It was a resounding bells of a successful performance for the Airtel Africa Plc brand as recorded in its nine-month period ended 31 December 2024, which was released today. According to the pan-Africa telecoms operator, it grew its revenues of $3,638m by 20.4% in constant currency but declined by 5.8% in reported currency as currency […]
Read MoreThe Securities and Exchange Commission (SEC) has warned Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, commonly known as Stecs. The SEC in a circular issued in Abuja disclosed that neither entity is registered or authorised to operate in the capital market. […]
Read MoreThe World Bank has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Norman Didam over alleged corrupt practices. The 30-month debarment bars Viva Atlantic Limited, Technology House Limited, and Didam from participating in World Bank Group-financed projects and operations. A […]
Read MoreNigeria is perfecting plans to easy itself out of the grey list of the anti-money laundering, terrorism financing by May 2025 through National Information Technology Development Agency (NITDA), which has gone into collaboration with the Nigeria Financial Intelligence Unit (NFIU) for the development and implementation of Project Exit: Upgrade of NFIU Data Management System and […]
Read MoreEFCC Arrests Four Chinese, 101 Others for Suspected Internet Fraud in Abuja In its ongoing efforts to clean the nation of internet fraud and other acts of corruption, operatives of the Economic and Financial Crimes Commission, EFCC, have arrested four Chinese and 101 Nigerians in a business apartment in the Gudu axis of Abuja. They were […]
Read MoreAn internet fraudster expert, Chima Nkwocha, a.k.a “Young Billionaire has been jailed for two years for defrauding an American identified as Linda Wheeler of $345,000. A statement by the Economic and Financial Crimes Commission (EFCC), said Nkwocha was jailed after he was arraigned before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, on […]
Read MoreMTN Nigeria Communications Plc successfully secured more than N75 billion from the debt capital market, the telecommunications company. The leading operator told Nigerian Exchange Limited and the investing public a issuing mail that the amount was raised at a higher yield of about 30% for the short-term borrowing the company sought to boost working capital. […]
Read MoreThe Lagos State Government said it will require an investment of 14 billion dollars to 33 billion dollars to meet its energy generation needs by 2030. Mr Kamaldeen Balogun, General Manager of the Lagos State Electricity Board, disclosed this at the 15th Ralph Alabi Memorial Lecture and Induction of new corporate members of the Nigerian […]
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The Dangote Group and its subsidiaries have been recognised as best Nigeria’s best compliant tax payer business organisation. They also won the FMDQ Gold award winner for being the most active corporate organisation in the foreign exchange market. Dangote Industries Limited (DIL) and Bluestar Shipping, a subsidiary, were recognized as the most compliant in tax […]
Read MoreSeplat Energy PLC, a Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the for the nine months ended 30 September 2024, with a strong underlying business performance which supports increase to core dividend by 20% to US3.6 Cents per share in 3Q […]
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