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Business & Economy
How conflict of interests stall signing of $3.1b e-Customs project six years after
A conflict of interest by parties in the $3.1b e-customs project which aims at modernizing the operations of Nigeria Customs Service (NCS) has stalled the formal signing of the deal six years after it was conceptualised In 2016.
Ahead of…
How N450,000 loan disappeared from retiree’s Wema Bank account
Beatrice Adeyeye, a retired public worker from Ibadan Polytechnic in Oyo State, has expressed concerns about the disappearance of N450,000 from her Wema Bank account.
The money was a loan from a cooperative group, and the retiree planned…
Anambra state seal GTCo Bank branches over non-remittance of tax
The leadership of the Anambra Internally Generated Revenue Services led a team of enforcers to seal branches of the bank in the state.
Anambra State Government sealed off the premises of the Guaranty Trust Co. (GTCo) in the State for…
SEC awards over $13m to whistleblower
The Securities and Exchange Commission Friday announced an award of more than $13 million to a whistleblower whose information and assistance prompted the opening of an investigation and significantly contributed to the success of an SEC…
APM Terminals Apapa handles 8.1m TEUs in 15 years
Nigeria’s largest container terminal, APM Terminals Apapa handled a little above 8.1 million twenty-feet equivalent units (TEU) of containers in the past 15 years.
Terminal Manager of APM Terminals Apapa, Steen Knudsen, said container…
Mallam Nasiru, 6 others appointed general managers at NPA
...Ten also elevated to assistant general managers
Paul Ogbuokiri
The Nigerian Ports Authority (NPA) has announced the appointment of Mallam Ibrahim Nasiru as the General Manager Corporate and Strategic…
JUST IN: Titan Trust Bank acquires Union Bank
Titan Trust Bank Limited (TTB) has acquired major stakes in Union Bank of Nigeria Plc.
Somuyiwa Sonubi, Union Bank’s secretary, disclosed this in a statement posted on the Nigerian Exchange Limited (NGX) on Thursday.
The…
NIMASA renews stevedoring rates
In furtherance of its efforts to mitigate the effects of the COVID-19 pandemic, the Nigerian Maritime Administration and Safety Agency (NIMASA) has renewed the revised Offshore Cargo Handling and Operations Stevedoring rates contained in…
Sublease Dispute: Ecobank loses 3 appeals to stop Mekwunye, from representing late CJN Elias’…
Ecobank Nigeria has lost appeals in three different courts seeking to stop Dr. Charles Mekwunye, SAN, from representing the estate of former Chief Justice of Nigeria, Justice Taslim Elias in a sublease dispute between the bank and late…
First Bank unveils 2021: DecemberIssaVybe calendar, reinforces its commitment to enabling dreams
In the spirit of providing enabling opportunities for families of its customers and other stakeholders to come together to celebrate, live better and achieve their dreams, FirstBank – through its yearly DecemberIssaVybe campaign – has…