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Group reports best-ever financial performance with record profit of AED 18.7 billion (US$ 5.1 billion), up 71% from last year, record revenue, and record level of cash assets. Group revenue increased 15% to a new high of AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand across its businesses. …

LAUTECH Convocation lecture 1: Bode Ojeniyi, Group Managing Director, Sky Capital & Financial Allied Company Limited, representative of Dr. Taiwo Afolabi, Chairman, SIFAX Group delivering the 16th LAUTECH Convocation Lecture recently. LAUTECH Convocation lecture 2: L-R: Prof. Funke Olagunju, Head of Department, Agric Economics and Extension, LAUTECH; Oliver Omajuwa, Deputy Director, Strategic …

Uzochukwu Davis Igboanugo, a son of businessman and founder of I.K.B Industries Limited,  Chief I.K.B. Igboanugo, has been reportedly killed by a drunk driver in the United States of America. The 32-year-old US-based Nigerian doctor was fatally injured three weeks ago, while driving home from work. The aggrieved father confirmed …

The Economic and Financial Crimes Commission (EFCC), today, arraigned a former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for approving the printing of N684.5 million at the rate of N18.96 billion. Emefiele pleaded not guilty to the four count charge when he was arraigned on these counts …

Genesys Engineering Services Limited, GESL, an indigenous power solutions provider in Nigeria is a leading power firm in Nigeria. Over the years, it has become widely known that Nigeria faces a pressing challenge – Energy Poverty. It is no longer news that millions of Nigerians, up to 55% of our …

FILE PHOTO: Delta State Assembly Mr Matthew Omonade a member of Delta House of Assembly representing Ughelli North I has been suspended over alleged gross misconduct. The Speaker of Delta House of Assembly Mr Dennis Guwor, announced the suspension of the All Progressives Congress, APC lawmaker at plenary in Asaba …

Hadi Sirika in court Former Aviation minister, Hadi Sirika and his brother, Ahmad will be arraigned before a Federal Capital Territory (FCT), High Court, Garki, on a fresh eight-count charge bordering on abuse of office, criminal breach of trust, use of position for gratification on 23 May. Sirika and Ahmad …

L-R: Onur Kursun, Executive Vice President & Head of Transfer Solutions, Eastern Europe, Middle East & Africa, Mastercard; Funmi Afolabi, Group Head, Payment and Remittances, Access Bank; Robert Giles, Senior Banking Advisor, Retail, Access Bank; Chizoma Okoli, Deputy Managing Director, Access Bank; Mark Elliott, Division President, Africa, Mastercard, and Folasade …

The exchange rate between the naira and the dollar reached an intra-day high of N1,515 on Monday, according to data from FMDQ, where currencies are traded officially. This represents the worst intra-day high in nearly two months as Nigeria continues to grapple with demand pressures and a globally stronger dollar. …

Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has warned that Bitcoin could witness a massive panic sell-off if it drops below the $60,000 level in the coming days. According to market sentiments, Crypto traders are targeting a break of above $65,000 before the market can be deemed bullish. …