Business

Elon Musk and Twitter Elon Musk continues to attack Mark Zuckerberg as Meta’s Twitter clone, Threads, approaches 100 million subscribers. Since the launch of the new platform last week, Musk has been harshly critical of Threads, Instagram’s newest companion app and a direct competitor to Twitter. In recent days, the …

Gbenga Komolafe, NUPRC Chief Investment Officer The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe has said that Nigeria’s gas deposit is enough to meet the needs of the entire continent if adequate funding is provided to develop the needed infrastructure. Komolafe made the comment at …

In a bid to forestall the circumstances that led to Central Bank of Nigeria (CBN) clamping down on FBN Holdings in 2015 when Oba Otudeko was the chairman, majority shareholders of FBN Holding are weighing options to prevent Oba Otudeko from taking over the financial institution. This is in order …

The immediate family of Isaac Atufe, CEO of Zeakers Automobiles wish to advise existing and prospective customers of the brand to stop patronizing him for automobiles or for any other financial related business he is associated with because of recent developments that are associated with the firm. We will not …

FMDQ Exchange FMDQ Securities Exchange has acquired 1,080,641,902 units of CSCS shares in transaction valued at about N20billion. This development confirms BusinessDay report about a year and half ago on FMDQ Grou paying N20billion to acquire 21.6 percent equity stake in Central Securities Clearing System (CSCS) Plc. Transactions of this …

The Central Bank of Nigeria has asked Deposit Money Banks and Other Financial Institutions in the country to increase monitoring of transactions with businesses and persons in and from Cameroon, Croatia and Vietnam. This was according to a circular referenced: FPR/AML/PUB/BOF/001/029, which was issued, on Thursday, by the Director, Financial …

Elon Musk (right) Popular microblogging app, Twitter, has threatened to sue Meta platforms over its new Threads app. This was revealed in a letter addressed to Meta Chief Executive Officer, Mark Zuckerberg which was signed by a lawyer for Twitter, Alex Spiro. In the letter, Spiro stated that Twitter has …

Stanbic IBTC Holdings PLC, a member of Standard Bank Group and the leading end-to-end financial services provider in Nigeria, recently announced various Board appointments across the Group. These appointments are a reflection of the Group’s commitment to strengthening its leadership teams and driving continued growth and innovation in the financial …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings PLC, is set to host the third edition of its Ladies At The Table Empowerment Series – LATTES 3.0. The virtual event aims at empowering women in business and career to achieve their business and career aspirations while enjoying a …

Naira and Dollar The Naira on Monday appreciated against the dollar, exchanging at N741.50 at the investors and exporters window. The Naira gained by 3.61 per cent when compared with N769.25 for which it exchanged for the dollar at the close of business on June 30. The open indicative rate …