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CBN Orders Nigerian Banks to Limit Insider Lending
CBN Cracks Down on Insider Lending, Threatens Regulatory Sanctions
In a bid to strengthen corporate governance and curb excessive exposure to influential insiders, the Central Bank of Nigeria (CBN) has issued a stern directive mandating commercial banks to comply with … Continue Reading
MUST READ: 5 High Paying But Underrated Jobs In Nigeria You Should Know About
Some High-Paying Yet Overlooked Jobs in Nigeria Offering Huge Income And Lucrative Opportunities
In a Nigeria where people are obsessed with high paying traditional professions, there are some lucrative jobs that might be ignored but still have good salaries and … Continue Reading
How Reps Member Filed A $3B (N4.5T) Lawsuit Against Binance
House Of Reps Chairman Files $3 Billion Defamation Lawsuit Against Binance Amid Allegations of Bribery and Financial Misconduct
The Chairman of the House of Representatives Committee on Financial Crimes, Ginger Obinna Onwusibe, slammed a $3 billion (N4.5 trillion) lawsuit … Continue Reading
PZ Cussons Nigeria Appoints Richard Walker as New Director Amid Financial Challenges
Lagos, Nigeria – PZ Cussons Nigeria Plc has announced the appointment of Richard Walker as a Director on its Board, effective February 13, 2025. The appointment is subject to ratification at the company’s next Annual General Meeting (AGM).
The announcement … Continue Reading
Blue Origin Cuts Workforce by 10% Amid Restructuring Efforts
Blue Origin, the aerospace company founded by Amazon’s Jeff Bezos, has announced it will reduce its workforce by 10% as part of a significant restructuring initiative aimed at cost reduction and enhancing strategic focus. This decision, impacting over 1,000 employees, … Continue Reading
FG Takes Over Keystone Bank: Reasons And What It Means For Customers’ Money
FG Takes Over Keystone Bank: What Led to the Government’s Move and What It Means for Customers and Nigeria’s Banking Sector
The Federal Government (FG) has officially taken over Keystone Bank, raising concerns among Nigerians about the reason behind … Continue Reading
Dangote invests $700m to end sugar importation in Nigeria
Dangote Group Commits $700 Million to End Raw Sugar Importation in Nigeria, Boosts Export Drive
The Dangote Group has reaffirmed its commitment to ending raw sugar importation in Nigeria. At the ongoing 14th Gateway International Trade Fair in Abeokuta, Ogun … Continue Reading
Honda-Nissan Merger Talks Collapse, Automakers To Focus On Electric Vehicle Partnership
Honda and Nissan Abandon Merger Plans but Strengthen EV Partnership to Compete Against Growing Chinese Automakers.
Talks of a potential multi-billion dollar Honda-Nissan Merger have officially collapsed, the automakers announced on Thursday. However, both companies, along with Mitsubishi, will continue … Continue Reading
Manchester United Faces More Job Cuts As Ratcliffe’s Ineos Tightens Costs
Ineos Plans Further Job Cuts at Manchester United Amid Cost-Cutting Drive, Financial Losses, and On-Field Struggles
Manchester United is bracing for another round of job cutting as co-owner Sir Jim Ratcliffe and his Ineos Group continue their aggressive cost-cutting measures.… Continue Reading
Elon Musk’s loses $53.7 billion as Tesla shares dip
Elon Musk’s Wealth Falls Below $400 Billion Amid Tesla Stock Decline
Elon Musk’s fortune has dipped below $400 billion for the first time this year, as shares of Tesla, the electric vehicle manufacturer he heads, experienced a significant drop. … Continue Reading