Category: Business
CBN fines four banks N5.8bn, MTN for illegal funds repatriation
The Central Bank of Nigeria has imposed heavy fines totalling N5.87bn on four banks under its regulatory purview for alleged illegal funds repatriatio [...]
Prime Minister, Theresa May speaks on experience in Nigeria
British Prime Minister, Theresa May, says she had an excellent time in Nigeria and hopes to see increased trade and investment between Nigeria and the [...]
Aliko Dangote’s oil refinery may be delayed till 2022
The oil refinery being built in Lagos by Dangote Group is unlikely to start production until 2022, two years later than the target date. Reuters quote [...]
Federal Mortgage Bank reduces conditions for housing loan
Nigerians above 18 with a steady paycheck will now be able to access up to N5 million housing loan from the Federal Mortgage Bank of Nigeria without e [...]
GTBank records profit before tax of N109.6BN for H1 2018 audited results
Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A re [...]
OAU loses accreditation for Law, Dentistry, Botany
The Obafemi Awolowo University, Ile-Ife, Osun State, has lost accreditation for four of the courses offered in the institution. The National Universi [...]
Dangote donates N.3bn business school to University of Ibadan
Leading businessman and Chairman of Aliko Dangote Foundation, Alhaji Aliko Dangote has challenged the government to muster the will to provide critica [...]
Public servants must fly Nigerian carriers – FG
In order to make indigenous airlines viable, the Federal Government on Tuesday announced that it had commenced moves that would compel public servants [...]
Dangote Cement invests $3bn on plants, grinding terminals across Africa, employs 27,952 Nigerians in 2017
Group Chief Executive Officer of Dangote Cement, Joe Makoju has revealed that the company has invested a whopping $3B to build manufacturing plants an [...]
Twitter appoints Ngozi Okonjo-Iweala to its board
Twitter has appointed former Nigerian finance minister Ngozi Okonjo-Iweala and former World Bank chief Robert Zoellick as directors as it reshuffled i [...]