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Ardova stocks rally as investors price-in move to acquire Enyo Retail and Supply Limited
Ardova Plc(AP), a leading Nigerian integrated energy company, and the shareholders of Enyo Retail and Supply Limited (Enyo) have entered discussions relating to AP acquiring Enyo. Enyo is one of the newest and…
FG to fully launch E-ticketing platform for NRC next week
The Federal Government has announced that it will fully launch the Nigerian Railway Corporation (NRC) e-ticketing platform next week. This is as it has also said it has commenced test bookings on the e-ticketing…
Computer Programmer Has Just Two Password Guesses Left To Access His £180m Bitcoin Account
A computer programmer who lost his Bitcoin password has just two guessesleft to figure out his passcode before he is locked out of his £180million worth accountforever. Stefan Thomas lost a slip of paper he wrote the…
CAC earns record N19billion despite pandemic
The Corporate Affairs Commission (CAC) made more than N19 billion as Internally Generated Revenue (IGR) last year, its registrar-general, Alhaji Garba…
Alfred Olajide now MD of Coca-Cola Nigeria
Coca-Cola has appointed Alfred Olajide as it’s new vice president and managing director for its Nigeria operations A statement by the company said the appointment…
Economist backs Nigerian government’s plan to borrow from unclaimed dividends
Nigeria’s first Professor of Capital Market, Professor Uche Uwaleke, has said there is nothing wrong with Federal Government’s plan to borrow N895 billion from unclaimed dividends and dormant deposits in bank accounts.…
How Elon Musk made $40 billion in the first 10 days of 2021
In the first 10 days of 2021, Elon Musk, the CEO of Tesla, the electric car company, has made about $39.6 billion to become the world’s richest man. Musk dethroned Amazon co-founder, Jeff Bezos, on Thursday, January…
Telcos Face Declining Revenue As Mobile Subscriptions Shrink
From an average increase of over one million monthly, active mobile subscriptions in the country declined by 46,648 in November 2020. Latest industry statistics released by the Nigerian Communications…
CBN Debits Banks N600bn For CRR Default
The Central Bank of Nigeria (CBN), last Friday, debited deposit money banks (DMBs) over N600 billion for falling short of the required Cash Reserve Ratio (CRR), findings by New Telegraph show. The latest debit…
Tunde Ayeni sold his shares in OMS to me for N2bn – Idahosa Okunbo
Idahosa Okunbo, a business mogul, says Tunde Ayeni, former chairman of the board of directors, Skye Bank Plc, sold his shares in Ocean Marines Solutions Ltd…
Billionaires list: Dangote loses $900m in 24 hours
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth drop by $900m on Friday as his flagship company emerged the biggest loser at the end of trading on the…
AfCFTA: Dangote to commission cement plants in five countries
Dangote Industries Limited says its cement expansion plan and fertilizer investments are strategies aimed at opening new trade routes for Nigeria under the Africa Continental Free Trade Area (AfCFTA). In a…
N5bn Debt: Ecobank takes over Oba Akinruntan’s Hotel
Obat boss and Olugbo of Ugbo Kingdom in Ilaje Local Government Area of Ondo State, Oba Fedrick Akinruntan may be battling hard times as the High Court of the Federal Capital Territory in…
Lekoil Loses Board Fight with Top Shareholder
The founder and chief executive of Lekoil,, Lekan Akinyanmi a London-listed Nigerian company, yesterday lost a protracted boardroom squabbles as shareholders of the embattled company voted to…
Davido now a director at Pacific holdings limited
Popular music executive David Adeleke professionally known as Davido has finally joined his family’s multi-billionaire enterprise, Pacific holdings limited. The…
Funke Akindele, Toyin Abraham’s films gross over N300m
Nollywood stars Funke Akindele-Bello and Toyin Abraham currently stand as the two producers with the highest-grossing films with over N300 million in 2020. Mrs.…
DPR shortlists 161 firms for final marginal field bid round
The Department of Petroleum Resources (DPR) on Monday said the Federal Government has shortlisted 161 firms for the final stage of the bid round process for country’s 57 marginal oilfields. It depicted a…
Nigerian Stock Exchange resumes 2021 with N459bn growth
The Nigerian Stock Exchange (NSE) resumed trading in 2021 on a bullish trend with the All-Share Index surpassing the 41,000 mark, as…
FCMB: Braving The Odds To Deliver Value
Owing to the rising default in loan repayment forced by the Covid-19 pandemic and the declining economy that affected borrowers' revenue inflow, First City…
FCMB founder buys more shares in Yuletide deals
The octogenarian founder of FCMB Group Plc and Nigeria’s oldest surviving stockbroker, Otunba Subomi Balogun, spent the eve of the Christmas buying more shares in his four…
“I Started Small, Bank Of Industry Lifted Me” – Innoson
Chief Innocent Ifediaso Chukwuma is the chairman and managing director of Innoson Motor Manufacturing Company. In this interview with Leo Sobechi, he talks about challenges of…
FCMB Deepens Financial Inclusion, Opens Ultra-Modern Cash Centre At Ikorodu, Lagos
First City Monument Bank (FCMB) has again proved its mettle as a customer-centric financial institution that cares for…
Naira recovery against dollar to begin February 2021 – CBN
THE Central Bank of Nigeria (CBN) has said the naira will begin recovery against the dollar and other global currencies from February 2021. This was…
Economic crisis: Naira to fall further in January, says CBN report
Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to…