Business

Oil Firm, Newcross Petroleum, Directors sued over tax evasion of $15.7m USD, N131.4m The Federal Government of Nigeria has filed before a Federal High Court in Lagos eight- count charge of evasion of taxes in the sum of $7,864,569.48 and N67,682,818.03 against NEWCROSS PETROLEUM and seven officials of the company. …

For his exceptional leadership and contributions to banking and finance, the Board Chairman of Fidelity Bank Plc, Mr Mustafa Chike-Obi, has been presented the Lifetime Achievement Award at the Thisday Awards.   At a well-attended event featuring leaders across Nigeria’s public and private sectors, the erudite banking professional joined a …

Guaranty Trust Holding Company Plc (GTCO) is proud to be the headline sponsor of the 2025 NPA Lagos International Polo Tournament. The highly-anticipated Polo Series will be held at the prestigious Lagos Polo Club, Ikoyi, from 4th to 23rd February 2025. A staple in Nigeria’s sporting and social calendar, the …

The World Customs Organisation (WCO) has commended SIFAX Group for its strategic importance and the excellent service that has become the hallmark of the business conglomerate. This recognition was given during the presentation of a “Certificate of Merit” to the company by WCO during this year’s International Customs Day celebration …

The Nigerian Economic Summit Group (NESG) has announced the appointment of three leaders, Mr Wole Adeniyi, Mr Mohamad Darwish, and Mr Olusegun Alebiosu, to its board of directors. These appointments reflect the NESG’s steadfast dedication to promoting visionary leadership and strengthening partnerships with key business leaders and private sector stakeholders. …

  The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States. The refinery resorted to crude importation as local supply challenges hindered the new $20bn refinery’s push to reach full refining capacity. Recall that the refinery plans to reach its 650,000 barrels …

Donald Trump’s inauguration as the 47th President of the United States has once again thrust the world’s attention to the U.S., with Nigerian media providing significant coverage and analysis. From policy implications to economic ties, Trump’s re-entry into the White House holds implications for global geopolitics, especially for Nigeria. This …

SIFAX Group’s attention has been drawn to a viral video claiming that one of its subsidiaries, Ports and Cargo Handling Services Limited, has put up over 3,000 containers for sale. We wish to categorically state the following: False Representation of SIFAX Group’s Employee: The individual featured in the video, who …

Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer.   In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of the Central …

SIFAX Group has reaffirmed its commitment to community development and healthcare accessibility by sponsoring the University of Ibadan Association of Dental Students (UADS) 2024 Mega Outreach. The event, held on Saturday, December 14, 2024, at the Sabo community in Mokola, Ibadan, brought vital oral health services to an underserved population …