Breaking News

Business

Central African Republic adopts bitcoin as legal currency.

The Central African Republic has adopted bitcoin as legal tender, the president’s office said Wednesday, becoming the second country in the world to do so behind El Salvador. Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies, and President …

Read More »

SEC seals Agropartnerships, Oxford International, Vektr Capital over ‘illegal investment activities.

The Securities and Exchange Commission (SEC), on Monday, sealed the premises of three companies for allegedly engaging in illegal investment activities. The affected companies are Oxford International Group, Farmforte Agro-Allied Solutions Limited/Agropartnerships and Vektr Capital Investment. The apex capital market regulator accused the companies of carrying out capital market activities …

Read More »

Pan African Women Empowerment Network (PAWEN) opens applications to its Aspiring Entrepreneurs Program (AEP) for female African entrepreneurs.

Pan African Women Empowerment Network (PAWEN), a tech-driven not-for-profit organization with a focus on leadership and economic empowerment of African women has called for applications to its 2022 cohort of the Aspiring Entrepreneurs Program (AEP). The Aspiring Entrepreneurs Program is a FREE and INTENSIVE virtual program that equips aspiring female …

Read More »

FG suspends Aiteo’s operation over oil spill in Bayelsa.

The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in affected oilfield spewing oil in Bayelsa State pending investigation. Saghir El-Mohammed, press director, ministry of environment, said this in a statement on Tuesday. “The federal government has directed the exploration company, Aiteo Eastern Exploration …

Read More »

Honeywell Group Agrees N80bn Deal with Flour Mills of Nigeria.

The Honeywell Group Limited has announced an agreement for the proposed combination of Honeywell Flour Mills (HFMP) and Flour Mills of Nigeria (FMN) for a total enterprise value of N80 billion. According to a statement, through the transaction, the Honeywell Group would dispose of its 71.69 per cent stake in …

Read More »

Rising Gas Prices, Crisis in the making, By Dakuku Peterside.

Nigerians are facing hydra-headed challenges on all fronts: debilitating insecurity, extreme poverty, hyperinflation, high cost of food and essential consumables, diminishing trust in government and its institutions at all levels, and worse, there is no clarity on the way forward. Everyday quality of existence for the average Nigerian is depreciating, …

Read More »

Ecobank opens new head office in Lagos on Friday

Ecobank Nigeria has concluded arrangement to commission its new head office building, the Ecobank Pan-African Centre (“EPAC”). The ultra-modern edifice situated along Ozumba Mbadiwe Road on the highbrow Victoria Island, Lagos will be commissioned by the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu, alongside other dignitaries, including the Governor …

Read More »