CBN Sanctions Nine Banks with N1.35bn Fine Over ATM Cash Shortages
The Central Bank of Nigeria (CBN) has penalized nine Deposit Money Banks (DMBs) with a total fine of N1.35 billion...
General Hydrocarbons Refutes $225M Debt Claim
General Hydrocarbons Limited (GHL) has refuted allegations that it owes First Bank of Nigeria (FBN) $225.8 million, asserting that the...
Lagos Assembly Speaker Mudashiru Obasa Impeached for Misconduct, Replaced by Mojisola Metanda
The Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has been impeached following allegations of gross misconduct and...
First Bank Eyes Expansion into New African Markets
First Bank is gearing up for a strategic expansion across Africa, targeting at least three new countries as financial markets...
Brent Crude Surges Above $81 Amid Fresh U.S. Sanctions on Russian Oil
Global oil prices experienced a sharp rise on Monday as Brent crude soared past $81 per barrel following new U.S.-imposed...
Governor Seyi Makinde Officially Crowns New Alaafin of Oyo, Abimbola Akeem Owoade
In a historic moment for the people of Oyo Kingdom, Governor Seyi Makinde has formally presented the staff of office...
Nigeria, U.S. Partner to Recover $52.88 Million from Ex-Oil Minister’s Assets
Nigeria and the United States have reached an agreement to return approximately $52.88 million in funds linked to former Nigerian...
FBN Shareholders Demand Urgent Meeting to Remove Chairman Otedola
A faction of First Bank of Nigeria Holdings Plc shareholders, controlling 10% of the company's shares, has formally called for...
African Stock Markets Shine in 2024 Amid Economic Challenges
African stock markets posted strong performances in 2024, with over ten key indices recording gains, and eight of them achieving...
Trump Unveils Bold Gulf Renaming Plan, Issues Ultimatum to Hamas
President-elect Donald Trump has announced a controversial plan to rename the Gulf of Mexico as the "Gulf of America," calling...
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