admin

EFCC Arrests Popular Tiktok Musician, Others Over Alleged Internet Fraud
adminMay 31, 2023
The Economic and Financial Crimes Commission (EFCC) has arrested a popular Tiktok musician, Crown Uzama (known as ShalliPopi) and his manager, Ajayi Hafeez (known as 21 Badda) for alleged internet-related…Read More
Naira Slumps as Market Records 9% Drop in Forex Trades
adminMay 30, 2023
Naira Slumps as Market Records 9% Drop in Forex Trades Naira depreciates across foreign exchange markets as United States (U.S.,) dollar scarcity persists. Amidst scarcity, the volume of the United…Read More
Nigerian Exchange Jumps by N428bn as Financial Stocks Rally
adminMay 30, 2023
Nigerian Exchange Jumps by N428bn as Financial Stocks Rally The Nigerian Exchange, NGX, rose by N428 billion following buying interest in large, mid, and small caps companies’ stock; a healthy…Read More
Unemployment: Gov Otti Launches N10bn MSME Fund
adminMay 30, 2023
Unemployment: Gov Otti Launches N10bn MSME Fund New Governor of Abia, Dr Alex Otti, on Monday says his administration will within the next one month, launch a N10 billion Micro,…Read More
NASCON Plc.’s Shareholders to Get N2.65bn
adminMay 30, 2023
NASCON Plc.’s Shareholders to Get N2.65bn Shareholders to get N2.65 billion as NASCON Allied Industries Plc recorded impressive growth in all performance indicators in the year ended December 31, 2022.…Read More
Africa Finance Corporation Secures US$625m Syndicated Loan
adminMay 30, 2023
Africa Finance Corporation Secures US$625m Syndicated Loan In a move to further diversify its debt profile, Africa Finance Corporation, the leading infrastructure solutions provider on the continent, announces that it…Read More
MultiChoice, Partners Launch Payment Platform
adminMay 30, 2023
MultiChoice, Partners Launch Payment Platform MultiChoice Group, Rapyd, and General Catalyst announced a joint venture to develop an integrated payment platform for Africa. The joint venture will operate under a…Read More
AIT, Raypower Founder, Raymond Dokpesi is Dead
adminMay 30, 2023
AIT, Raypower Founder, Raymond Dokpesi is Dead Media mogul and chairman of Daar Communications PLC, owners of Nigeria’s first private radio station, Raypower FM, and AIT, High Chief Raymond Aleogho…Read More
Tinubu Declares End to Subsidy Payment on Fuel
adminMay 30, 2023
Tinubu Declares End to Subsidy Payment on Fuel Nigeria’s President, Bola Ahmed Tinubu says the era of subsidy payment on fuel has come to an end. President Tinubu in his…Read More
TotalEnergies Renews OML 130 Deep Offshore Licence
adminMay 30, 2023
TotalEnergies Renews OML 130 Deep Offshore Licence TotalEnergies, operator of oil mining licence (OML) 130 in Nigeria, announces the renewal of the production license on this block for 20 years,…Read More
Subsidy is Gone, Tinubu Declares
adminMay 30, 2023
Subsidy is Gone, Tinubu Declares President Bola Tinubu says subsidy regime will end with the commencement of his administration. He declared this during his inauguration as the 16th President of…Read More
Depositors’ Claim For Compensation For The Failure Of A Financial Institution; Revisiting The Provisions Of The NDIC ACT 2006
adminMay 30, 2023
By Oyetola Muyiwa Atoyebi, SAN INTRODUCTION The Nigeria Deposit Insurance Corporation (NDIC) is an agency of the Federal Government of Nigeria established pursuant to the provisions of Section 1 of…Read More