Business

The silence in the conference hall of the first floor of Transcorp Hilton Hotel, Abuja, on the night of Monday 13th December 2021 at 7.20pm immediately the large screen flashed…

FBN Holdings Plc has officially notified the Nigerian Exchange Ltd and the investing public of the resignation of Remi Babalola, its chairman and non-executive director. This is…

Remi Babalola, former chairman of FBN Holdings, says he resigned from the company because of the ”corruption in the system”. Babalola was appointed chairman on April 30, 2021, and had…

The Central Bank of Nigeria (CBN) has approved the appointment of Ahmad Abdullahi as non-executive director  and chairman of First Bank Holding PLC. This follows the resignation Remi…

The nation’s external reserves fell by $440m in two weeks from $41.15bn at the start of this month, figures obtained from the Central Bank of Nigeria revealed on Friday. The reserves, which…

Remi Babalola has resigned as chairman, board of directors of FBN Holdings, two days after the company confirmed significant investment by Femi Otedola, a Nigerian billionaire. Babalola was appointed…

Shareholders of Access Bank Plc have given the nod for the bank to proceed with its proposed restructuring into a Holding company status. The shareholders reached the resolution on…

Olam Nigeria, a top agribusiness conglomerate and group company of leading food manufacturers such as Crown Flour Mill Limited (CFM),  Agro Technical & Processing Company…

Twitter founder, Jack Dorsey, has appointed three Nigerians and one South African to act as the board of his Bitcoin Trust (BTrust) fund which will be disbursed for development in Africa…

In 2021, according to the World Inequality Lab’s annual World Inequality Report, billionaires saw their share of wealth increase at the highest rate on record. From 1% in 1995 to 3% in 2021, billionaires have amassed more…

The federal executive council (FEC) has approved $1.9 million and €62.9 million for phase one of the presidential power initiative (PPI). PPI is a power upgrade and modernization…

The Murtala Muhammed Area Command of the Nigeria Customs Service, Lagos, says import through the command in November 2021 stood at N1.732 billion, rising by 31.2 per cent. This is even as the…

The Chairman of Geregu Energy Group and billionaire businessman, Mr Femi Otedola has debunked speculations that he his interested in holding any board position in FBN Holdings, First Bank or any…

Employees at Google have been threatened with pay loss – and even termination of employment – if they fail to comply with the company’s Covid-19 vaccination policy, according to internal documents obtained by CNBC. Leaders…

Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC) to extend the telco giant’s Public Offer, which closed yesterday, December 14, 2021. The…

MTN Nigeria shares public offer closed yesterday December 14, 2021, at 5 pm. The offer, which is the first from any of the big telcos in Nigeria, has been on since December 1,…

The Ministry of Finance, Manufacturers Association of Nigeria (MAN), Licence Customs Agents and other stakeholders have expressed reservations over the excessive power given to the Nigeria Customs…

Technology Times can confirm that Dr. Musbahu Mohammad Bashir, Althani Group Chairman owns Mafab Communications Limited, the newcomer tech firm  that squared up against two mobile giants…

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the proposed amendment to the Finance Act will ensure that Amazon and other digital companies become Value Added Tax collectors for the Federal…

Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers in Nigeria from January 1, 2022. Zoom said this in a statement issued…

In a dramatic fashion, a telecom under dog, MAFAB Communications, emerged from nowhere, Monday, to become one of the winners of 3.5GHz Spectrum licenses. The licenses are necessary to…

The current price per lot of the 100MHz band of the 3.5GHz spectrum at the ongoing auction being organised by the Nigerian Communications Commission (NCC) has risen to $215,782,901.38 as…

Nigeria has regained the top spot among crude oil producing countries in Africa with the nation’s crude oil production averaging 1.27 million barrels per day in November. The…

Shareholders of FBN Holdings Plc have expressed optimism that the acquisition of additional shares of the company by billionaire businessman, Femi Otedola, would resolve the leadership…