Business

The owners of Capital Hotel Plc have received approval for its voluntary delisting from the Nigerian Exchange Limited (NGX) after setting aside about N1.64 billion to pay off minority shareholders. The company has also received approval from the NGX to exit the local bourse, it said in a filing. Capital …

Stanbic IBTC Bank, a leading financial services provider, is proud to announce its recent recognition at the prestigious Global Transaction Banking Innovation Awards. The award, presented during a gala event held on Thursday, 21 September 2023, acknowledges Stanbic IBTC’s exceptional contributions and innovation in the field of Transaction Banking.   …

The Dotun Adesua Symposium, an earnest endeavor to cultivate meaningful dialogue within Nigeria’s dynamic creative industry, has laid a firm groundwork upon which this vibrant sector can flourish and become a catalyst for national development.   The symposium, held in Lagos, brought together luminaries, industry professionals, and creative minds under …

Businesses and individuals who operate locally but with global focus now have the opportunity to achieve their target with Glo Prime, a new regime of voice and data plans from telecommunications giant, Globacom. The company noted in a press statement issued in Lagos that “in a highly dynamic environment, there …

National Liquified Petroleum Gas (LPG) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s total annual upstream capital expenditure has decreased from $27 billion in 2014 to less than $six billion in 2022. The Chief Executive of NUPRC, Mr Gbenga Komolafe, revealed this on the sidelines of the World …

Court papers have revealed MTN Employers Cooperatives, FSL Securities and Professor Onyekachi Green Nwankwo as some of the notable victims of the N3.7billion Ponzi scheme masterminded by Nigerian businessman, Michael Ukiye Diongoli. Diongoli and his two companies UK-DION GROUP and UK-DION INVESTMENT are now facing trial at the Federal High …

  Herbert Wigwe Group MD Access Corporation Access Holdings Plc has declared an interim dividend for the first half of the year, on the back of rising profits. In the audited account submitted to the Nigerian Exchange on Saturday, the company posted gross earnings of N940 billion, higher than the …

World leaders from 198 countries converged in New York last week for the 78th United Nations General Assembly(UNGA) where the implementation of the 17 Sustainable Development Goals(SDG) took the centre stage. The world has 7 years left out of the 15 years timeline to achieve these universally agreed objectives, which …

A Moniepoint agent, Olumide Remilekun Owolabi, has been arrested by operatives of the Zone Two Police Command, Onikan, over alleged N16.3 million Point of Sale (POS) fraud. Owolabi was apprehended following a petition from one Raphael Alabi to the Assistant Inspector General (AIG) in charge of the zone, Ari Mohammed Ali. …

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, sponsored the Africa International Trade Exhibition (A.I.T.E 2023), held on 21 and 22 September 2023 at the Hilton Hotel Midtown, New York, U.S.A. The event was themed “the imperatives of global trade for African SMEs as a …