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Business & Economy

GTCO makes history, becomes Nigeria’s first financial institution to list on London Stock Exchange

Guaranty Holdings Company, GTCO), Nigeria’s biggest financial institution by market value, made history on Wednesday morning as it listed it’s 36.4 billion ordinary shares...

Amid controversy, AMCON announces sale of Ibadan Power DisCo for N100bn

The Asset Management Company of Nigeria (AMCON) on Thursday disclosed that the Ibadan Electricity Distribution Company (IBEDC) has been sold. AMCON Managing Director (MD) and...

Tinubu confers GCON title on outgoing Afrexim bank chief Benedict Oramah

President Bola Tinubu Friday in Abuja conferred the national honour, Grand Commander of the Order of the Niger (GCON), on President and Chairman of...

SEC imposes three-year break period for CEOs transitioning to chairman

The Securities and Exchange Commission (SEC) has introduced new governance measures aimed at enhancing corporate oversight and ensuring a distinct separation of roles within...

FirstHoldCo assures to comply with CBN regulatory issues and pay dividend this year 

FirstHoldCo Plc has assured of its commitment to comply with the Central Bank of Nigeria’s (CBN) prudential regulations, including resolving breaches of the Single...

Moody’s upgrade of Nigeria’s credit rating, a positive signal to investors – Tinubu

The Federal Government welcomes Moody’s Investors Service’s latest upgrade of Nigeria’s long-term foreign-currency issuer rating from Caa1 to B3, with a Stable Outlook. This...

Hackers breach MTN network

“We take cybersecurity very seriously and have robust systems in place to detect, isolate, and neutralize threats”Telecoms giant, MTN Nigeria on Friday, April 25,...

Global accounting firm, PwC shuts operations in nine African countries

Global accounting firm and a key member of the “Big Four”, PriceWaterhouseCoopers, PwC, has confirmed its exit from nine Sub-Saharan African countries last month....

Dangote slashes petrol price from N865 to 835 per litre

Dangote Petroleum Refinery has again announced a reduction in the gantry price of Premium Motor Spirit (aka) petrol. The new price is set at N835...

Prada agrees to buy fashion rival Versace in a $1.375 deal

Two of the biggest names in Italian fashion space, Prada and Versace on Thursday announced a deal valued at $1.375 billion which will see...

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