Business
Smart Treasure Investment targets to lift 30 million Nigerian youths out of poverty
By Amechi Obiakpu The Smart Treasure Investment Team (ST Team) is targeting to lift not less than 30 million Nigerian youths out of poverty by the year 2027. This was made known over the weekend, at a business banquet held at Vertigo Hotel, Victoria Island, Lagos. Organised by Smart Treasure…
Read More »Dangote Cement, FBNHoldings, others lift equity market by N53bn
The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53 billion,…
Read More »FirstBank clarifies misleading reports, reassures customers of gold standard banking services
FirstBank of Nigeria, one of the leading financial institutions in the country has clarified misleading media reports regarding a commercial transaction between the bank and General Hydrocarbons Limited (GHL) that is currently a subject of litigation. While assuring it’s numerous customers of its unwavering banking service delivery, the bank said…
Read More »British Council hosts Transformative Going Global Africa Conference in Abuja
The British Council, a UK-based organization in November hosted the Going Global Africa Conference 2024. The event which held at the Transcorp Hilton Hotel in Abuja, from November 26 to 28, was with the theme: “Building Sustainable and Relevant Tertiary Education Institutions and Systems in Africa”. The landmark…
Read More »Investors gain N1.137trn as Wema, FBN, Universal lead
The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. Theses are against 103,586.33 and 63.166 trillion posted last week. Consequently, equity investors gained a total of N1.137 trillion for the week…
Read More »FIRS document shows Benjamin Joseph lied under oath in Falana/Citadel case
By Tolu Aderemi-Cole As the case between Citadel Oracle Concept Limited and Zinox Technologies returns to court, a document from the Federal Inland Revenue Service (FIRS) has put a lie to the claim under oath by Benjamin Joseph, CEO of Citadel, that he was not aware of the contract…
Read More »CBN unveils two accounts to attract investments
Two diaspora accounts, Non-Resident Nigerian Ordinary Account (NRNOA) and the Non-Resident Nigerian Investment Account (NRNIA), have been unveiled by the Central Bank of Nigeria (CBN) with the aim to attract investments from Nigerians living abroad. The products are designed to provide diaspora Nigerians with secure channels to manage…
Read More »GTCO Plc raises ₦209 billion in 1st phase of equity capital raise programme
Guaranty Trust Holding Company Plc has announced the successful completion of the first tranche of its equity capital raise programme, following the completion of the capital verification exercise conducted by the Central Bank of Nigeria (CBN) and the approval of the Basis of Allotment of the Offer by the Securities…
Read More »Citibank Nigeria marks 40 years in Nigeria
Citibank Nigeria Limited (Citi) is celebrating 40 years of operations in Nigeria. The bank in a statement noted that from the bank’s foundation as Nigeria International Bank Limited, Citi’s has been one of continuous growth and transformation According to Dr Shamsudden Usman, Chair of the Board of Directors…
Read More »Zinox seeks apology from Femi Falana over alleged defamation, reputational damage
Zinox Technologies Limited, has demanded a public apology from Femi Falana SAN over alleged defamation and reputational injury inflicted on the company and its representatives by Falana and his client, Benjamin Joseph, the CEO of Citadel Oracle Concept Limited, an Ibadan-based computer firm. The management of the foremost…
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