Business

They were arraigned alongside TSTV and another company, Briechberg Investment Limited on 9-count criminal charges. The Economic and Financial Crimes Commission (EFCC) has dragged two Chief Executives of the Telecom Satellites Limited (TSTV) before the Federal High Court sitting in Abuja over alleged tax evasion, money laundering and advanced fee …

The National Drug Law Enforcement Agency (NDLEA) Kaduna State Command, said its operatives  arrested 110 suspects and recovered 520.385kgs of illicit substances in the month of May. Its Commander, Mr Samaila Danmalam, disclosed this to the News Agency of Nigeria (NAN) on Friday in Kaduna. Danmalam said, “The command in …

L-R) Jeremy Awori, Chief Executive Officer, Ecobank Group; Papa Madiaw Ndiaye, incoming Chairman of Ecobank Group and Alain Nkontchou, outgoing Chairman, Ecobank Group Ecobank Transnational Incorporated (ETI) says the bank posted a profit before tax of US$581 million, up by eight per cent from US$540 million in 2022. The ETI, …

  Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. The Excellence in Retail Finance Awards Programme, which includes the Global Excellence in Retail …

In a significant step towards nurturing the educational development of Nigerian youths, Stanbic IBTC has introduced a nationwide scholarship programme set to benefit 200 exceptional students across the country. This initiative highlights the organisation’s commitment to fostering education and providing outstanding students with opportunities to achieve their academic aspirations. The …

First Bank of Nigeria Limited, the banking arm of First Bank of Nigeria Holdings (FBN Holdings), a leading financial service group led by Nigerian billionaire Femi Otedola, has successfully recovered a N456 billion ($305 million) loan from Heritage Bank just before the Central Bank of Nigeria (CBN) revoked the license …

    Emirates, the International Air Transport Association (IATA) and Airbus have joined forces to deliver an enhanced Competency-Based Training and Assessment (CBTA) programme for the A350 type rating, as the airline prepares for the delivery of 65 A350s from mid-2024. An initial cohort of 256 pilots will be trained as part …

    Lagos, Nigeria: Fidelity Bank Plc (“Fidelity Bank” or the “Bank”) has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”). The …

NNPP Mr Israel Ayeni, the New Nigeria Peoples Party (NNPP) governorship candidate in the November 16 election in Ondo State, has withdrawn from the race. The News Agency of Nigeria (NAN) reports that Ayeni got the party’s ticket by polling 100 votes to defeat his sole rival, Prof. Ibrahim Ajagunna, …

Hundreds of customers gathered outside the bank’s headquarters in Calabar, opposite the Central Bank of Nigeria (CBN), at 7am, demanding access to their funds. The Heritage Bank office in Calabar, Cross Rivee State, was thrown into chaos on Wednesday morning, with customers threatening to break down the facility for fear …