Guinness Nigeria Plc has announced plans for Tolaram Group, the owners of Dufil Prima Foods, to buy Diageo’s 58.02 percent stake in the company. The acquisition,...
According to the Central Bank of Nigeria, there are no plans to revoke Fidelity, Wema, Polaris, and Unity Banks operating licences. Mrs. Hakama Sidi Ali, CBN’s...
The currency’s value in circulation risen to N3.97 trillion at the end of May, an all-time high and a 1.07 percent gain over the previous month....
Multichoice Nigeria has announced that it will appeal Friday’s verdict by the Competition and Consumer Protection Tribunal, CCPT, which imposed a N150 million fine for contesting...
A court has fined Multichoice Nigeria N150 million and ordered it to provide DSTV and GoTV subscribers a one-month free service to customers. The Competition and...
The Nigerian legal tender, the naira, appreciated on Wednesday. It sold for N1,475 per dollar in the parallel market, down from N1,480 on Monday. However, the...
The First Bank of Nigeria (FBN) has been embroiled in a fresh N550 million funds diversion fraud. The civil society organisation Centre For Socio and Economic...
The feud between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion-naira fraud has escalated. Otedola accuses Ovia of using...
The Central Bank Nigeria (CBN) revoked Heritage Bank operating licence yesterday, citing the board of directors’ failure to improve the bank’s financial performance. Meanwhile, the Nigeria...
The Central Bank of Nigeria (CBN) has denied rumours in the media, declaring unequivocally that it has no plans to revoke the operating licences of Unity...
