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In Matching Words with Action, Emefiele Inaugurates N500m Youth Entrepreneurs’ Scheme
Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday launched the apex bank’s N500 million Tertiary Institutions Entrepreneurship Scheme (TIES). Speaking at…
CBN Bars BVN Violators From Opening Bank Accounts
The Apex Bank in Nigeria, Central Bank of Nigeria (CBN) has barred BVN Violators from from opening a new bank accounts going by its fresh rule. The new policy is contained in a Revised…
Polaris Bank’s VULTe wins Business Day’s Digital Bank of the Year Award
Polaris Bank has been recognized as the Digital Bank of the Year (Global Award category) at the 2021 BusinessDay Banks And Other Financial Institutions award for its…
$19bn Dangote Refinery Not Solution To Nigeria Forex Challenges – Expert
The $19billion Dangote Refinery, expected to be Africa’s biggest oil refinery facility in 2022, will not solve Nigeria’s foreign exchange challenges, Bismarck Rewane, an…
No breach of court order in acquisition deal, says Flour Mills, Honeywell
Flour Mills Nigeria (FMN) Plc and Honeywell Flour Mills Plc (HFMP) say there is no breach of a court order in the proposed acquisition deal. Joseph Umolu, FMN secretary, said this in…
FG suspends Aiteo’s operation over oil spill in Bayelsa
The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in affected oilfield spewing oil in Bayelsa State pending investigation.…
Hilary Clinton Wants Biden Administration To Regulate Cryptocurrency
Former United States Democratic presidential candidate, Hillary Clinton has called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like…
EFCC Traces Most Bank Frauds To One Set Of Bankers
The EFCC declared in Abuja on Wednesday that most frauds in the banking sector were perpetrated by insider Information, Communication Technology (ICT) employees. Mr Abbah Sambo,…
5G spectrum: NCC extends deadline for submission of bids over flight delays
The Nigerian Communications Commission (NCC) has extended the deadline for the submission of bids and initial bid deposits (IBDs) for the upcoming auction of the 3.5GHz spectrum The…
Apple sues Israeli spyware maker NSO Group over iPhone attacks
Apple is suing Israeli spyware firm NSO Group and its parent company for allegedly targeting iPhone users with a hacking tool. NSO's Pegasus software can infect both iPhones and…
First Bank too big to be owned by one person — CBN
The Central Bank of Nigeria (CBN) has said that it would be guided by the decision of the Securities and Exchange Commission (SEC) on the ownership structure of FBN Holdings Plc, the…
MTN Nigeria launches book-building ahead of IPO
Telco giant MTN Nigeria Communications Plc has launched an equity book-build to qualified investors ahead of the sale of 575 million ordinary shares in MTN Nigeria held by MTN…
US To Release 50M Barrel Oil Reserves In Attempt To Lower Prices
The US has said it is releasing 50 million barrels of oil from its reserves in an attempt to bring down soaring energy and petrol prices. The move is being taken in parallel with…
‘We’ll ensure right things are done’ — CBN speaks on First Bank ownership tussle
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) says the apex monetary authority will ensure that the right things are done regarding the shareholding tussle at First Bank…
SEC approves MTN offer for sale of 575 million shares
MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer for sale of up to 575 million ordinary shares in MTN Nigeria held by the MTN Group…
Ecobank warns Prospective buyer of Honeywell Flour LTD Says Company Facing Winding Up Proceedings
Consequent upon media reports on the move by Flour Mills Nigeria PLC to acquire 71.69 percent of Honeywell Group Limited, Ecobank Nigeria Limited has placed a, Caveat on any…
India announces bill to ban cryptocurrencies
India’s government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money, parliament said in a shock announcement late…
Railway: 24 Firms Jostle For E-Ticketing Contract
No fewer than 24 companies have bidded for the electronic ticketing solutions for the Lagos-Ibadan and the Warri-Itakpe train services. The Nigeria Railway Corporation (NRC)…
Oando Tops NGX With N11.834bn As Honeywell Flour Jumps 9.73%
Oando Plc on Monday closed the Nigerian Exchange Limited (NGX), topping the market activity with 1.973 billion units of shares worth N11.834 billion. The All-Share Index…
NPA, NIMASA To Charge Importers Of Petrol In Naira – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that Nigerian Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA)…
Flour Mills Acquires Honeywell Flour In N80bn Deal
Flour Mills of Nigeria Plc (FMN), the food conglomerate and owners of the iconic Golden Penny Food brand, has acquired a 71.69 percent stake in Honeywell Group, In a joint statement issued…
N30k for bag of rice, crate of eggs now N2k… traders grapple with low sales amid rising food prices
The prices of food items continue to soar across major markets in Lagos, as traders complained of low sales amid declining purchasing power. This is according to a market survey…
Dismantle Trade Barriers To Grow Africa’s Economy, Dangote Urges Leaders
African leaders have been urged to dismantle trade barriers stifling their individual countries, in a bid to ensure smooth flow of goods and services, with a corresponding impact on economic…
Kano Beats South East In VAT Collection
Kano State collected more money as Value Added Tax (VAT) than the entire South East zone in the first eight months of 2021, an exclusive data obtained by Daily Trust show. Records of VAT…