Business

THERE appears to be a brewing boardroom bickering at Jaiz Bank Plc over the tenure of the current Managing Director and the appointment of a successor. The two claimants are the current…

The Purchasing Managers’ Index (PMI) for the manufacturing sector in October stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. The manufacturing PMI for the month…

•Insurers move to assess damages for claims’ payment Banks have begun taking stock of their losses to the civil unrest in some parts of the country in the wake of the shooting of…

MTN Nigeria has appointed Karl Toriola as the new chief executive officer (CEO) with effect from March 1, 2021. In a statement by MTN Group on Monday, Toriola, the current vice president for MTN Group’s West and Central Africa…

Samsung Electronics chairman Lee Kun-hee died at the age of 78 on Sunday, the company said. Lee, who turned the South Korean firm into a global tech giant, was left bedridden by a heart attack in 2014. "It is with great…

Access Bank Nigeria Plc. has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths, and micro, small and…

The world’s second-largest economy, China just recently published a draft law that seems to ban entities from issuing digital cryptos. This could be the first time the word ‘Crypto’ has appeared in any of China’s formal laws.…

The Managing Director, Dangote Tomato Processing plant in Kadawa, Kano State, Abdulkarim Kaita, has called on the Federal government to put a total ban on the importation of tomato paste into the country. He made the call…

WhatsApp is apparently taking the fight to Zoom with a rumoured new feature that could make it the go-to for video conferencing. The world’s most popular messaging app already offers…

The Central Bank of Nigeria has advised all banks to update alert protocols in their Anti-Money Laundering/Combating the Financing of Terrorism monitoring tools, in line with the red flags and emerging trends arising from…

Nigeria Customs Service, Apapa Area Command has generated  N367,682,616,309.23 from January through September, this year. A total of 328 containers of various goods valued at…

United States President Donald Trump has been given permission to build another golf course in Scotland after authorities there decided in his favour on Sunday in spite of local opposition. The…

The #EndSARS protest is taking its toll on the economy and businesses, economists lamented at the weekend. They put the daily loss in the economy at a minimum N10 billion. Youths across the…

Investors this week gained N121 billion on the Nigerian equities market, in a trading week marred by #EndSARS protests in the nation’s commercial capital, Lagos, and other cities across…

AgroPark, another agri-investment platform, has left investors spoiling for a legal battle after it sent a letter informing them, for the second time, that payment of capital and accrued dividends…

The Central Bank of Nigeria (CBN) has frozen the accounts of 15 textile smugglers across the country. Deputy Governor Corporate Services of the CBN Mr. Edward L. Adamu made this disclosure at a…

INTELS Nigeria Limited, Nigeria’s oil and gas logistics giant has pledged readiness to enter into a constructive dialogue with the Nigerian Ports Authority (NPA) in order to reduce the indebtedness accrued up to now. INTELS,…

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments…

A South African firm Aurecon AMEI Limited and its Nigerian affiliate Aurecon Consulting Engineers Nigeria Limited have asked a Federal High Court in Lagos to wind up…

The total value of transactions in the country through electronic payment (e-Payment) channels, which included Point of Sale (PoS), the Automated Clearing House (ACH) and the Nigeria…

The Nigerian National Petroleum Corporation (NNPC) has engaged petroleum products, marketers, on the sale of Liquefied Petroleum Gas (LPG) and Compressed Natural Gas (CNG) for fueling power…

The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive…

The Federal Criminal Investigation Department (FCID) of the Nigeria Police has invited Mrs. Olubukunola George, founder of pharmaceutical retail firm, HealthPlus, the subject of an…

“I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans…