The N17 billion Anchor Borrowers Programme (ABP) loan controversy involving AFEX Commodity Exchange (AfCE) has taken a new turn, as Guaranty Trust Bank (GTB) has dragged...
MultiChoice, the parent firm of DStv and GOtv, has reverted to old subscription prices after a court directive. The judgement follows a court verdict that found...
The Federal High Court of Nigeria, Lagos Division, dismissed the lawsuit on Thursday after receiving a notice of discontinuance from the plaintiffs. Femi Otedola, chairman of...
BlackRock, one of the world’s largest asset managers, has revealed that it has concluded plans to liquidate its $400 million iShares exchange-traded funds (ETFs) due to...
Aliko Dangote, Chairman and CEO of the Dangote Group, has announced that the company intends to establish a terminal in the Caribbean to export petroleum products...
In its capacity as liquidator of Heritage Bank, the Nigeria Deposit Insurance Corporation has put the bank’s headquarters in Lagos and branches around the country for...
MultiChoice, South Africa’s TV powerhouse, reported a pretax loss of 706 million rand ($38 million) for the fiscal year ending in March, citing weak local currencies...
Guinness Nigeria Plc has announced plans for Tolaram Group, the owners of Dufil Prima Foods, to buy Diageo’s 58.02 percent stake in the company. The acquisition,...
According to the Central Bank of Nigeria, there are no plans to revoke Fidelity, Wema, Polaris, and Unity Banks operating licences. Mrs. Hakama Sidi Ali, CBN’s...
The currency’s value in circulation risen to N3.97 trillion at the end of May, an all-time high and a 1.07 percent gain over the previous month....
