Dangote Sugar names Lawan Wabi non-executive director
Mrs. Yabawa Lawan Wabi has been appointed by the board of directors of Dangote Sugar Refinery Plc as an independent Non-Executive Director. Nairametrics reported that the appointment was disclosed in…
US firm launches $30m fund for women-owned startups
Los Angeles Cleantech Incubator has launched a second fund and it's supported by the former California Governor Arnold Schwarzenegger. The aim of the funds is to help communities who cannot…
Lagos airport runway shutdown mustn’t exceed eight weeks – Stakeholders
The Federal Airports Authority of Nigeria have been advised by some stakeholders to stick with the eight weeks period that have been scheduled for the maintenance of the Runway 18R…
Group target ‘ambitious’ N30trn asset in 30 years
Lancelot Group has announced its projections to grow its assets to N10tn in the next 30 years. The Group Executive Chairman Mr Adebayo Adeleke, said this in a statement during…
BREAKING: CBN bows to pressure, okays Dec 31 old naira notes deadline
Cbn itThe Central Bank of Nigeria has said that the old N200, N500, N1,000 banknotes remain legal tender till December 31, 2023. This announcement was made by the apex…
Don’t issue old notes if you won’t accept deposit, Adeleke tells banks
Wilson Adekumola The Governor of Osun State, Ademola Adeleke, has told the commercial banks in the state to halt issuing old naira notes to customers if they will not…
NCC approves harmonized short codes for telecom services
The Nigerian Communications Commission has instructed mobile network operators to start implementing authorized harmonised short codes for offering specific services to telecom users in Nigeria as part of its consumer-centric approach to…
Shareholders sue Silicon Valley Bank, CEO, CFO for fraud
Silicon Valley Bank Financial Group, the Chief Executive Officer, and Chief Financial officer were sued on Monday by shareholders. Reuters reported that the shareholders accused them of concealing that the…
Old naira: Buhari never told Emefiele, Malami to shun S’Court order, says presidency
Juliet Buna The Presidency has denied allegations that it ordered the Attorney general and Central Bank of Nigeria to defy the Apex court's order. According to a release by…
CBN disowns Soludo’s old naira statement
The Central Bank of Nigeria has debunked claims of ordering banks nationwide to begin dispensing and accepting old naira notes. This development on Monday is coming after a former…
Oil prices fall after Silicon Valley Bank collapse
The close down of Silicon Valley Bank has raised fears of new financial crises as oil prices fell on Monday along with equities. Reuters reported that Brent crude fell by…
SEC confident PAPSS’ll boost trading opportunities in Africa
The Securities and Exchange Commission has said that the Pan-African Payment Settlement System would promote intra-African commerce and aid in the diversification of the capital market. According to Nairametrics, the head of the…
