Amazon founder Jeff Bezos has regained his position as the world's wealthiest individual, surpassing Elon Musk in net worth. Bezos' rise to the top spot comes as Tesla CEO Musk sees a decline in his fortune due to fluctuations in Tesla's stock price and legal challenges.
On Monday, Jeff Bezos...
The House of Representatives Committee on Financial Crimes has taken decisive action against cryptocurrency exchange platform Binance for its failure to appear before the committee in an investigation hearing. The committee resolved to recommend invoking the House's powers to subpoena and arrest Binance executives following their absence from the...
President Bola Tinubu emphasized Nigeria's commitment to fighting corruption and fostering a conducive business environment during the Nigeria-Qatar Business and Investment Forum in Doha. He urged Qatari investors to report any instances of bribery by Nigerian government officials and assured them of decisive action against corruption.
President Tinubu reiterated his...
The Central Bank of Nigeria (CBN) in a significant move has revoked the licenses of 4,173 Bureaux De Change (BDC) Operators due to their failure to adhere to regulatory provisions. This action comes as the apex bank intensifies efforts to enforce compliance with guidelines aimed at combating financial crimes...
Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board.
Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources.
The memo quoted BUA chairman as saying...
The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the...
Achieves Mechanical Completion, Flare Start-up of Refinery’s Area 5 Plant
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC).
Rehabilitation work has been ongoing at the Refinery for over...
The BUA Group has signed a partnership deal with CIMC ENRIC, to establish a 700-ton-per-day mini LNG project in Nigeria.
The signing ceremony, according to a statement issued by BUA, took place yesterday at the company’s headquarters in Lagos, Nigeria.
The strategic partnership marked a significant milestone in BUA Group’s expansion...
Electricity Distribution Companies have stated that tariff will increase from July 1, 2023.
In statements sent to respective consumers on Sunday night, the DisCos stated that the review was due to the fluctuation of the naira in the exchange rate market.
This statements which were worded in similar fashion included that...
The Central Bank of Nigeria (CBN) has confirmed changes in the foreign exchange market.
In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets, confirmed the changes.
She said all transactions will now be done through the Investors and Exporters (I&E) window, where the exchange rate will be determined by...
