Business News

The Mile 12 Market Traders Association has appealed to  the Lagos State Government to situate a security outfit within the market to ward off the activities of street urchins. Femi Odusanya, the spokesperson for the association, made…

Trading in the shares of Diamond Bank Plc has been placed on full suspension following the court sanction of the Scheme of Merger with Access Bank Plc. The Nigeria Stock Exchange (NSE) in a notification to its dealing members posted on…

Scamps Communication Ltd. on Tuesday sued the Standard Chartered Bank Nig. Ltd. before a Lagos High Court in Igbosere, over an alleged excessive loan interest. In the suit marked Temp/4872/2019, the first and second claimants are…

The Central Bank of Nigeria (CBN) says the revised categories of MicroFinance Banks (MFBs), which give them up to April 2020 to recapitalise is to ensure their continued operations in the economy. CBN said this in a circular titled, ‘Re:…

An environmental cleaning company, Chanja Datti Ltd, says it has established five recyclable waste collection centres in Abuja to promote youth empowerment and environmental cleanliness. The Managing Director of the company, Mrs…

The Imo Governor-elect, Mr Emeka Ihedioha has advised financial institutions to stop new transactions with the state government or do so, at their own peril. Ihedioha, who said at a media interaction in Owerri on Thursday, said new…

Guaranty Trust Bank racked in a profit after tax (PAT) of N184.640 billion at the close of trading on December 31, 2018. This is 10 per cent higher than the N167.913 billion PAT the bank earned in 2017. Profit before tax (PBT) was…

Babajide Okeowo President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed…

Emeka Okoroanyanwu President Muhammad Buhari a fortnight ago secured a second term in office in an election the opposition Peoples Democratic Party (PDP) has vowed to contest its outcome in the court of law. The president had in his…

Director-General of Nigeria Employers Consultative Assembly (NECA), Mr. Timothy Olawale has commended the Central Bank of Nigeria for banning the sale of foreign exchange to importers of textile materials. Speaking recently to newsmen,…