31.7 C
Lagos
- Advertisement -spot_img

CATEGORY

Business & Economy

Dangote petrochemical set to commence production of polypropylene products

The Dangote oil refinery has announced the commencement of its polypropylene facility in Lagos, according to reorts. S&P Global also reports that starting up...

Breaking! Supreme Court stops CBN from releasing funds to Rivers

The Supreme Court has directed the Central Bank of Nigeria (CBN) to halt the disbursement of funds to the Rivers State Government until a...

Binance executive goes public, names Reps members who allegedly demanded $150m bribe

Tigran Gambaryan, Binance’s head of financial crime, has alleged that three Nigerian lawmakers demanded a $150 million bribe from him while he was in...

FBNHoldings rebrands, now First HoldCo Plc

Nigeria’s financial giant, FBN Holdings Plc, has announced a change in its brand name to First HoldCo Plc, FirstHoldco. This was made known in a...

Nvidia sheds $589bn as Chinese startup, DeepSeek disrupts AI landscape

Accelerated computing giant, Nvidia, on Monday lost about $589 billion, approximately 17 percent of its market value during midday trading on Wall Street. The sell-off...

Labour suspends strike action for one week

The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), on Tuesday, relaxed their industrial action after a 24-hour shutdown of the economy. The...

Kimberly-Clark, makers of Huggies diaper to shut down production plant three years after investing $100m

Diaper and sanitary pad manufacturer, Kimberley Clark will soon announce an imminent shutdown of its Ikorodu production facility two years after investing $100 million...

FirstBank posts N238.53bn PBT in Quarter 1, 2024

FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results. This represents about...

E-Banking System and their relation to Money Laundering and Terrorist Financing

By Kunle AjiboyeHere, e-banking refers to any financial transaction carried out for a person through a financial institution by electronic means, with a view...

A thick line between suspicious activity report and suspicious transactions report in Nigeria

By Kunle Ajiboye A Suspicious Transaction Report (STR) is a document that financial institutions must submit to the Financial Intelligence Unit (FIU) whenever there is a suspected case of money laundering, terrorist...

Latest news

- Advertisement -spot_img