Power tussle: Sanda remains Eko DisCo boss, legal director declares
The power struggle at Eko Electricity Distribution Company appeared to be intensifying as the Legal Director, Babor Egeregor, claimed that Dr. Tinuade Sanda was still Managing Director and Chief Executive…
Access Corporation post N612.4bn profits for 2023
Access Corporation, Nigeria’s largest finance holding company has reported a profit of N612 billion after tax, with a 300% increase when compared with that of the preceding year. This is…
Fidelity bank empowers entrepreneurs with export mgt program
Fidelity Bank Plc, has stepped up its export business support initiatives with the fifteenth edition of its Export Management Program. The Bank had set up a training programme for entrepreneurs…
Game retailer Gamestop lays off workers to cut cost
The video game retailer, GameStop, announced on Tuesday that it has implemented workforce reductions as part of its cost-cutting measures, amidst facing lower fourth-quarter revenue. The decline in revenue is…
Interest rate: Private sector predicts higher inflation, massive job cuts
Private sector operators stated on Tuesday, that the rise in Nigeria’s Monetary Policy Rate, from 22.75 per cent to 24.75 per cent by the Central Bank of Nigeria would further…
Interest rate hike won’t be for too long, says Cardoso
The CBN governor Olayemi Cardoso, affirmed that the current spate of monetary policy tightening measures by the CBN would not be long drawn and would be relaxed once there were…
US charges KuCoin crypto exchange with laundering
Federal prosecutors in Manhattan on Tuesday, brought charges against KuCoin, a leading global cryptocurrency exchange, alleging violations of U.S. anti-money laundering laws. Since its establishment in 2017, KuCoin purportedly failed…
NACC reaffirms commitment to promoting SMEs growth
Onwubuke Melvin The President of the Nigerian American Chamber of Commerce, Mrs Adebola Williams, has affirmed the chamber’s commitment to promoting the growth of Small and Medium Enterprises, to ensure…
NACCIMA raises concern over CBN’s interest rate hike
Onwubuke Melvin The National President, of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, Dele Oye, said the group was deeply concerned with how the apex…
Musk’s xAI to enable chatbot for premium X subscribers
Elon Musk announced on Tuesday that xAI's artificial intelligence chatbot, Grok, will now be available to all premium subscribers of the social media platform X, formerly known as Twitter. This…
Women in energy sector demand inclusion for economic growth
The Women in Energy, Oil, and Gas have called for better inclusion of women in the industry to foster growth in the Nigerian economy. The WEOG, during its Strategic Women…
FEC approves N60 billion for SMEs scheme
The Federal Executive Council has granted approval for the disbursement of N60 billion from the Central Bank of Nigeria through the Agric Small and Medium Enterprises Investment Scheme. The scheme…