Business news
The management of the University of Calabar, Cross River state, has suspended the dean of the faculty of law, Professor Cyril Ndifon, amid a flurry of sexual assault allegations levelled against him by female students. Unical, in a statement, on Thursday, said Mr Ndifon was suspended for allegedly violating the institution’s extant laws and policies […]
In view of the challenges that emerged from the electronic payment system in the first quarter of 2023, stakeholders are set to provide solutions in line with Nigeria’s Payment System Vision (PSV) 2025. The Central Bank of Nigeria (CBN) in December 2022 released the Payments System Vision (PSV) 2025 to be driven by contactless payments, […]
NNPC Retail, the marketing arm of the Nigerian National Petroleum Company Limited has strongly denied any plans to increase the pump price for Premium Motor Spirit (PMS), commonly known as petrol. The denial came amid widespread speculation surrounding potential price hikes. The company assured its loyal patrons that they can continue to expect the same […]
Guinea Insurance Plc has received approval from the National Insurance Commission (NAICOM), the Securities and Exchange Commission (SEC), and the Nigerian Exchange Group (NGX), for the issuance of 1,802,800,000 Ordinary Shares at 50 Kobo per Share. The endorsement was seen as a reinforcement of the Company’s dedication to regulatory compliance and its clear strategic vision […]
Leading financial institution, Fidelity Plc, has distributed over 1,200 food packs to the internally Displaced Persons in Makurdi, Benue State in its ongoing commitment to eliminate hunger among vulnerable persons in the society. The event, which took place on Thursday, 10 August 2023 at the IDP Camp, Federal Housing Estate in North Bank, Benue State […]
Nigerian Exchange Limited (NGX), along with the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), have demonstrated their willingness to collaborate with the Federal Government through the Ministry of Finance Incorporated (MOFI) in facilitating market development and listings. This was disclosed during the Closing Gong Ceremony, held […]
Six Colombian men were arrested Thursday in connection with the fatal shooting of Fernando Villavicencio a day earlier in the capital, Quito. He was not a front-runner in the race, but his assassination in broad daylight less than two weeks before the special presidential election underscored the challenge Ecuador’s next leader will face in any […]
A 33-year-old suspected armed robber, Akeem Owonikoko, has alleged that a police inspector, identified simply as Ola, supplied him and other gang members with guns, the Ogun State Police Command said on Sunday. According to a statement by the Police Public Relations Officer, Omolola Odutola, Owonikoko was arrested along Sagamu-Ijebu-Ode Expressway during a sting […]
There are strong indications that pump price of petrol is expected to record another round of increases, the third within 10 weeks as oil marketers hint that the landing cost of petrol has risen month-on-month, MoM, by 37.4 per cent to N632.17 per litre in July 2023, from N460 per litre in June 2023. […]
Mustapha Fasasi, a 34year old indigene of Oyo State, South-West Nigeria, is excited about his recently acquired skill of solar panel installation for homes and small businesses. With prior interest in solar and renewable energy, he signed up for the vocational skills training hosted by the Alliance for Youth Nigeria, as soon as he heard […]