Business

The rhythm of Nigeria's business world
President Bola Tinubu has appointed Dr. Danjuma Adamu Ismaila as the new Rector of the Nigerian College of Aviation Technology (NCAT), Zaria. With expertise in air transport management and aviation security, Ismaila is expected to enhance training standards, improve safety, and align NCAT with...
The Nigerian government has sued Binance for $81.5 billion, accusing the crypto giant of tax evasion, regulatory violations, and economic losses. The Federal Inland Revenue Service claims Binance operated illegally, failing to pay $2.001 billion in taxes. A court hearing is set for March 3...
Ex-Kuda executive Rosemary Hewat has sued the fintech company in the UK, alleging gender discrimination, wrongful termination, and a toxic work culture. She claims CEO Babs Ogundeyi sidelined female employees, denied her stock options, and dismissed her after she raised concerns. Kuda has...
The Central Bank of Nigeria (CBN) has ordered banks to disclose details of dormant accounts, unclaimed balances, and financial assets on their websites. The move aims to enhance transparency and ensure compliance with financial regulations. Banks must publish account holder names, account types...
Microsoft has launched a $1 million initiative to train one million Nigerians in AI skills over two years. Announced at the Microsoft AI Tour in Lagos, the program aims to equip youths with AI knowledge for global competitiveness, fostering digital transformation, job creation, and technological...
The Nigerian National Petroleum Company (NNPC) Limited has announced that successful candidates from its latest recruitment exercise will soon receive their appointment letters. The company emphasized its commitment to fairness, transparency, and equal opportunity while encouraging unsuccessful...
Aliko Dangote’s net worth has surged to $23.9 billion, making him the 86th richest person globally, according to Forbes. His wealth increase is driven by his 92.3% stake in Dangote Petroleum Refinery. The refinery’s operations have expanded, with expectations to reach full capacity soon, further...
The Naira appreciated to N1,540 per dollar in the parallel market, up from N1,565 last week, while the official rate also saw slight gains. Experts attribute the rise to CBN’s forex interventions and increased interbank transactions. Analysts suggest continued liquidity injections could further...
The CBN has ordered bank directors with non-performing insider loans to resign immediately. Banks must recover outstanding debts by seizing collaterals and limiting insider loan exposure to comply with BOFIA 2020 regulations. This move aims to strengthen corporate governance, reduce financial...
Airtel Nigeria has revised its data and voice call tariffs, citing rising operational costs. The new pricing affects daily, weekly, and monthly plans, with call rates increasing to 25 kobo per second. The adjustments align with industry-wide efforts to mitigate inflation and forex fluctuations...
Airtel Nigeria has increased data and voice call tariffs by up to 50%, citing inflation and rising operational costs. The review follows NCC’s approval of a telecom tariff hike. New pricing affects daily, weekly, and monthly plans, while call and SMS rates have also been adjusted. Airtel...
Mashariq Al Dhahabiah Al Mutawazi, a Saudi company contracted by NAHCON to serve Nigerian pilgrims during the 2025 Hajj, threatens legal action over contract breaches. The company claims NAHCON violated terms by splitting the agreement with another provider, demanding a 20-day resolution before...
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