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Business - Page 681

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

The Dangote Group has moved to allay public concerns over the Federal Government’s newly approved 15 per cent import tariff on petrol and diesel, insisting that the policy will not trigger fuel price hikes. The Group’s Chief Corporate Communications Officer, Anthony Chiejina,

November 3, 2025

Business

IMF Warns Nigeria, Others Of High Risk Of Debt Distress

Nigeria and 72 other countries, according to a new report by the International Monetary Fund (IMF), are at high risk of debt distress or are already in debt distress. This was contained in a report, titled “Restructuring debt of poorer nations requires

April 8, 2022

Business

Currency In Circulation Falls By N42.43bn In Two Months

Currency in circulation, according to the Central Bank of Nigeria (CBN), fell by N42.43bn between January and March. Figures obtained from the CBN revealed that the currency, which stood at N3.29tn as of the end of January, fell to N3.25tn by the

April 8, 2022

AMA News·Business

Thales launches its sixth Cyber Security Operations Center in Morocco to serve the African continent

Thales strengthens its status as a cybersecurity leader with the creation of a new Security Operations Center on the African continent, based in Morocco. This operations center provides Moroccan and African administrations and businesses with effective supervision resources in the field of

April 8, 2022

Business

NDIC Deploys Single Customer View Platform To MFBs, Gives Reasons

The Nigeria Deposit Insurance Corporation (NDIC) said it has developed a Single Customer View (SCV) platform to be deployed to Microfinance Banks (MFBs) to eliminate delays often experienced in reimbursing depositors following revocation of failed MFBs licences by the Central Bank of

April 8, 2022

Business·News·Top Stories

Why Access Bank’s Takeover Bid For First Guarantee Pensions Fails On CAMA – Lawyer

‘‘By section 22(2)(b) of the Company and Allied Matters Act (CAMA), no member of a private limited liability company may sell his shares to a non-member without first offering the shares to existing members. This is what is called right of pre-emption

April 7, 2022

Business·News·Top Stories

Elumelu At UBA’s 60th AGM Upholds Commitment To Exceeding Growth Trajectory, Creating Value

The United Bank for Africa (UBA) Plc has assured shareholders and investors of its unwavering commitment to sustain its current growth trajectory even as its efforts at business diversification across Africa and beyond continues to yield increasing returns. The Group Chairman, Tony

April 7, 2022

Business·News

Savannah Acquisition In Jeopardy As Lekoil Shareholder Files Winding-up Petition

Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island to request a just and equitable winding up of Lekoil Cayman to avert value loss by shareholders of the AIM-Listed company. The petition was filed by Lekoil Founder

April 7, 2022

Business

Banks Enter CBN ‘Net’, Bag N800m Fine Over Crypto Transactions

Three Deposit Money Banks in Nigeria have violated Central Bank of Nigeria (CBN’s) order barring customers from transacting in cryptocurrencies, ncurringt N800m fine. A report by Bloomberg released on Wednesday read that the three banks are Access Bank Plc, Stanbic IBTC, and

April 7, 2022

Business·News·Oil & Gas·Top Stories

Lekoil Nigeria Secures Court Injunction Against Lekoil Limited, Savannah Energy On Share Value Dilution

Following the announcement of 28 February 2022 by Lekoil Limited that it had entered into an agreement with Savannah Energy Investments Limited, a subsidiary of Savannah Energy PLC, Lekoil Nigeria Limited has secured a court injunction against Lekoil Limited and others, restraining

April 6, 2022

Nigeria's Debt Crisis Deepens With 183% Debt Service To Revenue Ratio

Business·News·Top Stories

Nigeria’s Debt Can Rise To N50trn – Muda Yusuf

The Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that of the Asset Management Corporation of Nigeria and borrowings from the Central Bank of Nigeria, can hit N50tn within the shortest possible time. The Chief Executive Officer,

April 5, 2022

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Business - Page 681

Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

IMF Warns Nigeria, Others Of High Risk Of Debt Distress

Currency In Circulation Falls By N42.43bn In Two Months

Thales launches its sixth Cyber Security Operations Center in Morocco to serve the African continent

NDIC Deploys Single Customer View Platform To MFBs, Gives Reasons

Why Access Bank’s Takeover Bid For First Guarantee Pensions Fails On CAMA – Lawyer

Elumelu At UBA’s 60th AGM Upholds Commitment To Exceeding Growth Trajectory, Creating Value

Savannah Acquisition In Jeopardy As Lekoil Shareholder Files Winding-up Petition

Banks Enter CBN ‘Net’, Bag N800m Fine Over Crypto Transactions

Lekoil Nigeria Secures Court Injunction Against Lekoil Limited, Savannah Energy On Share Value Dilution

Nigeria’s Debt Can Rise To N50trn – Muda Yusuf

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Dangote Group Assures Nigerians of Stable Fuel Prices Despite New 15% Import Tariff

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