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UBA’s Tony Elumelu takes over Seplat Energy as chairman
The chairman of United Bank of Africa has emerged as the chairman of Seplat Energy. This will see…
Otedola to Invest $100 Million in Dangote Refinery
Femi Otedola, Chairman of First HoldCo, has announced plans to invest $100 million in the Dangote Refinery. He…
What CBN’s new policy on diaspora remittances means for naira to dollar exchange — Gwadabe
The president of the Association of Bureaux De Change Operators of Nigeria, Aminu Gwadabe, has thrown his weight…
FG moves to curb imported used vehicles
The federal government, in an effort to remove unsafe and dangerous vehicles from Nigerian roads, has intensified efforts…
Why Cement Is Cheaper Abroad Than In Nigeria – Dangote
President of Dangote Group, Aliko Dangote, has blamed high taxes and heavy regulatory burdens for making cement produced…
Nigeria’s capital market now Africa’s strongest signal for opportunities – Tinubu
President Bola Tinubu has described Nigeria’s capital market as Africa’s strongest signal for reforms, resilience and opportunities.Japan trip…
Binance official detained in Nigeria leaves cryptocurrency firm
Tigran Gambaryan, head of financial crime compliance at Binance Holdings Ltd., has resigned from the company. Gambaryan, a…
Poultry farmers lament low egg consumption, blame greedy retailers
The Poultry Association of Nigeria, Lagos State chapter, has attributed the reduced patronage of eggs to low purchasing…
Fuel importers may run out of business soon – Refiners
Crude Oil Refinery Owners Association of Nigeria has projected that importers of petroleum products in Nigeria may soon…
First Bank announces new name, shareholders approve new identity
FBN Holdings Plc, a leading financial company, has rebranded as First HoldCo Plc (FirstHoldCo), a move aimed at…
Kebbi Govt Set To Remove Multiple Taxation To Ease Small Businesses
Kebbi State Government is set to introduce a ‘single demand notice’ to remove multiple taxation and enable micro-,…
Idle Ajaokuta Steel workers got N38.9bn salaries in 10 years – Investigation
The Federal Government has paid workers of the moribund Ajaokuta Steel Company the total sum of N38.9bn as…
Innoson Motors CEO Meets Tinubu, Pledges Partnership On CNG Vehicles
The Managing Director and CEO of Innoson Motors, Nigeria’s Indigenous automaker, Innocent Chukwuma, has expressed optimism about the…
FCCPC Hits Coca-Cola, NBC with Final Warning For Misleading Product Labelling
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a regulatory warning to Coca-Cola Nigeria Ltd and…
Dangote scraps planned investment in steel after FG’s monopoly accusation
Africa’s richest man and chairman of Dangote Industries Limited (DIL), Aliko Dangote, has pulled the plug on the…
Court Orders 9Mobile To Pay N55.8bn Debt Owed Keystone Bank
The Federal High Court in Lagos presided over by Justice Yelim Bogoro has ordered Teleology Nigeria Limited, owners…
Nigerian subscribers down to 8.1 million as MultiChoice losses climb to $217m
South African pay-TV group, MultiChoice reported total annual losses of R4 billion ($217 million) on revenues of R56…
Diageo Sells Major Shares In Guinness Nigeria To Tolaram
Tolaram has agreed to acquire Diageo’s 58.02% shareholding in Guinness Nigeria Plc. Guinness made this announcement via a…
Sanwo-Olu Lauds Jumia’s investment In e-Commerce
Lagos State Governor Babajide Sanwo-Olu has lauded Jumia for its investment drive in Nigeria’s e-commerce industry. Sanwo-Olu explained…
CAC: Police To Go After Unregistered PoS Operators
The Federal Government has said mandatory registration of Point-of-Sales operators nationwide will reduce kidnapping and help security agencies…