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Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025
News

Court adjourns GTB Vs Afex contempt suit to June 27

The Federal High Court in Lagos, on Thursday, scheduled a hearing for June 27, 2024, in the contempt suit filed by Guaranty Trust Bank Plc against the directors of AFEX Exchange Commodities Limited over a N17.81 billion loan. Justice Chukwujekwu Aneke, who presided over the court, set the date after hearing the arguments and submissions […]

News

Hacker group Anonymous threatens Kenyan MPs over finance bill

One week after the phone numbers of Kenyan government officials were leaked online, the hacker group Anonymous has issued a threat to expose “corrupt deals involving members of parliament (MPs)” if they vote to pass the 2024 Finance Bill on Thursday. Anonymous, founded in 2003, aims to raise mass awareness and inspire revolution against what […]

Banking News

Fidelity Bank launch N127bn capital raise

Fidelity Bank Plc launched its N127.10 billion rights issue and public offer on Thursday, becoming the first bank to go public after the Central Bank of Nigeria’s recapitalisation decision was announced in March. On Thursday, Fidelity Bank launched a public offering of 10 billion ordinary shares of 50 kobo each at N9.75 per share, as […]

featured News

FG begins N2.7tn subsidy debt probe

The federal government has commenced the scheduled audit of the N2.7 trillion gasoline subsidy claim made by the Nigerian National Petroleum Company Limited. KPMG, an audit firm, conducted an initial audit, which reduced the claims from N6 trillion to N2.7 trillion, according to The Punch. However, in the current audit, the government stated that it […]

Electricity News

FG to initiate electricity offences tribunal

The Federal Government said that it was finalizing the process of establishing an electricity offences tribunal with an appeal system to quickly address power-related offenses. It also stated that a total of 2,655,488 meters in the power sector had been tested and calibrated, with the majority of the equipment having been deployed for usage by […]

Business News

Stakeholders worry over imposed NMDPRA $2,000 registration fee

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has placed a $2,000 registration fee on indigenous shipowners, raising concerns among maritime stakeholders. The former Director General of the Nigerian Maritime Administration and Safety Agency, Temisan Omatseye, while speaking in Lagos recently at the 2024 Stakeholders Engagement, bemoaned the two license payments that indigenous shipowners imposed […]

News

Free trade zones can generate over N11tn – Experts

Experts say that the country’s Free Trade Zones have the potential to contribute more than N11.11 trillion in remittances to the Federation Account. The Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf stated that the free zones could outperform the record they had reported, according to The Punch. He said that […]

News

Nigeria’s fiscal framework not appealling for mining investment – KPMG

KMPG, an international auditing and consulting firm has stated in a report that the current fiscal frameworks, which include tax policies in Nigeria’s mining sector, are not appealing enough to encourage necessary investments and do not take the sector’s unique characteristics into account. According to the report, despite several federal governments’ attempts to revitalize the […]

News

NADDC seeks partnership with banks to bridge $1trn funding gap

The Director-General of the National Automotive Design and Development Council, Joseph Osanipin has said that discussions with development banks and other partners are ongoing to bridge the car industry’s anticipated $1 trillion funding need. This was disclosed by Osanipin during his address to press men in Abuja, according to Businessday. He underlined the importance of […]

 Tapswap postpones token allocation indefinitely
News

 Tapswap postpones token allocation indefinitely

The popular tap-to-earn app powered by the TON Blockchain, Tapswap, has announced an indefinite postponement of token allocation to its users. The announcement was made by John Robbin, Tapswap’s Head of Communications, during an X space on Wednesday. The app, which requires users to repeatedly tap an icon on the Telegram Tapswap bot screen to […]

News Tech

OpenAI rival, Anthropic unveils ‘most powerful AI yet’

Anthropic, an OpenAI rival, unveiled Claude 3.5 Sonnet, its most potent AI model to date, on Thursday. Claude is among the chatbots that have become quite popular in the last year, along with Google’s Gemini and OpenAI’s ChatGPT. Amazon, Salesforce, Google, and former OpenAI research executives are among the investors in Anthropic. It has closed […]