Business

Mike Adenuga edges closer to becoming Africa’s richest man ahead of Dangote

With just a margin of about $1bn between the two richest men in Africa, there’s an expectation that Mike Adenuga might overtake Aliko Dangote.

Network operators move to disconnect 35 million subscribers

At the expiration of 10 days Ntel and Globacom will no longer be able to make calls to Airtel and MTN.

Mixed reactions trail Diamond Bank acquisition as shareholders demand probe

Diamond Bank was acquired after incurring losses over a stretch of time amid failing economy and compounding bad debts.

Diamond Bank confirms acquisition by Access Bank through merger scheme

The proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank.

Access bank acquires Diamond Bank

The acquisition which was initially debunked by Diamond Bank is said to have fallen through.

Court grants CBN more time to resolve settlement discussions with MTN

A Lagos court on Wednesday adjourned the hearing over the $8.1 billion dispute between the…

CBN reveals inflation rate will rise to 11.4% as stock market loses N581bn

Emefiele has expressed optimism on the ability of the apex bank to maintain stability in the economy.

Nigeria imports $3.3 billion worth of steel while Ajaokuta steel plant lies fallow

Out of the 17 million tonnes of steel that Nigeria needs yearly, it can only produce 2.2 million locally.

Fluctuating oil price raises new concerns for Nigeria economy

Nigeria had drifted into recession with the initial decline of oil prices in 2016.

On regulatory body language – Nigerian Government and Corporate Entities

Written by: Mark Amaza Communications strategist and public commentator One of the unique perks of…

Oil marketers bemoan delay in subsidy debt payment.

In recent times, the end of the year in Nigeria has always been marred by…

MTN Nigeria Launches Partner Program

In a bid to add exponential value to its enterprise business customers, as well as…

Robbery, fraud lead to loss of N12.06bn in Nigerian banks within six months

A new report by CBN has confirmed that Nigerian banks lost over 12bn naira in just six months due to robbery and fraud.

FG slashes business registration from N10,000 to N5,000 for 90 days

Vice President Yemi Osinbajo has said that for the next 90 days, registration of businesses which was N10,000 will be N5,000.

With A Presumed 20% Drop In Profitability of PR Businesses, Nigeria PR Report 2018 Discusses The Way Forward

The Nigerian PR Industry has been suffering from a slow decline in profitability, as competing…

Ecobank plans to hit 100 million customers by 2020- MD Patrick Akinwuntan

  The Managing Director, Ecobank Nigeria, Mr Patrick Akinwuntan has reaffirmed that his mandate in…

What you should know about Polaris Bank, the bridge bank taking over Skye

As the financial institution formerly known as Skye Bank goes under, the Central Bank of…

Why Nigeria’s Central Bank withdrew Skye Bank’s licence

On Friday, Nigeria’s Central Bank revoked the operating licence of one of the country’s largest…