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EuroCham Nigeria

EU Companies seek Investment, survey Lagos Free Trade Zone

The Lagos Free Trade Zone (LFTZ) has received members of the European Business Chambers (EuroCham) who are exploring the facility for investment to expand their businesses in Nigeria and by extension Africa. Led by the President of EuroCham Mr Adefolu Majekodunmi, the
June 18, 2021
How Strong Competitive Market Will Stabilise Fuel Price In Nigeria
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IMF frowns at return of fuel subsidies in Nigeria

The International Monetary Fund (IMF) has informed the federal government that the reintroduction of fuel subsidies was concerning. IMF expressed this view at a virtual meeting with representatives of the Nigerian government. In a press statement made available to the media after
June 18, 2021
Abdulrasheed Bawa

EFCC set to file 800 new corruption cases in court – Bawa

The Chairman of the Economic and Financial Crimes Commission (EFCC) has said that the commission is prepared to file 800 new cases in court. He said the cases will mostly be bordering on public corruption and cybercrime. Abdulrasheed Bawa disclosed that this
June 17, 2021
Davido

Davido appointed brand ambassador for Maison Martell

Popular Nigerian singer and songwriter Davido has been made the brand ambassador of high-quality brandy, Maison Martell, and its new “Standout Swift”. The brand said it would pave way for others and create a legacy for future generations. For Martell, a “Standout
June 17, 2021
MTN 1

MTN notifies customers of potential service disruption

Some enterprise customers of MTN Nigeria have been notified about a potential service disruption to enable them to put in place business continuity measures, the company said on Wednesday. The firm, a local unit of South Africa’s telecoms group MTN, runs Nigeria’s
June 17, 2021
Francis Atuche former Bank PHB MD

Justice Okunnu gives former Bank PHB boss 6 years jail term

Justice Lateefat Okunnu of the Lagos State High Court Sitting in Ikeja, Lagos, has sentenced Francis Atuche, the former managing director of the defunct Bank PHB to 6 years in prison at the Kirikiri maximum correctional facility in Lagos, after a 10-hour
June 17, 2021
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