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CBN suspends dividend, bonus payments for banks under forbearance

Nigeria, June 15 -- The Central Bank of Nigeria (CBN) has suspended dividend payments to shareholders and bonuses to directors and senior management staff of banks currently benefiting from regulatory... Read More


How Tinubu rescued Nigeria's economy from collapse - Governor

Nigeria, June 14 -- Governor Chukwuma Soludo of Anambra State has said President Bola Tinubu's administration rescued Nigeria from the edge of economic collapse and restored public finance to solvency... Read More


MRS Oil Nigeria announces resignation of non-executive director

Nigeria, June 14 -- MRS Oil Nigeria Plc has announced the resignation of Amina Maina as a non-executive director of the company, effective 11 July. In a statement signed by the company secretary, Olu... Read More


CBN denies extending BDC recapitalisation deadline

Nigeria, June 13 -- The Central Bank of Nigeria (CBN) has dismissed media reports claiming it has extended the deadline for Bureau De Change (BDC) operators to meet new capital requirements until 31 D... Read More


World Bank keeps Nigeria's 2025 growth forecast at 3.6%, cuts global outlook

Nigeria, June 12 -- The World Bank has maintained its projection that Nigeria's economy will grow by 3.6 per cent in 2025, even as it downgraded global growth expectations due to rising trade tensions... Read More


Aliko Dangote to retire as Dangote Sugar chair

Nigeria, June 12 -- Dangote Sugar Refinery Plc said its chairman, Aliko Dangote, will retire from the board on 16 June after nearly 20 years in the role. Two non-executive directors, Maryam Bashir an... Read More


TAJBank seeks N20 billion in second Sukuk Bond issuance

Nigeria, June 11 -- TAJBank, a non-interest bank in Nigeria, on Tuesday, signed a completion agreement for the second tranche of its N100 billion Sukuk bond programme. According to a statement by the... Read More


FCCPC launches taskforce to tackle fake, unsafe products in Abuja markets

Nigeria, June 11 -- The Federal Competition and Consumer Protection Commission (FCCPC) on Wednesday inaugurated a Joint Market Monitoring Taskforce (JMMT) to rid Nigerian markets of counterfeit and un... Read More


GTCO reshuffles board, appoints ex-CBN deputy governor as chair

Nigeria, June 10 -- Guaranty Trust Holding Company Plc (GTCO) has announced major changes to its board, including the appointment of Babatunde Soyoye as an independent non-executive director and Sulei... Read More


Why we withdrew criminal case against Fidelity Bank CEO - Official

Nigeria, June 9 -- The Attorney General of the Federation and Minister of Justice has withdrawn a criminal charge filed against Nneka Onyeali-Ikpe, managing director and chief executive of Fidelity Ba... Read More