British American Tobacco To Pay Nigeria $110m Fine Over Infringements British American Tobacco has agreed to pay a substantial fine of $110 million to the Nigerian government for violating both the Federal Competition & Consumer Protection Act and the National Tobacco Control Act. According to a statement issued by the[Read More…]
FirstBank supports theatre initiative FirstBank of Nigeria Limited has announced that it will be sponsoring Kakadu the Musical, a theatre production by Playhouse Initiative. According to a statement, the play, which is set to return to the stage from December 28–30, 2023, at the Shell Hall, MUSON Centre, Lagos,[Read More…]
TTB/Union Bank: A Call for Transparency By Investigators By Azubike Ugwu In the last three days, we have seen a storm of allegations regarding the ownership of Titan Trust Bank Limited (TTB) and Union Bank of Nigeria Plc (“Union Bank”), and this has captured public attention. These claims, reportedly[Read More…]
FG to begin new regulation for digital money lenders in 2024 The Federal Government of Nigeria has said that it will implement a new regulatory framework for digital money lenders, DMLs, known as loan apps. The Chief Executive Officer of the Federal Competition and Consumer Protection Commission, FCCPC,[Read More…]
US announces ban on Apple Watch A United States import ban on Apple smartwatch models took effect on Tuesday after President Joe Biden’s administration opted not to veto a ruling on patent infringements. In October, the United States International Trade Commission (ITC) banned Apple Watch models over a patented technology[Read More…]
NNPCL announces date to complete Port-Harcourt Refinery Phase 2 repair The Nigerian National Petroleum Company Limited has announced that the Port-Harcourt Refinery Company Limited Phase 2 repair will be completed at the end of the fourth Quarter of 2024. NNPCL Group Chief Executive Officer, Mele Kyari disclosed this during[Read More…]
Zenith Bank listed on world finance exclusive list of 100 top global companies Zenith Bank Plc has been listed in the World Finance exclusive list of 100 top global companies in 2023 by World Finance Magazine. The Bank achieved this feat as the only Nigerian company in the prestigious[Read More…]
Sterling Bank Serves The Best of Business, Food At 2023 Fair As part of its continued commitment to the growth and development of the Nigerian economy, Sterling Bank Limited has concluded arrangements to host a mega business fair during the yuletide. According to a release, the event will showcase[Read More…]
NCAA assures passengers of 25% rebate for cancelled flights from 2024 The Acting Director-General of the Nigerian Civil Aviation Authority, Capt. Chris Najomo has said that from January 2024, airlines found wanting to have delayed passengers and whose actions cause delay or flight cancellations would be made to give[Read More…]
Total Energies to inject $6bn in gas production, others President Bola Tinubu, on Monday, promised the international investment community that his administration would preserve Nigeria as a top-level destination for offshore and onshore investments. “We are committed to removing all cobwebs and anti-investment impediments in the oil and gas industry.[Read More…]
