Otedola Explains N748bn Loan Cleanup as First HoldCo Profit Drops 92%
Chairman of First Bank Holdings, Mr Femi Otedola, has justified the company’s decision to take a one-time N748 billion charge to wipe off legacy bad...
Category : Business
Do Kwon Jailed 15 Years Over $40bn TerraUSD & Luna Token Scam
A US court has handed cryptocurrency magnate Do Kwon a 15-year prison sentence, closing a saga that erased $40 billion in investor wealth and rattled...
NUPRC Confirms Release of $185m, N14.9bn Frontier Exploration Fund to NNPC Ltd
The Nigerian Upstream Petroleum Regulatory Commission has confirmed that more than $185m and N14.9bn have been released to the Nigerian National Petroleum Company Limited from...
Miners Association Rejects Nationwide Mining Ban, Says Suspension Will Worsen Insecurity
The Miners Association of Nigeria has rejected calls for a nationwide suspension of mining activities, insisting that a blanket ban would worsen insecurity rather than...
CBN Orders Banks to Withdraw Misleading Adverts, Tightens Marketing Rules
The Central Bank of Nigeria has ordered all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement that violates established...
Nigeria’s Growth Lies in Entrepreneurship, Not Foreign Aids — Tony Elumelu
United Bank for Africa (UBA) Chairman, Tony Elumelu, says Nigeria’s long-term growth will be powered by entrepreneurs rather than government handouts or foreign aid. Speaking...
Just In: FG Suspends 15% Import Duty on Petrol and Diesel
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced the suspension of the 15% ad-valorem import duty on imported Premium Motor Spirit (PMS)...
Ethiopia Beats Nigeria to Host COP32 Climate Summit in 2027
Ethiopia is poised to be confirmed as the host of the COP32 climate summit in 2027, according to a report by Reuters quoting André Corrêa...