Business

Iraq Bans 8 Local Banks From Carrying Out US Dollar Transactions

This was done in a bid to reduce fraud and money laundering.

8 months ago

Samsung Chief Lee Found Not Guilty Of 2015 Merger Case Charges

The sentence keeps Lee, who was found guilty in 2017 of bribing a friend of former President Park Geun-hye, out…

8 months ago

Cardoso: $2.4bn of $7bn FX Claims Not Valid, $2.3bn Settled, $2.2bn Outstanding

He said he was confident outstanding FX liabilities would be addressed shortly.

8 months ago

In China, Lagos Governor Sanwo-Olu Charges CCECC to Start 4th Mainland Bridge Project in March 

"We want to do that project like yesterday. We have assured Lagosians that this administration is going to do it."

8 months ago

S&P Global Affirms Nigeria’s Credit Outlook Remains Stable at ‘B-/B’

But the rating agency said government tax revenue collection as a percentage of GDP remains very low.

8 months ago

Shell, NNPC, Others Take FID on 10-Year Gas Supply to Dangote Fertiliser Plant

SPDC MD Okunbor said the FID is a significant step in supporting the Nigerian government’s ‘Decade of Gas’ ambition.

8 months ago

NCAA Condemns Incessant Flight Disruptions, Directs Airlines To Rejig Schedules to Match Number of Aircraft 

E"NCAA will ensure that airlines fulfil their obligations to passengers or face sanctions."

8 months ago

Nigeria May Have Exceeded Renegotiated 1.5 Million Bpd OPEC Oil Output In January, Report Says 

It is a development expected to be well received by the country, which has struggled for up to four years…

8 months ago

N12m Lawsuit: Indorama Denies Abandoning Injured Contract Worker

Jossy Nkwocha described the allegations as false and contrary to the true position of the matter.

8 months ago

CBN Debunks Reports Alleging It Plans to Convert Domiciliary Account Holdings into Naira

“The CBN would never do anything that would undermine the currency and economy.”

8 months ago