Dangote ranks 6th richest in global manufacturing Aliko Dangote has been ranked as the world’s sixth richest person in the manufacturing industry. Dangote whose net worth is put at $14.3 billion is the founder of Dangote Cement, the leading cement producer in Africa, in which owns about 85[Read More…]
Tinubu orders suspension of Cybersecurity levy President Bola Tinubu has told the Central Bank of Nigeria (CBN) to suspend the implementation of the cybersecurity levy policy. This comes after the policy was greeted with widespread condemnation. According to the Act, a levy amounting to 0.5 per cent of[Read More…]
NNPCL to Pump More Funds into Oil, Gas Infrastructure The Nigerian National Petroleum Company Limited says it will continue to invest in the development of huge oil and gas infrastructure to make it easy for operators and prospective investors to carry out their businesses in Nigeria. According[Read More…]
Access Pensions Records 70% Revenue Increase Access Pensions has announced a 70 per cent appreciation in revenue to N12.3bn in 2023. This was disclosed in the company’s audited annual results of which was recently released. The firm’s profit after tax rose by about 70 per cent[Read More…]
American Express Unveils Business Credit Card for Nigeria Users American Express Co. has unveiled its first business credit card in Nigeria through a collaboration with local neobank O3 Capital, potentially enhancing dollar accessibility for businesses in the West African nation. The new card, introduced on Thursday in Lagos,[Read More…]
Nigeria’s Finance Minister Calls on Foreign Investors to Invest in Emerging Economy The minister of finance and coordinating minister of the economy, Wale Edun, has commended the outgoing World Bank Country director, Dr Shubham Chaudhari for his significant contributions to Nigeria’s economic growth At an event held in[Read More…]
CBN orders Banks to suspend charges on Deposits till September The Central Bank of Nigeria (CBN) has ordered deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed[Read More…]
FG denies demanding $150m bribe from Binance The federal government has accused Binance of blackmail after the company alleged officials demanded $150 million in cryptocurrency payments as a bribe to settle the prosecution of its executives in Nigeria. On Tuesday, Richard Teng, Binance’s chief executive officer (CEO), said some[Read More…]
Cadbury Finance Director in Nigeria, Ogaga Ologe resigns Cadbury Nigeria Plc, a food, sweets and drink company headquartered in Lagos, Nigeria has announced the resignation of Ogaga Ologe as its finance director which will be effective on July 22, 2024. This is according to a statement released[Read More…]
Union Bank Achieves Another Milestone; Attains MSECB ISO 27001:2022, 20000-1:2018 and 22301 Certifications Union Bank, one of Nigeria’s foremost and most trusted financial institutions, has announced another significant achievement with its attainment of the MSECB management system certifications in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018. The Bank was[Read More…]
