Aliko Dangote Retains Title as Africa’s Wealthiest Individual
In the latest edition of the esteemed Bloomberg Billionaires Index, Aliko Dangote, the President of Dangote Group, has firmly upheld his position as Africa’s wealthiest person. Even amid the fluctuations of the Nigerian currency against the mighty dollar, Dangote’s wealth stands strong at an impressive $15.6 billion, securing his prominent place atop the list of […]
President Tinubu Encourages Foreign Investors to Embrace New Business Landscape in Nigeria
President Bola Ahmed Tinubu, in a resolute appeal to global investors, asserts that Nigeria is undergoing a significant transformation, no longer adhering to business as usual practices. During his engagements with the African Export-Import Bank (Afrexim) and the European Bank for Reconstruction and Development (EBRD) at the Summit for New Global Financing Pact in Paris […]
Arik Air Denies Allegations of N120bn Fund Diversion, Labels Accusations as False, Part of a Smear Campaign
In a recent development, Arik Air Limited (in receivership) has vehemently refuted allegations of misappropriation of funds amounting to N120 billion. The claims were made against the Receiver Manager appointed by the Assets Management Corporation of Nigeria for Arik Air, Mr Kamilu Omokide, who had reportedly been detained by the Economic and Financial Crimes Commission […]
‘OPEC-China energy dialogue avenue for global oil market stability’
Mr Zhang Jianhua, Administrator, National Energy Administration, the People’s Republic of China, has lauded the high-level energy dialogue between China and Organisation of Petroleum Exporting Countries member countries. Jianhua said the dialogues had jointly maintained global oil market stability. Jianhua made this known at the Sixth High-level Meeting of the OPEC-China Energy Dialogue, held in […]
With 115 Electric Tricycles, Sterling Alternative, others Improve Kano Transportation
In order to improve intra-city transportation in the Kano metropolis, Sterling Alternative Finance has teamed up with LINKS, Mata Zalla Women, and Yar Baiwa Women Cooperatives and financed 115 electric-powered tricycles for the sole use of female transporters in the state. With 115 participants, the partnership is a cooperative effort to promote gender empowerment, sustainable […]
Lagos Partners with ARCA to Develop Parking Payment App
The Lagos State Government and ARCA Payment Ltd. have teamed up to create a parking payment application that will improve organized parking operations in an effort to make parking in the city seamless. The General Manager of LASPA, Mrs. Adebisi Adelabu, announced this development at a meeting between the LASPA and ARCA Payment Ltd. The […]
UBA Foundation Empowers Women with Skills
United Bank for Africa Plc’s corporate social responsibility division, the UBA Foundation, claims it has joined the rest of the world in celebrating women in the month of March by participating in a number of initiatives that aim to empower young women and advance gender equity. A two-day empowering program called the “Women Digitall Workshop” […]
IATA Issues Warning to Nigeria as Airline Funds Trapped Reach $802m
According to the International Air Transport Association (IATA), a trade group for international airlines headquartered in Switzerland, the overall amount of trapped foreign airline funds in Nigeria has increased to $802 million. The Nigerian government was thus forewarned by IATA that the situation might impede air connectivity, economic development, and the growth of the nation’s […]
First Bank Rejects FG’s Forgery Accusation calls it “Spurious”
First Bank has rejected the allegation made by the Federal Government against its institution, calling the claim an effort to damage its image. The managing director of the bank and three other people were charged by the FG with forgery-related offenses, The PUNCH had previously reported. The charge sheet, marked CR/266/2023 before the High Court […]
Gross income at Zenith Bank increased by 24% to N946 billion
Zenith Bank Plc increased its gross profits by 24% from N765.6 million at the end of the 2021 fiscal year to N945.5 billion during the same time in 2022. This information was provided by the bank in a statement titled “Zenith Bank grows gross earnings by 24% to N945.5bn in 2022,” which was released on […]