Leading financial services provider, First City Monument Bank (FCMB), has continued to blaze the trail with innovative and value-added offerings to boost the productivity and overall performance of businesses. The latest is an initiative tagged, “Top-5-In-5”, a digital video knowledge sharing and capacity building series designed to give Small and...
Twitter on Tuesday urged shareholders to endorse the $44 billion deal Elon Musk made to buy the online podium, setting a vote on the merger for September 13. The firm is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the agreement,...
The Central Bank of Nigeria (CBN) has released the sum of $265 million to airlines operating in the country to settle outstanding ticket sales in an apparent move to check a brewing crisis in the country’s aviation sector. A breakdown of the figure released on Friday indicates that the sum...
Borno State Governor, Babagana Umara Zulum, has unveiled Rayyan Microfinance Bank, headquartered in Maiduguri, the state capital on Sunday. Rayyan Bank is an Ethical Compliant Digital Bank that offers non-interest financing. With a commitment to ethical compliance practices, the bank also provides a comprehensive range of banking solutions designed to...
The Nigerian Stock Exchange (NSE) has warned newly inducted stockbrokers against unethical practices as the Exchange will not hesitate to sanction any stockbroker that violates its rules. Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr Oscar Onyema, said the Exchange has a zero tolerance policy on all infractions and it...
The equities market opened the week with N112bn gain as 16 gainers emerged, led by MTN Nigeria Communications Plc, whose share price increased by 10 per cent on the back of the revocation of its $2bn tax case in Nigeria. The Attorney General of the Federation, Abubakar Malami, had dropped...
Nigerian startup airline, Rano Air, has reportedly secured four EMB-145LRs aircraft to start operations in 2022. This was disclosed in some social media posts on Tuesday. Videos of the new aircraft were also uploaded on social media. In January, the company applied for an Air Transport License (ATL) with the Nigerian...
As part of its development finance move, the Central Bank of Nigeria over the years supported critical projects to reflate the economy and drive national growth. Due to its potential to drive economic growth, the Dangote refinery is one of the critical projects the CBN has invested in especially by...
Dangote Petroleum Refinery and Petrochemicals FZE on Monday unveiled an N2.15 trillion Initial Public Offer (IPO) to raise capital for expansion and broaden public ownership of the company. Chief Executive of the company, Alhaji Aliko Dangote, said the offer would give Nigerians and other Africans an opportunity to acquire shares...
One of the Binance executives detained in Nigeria, amidst a legal battle over cryptocurrency regulations, has managed to escape custody. Nadeem Anjarwalla, a key figure at the world's largest cryptocurrency exchange, reportedly fled from a guest house in Abuja where he and his colleague were being held by security...