Browsing Category
Business
Anthony Stimler, former Glencore trader, pleads guilty over oil bribery scheme in Nigeria
Anthony Stimler, a former UK-based trader for Glencore Plc, has pleaded guilty to participating in an international scheme to bribe officials in Nigeria to win favourable contracts from…
Dangote’s $1bn cement plant set to commence operations in Edo
Dangote Cement is set to commission and commence operations on its $1 billion production plant, which has been completed in Okpella, Edo state. The plant, which sits on a…
Nigerian banks are safe – CBN
The Central Bank of Nigeria has reiterated the resilience, safety and soundness of Nigerian Deposit Money Banks and other financial institutions under its supervision. A…
FIDELITY BANK ’s GAIM SEASON 4 PRODUCES NEW MILLIONAIRES AS 15 CUSTOMERS GET N39M
Yesterday Thursday, Fidelity Bank Plc conducted the 6th/Final draw of the Get Alert in Millions (GAIM 4) Season 4 Savings promo where a total cash wins of N39m was given to 15 customers…
Dangote, Others Drive Equities Gain By N330bn
The equity market of the Nigeria Exchange Limited resumed from the Sallah holidays to a positive performance as market capitalisation rose by N329.7 billion to N20.1 trillion.…
Lebron James becomes first active NBA player to earn $1bn
A New Legacy opened this past weekend to tepid reviews—no different than the original 1996 cult classic—but moviegoers embraced the family-friendly fare. The movie’s star and…
CBN to launch digital currency on Independence Day
The Central Bank of Nigeria (CBN) has perfected plans to launch its own digital currency on October 1, 2021. According to information made available to Nairametrics, the…
Cooking gas price soars to N500/kg, retailers, consumers lament
The price of Liquefied Petroleum Gas, also known as cooking gas, has skyrocketed to a record high of N500 per kilogramme, forcing some Nigerians to turn to alternatives such as charcoal,…
Bitcoin rises to $32,431, Musk says Telsa watching currency
Tesla Chief Executive Officer, Elon Musk, has said he personally owns bitcoin, ethereum, and dogecoin. He said that he would like to see bitcoin succeed. He said this during a bitcoin…
Fidelity Bank MD’s Visit to Lord’s Chosen Charismatic Revival Church
The Executive Management of Fidelity Bank Plc, led by Managing Director/CEO, Mrs. Nneka Onyeali-Ikpe recently paid a courtesy visit on the General Overseer, Lord’s Chosen Charismatic…
Africa’s Best Bank: Guaranty Trust Dominates at Euromoney’s Awards for Excellence 2021
Africa’s leading financial services institution, Guaranty Trust, has been named Africa’s Best Bank 2021 by Euromoney, the premier information authority on global finance.…
BREAKING: Oando enters settlement with SEC, agrees to withdraw all cases in courts
Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the company and the capital…
Family Homes Funds issues N10bn bond — Nigeria’s first corporate Sukuk
The Family Homes Funds Limited has issued a seven-year N10 billion corporate Sukuk, the first ever in the country. This is the first Sukuk to be registered by the Securities…
Instagram for customer support, Facebook for wider reach… businesses adopt alternatives amid Twitter…
Over one month since the ban was announced — and with the outrage simmering — businesses appear to be getting used to a life without Twitter; adapting to new…
We’re yet to renew Airtel operating license, says NCC
The Nigerian Communications Commission (NCC) said the operating licence of Airtel Nigeria is undergoing the process of renewal. The Commission, in a statement by its Director of…
Toast to Women In Leadership: Linda Ikeji Pays Courtesy Visit to Fidelity MD
Two beautiful amazons and consummate professionals in their respective fields of endeavor (banking and media) met in what many have described as a toast to women in leadership to not…
CBN restricts sugar importation to Flour Mills, Dangote, BUA
The Central Bank of Nigeria (CBN) has restricted the importation of sugar to three companies due to their backward integration programmes. The companies are…
Banking: Amazons’ Take-over
Within eight months, the Nigerian banking sector has witnessed the emergence of three seasoned women bankers as managing directors of top commercial banks in the…
South African Rand Becomes The Currency To Short As Risks Grow
Deadly riots. Sky-high unemployment. A surge in virus infections. Add to that rising U.S. inflation and prospects of Federal Reserve tapering, and South Africa’s rand…
FCMB LIMITED ANNOUNCES APPOINTMENT OF MRS. OLUWATOYIN OLAIYA AS EXECUTIVE DIRECTOR, RISK &…
The Board of Directors of First City Monument Bank Limited (the Bank) have announced the appointment of Mrs. OluwatoyinOlaiya as Executive Director, Risk &…
40 days of Twitter ban: FG’s projected tax earnings undermined by fewer users
• Twitter unlikely to bend rules as losses reach N96b, says Teniola • SMEs contributing 48% to GDP worst hit by ban – survey While the country awaits the…
PIB: MOMAN, DAPPMAN kick against restriction on import licence
Two major players in petroleum products distribution chain have kicked against importation licence restriction on petroleum products to only Dangote Petroleum Refinery…
BREAKING: GTBank appoints Miriam Olusanya as first female managing director
Guaranty Trust Bank (GTBank) has announced the appointment of Miriam Olusanya as Managing Director. This was disclosed in a notice signed by the company’s secretary, Erhi…
Positioned for Growth: Guaranty Trust Bank Completes Corporate Reorganization
Aiming to strengthen its long-term competitiveness and growth prospects, Guaranty Trust Bank plc has completed its re-organisation to a Holding Company Structure.…