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Court orders Providus bank to return customer’s N329.4m fraudulently removed
Justice Peter Lifu of the Federal High Court, Lagos has ordered that Providus Bank Limited should transfer back the remaining balance of N329,454,650.28 alleged to have been fraudulently…
Polaris Bank not sold, management debunks fake news
The management of Polaris Bank Limited has debunked a fake news report claiming that the bank has been sold to an in-law of former military president, Ibrahim Babangida. In a statement on Friday,…
MTN Nigeria Begins Home Broadband Services
In its bid to accelerate broadband penetration in alignment with the Federal Government’s plan to achieve over 70% broadband penetration by 2025, MTN Nigeria Communications PLC., has announced the…
Elon Musk making up excuses to breach buyout deal, says Twitter
Twitter on Thursday said the notion Elon Musk was “hoodwinked” into inking a $44 billion buyout deal defies reason and the facts. In a filing, Twitter rejected counterclaims made by Musk as he…
FG to generate N160bn from call, data taxes
The Federal Government will generate about N160.46bn from excise duty on telecommunication services in 2023. According to the Nigerian Communications Commission, the combined revenue of operators in the…
House prices in UK fall first time since 2021
House prices in Britain fell the first time in more than a year in July in monthly terms and the market is likely to weaken further as interest rates go up and the cost-of-living squeeze tightens,…
NLNG Suffers $7bn Year-to-Date Revenue Loss Due to Gas Supply Shortages
The security challenge facing oil and gas companies in the country is having a heavy toll on the production and revenues of the Nigeria Liquefied Natural Gas (NLNG) Limited as it has resulted to…
Allegation of dud cheque, forgery against our bank, MD baseless – Wema Bank
Wema Bank Plc on Wednesday said allegations of dud cheque and forgery leveled against the bank and its Managing Director, Ademola Adebise are baseless and untrue. The bank also said that the warrant…
Ogun’ll become Nigeria’s Silicon Valley soon — Pantami
THE Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, yesterday, predicted that Ogun State would emerge as Nigeria’s Silicon Valley soon. Pantami said this when he and members of the…
Oil theft responsible for Naira fall, economic woes — Shell
SHELL Petroleum Development Company, SPDC, yesterday, blamed Nigeria’s economic woes, including the free fall of the Naira value and high cost of living on unabated oil theft and assets vandalism.…
LOCAL CONTENT POLICY: Pantami spits fire, bans importation of some telecom equipment’s
….NCC identifies 72 action points to implement Policy The Minister of Communications and Digital Economy, Prof Isa Pantami and his counterpart at the NCC, Prof Umar Danbatta are on the same page in implementing the ban on certain…
Airbnb reports soaring revenue as travel rebounds
Airbnb said Tuesday revenue in the recently ended quarter topped $2 billion…
Naira strengthens to N665/$ at parallel market — days after EFCC raided BDC hub
The naira, on Tuesday, sustained its momentum at the parallel market,…
How income from insurance claims drove BUA’s earnings to 4-year high
BUA Cement, Nigeria’s second-largest cement…
Barcelona sell 25% of Barca Studios for €100 million
Barcelona have sold 25 percent of Barca Studios, which manages the club’s digital business and audiovisual productions, to Socios.com for 100 million euros , club president Joan Laporta said on Monday.…
Dollar Remittance: Presidency Wades Into CBN, NNPC ‘Feud’
The presidency has waded into the controversy raging between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation Limited (NNPC) over the dwindling fortune of the…
Haitham Al Ghais resumes office as OPEC’s new secretary-general
The new secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has resumed office on Monday. Al Ghais, a former oil official from Kuwait, was appointed…
Airtel, MTN grow profits amid subscriber slowdown
Airtel Africa and MTN Nigeria posted growth in their second-quarter profits, but continue to…
Lekki Port set to boost economy with $361bn revenue, 193,000 jobs
At a time when the nation’s economy is battling for survival, with debt servicing over…
Naira appreciates to N695/$ at parallel market
The naira, on Monday, appreciated against the dollar at the parallel section of the foreign exchange…
Nigerian herbalists drag CAC to court over refusal to register association
The Traditional Religious Practitioners’ Association (TRPA) in Nigeria has dragged the Corporate Affairs Commission, CAC, to the Federal High Court in Enugu for the commission’s refusal to register…