Category: News

Zenith Bank, Femi Otedola reach out-of-court settlement

The owner of Geregu Power and chairman of FBN Holdings, Femi Otedola, has resolved his...

NCC blames malware, background apps, GPS, others for data depletion

The Consumer Affairs Bureau of the Nigerian Communications Commission has identified malware, background apps, Location...

NIPC earned N9bn from tax waiver fees

The Nigerian Investment Promotion Council has received N9.2 billion in revenue from costs associated with...

Foreign companies exit costs Nigeria N94tn in five years

The former Director of Research and Advocacy at the Lagos Chamber of Commerce and Industry...

Blackout hits Abia over geometric power plant gas shortage

Most parts of Aba, the commercial hub of Abia State, have been without power for...

Naira dips by 215% in one year

Since the harmonization of Nigeria’s foreign currency market segments one year ago, the naira has...

Technical, financial support to Nigeria worth over $15bn – W’Bank

The World Bank has stated that its technical advisory and finance to support economic growth...

NUPRC deploys fund managers for Host Community Trust Funds

The Nigerian Upstream Petroleum Regulatory Commission stated it had identified 31 competent fund managers to...

Wema Bank obtain regulatory approval for N40bn rights issue

Wema Bank has obtained regulatory permission for the allotment of its N40 billion rights offering,...

Afreximbank disburses $18bn for crude oil projects across Africa

The African Export-Import Bank 2023 said it granted a total of $18 billion to various...

French Embassy unveils €753,000 waste management project in Nigerian universities

The French Embassy in Nigeria, through its Cooperation and Cultural Department, has initiated a €753,000...

Multichoice had N31.6bn with defunct Heritage Bank – Report

Multichoice Group, owners of DSTV, before the bank’s liquidation, had an account balance of N31.6...