The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank and the Providus Bank Limited. The CBN’s acting Director of Corporate Communications, Hakama Sidi-Ali, disclosed this in …
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NGX: Bearish trend persists as investors lose N371bn
The bearish sentiment in the Nigerian equities market continued on Tuesday investors lost N371 billion at the close of the day’s trading. This followed the dip in the share prices …
Read More »Concerns as Fitch downgrades Dangote Group over lack of funding plans to repay debt facilities, others
Amid ongoing face-off between Dangote Refinery and Nigerian oil and gas sector Regulatory agencies, concerns have emerged as international rating firm, Fitch Rating has downgraded Dangote Industries Limited, DIL to …
Read More »Why oil cabals are frustrating Dangote Refinery —Obasanjo
Former president, Olusegun Obasanjo has said cabals in Nigeria’s oil and gas sectors will continue to frustrate the $20 billion Dangote Refinery because those “selling refined products for Nigeria” feel …
Read More »Aviation unions sound alarm over Arik Air embargo, warn of massive job losses
The Nigerian aviation industry is bracing for a potential crisis as unions warn of attendant job losses if the embargo on four Arik Air aircraft is not lifted. The Nigerian …
Read More »Fintech firms unveil plan to bridge financial gap in Jigawa
Fintava, a Nigerian fintech company, and Bizipay, an agent network in Kano, have unveiled an initiative aimed at expanding financial access to over 100,000 unbanked individuals in Jigawa State. …
Read More »Okomu declares over N20bn profit
Okomu Oil Palm Company Plc has reported a profit after tax of N20.20bn for the first half of the year, reflecting a 24.69 per cent increase from N16.20bn recorded …
Read More »Bank recapitalisation crucial for economic growth – SEC
The Director General of the Securities and Exchange Commission, Emomotimi Agama, has stated that the ongoing bank recapitalisation is an important step toward unlocking Nigeria’s potential to achieve a …
Read More »Arik grounding: Local airlines risk leasing challenges
Amid a rising call for more aircraft in Nigeria’s aviation industry, a court order has shut Arik Air, one of the local airlines over a debt. OLASUNKANMI AKINLOTAN examines …
Read More »Meristem launches initiative to boost youth entrepreneurship
Meristem Securities Limited has unveiled a programme aimed at empowering young Nigerians with the skills and knowledge to succeed in business and investment. The initiative, known as MORE by …
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