Business

Zenith Bank Plc, long known for its leadership in the Nigerian banking sector, is poised to usher in a new era of excellence under the leadership of…

The Conference of Autochthonous Ethnic Communities Development Association (CONECDA) Youth Wing has threatened to shut down…

Dangote Sinotruk West Africa inaugurated a completely knocked down (CKD) truck assembly plant in Lagos state on Sunday. The inauguration had in attendance Senate President Godswill Akpabio and Babajide Sanwo-Olu, governor…

Timi Bomodi, comptroller of Seme command, Nigeria Customs Service (NCS), says naira devaluation has positively impacted exports. Bomodi spoke on Sunday during an interview with the News Agency of Nigeria (NAN).…

Indigenous oil company, Oando Plc, has announced that it contributed $550m to the $925m disbursed to the Federal Government by the African Export-Import Bank under the $3.3bn crude oil-backed finance facility sponsored…

Nigerian businessman, industrialist and CEO of the Dangote Group, Aliko Dangote, has said he was warned not to embark on his refinery project. In an interview posted on the Business Elites Africa X handle, Dangote said he…

Nigeria’s foreign trade statistics report for the first quarter of 2024 reveals a significant trade surplus of N6.52 trillion.  This is a significant recovery from the N1.41 trillion trade deficit recorded in the…

The Yobe Microfinance Bank says it has launched a “ram loans scheme” for Sallah celebrations. Sheriff Almuhajir, the bank’s chief executive officer (CEO), disclosed this in an interview with NAN in Damaturu on Thursday.…

…Says even ordinary Nigeria Vice-President’s residence takes 14 years to complete. The Senate leadership yesterday described the 650,000bpd Dangote Petroleum Refinery as the 9th…

Major oil companies have lamented the impact of oil theft and pipeline vandalism on the availability of crude for local refineries. The Director-General of the Lagos State Chamber of Commerce and Industry, Dr…

Multichoice Nigeria has expressed its dissatisfaction with the recent court ruling directing it to offer a month of free subscription to its…

MTN Nigeria Communications Plc has commissioned an investigation into the activities of its Chief Marketing Officer (CMO) Ms. Adia Sowho who has been…

The Competition and Consumer Protection Tribunal has fined prominent Pay-TV operator, Multichoice Nigeria, N150 million for challenging the jurisdiction of a court sitting in Abuja that recently restrained it from increasing…

Massive withdrawals by customers are currently ongoing in some weak and unstable banks in Nigeria following the unexpected revocation of the license of Heritage Bank…

Oando Plc on Wednesday disclosed that the Johannesburg Stock Exchange (JSE) has lifted trading suspension on its shares. Oando listed on Johannesburg…

Some members of the minority shareholders community have called for a probe of the management and directors of the failed Heritage Bank. The call was…

The Nigeria Police Force has declared wanted an employee of First Bank, named Tijani Miz Adeyinka, over an alleged fraudulent transfer of about N40 billion from customers’ accounts to different bank accounts. …

Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to N127.1 billion by way of a Rights Issue to existing…

The Minister of Information and National Orientation, Mohammed Idris, Wednesday assured that due process would be applied in all stages of the trial of the chief executives of Binance. Idris, who spoke through his Media…

Power distribution companies made a total of N292.71bn revenue in the first quarter of this year despite complaints of inadequate electricity supply by consumers and concerns about the huge indebtedness for power…

…Deploys 400 staff to bank branches for payment of N5m insured deposit Liquidated Heritage Bank Plc whose operating licence was revoked Monday…

President Bola Ahmed Tinubu plans to discontinue the payment of taxes and levies in foreign currency through an executive order. To reduce pressure on the naira, the order also mandates that all levels of government…

The Nigerian Deposit Insurance Corporation(NDIC) has said that ninety-nine percent of Heritage Bank depositors have total balances under N5 million. The Managing Director of the NDIC, Bello Hassan, disclosed this at a…

The federal high court sitting in Lagos has granted the federal government an order of interim forfeiture of properties valued at N11,140,000,000 linked to Godwin Emefiele, the former governor of the Central Bank of Nigeria…