Court summons CBN gov
A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria and the Head of the Legal Services Department of the apex bank to appear before it with specific documents on Monday, September 2, the…
Geometric Power laments gas shortage
The management of the Geometric Power Plant has decried the acute shortage of natural gas supply to its 188-megawatt plant in the Osisioma Industrial Estate in Aba, Abia State, saying it is affecting the state’s economic growth. In a press…
Citibank appoints Nneka Enwereji as CEO
Citibank Nigeria Limited has appointed Nneka Enwereji as its Managing Director/Chief Executive Officer. In a statement issued by the Head of Public Affairs, Nigeria and Ghana Global Communications Enterprise Services and Public Affairs, it was indicated that Enwereji’s appointment became…
Tinubu Appoints Two Directors For Bank Of Industry
Akinde is a finance professional with over 20 years of Investment and Corporate Banking experience and an extensive track record covering capital raising (Debt, Equities and Hybrids) as well as Corporate Finance (Mergers & Acquisitions, Privatization Advisory and Project Finance)….
Oando King, Wale Tinubu Breaks Record
Accolades and commendations pour in for the debonair Wale Tinubu, the illustrious Group Chief Executive of Oando PLC as he completes the staggering $783 Million acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni, marking the biggest…
N127bn Fidelity bank capital raise oversubscribed – CEO
The Managing Director/Chief Executive Officer of Fidelity Bank, Dr Nneka Onyeali-Ikpe, has said that the bank was able to meet and surpass its target from the just concluded combined offer. This was disclosed in an email, which was signed by…
First Bank sacks over 100 employees after ₦40bn fraud
First Bank sacked over 100 employees in July 2024, four months after discovering that Tijani Muiz Adeyinka, a manager on the operations team, allegedly diverted ₦40 billion over two years. In details first reported by TechCabal, Adeyinka, who is still…
CBN to create new office to manage dormant account funds
The Central Bank of Nigeria (CBN) has disclosed that it will create a dedicated office to manage dormant accounts and unclaimed balances. This is according to the CBN’s recently issued document, “FAQs – Guidelines on Dormant Account and Unclaimed Balances…
Oando denies Malta blending plant ownership claims
Oando PLC has denied allegations on social and digital media that it owns a blending plant in Malta. The energy company also denied importing dirty fuel into Nigeria through a Maltese company, Raz Hansir Oil Terminal Limited. A statement by…
LCCI: Naira to Appreciate Towards N1000 per Dollar
The Lagos Chamber of Commerce and Industry (LCCI) has projected that the Naira would appreciate to N1,000 per Dollar. This was disclosed by the President of LCCI, Mr. Gabriel Idahosa, when he addressed news men on the state of the…