Category: Business
More Naira notes as banks get old notes deposited with CBN
Reliable sources in the Central Bank of Nigeria, CBN said banks have been instructed to collect the old Naira noted they deposited in CBN and that bef [...]
How suspension of Seplat’s CEO, Roger Brown for alleged racism of Nigerian workers cost shareholders N73bn loss
Seplat Energy Plc has lost N73.5bn of its market value in the hit of the racism scandal linked to its suspended Chief Executive Officer, Roger Brown.
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IWD: ‘Women play crucial roles in Dangote Group success story’- Fatima Aliko Dangote
The Executive Director, Commercial, NASCON Allied Industries, Fatima Aliko Dangote has revealed that the Dangote Group has invested in innovative tech [...]
AfDB slams Ogon-Asu Company Ltd, CEO with 15-month debarment for committing fraud
The African Development Bank Group (AfDB) has announced the 15-month debarment of Ogon-Asu Company Ltd, a Nigerian construction company, and William O [...]
FG revokes Seplat CEO, Roger Brown’s visa, work permit for alleged racism
The work permit, visa, and residence permit of Roger Brown, Chief Executive Officer (CEO) of Seplat Energy Plc one of Nigeria’s biggest oil company ha [...]
N2.9bn stolen from accounts of top fintech company, Flutterwave
Hackers have reportedly stolen $4 million about ₦2.9 billion from leading Nigerian fintech unicorn, Flutterwave.
The hack occurred in early Februar [...]
Zenith bank transitions to holding company
The Central Bank of Nigeria has granted approval in principle for Zenith Bank Plc to transition into a non-operating financial holding company structu [...]
Supreme Court rules against CBN policy, orders old notes remain legal tenders till Dec 31
The Supreme Court on Friday ordered that old N200, N500, N1,000 notes remain in circulation till December 31, 2023.
The apex court also nullified t [...]
Buhari hails CACOVID for raising his profile among comity of nations, for donating 350 security vehicles
As the private sector-led Coalition Against Covid-19 (CACOVID) winds down, President Muhammadu Buhari has commended the initiative of private sector o [...]
EFCC investigates Onajite Okoloko’s Eroto as NNPCL takes over its asset
The Nigerian National Petroleum Company Limited, NNPCL has taken over business man, Onajite Okoloko's Eroton Exploration & Production Company Limi [...]