Business
Boardroom Drama: Nigeria’s Central Bank Queries First Bank for Replacing CEO Without Approval
The Central Bank of Nigeria (CBN) on Wednesday queried the board of First Bank Nigeria Limited over the removal of the Managing Director/Chief Executive of the bank, Dr. Adesola Adeduntan,
MTN, Vodacom, Could Enter Ethiopia’s Telco Market But There Is A Catch
Oluwadara Olunuga Oluwadara Olunuga, Investment Analyst, Afrinvest Securities Ltd, spoke to the Global Business Report about some of Africa’s biggest Telecommunications companies seeking to enter Ethiopia’s market. There is a
US Consulate Issues Lagos Crime Warning Plus NNPC Has No FAAC Money For May
Omosuyi Temitope Omosuyi Temitope, Analyst with Afrinvest Securities Ltd, spoke to the Global Business Report about the the US Consulate in Lagos, Nigeria, issued a warning about crime in the
N120b intervention will address Nigeria’s electricity challenges, say experts
Stakeholders in the electricity sector, yesterday, said the Federal Government’s intervention in the power sector, especially efforts being made to address challenges… The post N120b intervention will address Nigeria’s electricity
22% of Nigerians hit by ransomware as global recovery cost nears $2m
Recovery cost from ransomware attacks has more than doubled in a year, increasing from $761,106 in 2020 to $1.85 million in 2021. The post 22% of Nigerians hit by ransomware
Shobo takes over from Adeduntan as FirstBank MD
The Directors of First Bank of Nigeria Limited has approved the appointment of. Gbenga Shobo as the new Managing Director/Chief Executive Officer (CEO), effective Wednesday, April 28, 2021. The post
Worsening insecurity to trigger higher inflation, poverty, says LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns about the worsening security situation in the country, stating that if unchecked… The post Worsening insecurity to trigger higher
Improved business model lifts Fidelity Bank ’s Q1 profit by 53.9%
Fidelity Bank Plc has recorded a Profit before Tax (PBT) of N10.1 billion in its first quarter (Q1), 2021 operations, against N6.6 billion achieved in the corresponding period in 2020.
NSIA saves $350m from presidential fertiliser initiative
The Nigerian Sovereign Investment Authority said it has saved over $350 million from the erstwhile payments on subsidy and import substitution through the implementation of the Presidential Fertilizer Initiative. The
Bears sustain dominance as capitalisation falls by N274b
The bears maintained dominance on the equities market yesterday, as more blue-chip stocks depreciated, resulting in a further decline in market capitalisation by N274 billion. The post Bears sustain dominance
