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Business

FCMB announces appointment of Felicia Obozuwa as its Executive Director, Corporate Services and Service Management.

FCMB Announces Appointment of Executive Director

Ayorinde Oluokun

1 year ago

The appointment of Obozuwa followed approval from the Central Bank of Nigeria (CBN), FCMB said in a statement on Thursday.…
CBN

Central Bank of Nigeria drops hammer on nine banks

Paul Dada

1 year ago

Sidi-Ali said that each of the banks was fined N150 million for non-compliance, in line with the CBN’s cash distribution…
Fortrust

Fortrust Asset Management launched with bold vision for financial growth

Kazeem Ugbodaga

1 year ago

The CEO emphasised that Fortrust is dedicated to helping individuals, families, and organisations achieve their financial aspirations while navigating the…
Lagos

GDP growth: Lagos partners SMEDAN on data collection

Paul Dada

1 year ago

“Despite its undeniable importance, the informal sector remains underrepresented in economic data and planning, limiting its potential for growth and…
Investors lose N1.14trn as NGX reacts to MPC decision

Investors gain N792bn as NGX maintains upward trend

Ayorinde Oluokun

1 year ago

The All-Share Index also gained 0.125 per cent or 1300 points, to close at 105,530.74, in contrast to 104,230.73 recorded…
LASTMA

Lagos sets record: Sanwo-Olu signs largest sub-National budget of ₦3.366trn

Paul Dada

1 year ago

The House of Assembly had on Monday, approved a budget of N3.37 trillion for the 2025 fiscal year, injecting an…
Taiwo ‘Dayo-Abatan (Regional HR Head – Sub-Saharan Africa)

VFS Global celebrates major workforce recognition milestones

Michael Adesina

1 year ago

VFS Global is the world's largest outsourcing and technology services specialist for governments and diplomatic missions.
First Bank

Steady GDP growth on horizon: First Bank predicts Nigeria’s 2025 comeback

Kazeem Ugbodaga

1 year ago

Despite these challenges, Alebiosu highlighted steady GDP growth, with a 3.46% increase recorded in the third quarter of 2024.
Nigerian govt to review IHS Towers, MTN Group $6.2bn acquisition deal

Telecom tariffs increase will not be by 100%, says minister

Isa Isawade

1 year ago

“We want to strike the balance as a government, to protect our people, but also protect and ensure that these…
Tomato farmers

Tomato farmers seek FG’s intervention to reduce post-harvest losses

Paul Dada

1 year ago

He said that with the appropriate equipment and facilities tomato farmers would reduce post-harvest losses of the produce.

Airtel CEO insists on tariff hike

Paul Dada

1 year ago

“This step will enable us to invest in capacity, expand coverage, and enhance service delivery, ensuring Nigeria remains competitive in…
GTCO

GTCO raises ₦209bn in successful first phase of Equity Capital Programme

Kazeem Ugbodaga

1 year ago

The Offer, which generated strong interest from domestic retail investors, saw a total of 130,617 valid applications for 4,705,800,290 Ordinary…
CBN

CBN’s mass sack scandal: Staff sue for reinstatement, N30bn damages

Kazeem Ugbodaga

1 year ago

The staff, who are represented by Okwudili Abanum in a class action lawsuit, are seeking a declaration that their dismissal…
SEC

2025: SEC unveils agenda for capital market

Ayorinde Oluokun

1 year ago

The Director General of SEC, Dr Emomotimi Agama, said this in his New Year message to the capital market community…
BUA Group dismisses report that the refinery and petrochemical plant it is constructing in Akwa Ibom State is at 90 per cent completion stage.

“Construction progressing steadily,” BUA Group gives update on Akwa Ibom Refinery

Ayorinde Oluokun

1 year ago

Whilst the refinery is not at 90% completion, we are however on track to meet our delivery timelines in collaboration…
onions

Why onion’s price went up – farmers

Isa Isawade

1 year ago

“That even when we harvest enough during the season because we lack improved technology of onion storage, we are being…
Investors lose N1.14trn as NGX reacts to MPC decision

NGX soars to N248bn gain as Market momentum shatters expectations

Kazeem Ugbodaga

1 year ago

Conversely, Total Nigeria led the losers' table with a 9.74 per cent drop, closing at N630. Computer Warehouse Group followed…
NNPC Ltd. says the second Port Harcourt Refinery and Kaduna Refinery are undergoing a comprehensive overhaul to meet world-class standards.

We’re overhauling Kaduna, 2nd PH refineries to world-class standard – NNPC

Ayorinde Oluokun

1 year ago

The company said the rehabilitation done at the 60,000 bpd Port Harcourt Refinery and Warri Refinery was not the typical…
Stock Market

Stock market opens 2025 with N155bn gain

Ayorinde Oluokun

1 year ago

By Rukayat Adeyemi The stock market started year 2025 on a strong note, delivering an impressive N155 billion profit to…

NGX reviews market indices amid entries, exits of companies

Ayorinde Oluokun

1 year ago

NGX, in a report, listed the affected indices as, NGX 30; NGX Lotus Islamic; NGX Pension; NGX Pension Broad Index;…
Stock Market

2024: Stock market thrives amid banking reforms, new listings

Ayorinde Oluokun

1 year ago

According to the Nigerian Exchange Ltd. (NGX), the All-Share Index delivered a stellar return of 283.45 per cent since 2020,…
NCC

NATCOMS rejects alleged hike in telecom tariff, urges NCC to nullify it

Ayorinde Oluokun

1 year ago

NCC, when contacted for its reaction, said all issues around the tariff hike should be ignored. The Commission also said…
KEDCO says it lost about 6,000 transformers to vandals in Jigawa, Kano, and Katsina states during the recent four-day nationwide blackout

Jigawa consolidates shareholding in Kano Disco with N1bn

Ayorinde Oluokun

1 year ago

Musa said the gesture was in fulfilment of the Memorandum of Understanding (MoU) signed between Jigawa state government and the…
Abiodun

Abiodun Signs N1.054tn 2025 Appropriation Bill into Law

Kazeem Ugbodaga

1 year ago

He also highlighted plans to enhance basic infrastructure, including more Memoranda of Understanding (MoUs) with corporate partners in key sectors…
UBA

Plan ahead! UBA, Ecobank drop important information that will affect customers

Kazeem Ugbodaga

1 year ago

In a message to its customers, UBA announced: “As we prepare for the New Year celebrations, our branches will close…
FCMB Group Plc announces successful completion of public offer following the approvals of the CBN and the SEC

FCMB Group completes public offer, raises ₦147.5bn with 33% oversubscription 

Ayorinde Oluokun

1 year ago

Regulatory approvals have also been received to downstream the net proceeds of the public offer from the holding company to…
NNPCL

Warri Refinery now up and running

Paul Dada

1 year ago

“I must put on record the development was as a result of the charge by Mr President that we must…
ALTON warns that telecoms operators could not continue to guarantee service availability if nothing was done to increase the existing tariff.

We can’t continue to guarantee service availability without tariff review – Telecom operators

Ayorinde Oluokun

1 year ago

ALTON, in the statement said the Nigerian telecommunications industry was facing a critical challenge that required urgent attention and members…
NCC

Debt: NCC grants MTN approval to disconnect Exchange Telecommunications

Ayorinde Oluokun

1 year ago

NCC said the disconnection of the Exchange Telecommunications to MTN was in accordance with Section 100 of the Nigerian Communications…
GTBank

GTBank drops important information that may affect customers

Kazeem Ugbodaga

1 year ago

GTBank reassured customers that its digital channels would provide seamless alternatives to branch services, ensuring that banking activities continue smoothly…
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