Fidelity Bank denies insider trading allegation against CEO, to seek legal redress
Fidelity Bank Plc has dismissed a report accusing Nneka Onyeali-Ikpe, its chief executive officer (CEO), of insider trading and misuse of bank…
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Business News
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Afreximbank’s Assets Grow to $42.7 Billion in Q1 2025, Reflecting Strong Financial Performance.
Afreximbank’s assets have increased to $42.7 billion in Q1 2025, driven by strong liquidity and increased cash balances. African Export-Import Bank (Afreximbank)…
Dangote refinery slashes petrol prices by N15 nationwide.
The Dangote Petroleum Refinery has announced a fresh reduction in the pump price of Premium Motor Spirit (petrol) across the country, with…
Naira ends week strong against dollar
The naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market.…
Nigeria Secures Over $8bn Deepwater Oil and Gas FIDs as Presidential Reforms Spur Investment
The FG has revealed that Tinubu’s reforms have attracted over $8bn in deepwater oil and gas investments in under a year. The…
Nigeria attracted $8bn investment in deepwater projects, says presidential aide.
Olu Verheijen, special adviser on energy to President Bola Tinubu, says Nigeria attracted more than $8 billion investments in deepwater projects and…
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CBN launches BVN platform for Nigerians in diaspora, targets $1bn monthly remittances.
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS), has launched the non-resident bank verification number…
Nigeria’s oil production rose by 6% to 1.48m bpd in April, says NUPRC.
The Nigerian Upstream Petroleum Regulatory Authority (NUPRC) says the country’s oil production increased to 1,485,700 barrels of oil per day (bpd) in…
Bank customers decry hike in SMS alert fees, opt for email notifications.
Some bank customers, especially those of Guaranty Trust Holding Company (GTCO), say they will opt for electronic mail alerts from their banks…
China, Nigeria pledge to deepen diplomatic relations through cultural exchanges.
China and Nigeria are exploring ways to deepen diplomatic relations between the two countries through cultural exchanges. He described the occasion as…