Category: Business
Neimeth pharmaceutical in financial crisis, moves to sell company
Neimeth Pharmaceutical PLC is in financial crisis.
The company is set to sell a part of the company to a private investor after receiving approval, [...]
Shell, AFC, seven Nigerian banks battle Aiteo over $2 billion loan
A high court in England has ruled that Shell Plc alongside Africa Finance Corporation, and seven Nigerian banks have established their right to block [...]
CBN fines Access Bank, Stanbic IBTC N800m for cryptocurrency related transactions
The Central Bank of Nigeria (CBN) has fined three commercial banks N800 million for allowing cryptocurrency transactions in the country.
The banks [...]
Fraudulent activities give depositors sleepless nights about safety of their fund in Sterling Bank
The increased rate of alleged fraudulent activities in Sterling Bank Plc, in the year 2021, as well as its porous internal control, is giving deposito [...]
Dangote Refinery, a game changer that’ll drive Africa’s refining revolution, says FG
The Federal Government has described the 650,000 barrels-per-day Dangote Petroleum Refinery as a game-changer that is capable of driving refining revo [...]
Fidelity Bank grows PBT by 35.7% to N38.1bn for FY 2021
Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1 [...]
Tunde Folawiyo seeks injunction against AMCON’s ex parte order, dissociates self from defaulting company
Businessman, Tunde Folawiyo, has filed an exparte motion before a Federal High Court in Lagos seeking an order of stay of execution of an ex-par [...]
Fidelity Bank to help entrepreneurs explore US market
Leading financial institution, Fidelity Bank Plc, is set to host a workshop for businesses looking to scale and expand their reach into new internatio [...]
Access bank becomes holding company, appoints Ogbonna as new MD
Access Bank Plc has announced the successful completion of its restructuring into a Holding Company structure (Holdco) known as Access Holdings Plc.
[...]
Tunde Folawiyo on verge of loosing prized assets to AMCON over N700m debt
Unable to uphold his late father's legacy which was running a debt free business, the scion of the Folawiyo’s dynasty, socialite and businessnan, Tija [...]