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Business and Economy

Failure To Recover Over N4.4tn Debt Bad For Economy – AMCON

The Asset Management Corporation of Nigeria (AMCON) has called on all agencies of the Federal Government and all stakeholders to join its debt recovery...

Ex-Skye Bank chair petitions EFCC over alleged forceful takeover of company

 Former chairperson of the board of directors of the defunct Skye Bank Plc, Tunde Ayeni, has petitioned the Economic and Financial Crimes Commission (EFCC) over an...

SERAP To FG: Quit Plans To Borrow Dormant Account Balances, Unclaimed Dividends

The Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to use his leadership position “to...

Access Bank completes takeover of Zambia’s Cavmont Bank

Access Bank Plc said it had acquired Zambia-based Cavmont Bank Limited through Access Bank Zambia Limited.The takeover, a product of the lender’s satisfaction of...

Yemisi Edun Appointed Acting FCMB CEO

First City Monument Bank Limited (FCMB) has appointed Yemisi Edun as the acting Chief Executive Officer of the bank.This followed the decision by the...

CBN must review Foreign Exchange policy to improve dollar supply- LCCI

The Central Bank of Nigeria needs to get its foreign exchange policy right to attract the needed investors that will improve the supply of...

BUA Cement to construct cement plants in Sokoto, Edo and Adamawa

BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of 3 million tons each...

Buhari lauds China for addressing Nigeria’s infrastructural deficits.

President Muhammadu Buhari says sustainable development is impossible when a country is hobbled by severe infrastructural deficits, thanking China for its support in building...

FCMB share value records 6% loss on first day of 2021 trading

Shares of the First City Monument Bank (FCMB) posted a six per cent loss on the first day of trading on Monday, January 4.The...

BUA Cement raises N115bn debt through bond issue

BUA Cement said it had concluded the raising of N115 billion debt from investors through its Series 1 Fixed Rate Senior Unsecured Bond issue...

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