Business

Forgery allegation against MD, other officials untrue, spurious – First Bank management

“The bank operates by the highest standards of ethical conduct and will under no circumstances involve itself in any act of illegality just...

Cash crunch: Commercial banks to open Saturday, Sunday — CBN

“The CBN has directed all banks to load their Automated Teller Machines (ATMs) as well as conduct physical operations in the banking halls...

Naira scarcity: Reps demand overhaul of internet banking platforms

Nigeria’s Central Bank has been directed by the House of Representatives to order commercial banks to overhaul their existing online/electronic banking platforms for...

Nigeria Air to commence flights before May 29, says Sirika

The Minister of Aviation, Sen. Hadi Sirika, has disclosed that the proposed national carrier, Nigeria Air, will fly before May 29, 2023. Sirika,...

Another crisis rocks Seplat Energy as it terminates consultancy agreement with ex-chairman

An end is not in sight yet to the crisis rocking Seplat Energy as its Board of Directors unanimously terminated the consultancy agreement...

60 entrepreneurs celebrate Tony Elumelu, doyen of Nigerian economy, the torchbearer of Africapitalism, as he turns 60

Anthony Onyemachi Elumelu, CFR, hits the diamond jubilee and the start of his golden years as the Nigerian economist and philanthropist, who was...

Ease of doing business at Nigeria’s seaports: Maritime stakeholders hail Bello-Koko’s achievements

For the massive gains recorded in the ease of doing business at the seaports across the country, maritime stakeholders including the licensed customs...

Bank notes scarcity: Time up for PoS operators?

To avoid putting up with massive crowds at banking halls and ATMs, Nigerians who are looking for cash have to choose between paying...

Non-stop flights to Barbados coming soon to Lagos airport

If you have been dreaming about a visit to the Caribbean Islands, relaxing beaches and white sandy beaches, clear pristine waters, dancing day...

Aramco’s profit soars 46% to record $161bn on higher oil prices

Saudi Arabia’s Aramco the world’s largest oil-exporting company, said annual net profit surged 46 per cent in 2022, driven by higher oil prices Amin...

CBN’s cash swap initiative for unbanked populace ends

  The Central Bank of Nigeria (CBN) has said the cash swap programme for the unbanked population in the rural areas has ended....

Rejection of old Naira notes: Kogi gov. threatens to seal erring banks, prosecute people rejecting it 

Kogi Gov. Yahaya Bello has sounded a note of warning to banks which reject old notes in the state that they will be...

CBN rolls out guidelines for open banking

In a bid to enhance efficiency, competition, and access to financial services in the country, the Central Bank of Nigeria (CBN) has rolled...

Racism: Seplat CEO, Roger Brown in trouble as his visa, residence, work permits are revoked 

Following allegations of racism, favouring of foreign workers, and discriminating against Nigerian employees levelled against him, the work permit, visa, and residence permit...

April 2023 population census: Leverage technology to reduce human errors, UBA Chairman, Elumelu, urges NPC

As the nation prepares for the April census, Mr Tony Elumelu, the Chairman, United Bank for Africa (UBA) Plc and Heirs Holdings Group,...

Court adjourns Seplat’s alleged defamation suit against media house to April 26

The defamation suit brought against Persecond News Limited by Seplat Energy Plc was on Thursday adjourned until April 26 following the absence of...