Business

The Nigerian Stock Exchange, NSE has notified the investing public that the shares of Skye Bank Plc will be suspended from trading on the floor of the Exchange effective Monday, 24 September 2018.According to statement by the bank :…

It’s no longer a hot-button issue that the MD of Oriental Energy Resources, Ignatius Ifelayo, has resigned from the company owned by Alhaji Muhammudu Indimi. But there have been whispers as to how powerful the Vice President, Ameena…

JUST three weeks after it commenced its substitution of accounts of recalcitrant billionaire taxpayers, the Federal Inland Revenue Service (FIRS), has collected N12.66 in tax revenue. Executive Chairman, FIRS, Tunde Fowler, disclosed…

A financial expert, Dr Samuel Nzekwe, has advised the Central Bank of Nigeria (CBN) to intensify efforts to  enforce  the implementation of  its  financial guidelines  in banks,  to forestall collapse of the financial sector  in the …

Shareholder groups across the country have reacted bitterly to the takeover of Skye Bank Plc following the revocation of its operating license by the Central Bank of Nigeria (CBN) on Friday. The CBN had revoked the operating licence…

The Nigerian National Petroleum Corporation has said it would resist any attempt to pay five per cent of its funds found in commercial bank to any whistle-blower. Ndu Ughamadu, NNPC General Manager, Public Affairs, disclosed this in a…

Details have emerged on why the Federal Government suspended plan to establish a national carrier named Nigeria Air. The Minister of State for Aviation, Hadi Sirika, had on Wednesday announced the indefinite suspension of Nigeria Air…

The Nigerian Stock Exchange on Friday officially notified the investing public that Skye Bank Plc shares would be suspended from trading on September 24. The exchange gave the notice in Lagos in a statement by Mr Olumide Orojimi,…

The Central Bank of Nigeria (CBN) recently called out MTN, Nigeria’s largest telecommunications company, over repatriation of dividends, asking the telco to refund the $8.1 billion. Four banks were fined N5.8 billion for allegedly…

The Central Bank of Nigeria (CBN), on Friday, provided 317.52 million dollars and 58.40 million Chinese Yuan (CNY) to customers seeking foreign exchange in the agricultural and raw material sector. CBN Director, Corporate…

The Central Bank of Nigeria has withdrawn the operating license of Skye Bank. Umar Ibrahim, chairman of the Nigeria Deposit Insurance Corporation (NDIC), made this known to journalists on Friday. More to follow…

The Nigerian National Petroleum Corporation (NNPC) has consolidated on its operational performance with a trading surplus of ₦17.16bn in the month of April, 2018. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu…

Online retail colossus Amazon is gaining ground in the US digital advertising market as the dominance of Google and Facebook erodes, according to an eMarketer forecast released on Wednesday. The market tracker predicted that Amazon…

The Central Bank of Nigeria (CBN) is reviewing new evidence from four banks and MTN Nigeria over the sanctions slammed on them by the regulator, it was learnt yesterday. The banks – Standard Chartered Bank, Stanbic-IBTC, Citibank and…

World’s leading carbonated soft drink maker, Coca-Cola Co., said it has developed an interest in the cannabis drinks market and wants to take advantage of it with hopes of supplementing its declining sales. This could present an immense…

At least 1,000 indigenous companies have submitted applications for various railway contracts in the 2018 fiscal year, the Nigerian Railway Corporation has said. The contractors prospecting for different railway projects were unveiled on…

The Federal Government of Nigeria has announced the suspension of the national carrier project. The decision was disclosed by the Minister of State for Aviation, Senator Hadi Sirika at his office in Abuja The Minister who said the…

The sale of 21 percent  shares  of the Federal Government in the Nigerian  Security Printing and Minting (NSPM) Plc to the Central Bank of Nigeria (CBN) will contribute over N17 billion to the national treasury, Director General of the…

Fresh facts have emerged on why the sale of 9mobile still lingers despite the declaration of Teleology Holdings Limited as the preferred bidder by Barclays Africa, the financial adviser handling the sale. The Executive Vice Chairman…

The Nigerian National Petroleum Corporation (NNPC) has explained why it has resorted to contractor-financing of its pipeline and other facilities development in recent times. Delivering the keynote speech at the Nigerian…

The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million. According to the figures obtained from the CBN on Tuesday, September 18, 2018, the Bank offered $100million…

Oyo State Government is not leaving any stone unturned in its aggressive tax drive as it has continued to shut down major business outfits that are defaulting in the payment of taxes. Among the companies shut down today is Obasanjo…

A 26-year-old Nigerian, credited for building the world’s first gaming robot, has just become the highest paid in the field of Robotic engineering. Silas Adekunle achieved this feat after signing a new deal with the world’s…

The Coca-Cola Company is said to be in "serious talks" with Aurora Cannabis Inc., on the possibility of developing marijuana-infused beverages. According to BNN Bloomberg, Coca-Cola, the world’s largest beverage company, is looking into…