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Business

July, 2023

  • 20 July

    GTBank is Best Bank in Nigeria @ Euromoney Awards

    Guaranty Trust Bank Ltd (“Guaranty Trust” or “the Bank”) has been named Best Bank in Nigeria at the Euromoney Awards for Excellence 2023. This marks a record 12th time that Guaranty Trust Bank has been recognised as the leading financial institution in Nigeria.Announcing the award, Euromoney stated: “Nigeria’s Best Bank, Guaranty Trust Bank, has continued to do a good job ...

  • 20 July

    Group within POS Operators protests New Charges as unrealistic

    There are signs of big crack in the wall ofAssociation of Mobile Money and Bank Agents in Nigeria or so it seems. Members whom the association seek to protect their survival in business by hike in charges are up in arms! They are disgruntled and verily against theannounced new service charges for POS operators in June.. The Association of Mobile ...

  • 20 July

    No excitement, as 1st fuel vessel by marketers arrives

    Expected joy and excitement over breaking of NNPC monopoly of fuel importation is missing ! Until now, state oil firm NNPCL had enjoyed a monopoly downstream market for years. The firm had singlehanded imported petrol consumed in-country, and had dictated prices. The downstream has been unbundled for the first time ever, with the arrival of first batch of petrol, 27 ...

  • 19 July

    APC touch lights SE for Omisore’s replacement

    Indications are also there that the party may look away from Omisores’s zone to produce his successor . Iyiola Omisore was swept as National Secretary. One APC chieftain said, in the interest of fairness, a new party scribe must be of South-East extraction. “If we want to be fair to all sections of the country, the next National Secretary should ...

  • 12 July

    Buhari demands sack of reporter, for saying…

    For misleading the otherwise credible newspaper to falsely report on their front page that former President Muhammadu Buhari has “fled” and on “exile” when he is currently at home with family in Daura, Katsina State, BusinessDay newspaper should sack their reporter who didn’t do the job of checking his facts. BusinessDay should think 10 times before running any information from ...

  • 12 July

    Binani reawakens bid to be 1st female gov, drags INEC to court !

    The All Progressives Congress (APC) candidate in the Adamawa governorship election, Aisha Dahiru, popularly called “Binani,” has, again filed a lawsuit against the Independent National Electoral Commission (INEC) over the nullification of her declaration as governor of Adamawa in the March 18 governorship election. In a motion marked: FHC/ABJ/CS/935/2023, and filed by her counsel, Michael Aondoaka, SAN, before Justice Donatus ...

  • 12 July

    The Game of Thrones at First Bank Nigeria By Ijeoma Nwogwugwu

    Billionaire businessman, Femi Otedola, must be excreting bricks. In recent weeks, the often-ebullient businessman has told anyone who cares to listen that he is about to emerge Chairman of FBN Holdings Plc (FBN Holdco) – one of Africa’s largest diversified financial services groups and parent of First Bank of Nigeria Limited, the country’s oldest lender. Otedola, from all indications, was ...

  • 12 July

    Japa gets tougher, Nigerian Students in UK lament Tinubu’s new policy

    President Bola Ahmed Tinubu’s new FX regime is discouraging Japa through schooling route ! Increase in the cost of forex is affecting many Nigerians intending to study in the UK. And Nigerian students are facing tough times in the United Kingdom after the naira equivalent of their tuition fees increased by over 60 per cent. YOUNEWS learnt that many had ...

  • 12 July

    Ecobank set to seize Oba Otudeko’s FBN shares over $17m debt

    Ecobank, a West African financial services group, is pursuing the acquisition of shares recently obtained by Nigerian tycoon Oba Otudeko in FBN Holdings due to his indebtedness to the bank. Otudeko and his affiliated companies owe Ecobank over NGN13.5 billion ($17.1 million). In 2017, Ecobank Nigeria Limited filed several lawsuits against Otudeko and his companies, including Honeywell Group Limited, Siloam ...

  • 11 July

    Depression’s real: critically ill 72 yr old commits suicide via gun shots

    ,A 72-year-old resident of Ede, Osun State, Kareem Aderemi, has reportedly committed su!cide, by shooting himself with a barrel gun. The Public Relations Officer of the Nigeria Security and…..Civil Defence Corps in the state, Kehinde Adeleke, confirmed the incident during an interview. The deceased, who was said to be battling some ailments including partial blindness, was said to have perpetrated ...