Business News
Business and economic news from Nigeria and around the world.
CBN to begin collection of Cybersecurity levy this month
CBN has released guidelines for the collection of a 0.005% levy on electronic transactions for the National Cybersecurity Fund.
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CBN extends the tenure of Skye Bank Board
Skye Bank announced that the CBN has renewed the mandate of the Bank's Board of Directors.
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NNPC considering JV funding through the capital market
NNPC may fund NNPC/TEPNG JV’s Ikike Project through the capital market.
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Future Unity Glanvills Pensions becomes Veritas Glanvills Pensions Limited
Future Unity Glanvills Pensions Ltd, (FUG Pensions) has been changed to Veritas Glanvills Pensions Ltd.
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Stiff competition shuts down P&G’s $300m diapers plant
Procter & Gamble (P&G) is in the process of shutting down its multi billion Naira Agbara plant.
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Eko Hospital directors head back to court
The ten year tussle between EKO Hospital founders and Geoff Ohen, which was close to resolution has taken a new...
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Renaissance Capital Announces New Appointments to West Africa Team
Renaissance Capital today announced the appointment of Mr Adedapo Akinpelu as the Vice President (Investment Banking) for its Nigerian operation.
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Ecobank to raise a 5-year dollar denominated bond
Ecobank has announced plans to plans to raise a five-year dollar-denominated bond. The bank has therefore mandated international lenders to arrange...
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These Nigerian banks made the Banker Magazine top 1000
The Banker Magazine has ranked five of Nigeria's biggest banks among the top 1000 banks in the world.
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Mutual Benefits to raise N2 billion after breaking dividend drought
Mutual Benefits Assurance Plc has been granted approval by the SEC on its plan to raise N2 billion through right issue towards...
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