Fakoyejo Olalekan

FBN Holdings Hit By Lawsuit, Ordered To Maintain Status Quo

First Bank of Nigeria (FBN) Holdings has been hit with an ex-parte order restraining the company to maintain status quo. The company informed its investors in a filing to the capital market authority. The ex-parte order was issued to prevent FBN Holdings

July 20, 2022

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hit Banks

Business

UBA’s Expansion To Gulf Countries To Aid Region’s Investment In Nigeria, Africa – Tony Elumelu

The Group Chairman of the United Bank for Africa (UBA), Tony Elumelu, said the gulf market is important to the operation of the financial institution, helping to facilitate investment into Africa. Elumelu said the region, which comprises United Arab Emirates, Qatar, Saudi

July 19, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

The Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) following a hike in inflation rate in June. The central bank made the decision after Tuesday’s Monetary Policy Committee (MPC) meeting. Godwin Emefiele, the central bank governor raised the

July 19, 2022

Business·Oil & Gas

FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction

The Nigerian National Petroleum Company (NNPC) Limited has officially been unveiled by President Muhammadu Buhari, as the era of the Nigerian National Petroleum Corporation comes to an end. President Buhari said the new NNPC Limited will be self-financed, without funding from the

July 19, 2022

Twitter Shoves All Of Elon Musk Tweet On Users, Mixed Reactions

Business·Technology

Billionaire, Elon Musk, To Sue Twitter, As He Risk Losing $1 billion

World’s richest man, Elon Musk, is taking steps to countersue Twitter after the board of the social media company filed a lawsuit against him over termination of the acquisition deal. Musk had backed out of the deal, stating that the board ignored

July 19, 2022

Business

Protest To Rock Banking, Aviation Sectors, As Unions Threaten Protest Against Buhari’s Gov’t

The Association of Nigeria Aviation Professionals (ANAP) and the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) plan to protest over Academic Staff Union of Universities’ (ASUU) strike. The two unions said it’s time for the President Muhammadu Buhari-led administration

July 19, 2022

Business·Markets

Seplat, Cornerstone Top Gainers’ List, As NGX Market Cap Rises By N60 billion

The stock market capitalisation gained N60 billion on Monday after appreciating by 0.2% to close at N28.21 trillion, rising from N28.15 trillion. It was driven by the All-Share Index, which rose by 104.82 basis points, to settle at 52,319.94 points, above Friday’s

July 18, 2022

Business

Unilever Nigeria To Sell Part Of Its Soap, Cream Business, As Profit Declines

The management of Unilever Nigeria has concluded to sell part of the company’s Home and Personal Care manufacturing arm in the third quarter of 2022, to raise funds, amid declining profit in the second quarter. Unilever Nigeria’s Home and Personal Care segment

July 18, 2022

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Black Market Dollar To Naira Exchange Rate: Dollar Rate Rises In Official Market, Euro, Pound Crashes

July 15, 2022 Dollar Update: The United States currency gained against the naira on Friday in the official market, while it appreciated against the Euro and Pounds, the Investors and Exporters (I&E) window revealed. Traders at the official market backed by the

July 18, 2022

Business·Oil & Gas

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

Oando, MRS, and some filling stations have began selling Premium Motor Sprirt (PMS) above N165, three weeks after the Federal Government threatened to revoke license of firms that hike fuel price. Prime Business Africa had reported last week that the Nigerian National

July 18, 2022

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Fakoyejo Olalekan

FBN Holdings Hit By Lawsuit, Ordered To Maintain Status Quo

UBA’s Expansion To Gulf Countries To Aid Region’s Investment In Nigeria, Africa – Tony Elumelu

How CBN’s New 14% MPR Affects Nigerian Households, Jobs

FG To Stop Funding NNPC Limited, As Pres. Buhari Reveals New Brand, Direction

Billionaire, Elon Musk, To Sue Twitter, As He Risk Losing $1 billion

Protest To Rock Banking, Aviation Sectors, As Unions Threaten Protest Against Buhari’s Gov’t

Seplat, Cornerstone Top Gainers’ List, As NGX Market Cap Rises By N60 billion

Unilever Nigeria To Sell Part Of Its Soap, Cream Business, As Profit Declines

Black Market Dollar To Naira Exchange Rate: Dollar Rate Rises In Official Market, Euro, Pound Crashes

Oando, MRS Increases Fuel Price, Risk Losing Operational License Amid Gov’t Threat

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