NDIC begins payment of ₦46.6bn liquidation dividends to Heritage Bank depositors
The Nigeria Deposit Insurance Corporation (NDIC) has started paying N46.6 billion in liquidation dividends to depositors of the defunct Heritage Bank. The funds were realized from the sale of the…
MTN confirms cybersecurity breach affecting customer data
MTN Group, Africa's largest telecom provider, has reported a cybersecurity breach compromising customer data in some markets. The breach resulted from unauthorized third-party access to parts of MTN's environment. Impact…
Chart & Capstone Integrated, Sinomach-HE sign $1bn iron ore-to-steel project agreement in China
Chart & Capstone Integrated Ltd and Sinomach-HE Sign Financial and Technical Agreement for $1 Billion Iron Ore-to-Steel ProjectChart & Capstone Integrated Ltd, a Nigerian company, and Sinomach-HE, a Chinese firm,…
Beiersdorf unveils Eucerin skincare solutions in Nigeria
Beiersdorf, a globally renowned skincare company and maker of NIVEA, has once again reinforced its status as one committed to providing science-backed skincare solutions. The company on Friday March 28…
Fitch upgrades Nigeria’s rating to ‘B’, outlook stable
Fitch Ratings has upgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B-', with a stable outlook. The upgrade reflects increased confidence in the government's commitment to policy…
Woodhall Capital Foundation, Mentor Intro Africa launch mentorship programme for captains of industry
The Woodhall Capital International Foundation (WCIF) and Mentor Intro Africa have partnered to launch a six-week intensive mentorship programme for a new generation of Captains of Industry. The programme, which…
America’s largest bank JP Morgan to begin full banking operations in Nigeria
JP Morgan, America's largest bank, plans to upgrade its Lagos representative office to a full-fledged business branch, marking a significant expansion of its presence in Nigeria and Africa. The bank…
Sterling Bank revolutionizes digital banking with zero transfer fees
In a pioneering move, Sterling Bank has abolished transfer fees on all local online transactions, setting a new standard for customer-centric banking in Nigeria. This bold decision, effective immediately, underscores…
Tinubu appoints Kida, Ojulari new NNPC leaders | Sacks long time friend as chairman
In a significant move, President Bola Ahmed Tinubu has reconstituted the Nigerian National Petroleum Company (NNPC) Limited board, appointing a new chairman and group CEO. According Bayo Onanuga, presidential spokesperson,…
NNPC begins assessment of potential partners ahead of stock exchange listing
The Nigerian National Petroleum Company (NNPC) Limited has commenced the evaluation of potential partners in preparation for its Initial Public Offering (IPO) on the Nigerian Stock Exchange. This move is…
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