Category Archives: BUSINESS
First Bank Directors Accuse EFCC Of Cover-Up In Petition Against Ex- MD, Adeduntan
Some directors of First Bank have accused the Economic and Financial Crimes Commission (EFCC) of failure to act on the petition they wrote against the immediate past Managing Director of the bank, Adesola Adeduntan. Adeduntan, whose tenure was to officially
CBN Revokes Heritage Bank Licence Over Financial Instability
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, citing the bank’s failure to improve its financial performance, which poses a threat to financial stability. The revocation, which takes immediate effect, was announced in
SunTrust Bank Faces Multi-Million Dollar Lawsuit Over Contract Dispute
An International Offshore Oilfield Support and Solutions company which operates in the Oil and Gas industry, maintains branches in Ghana,Cyprus, Guyana and Mauritius and works with international partners in Oil industry, CARACAL OIL & GAS SERVICES LIMITED has slammed $1,140,000
Aliko Dangote Foundation, WEF Announce 2024 Class of Dangote Fellows
Aliko Dangote Foundation (ADF), in conjunction with the World Economic Forum (WEF) and Forum of Young Global Leaders (YGL), has unveiled gifted and high calibre individuals for the esteemed 2024 class of the World Economic Forum Young Global
First Bank MD, Adeduntan Resigns Abruptly As Action Fuels Crisis Tale Rocking the Institution
The Managing Director and Chief Executive Officer (CEO) of First Bank Nigeria Limited, Dr. Adesola Adeduntan, has resigned from the bank abruptly to pursue other interests. Adeduntan’s ‘s tenure is supposed to expire on 31 December, 2024 but he could
Wema Bank removes fintech partners from platform over fraud
Wema Bank has said that it has removed and suspended about seven fintech partners from its payment gateway platform over fraudulent activities. This is as the bank unveiled an anti-fraud campaign to protect its customers and other Nigerians against fraudulent
Fresh Board Squabbles Rock First Bank, threaten Recapitilisation
Fresh board squabbles rock First Bank, threaten recapitilisation A fresh round of squabbles is currently rocking the board of First Bank of Nigeria, a development shareholders fear poses major threat to the bid by the first generation financial institution to
The Role of Nigeria Custom in Food Smuggling, How to Tackle the Menace
The Nationals Bureau of statistics, NBS said Nigeria’s annual inflation rate rose to 29.90 per cent in January 2024 from 28.92 per cent in December 2023. Of utmost concern to Nigerians is food inflation and according to the report, food
Dangote Cement Wins Environmental Sustainability Award
The Dangote Cement Plc has emerged the winner of the 2023 NatureNews Environmental Sustainability Award. The award was conferred on the company Tuesday at the 3rd Anniversary Lecture of NatureNews and Presentation of the Hero of Environmental Actions for
Three Teams Emerge Winners in HabariPay’s Take-on-Squad Hackathon 1.0 for University Undergraduates
After days of intense collaboration, innovation, and problem-solving, three teams – Team Within, Team X, and Team Storepoint – emerged winners in the inaugural Take-on-Squad Hackathon 1.0 coding event held at the state-of-the-art GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun
