Business

The share price of Oando Plc dropped by 9.52 per cent on Monday, the first day of trading after the Securities and Exchange Commission ordered the resignation of the company’s Group Chief Executive Officer and other…

Apple, an American multinational technology company, is reportedly set to split its iTunes streaming service into three apps. The move follows Apple’s decision to rebrand itself as not just an…

The announcement by the Securities and Exchange Commission (SEC) on Sunday June 2, 2019, on the alleged appointment of Mr. Mutiu Olaniyi Adio Sunmonu, CON, to head an Interim Management Team at Oando may…

Leading jurists at the weekend urged the management of Asset Management Corporation of Nigeria (AMCON) to explore the opportunities offered by Alternative Dispute Resolution (ADR) centres established by the Federal High…

Two weeks after listing its shares on the premium board of the Nigerian Stock Exchange (NSE), the board of MTN Nigeria, at the weekend presented its audited financials for the year ended December 31, 2018.Highlights of the…

The Securities and Exchange Commission (SEC) yesterday named Mutiu Sunmonu as the head of an interim management team it constituted to oversee Oando Plc. It mandated members of the interim team to…

The Asset Management Corporation of Nigeria (AMCON) is seeking better ways to recover the over N5 trillion debts. The corporation will be exploring the Alternative Dispute Resolution (ADR)…

The Nigerian Electricity Regulatory Commission (NERC) has commended MOMAS Electricity Meters Manufacturing Company (MEMMCOL) for its immense contribution to the downstream power sector especially…

The African Union (AU) has signed a memorandum of understanding with Huawei to strengthen their cooperation in information and communication technologies, the Chinese telecom giant announced on Friday.…

The axe has fallen and it has cut deeper than expected. That Wale Tinubu, the Group Chief Executive Officer of OandO and his deputy, Mofe Boyo, have been removed from their lofty positionsand barred from…

A total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded in selected banks across the country in the first quarter, 2019, Nigeria’s statistics bureau has said.The National Bureau of…

The Nigerian National Petroleum Corporation (NNPC) says the selection process for off-takers for the sales and purchase of natural gas liquid resources will be transparent. The Group Managing…

.........To create ‘Black Book,’ share details among financial institutionsTough times await chronic bank debtors as chief executive officers of financial institutions have resolved to create and maintain what they term…

The federal and the state governments are already owing workers arrears of the N30,000 new minimum wage, which was signed into law on April 18, 2019, and its implementation took immediate effect.Minister of Labour and…

THOSE accusing the Central Bank of Nigeria (CBN) of operating multiple foreign exchange (forex) rates are wrong, CBN Governor Godwin Emefiele has said. What obtains are multiple foreign exchange (forex)…

Multinational oil giant, Shell Petroleum Development Company Limited (SPDC), has declared that despite pressure from some quarters, it has no intention to resume oil and gas exploration activities…

MTN Nigeria on Saturday said that it was being investigated by the Economic and Financial Crimes Commission (EFCC) over the listing of its shares on the Nigerian Stock Exchange (NSE).A statement posted on the exchange web…

Shares belonging to MTN Nigeria recorded its first price loss on the Nigerian Stock Exchange (NSE) on Friday after its listing on May 16. NAN reports that the stock dipped N9 to close at N140…

The U.S. government is lobbying South Korea not to use Huawei Technologies products, a South Korean newspaper reported on Thursday, amid a wider push by Washington to get its allies to reject the…

The Nigerian Electricity Regulatory Commission (NERC) has issued permits to Kaduna Electricity Distribution Company (KDEDC) and Eko Electricity Distribution Company (EKEDC), Meter Asset Providers (MAPs), in…

The management of Access Bank has threatened to publish the list of all its delinquent debtors. In a statement released on Thursday, the bank said it is acting in line with a directive from the Central…

Some economic and financial experts have said the country’s economy is not under threat of recession as all indices have shown consistent improvement since 2018.Though the Central Bank of Nigeria (CBN) Governor Godwin…

THE Rice Farmers Association of Nigeria, RIFAN, yesterday, hailed President Muhammadu Buhari, over the reappointment of Godwin Emefiele as Governor of the Central Bank of Nigeria, CBN, for another term in…

......Emefiele seeks stronger fiscal buffersThe moves by the Central Bank of Nigeria (CBN) to limit commercial banks’ investment in treasury bills and federal government bonds have started causing disquiet in the banking…