Monday, November 19, 2018
Business

Business

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The Nigerian National petroleum Corporation (NNPC) says that some of the financing companies it approached to revamp the country’s refineries have shown interest in Port Harcourt refinery. Mr Ndu Ughamadu, Group General Manager, Group Public Affairs Division, disclosed this in...
A leading bank regulator on Tuesday fined Capital One Bank 100 million dollars for failing to enforce anti-money laundering controls that have been in place for years. Capital One failed to satisfy a 2015 consent order that demanded the bank...
Vice-President Yemi Osinbajo says Nigerians spend about 8 billion dollars annually on importation of vehicles. Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th Abuja Motor Fair on...
Big businesses operating in Nigeria take the Federal Government and stipulated regulations for granted, the Minister of Finance, Zainab Ahmed, declared on Tuesday. Ahmed, who was responding to a question on the recent sanction that was imposed on MTN Nigeria...
Guaranty Trust Bank plc has released its unaudited financial results for the period ended September 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position...
Many people around the world are familiar with Aliko Dangote, a Nigerian who is often described as Africa's richest man. But Isabel dos Santos, 45, an Angolan businesswoman, is Africa's richest woman and the eldest child of Angola’s former...
China will open the world’s longest sea bridge to traffic from next week. The 55-kilometre-long bridge linking Hong Kong, Zhuhai and Macao took six years of preparations and eight years to build. Construction began on 15 December 2009 and is...
WhatsApp has banned hundreds of thousands of accounts in Brazil as the Facebook Inc. messaging service struggles to contain political shenanigans ahead of a runoff election in Latin America’s largest country. “We have cutting-edge technology to detect spam that identifies...
Nigeria’s leading Tier 1 lender, First Bank of Nigeria Limited, has reiterated its commitment to leveraging Financial Technology (Fintech) to deliver innovative services. The Managing Director/Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan, stated this in his...
Nigeria’s central bank and South African telecommunications firm MTN could soon strike a deal in their dispute over the repatriation of $8.1 billion, Nigeria’s information minister said on Wednesday. The central bank says MTN transferred $8.1 billion of funds out...
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