23 mins ago
•Bitcoin falls below $50,00 amid crpto bloodbath The emerging global turmoil manifesting in risky asset sell-off is causing jitters across emerging markets, including Nigeria, where banks are bracing up to raise about N4 trillion in the next two years to increase their minimum paid-up capital. The week opened with a bloodbath across regions and asset…
25 mins ago
Justice Ambrose Lewis-Allagoa of Federal High Court, Lagos has nullified the sale of Nigeria Air to Ethiopian Airlines by the Muhammadu Buhari administration. Justice Lewis-Allagoa also ordered the Federal Government to halt plans to establish a national carrier, Nigeria Air. The judge delivered the judgment while determining the issues in the suit filed by…
30 mins ago
Officers attached to the Gwagwa division of the Nigerian Police Force (NPF) have resisted attempts by unknown individuals hiding under the umbrella of the #EndBadGovernance protest to attack the popular Gwagwa market in Abuja Municipal Area Council (AMAC) of the Federal Capital Territory (FCT). A visit to the market by The Guardian showed the presence…
30 mins ago
First City Monument Bank (FCMB) Plc has welcomed a new member, Ademola Adebise, to its board of directors. The appointment follows the approval of the Central Bank of Nigeria. Adebise’s appointment marks a significant addition to the company’s leadership team. He is a seasoned banker with over three decades of experience. Adebise, who most recently…
34 mins ago
The National Industrial Court (NIC), Lagos has ordered Ecobank Nigeria Limited to pay the sum of N1, 086,611,589.11 to 1,742 ex-staff of Oceanic Bank who were denied their legitimate entitlements. Justice R. A. Gwandu gave the order while delivering judgment in a suit marked NIC/LA/231/2012, filed by 1,742 ex-employees of the defunct bank, which merged…
