Business

Fidelity Bank PLC firmly rejected the accusations of internal trafficking and financial irregularities involving the Director of Executive and Chief Executive Officer, Nneka Onyeali-Ikpe. The bank described the claim, which circulated earlier this week, as “baseless, evil, and deliberately misleading.” The accusation, which was accused of onyeali-Ikpe, bought 18 million bank shares using special information and misused funds, was widely …

The ancient city of Ilesa, in the state of Osun, was Friday Aglow with the color and culture as eminent Nigeriani, including the former president OlusaGun Obasanjo and the former presidents of Vice Atiku Abubakar and Namadi Sambo, gathered for the official crown of Oba Adhesuyi Haastrup, Ajimoko III, as New Owa Obokun Di Paramate of paramagle of paramate of …

The Nigerian equity market yelled at a few weeks of profit because investors experienced trading Sunday losing N201 billion in five days. The market recorded losses in three trading sessions, getting in two trading sessions. Market capitalization declined to N68,752 trillion from N68,953 trillion recorded in the previous week. Likewise, the all-share index (ASI) depreciated 0.62% to close the week …

The central bank of Nigeria (CBN) recently decided to maintain its reference rate, the monetary policy rate (MPR), at 27.5 percent, marking the second consecutive time in 2025. The Apex bank cited different macroeconomic trends such as reasons to hold rates. David Agba reports. At the 295th meeting of the Central Bank of the Nigeria Monetary Policy Committee (MPC), held …

At least three suspicions were arrested after the Nigeria Customs Service (NCS) officers, The command of the Apapa area intercepted an expedition of prohibited pharmaceutical products and other goods of smuggling with an estimated value of duty value (DPV) of N3.2 billion. The illegal shipment, of smuggling in the country through the Lagos port complex, was discovered following intensified application …

CDS Visits the Ministry of Defense Slovak in Bratislava Bratislava (basic reporter) Head of the Nigerian staff, Gen Christopher Gwabin Musa, Friday 23 May 2025, made an official visit to the headquarters of the Ministry of Defense of the Slova Republic in Bratislava. The CDs and its entourage were received by the Slovacchi CDs, the Gen Daniel Zmeko and other …

The Management of steel producer, Sethi Brothers, rejects allegations that its products in the Liberian market are substandard, threatening to take those making such allegation to court. By Emmanuel Wise Jipoh  Monrovia, Liberia, May 23, 2025 – The Management of Sethi Brothers Incorporated firmly denies recent accusations made by the President of the Patriotic Entrepreneurs of Liberia (PATEL), Mr. Dominic …

The Nigerians spent a total of $ 2.41 million in medical tourism in 2024, indicating a significant drop compared to the 3.82 million dollars spent in 2023, learned Punch on Saturday. The data, coming from the sectoral use report of the Nigeria Central Bank for transactions valid for changes, show a drop of 36.91 percent of year in the year …

By Victor Osula, Abuja The Federal Government has warned the airlines against flying passengers in Nigeria without valid views, declaring that the country will not act as a test terrain for the practices that are not tolerated elsewhere. The Minister of the Interior, Olubunmi Tunji-Ojo, published the warning on Friday during a awareness program on the new E-Visa policy organized …

Investors at the Nigerian equity market obtained N130.05 billion at the close of trade on Friday. This follows an increase in stock prices such as the Red Star Express PLC, University Press (UPL) and related bus companies, including on the trading floor. The Benchmark All-Share Index (ASI) crashed 109,028.62 points from 109,183.02 points recorded on the previous day. After five …