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Legacy Debt: Fidelity Bank Computes N14bn Settlement After Apex Court Ruling
Fidelity Bank has confirmed the Supreme Court’s final ruling in the case involving GCappa Plc and Sagecom Concepts Limited, stating that it has computed...
Banking & Finance
Economy
NDE, DBX embarks on skills upgrade, Business Training for Abia Citizens
The National Directorate of Employment (NDE) in Abia State, has said it is collaborating with DBX Integrated Business Limited to upgrade the skills of...
Technology
Customs, American Business Council Agree to Deepen Partnership on Trade Facilitation
by Niyi Jacobs
The Nigeria Customs Service (NCS) and the American Business Council (ABC) have agreed to strengthen collaboration through structured engagements aimed at...
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Naira Soars to 2-Month High After Record-Breaking Domestic Dollar Bond Sale
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The Naira has made a significant leap, gaining 4.8% against the dollar on Wednesday, its largest increase since July 22. This surge comes on...
Achieving goal of $200 billion in FX repatriation
The Central Bank of Nigeria (CBN) is working hard to achieves the goal of $200 billion in FX repatriation, exclusively from non-oil exports, over...
GTCO Raises ₦209Bn in First Phase of Equity Capital Raise
Abiodun JIMOH
Guaranty Trust Holding Company Plc (GTCO Plc) has successfully completed the first phase of its equity capital raise programme, raising ₦209.41 billion...
Recapitalization: Nigeria May See Fewer M&As as Banks Strengthen Capital Base – Fitch
By NIyi Jacobs
Nigerian banks are making significant strides in raising core capital to meet the Central Bank of Nigeria's (CBN) new paid-in capital requirements,...
News
Nigerian Entrepreneur Alleges Powerful Political Figure Threatened Him Over $300,000 Cash Deal
Effiong Jeremiah Essien, a 27-year-old Nigerian entrepreneur and former professional footballer, has accused Mr. Isumaila Sanusi, a politically influential figure with strong ties to...
AGF Pledges Aggressive Revenue Drive to Address Shortfalls
by Niyi Jacobs
The Accountant-General of the Federation (AGF), Mrs. Oluwatoyin Madein, has pledged to address Nigeria’s revenue shortfalls through aggressive revenue mobilization strategies. She...
FG’s N625 Billion Aid Distribution Under Scrutiny: Nigerians Demand Evidence of Beneficiaries
By Niyi JacobsThe Nigerian government's claim that it has distributed N625 billion to 25 million citizens has ignited a fierce backlash, with many citizens...
FENRAD Urges Governor Otti to Address Pension Arrears, Reject Forfeiture Agreement
by NIyi JACOBS
The Foundation for Environmental Rights, Advocacy & Development (FENRAD) has called on Abia State Governor, Alex Otti, to urgently intervene in the...
EFCC Secures 2220 Convictions in 2021
The Economic and Financial Crimes Commission, EFCC, secured a total of 2220 (Two Thousand Two Hundred and Twenty) convictions across all its Commands in...
Investments
WAISA establishes College of Insurance Superiors
The West African Insurance Supervisors Association (WAISA) has established the College of Insurance Supervisors for the West African Monetary Zone (CISWAMZ).
According to a statement...
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