a N2.4 billion loan facility from the Bank of Industry (BOI) to support the company’s growth and expansion plans. A Director in the company, Christiana Amida in a statement said the…

The Shippers Association of Lagos (SAL) has expressed worry over the scarcity of empty containers to bring cargoes into the country. Jonathan Nicol, president of SAL, disclosed this in an interview with NAN on Monday in…

A joint committee of the Federal Competition and Consumer Protection Commission (FCCPC), CBN and EFCC tackling violation of consumer rights in the money lending industry will soon shut down illegal businesses. Mr Babatunde…

The Centre for the Promotion of Private Enterprise, an economic think tank, has advised the Central Bank of Nigeria to review its ban on some of the over 40 items which the regulator has stopped importers from accessing…

In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency…

Oando Plc says it has appointed Ronke Sokefun and Nana Fatima Mede as independent non-executive directors, effective from December 2021. Sokefun also serves as the chairman of the board of directors of the Nigeria Deposit…

On Thursday, a 2-year-old Titan Trust Bank (TTB) acquired an 89.39 percent stake in the 104-year old Union Bank of Nigeria Plc. Players have described the acquisition as a laudable achievement for the newly-established bank.…

The N250 billion sovereign Sukuk whose offer opened on December 16, 2021, closed December 23, with an unprecedented subscription level of over N865 billion. This outcome represents a…

The Board of Seplat Energy Plc has announced the termination of the appointment of Austin Avuru as a Non-Executive Director effective December 22, 2021. The Director, Legal/Company Secretary of Seplat, Edith Onwuchekwa, made…

Shareholders of Union Bank of Nigeria have reached an agreement to divest 89.39 per cent of their stake to Titan Trust Bank Limited (TTB). In a statement to the Nigerian Exchange…

Athletes and politicians made headlines as they opted to get paid in crypto earlier this year. Now, in an attempt to attract a younger workforce, companies are starting to offer crypto salaries. A recent CNBC article…

Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications. In a…

The Board of Directors of Transcorp Hotels Plc has announced the appointment of Ms Bolanle Onagoruwa as an Independent Non-Executive Director effective Dec. 17. This was contained in a notice by the Company Secretary, Kofo…

The federal government says it will introduce a slot system in regulating the operation of foreign airlines into Nigeria. Musa Nuhu, director-general of the Nigerian Civil Aviation…

Turkish stocks extended their losses following Friday’s rout, prompting a fresh automatic trading halt after the lira slid to a record low. The Borsa Istanbul 100 Index tumbled 5%, after climbing as much as 3.1% earlier.…

The United States Treasury made further hints at new laws for stablecoins on Dec. 17. Nellie Liang, the Under Secretary of the Treasury for Domestic Finance, fueled more stablecoin regulation speculation with comments on…

Ecobank Nigeria Limited has asked the Federal High Court in Lagos to restrain Honeywell Group Limited from dissipating its assets pending the hearing and determination of winding-up…

Governor Babajide Sanwo-Olu on Monday made history as he signs N137.328 billion bond issuance by a sub nation. The Governor, who was elated, explained that it became necessary to issue…

Following the successful auction of two lots of 100Mhz in the 3.5GHz spectrum for the deployment of the Fifth Generation (5G) network in Nigeria, both winners, losers and…