Category: Business
Swiss regulator fines banks over improper forex trading
Five of the world’s biggest banks have been fined about million Swiss francs (about 91 million dollars) for undermining competition in foreign exchange trading,...
Presidency revokes five oil licences
Presidency has revoked five Oil Mining Licences (OML) and one oil prospecting licences (OPL) belonging to five companies. The revocation order contained in notice made...
Eid-el-Fitri: NSE market indices down by 0.45%
The Nigerian equities market maintained a bearish outing on Monday, having opened for the week with a loss of 0.45 per cent. The News Agency of Nigeria (NAN) reports...
Oando saga: Court restrains SEC from removing Tinubu, Boyo
The Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Messrs Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief...
Police take over Oando head office
Police have stormed Oando’s head office in Victoria Island Lagos, making staff of the company stay off work. The Securities and Exchange Commission on Sunday said that...
Eid-el-fitri: Price of tomato increases by 42% in Lagos
Ahead of the forthcoming Eid-el-Fitri celebration, prices of tomato have soared by 42 per cent in some markets in Lagos, the News Agency of Nigeria (NAN) reports. A...
SEC orders Oando Group CEO Wale Tinubu, others to resign
The Securities and Exchange Commission has concluded its investigation of Oando Plc and ordered the Group Chief Executive Officer of the company, Mr. Wale Tinubu, and...
Naira converges around N360/$ at major Forex markets
The Naira on Thursday converged around N360 to the dollar in major segments of the foreign exchange market. The News Agency of Nigeria (NAN) reports that the naira...
Coca-Cola ranks 4th most admired African brand
Coca-Cola has been ranked as the fourth most admired brand in Africa’s Best 100 Brands Awards. Camilla Osborne, Head of Communications, Southern and East Africa made...
AMCON N5trillion debt: Dimgba, Kuru, others seek ways to improve recovery
As the noose on obligors of Asset Management Corporation of Nigeria (AMCON) tightens in line with its latest enforcement strategy, Justice Nnamdi Dimgba of the...
