Category: Business
FG earmarked over N600m for non-existent economic adviser’s office for six years
For sixth consecutive year, the National Assembly has approved budget for the non-existing Office of the Chief Economic Adviser (OCEAP) to President M [...]
Olajide, Obozuwa appointed MD, VP, respectively at Coca-Cola Nigeria
Coca-Cola has appointed Alfred Olajide as it’s new vice president and managing director for its Nigeria operations
A statement by the company said th [...]
Aliko Dangote’s net worth drops by $900m
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, saw his total net worth dropped by $900m on Friday as his flagship c [...]
OMS disowns Tunde Ayeni, says ‘He’s no longer our director’
In response to former Skye Bank's chairman, Tunde Ayeni’s petition to the EFCC, the management of Ocean Marines Solutions Ltd, OMS issued a statement [...]
Tunde Ayeni sold his shares in OMS to me for N2bn – Okunbo
Idahosa Okunbo, a business mogul, says Tunde Ayeni, former chairman of the board of directors, Skye Bank Plc, sold his shares in Ocean Marines Solutio [...]
FCMB appoints Yemisi Edun as acting managing director
First City Monument Bank (FCMB) has appointed Yemisi Edun as its new managing director in acting capacity, amid allegations of marital infidelity be [...]
NIN registration suspended as NIMC staff commence strike
The National Identity Management Commission (NIMC) unit of the Association of Senior Civil Servants of Nigeria (ASCSN), has directed members to emba [...]
Access Bank completes acquisition of Zambia’s Cavmont Bank
Access Bank Plc says its Zambian subsidiary has completed the acquisition of Cavmont Bank Limited following fulfilment of “key conditions precedent in [...]
Just in: Adam Nuru, MD FCMB goes on leave as bank probes paternity scandal
Adam Nuru, managing director of First City Monument Bank (FCMB), has opted to go on leave amid the allegation of marital infidelity.
A panel is curre [...]
FG increases electricity tariff again by 50%
Just four months after the Electricity distribution companies (DisCos) across the country began the implementation of a new electricity tariff regime, [...]