Pioneer Managing Director of Access Bank, Aig-Imoukhede, returns as Chairman

The pioneer Managing Director of the Access Bank Group, Aigboje Aig-Imoukhede, has been appointed as the chairman of Access Holdings. According to a statement from the financial institution filed with the Nigerian Exchange Limited on Wednesday, Aig- Imoukhuede will replace Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo, who remains on the Board as an Independent Non-Executive Director. Aig-Imoukhede returns to the group 10 years after he left following the death of his friend and co-founder, Herbert Wigwe, earlier in February. Wigwe, alongside his wife, Doreen, and son, Chizzy died in a helicopter crash in California near the Nevada

FG detains two Binance executives in Abuja, demands list of Nigerians on global crypto platform

    By: Ade Phillips   The Federal Government has allegedly detained two senior executives of Binance, a cryptocurrency trading platform, on Monday night in Abuja as part of investigations into the company's operations in Nigeria.   According to the Financial Times on Wednesday, the executives arrived in Nigeria but had their passports confiscated by the Office of the National Security Adviser.   Reports indicate that the executives traveled to Nigeria following the country's recent crackdown on several cryptocurrency trading platforms.   While the reasons for their detention remain unclear, their arrest coincides with allegations of manipulation in foreign exchange

By |February 29th, 2024|Categories: Business|0 Comments

Nigeria’s Export Market Should be Developed to attract Foreigners,’ Makinde

  By Miracle Ogunde The Oyo State Governor, Engr. Seyi Makinde has called on Nigerians to develop the country’s export market and attract foreigners in order to tackle current economic challenges. Governor Makinde made the call at the official opening of Oyo State International Trade Fair, tagged EXPOYO 2024, held at the international trade fair complex, Samonda Ibadan. The governor said to that it is now time to look at opportunities, because opportunities are always lurking in the corner when there are challenges The governor declared that all hands must be on deck to repair the economy rather than trade

By |February 27th, 2024|Categories: Business|0 Comments

How Subsidy Removal, Rise in Dollar Affect our Services — NARTO

    By Miracle Ogunde   The Association of Road Transport Owners, NARTO has said that the removal of fuel subsidy by the federal government and the rise in the cost of dollar are having negative effects on their services.   NARTO President, Yusuf Lawal, who stated this on Friday, said the union called off its industrial action following the intervention of the Federal Government.   He noted that the union is offering its services at a loss due to the cost of subsidy removal and the rise in the cost of the dollar.   Represented by the Union’s Coordinator

By |February 23rd, 2024|Categories: Business|0 Comments

Suspend ban on alcoholic drinks in sachets, pet bottles – Reps tells NAFDAC

    The House of Representatives Committee on the National Agency on Food, Drugs Administration, and Control (NAFDAC) has ordered the suspension of the ban on the sale of spirits and alcoholic drinks in sachets and pet bottles.   The suspension is pending the outcome of its investigation on the matter.   Rep. Regina Akume, chairman, House Committee on NAFDAC, said this in Abuja after a public hearing on the ban of the product on Friday.   She said there were proper steps to take before the ban, adding that there was a need to put access control procedures in

By |February 23rd, 2024|Categories: Business|0 Comments

Why we will block some customers’ accounts by March 1, 2024 — GTB

By Miracle Ogunde One of Nigeria's leading banks, Guaranty Trust Bank, popularly known as GTbank, has issued an important notice to all customers mandating them to link both their Bank Verification Number (BVN) and National Identity Number (NIN) to their GTBank Accounts. The notice was obtained by Starnews NG on Thursday through an email sent by the bank to all their customers The notice reads: “Dear Valued Customer, “We would like to bring to your attention the mandatory requirement to link both your Bank Verification Number (BVN) and National Identity Number (NIN) to your GTBank Account. “This must be completed

Abuja store sealed for ‘Misleading Pricing’ Now Reopened by Fg

The Federal Competition and Consumer Protection Commission has reopened a popular Abuja supermarket, Sahad Stores, after its temporary closure.   The commission had, on Friday, February 16, sealed the stores for a lack of transparency in the way it was fixing prices for products.   The commission stated that while the store displays lower prices on shelves, it charges higher prices at checkout.   It said the behaviour had been leaving customers with no option but to pay for items at higher prices – an act which the FCCPC labelled as “violations involving misleading pricing and lack of transparency.”  

By |February 17th, 2024|Categories: Business|0 Comments

FG to meet Dangote, BUA over rising cost of cement

David Umahi, minister of works, has called for a meeting with cement manufacturers over the rising cost of the product.   The price of cement has been oscillating between N8,000 and N10,000 per bag from about N4,000 a few weeks ago.   Dangote, BUA, and Lafarge are some of the cement manufacturers summoned by the works ministry.   Orji Uchenna Orji, media aide to the minister, said: “Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers, the Honourable Minister of Works, His Excellency Sen Engr Nweze David Umahi CON, has summoned

By |February 17th, 2024|Categories: Business|0 Comments

Importers raises alarm over steady increase in Customs duties

  The Automobile Manufacturers and Importers Association in Nnewi, Anambra State, has raised concerns over what it describes as the Federal Government’s continuous increase in customs duties. The president of the association, Austin Jideofor, expressed dismay over the government’s directive to customs to escalate duties on a monthly basis, leading to hardship for the final consumers. Jideofor highlighted that the relentless rise in customs duties has adverse effects on the Nigerian masses, resulting in increased prices of commodities such as rice, cement, building materials, spare parts, generators, and more. He revealed that container duties were increased twice in January alone,

By |February 15th, 2024|Categories: Business|0 Comments

Business Mogul, Aloro John celebrates Kingsley Kuku on his Birthday

      A business mogul, Aloro John has described the former Special Adviser on Niger Delta as an achiever, an accomplished individual whose impact in the sociopolitical landscape of Niger Delta has left an indelible imprint in the lives of many.   Aloro who described the environmental activist as a man of the people, whose contribution to the betterment of the people remains his most selling point.   As a successful politician, he was closer to the people, assisting the vulnerable and the less privileged. He was a giver-in-general who continues to show his appreciation to the people for

By |February 14th, 2024|Categories: Business, News|0 Comments
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