Business

Association Of Senior Staff Of Banks, Insurance And Financial Institutions (ASSBIFI), has condemned the disengagement and refusal to settle severance benefits of its over 30 exited members by the management of Heritage Bank. It also said the decision was an outright violation of Section 20 of the Labour Act. Recall, …

IHS Towers, one of the largest telecommunications infrastructure providers in Africa, Latin America and the Middle East by tower count, has emerged as one of the biggest winners of the Tech Innovation Awards (TIA) 2023, held at the Oriental Hotels, Lagos. IHS won in three categories of the awards emerging …

 Ibeto The Economic and Financial Crimes Commission (EFCC) will arraign businessman Chief Cletus Ibeto alongside his company, Ibeto Energy Development Company, on Thursday, October 5, on a 10-count charge bordering on allegations of obtaining by false pretences, fraudulent conversion of property, criminal breach of trust, forgery and deception. The duo are to …

By Segun Ogunsanya There is no gainsaying the fact that teachers are crucial to the process of education. In appraising the nexus between teaching and learning, teachers rank highest in importance because they organically facilitate the most critical part of education. Strictly speaking, the ecosystem, which comprises children, parents, teachers, …

The Arewa Youth Assembly (AYA) has petitioned the Acting Inspector General of Police and the Department of State Security over what the group termed coordinated attacks against the top management of the Nigeria National Petroleum Corporation Limited (NNPCL) especially its Group Chief Executive Officer, Mallam Mele Kyari, and Chief Financial …

$40Million Import Duty: Nigeria Customs Investigate Arik Air In Receivership for Illicit Sale of Aircraft Nigeria Customs Service has commenced an investigation into the diversion of import duties to the tune of $40 million by the management of Arik Air in Receivership. There are indications that Arik in Receivership abused …

TAJBank   TAJBank Limited has recorded the highest Tier-1 capital in the non-interest banking sub-sector in the first half of 2023. This is according to a statement by TAJBank’s Chief Executive Officer (CEO), Mr Ahmed Joda Joda said that the audited financial statements of the bank also reflected an increase …

Strong cost pressures meant that firms operating in the Nigerian private sector remained under pressure in September. Although new order growth quickened, helping to support a renewed increase in business activity, rates of expansion in each were only modest. Input prices increased at one of the sharpest rates on record, …

 BUA Chairman, Abdul Samad Rabiu The management of BUA Group has announced a reduction in the price of its cement from N5, 500 to N3,500 effective Monday October 2nd, 2023. Recall, AbdulSamad Rabiu, chairman of BUA Group, had earlier revealed the company’s intentions to lower the price of cement in Nigeria when …

As Nigeria marks its 63rd independence anniversary, total telecommunications solutions provider, Globacom, has sent its well wishes to Nigerians, while commending their resilience. The company remarked that despite the difficulties the nation has faced in its journey  over the years, Nigerians’ tenacity since independence has kept it moving forward. In …