Category: Business

Otedola deepens stake in First HoldCo with fresh N43.41bn equity acquisition

The chairman of First HoldCo Plc, Femi Otedola, has increased his stake in the company...

PenCom removes approval requirement for PFA advertisements

The National Pension Commission has scrapped the requirement for Pension Fund Administrators to seek prior...

DMO announces N600bn FGN bond auction for May

The Debt Management Office has announced, on behalf of the Federal Government, a new N600...

DBN, AfDB seal $61m deal to boost credit access for women-led MSMEs

The Development Bank of Nigeria has entered into a partnership with the African Development Bank...

World Bank warns rising oil prices could worsen food insecurity

The World Bank has cautioned that a sustained rise in oil prices driven by escalating...

eBay rejects GameStop acquisition bid, cites lack of credibility

The board of eBay has turned down US video game retailer GameStop’s surprise $55.5bn (£41bn)...

US colleges see 20% drop in foreign students amid visa clampdown

A new study by a coalition of education groups shows that enrolment of new international...

Transcorp declares ₦20.3bn dividend to shareholders

Transnational Corporation Plc, Transcorp Group, has declared a total dividend of N20.3 billion, representing N2...

General Motors to cut hundreds of IT jobs in cost-saving restructuring push

General Motors is set to lay off hundreds of salaried employees within its information technology...

NNPC, NUPRC remit over N322bn, $116.9m into federation account

The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission remitted more...

NISO raises alarm over massive power theft on Lagos-Ogun transmission line

The Nigerian Independent System Operator has sounded the alarm over what it called widespread electricity...

NJI, NDIC move to boost judicial capacity in financial sector disputes

The National Judicial Institute and the Nigeria Deposit Insurance Corporation on Monday held a sensitisation...