UBA Surpasses N1tn Market Capitalisation Mark Amidst Impressive Financials, Recognitions
UNITED Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its.
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Emefiele: EFCC Storms Dangote Head Office Over FX Transaction
OPERATIVES of the Economic and Financial Crimes Commission (EFCC) have reportedly stormed the head office of Dangote Group and 51 others where they.
Business
NOVA Merchant Bank Set To Begin Commercial Banking, Appoints Adebowale Oyedeji As MD/CEO
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial.
Business
Nine Multinational Companies That Exited Nigeria Amid Economic Challenges In 2023
THROUGHOUT 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes and.
Business
BUA Vows To Maintain N3500 Cement Price From January
ALHAJI Abdul-Samad Rabiu, Chairman of the BUA Group, said that the company would maintain its promise of selling cement at the price of.
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CBN Investigator Summons Titan Bank Chairman, Lemo, Others Over Union Bank Acquisition
THE Special CBN Investigator, Jim Obazee, has summoned the Chairman of Titan Trust Bank, Babatunde Lemo, in connection with the acquisition of Union.
Business
Africa’s Richest Woman, Alakija Acquires Six Oil Blocks In Sierra Leone
F.A OIL Limited, a company owned by Nigerian billionaire and Africa’s richest woman, Folorunso Alakija, has been awarded exploration rights in six offshore.
Business
CBN Lifts Ban On Cryptocurrency Transactions
THE Central Bank of Nigeria has changed its stance on crypto assets in the country and asked banks to disregard its earlier ban.
Business
Nigeria’s Debt Hit N87.9trn By September 2023 – DMO
THE Debt Management Office (DMO) said Nigeria’s total public debt as at September 30, 2023 was N87.91trn or $114.35bn. The DMO, in a.
Business
Dangote Cement Marks Host Community Day With Multi-Million-Naira Empowerment Programmes
DANGOTE Cement Plc, Ibese Plant, has marked its 2023 Host Community Day in a grand style with the unveiling of four multi-million Naira.
Business
CBN Orders Banks To Suspend Charges For All Cash Deposits
THE Central Bank of Nigeria has suspended the processing fees on large cash deposits, a release by the Acting Director of Supervision, Dr.
Business
Why There Is Naira Scarcity Nationwide – CBN
THE Central Bank of Nigeria (CBN) has explained the reasons behind scarcity of naira notes in the country. This comes following a series.
Business
Dangote Cement Inducts Graduate Trainees To Boost Employment
DANGOTE Cement Plc, last weekend, inducted 81 trainees in its Graduate Trainee programme to boost employment in the country. The company, it would.
Business
Second Crude Supply To Arrive In Three Weeks – Dangote Refinery
DANGOTE Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its.
Business
Fake Naira Notes In Circulation, CBN Warns Nigerians
THE Central Bank of Nigeria has warned Nigerians to be wary of counterfeit naira notes in circulation amid reports of currency shortage in.
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Blocked Funds: ‘Some Foreign Airlines Will Leave Nigeria Soon’
THE International Air Transport Association has warned the Central Bank of Nigeria that some foreign airlines may be forced to quit the Nigerian.
Business
Nigeria, Kuwait Sign Agreement For Commencement Of Direct Flights
THE Nigerian government has signed a Bilateral Air Services Agreement (BASA) with Kuwait for the commencement of direct flights. This was disclosed by.
Business
Cash Shortage Hits Banks, Customers Rush For BVN/NIN Revalidation
HUGE crowd besieged banking halls on Monday, as customers moved to link their Bank Verification Numbers and National Identity Numbers to their bank.
Business
UBA Wins Nine At Bankers Awards 2023
UBA, a leading pan-African financial institution, has won nine prestigious awards at The Bankers Awards 2023, solidifying its position as the leading financial.
Business
Dangote Bags Second NECA’s Lifetime Achievement Award
FOR the second consecutive year, Aliko Dangote, Africa’s foremost entrepreneur and humanist, was honoured with a Lifetime Achievement Award and accorded special recognition.