Business - Page 506

Over 23 Nigerian Companies Fined N295.45 million For Failing To Pay Employees’ Pension

The National Pension Commission (PENCOM) penalised 23 companies for failing to remit its employees pension contributions, as the regulator recovers N422.34 million from the defaulters in First Quarter (Q1) 2022. According to

Fakoyejo Olalekan

2 years ago

Business

First Bank Investors Lost N12.56 billion, As Femi Otedola Take Out N5.76 billion

First Bank of Nigeria (FBN) largest shareholder, Femi Otedola, has sold part of his N30 billion worth of investment in the company, a trading document released by the financial institution on Tuesday

Fakoyejo Olalekan

2 years ago

Business

Interswitch To Pay Employees’ Spouse Allowance, Children’s Education Fee

Spouses of Interswitch employees will now receive allowances from the African payment company, as the firm expands its payment structure beyond the workers. The move is meant to improve productivity in the

Fakoyejo Olalekan

2 years ago

Business

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urge the Central Bank of Nigeria (CBN) to partner with the group in order to end multiple exchange rates, as rise

Fakoyejo Olalekan

2 years ago

Business·Insights

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

The last three months has been a disappointing period for investment banker, Segun Agbaje, the Group Chief Executive Officer of Guaranty Trust Holding Company (GTCO), as his total investment in the financial

Fakoyejo Olalekan

2 years ago

AMA News·Business

SAP closes gap between sustainability and profitability with solutions for Africa

From Left_Tracy_Bolton_Dumisani Moyo _ Kwena Mabotja JOHANNESBURG South Africa, 7th June 2022 -/African Media Agency(AMA)/- On Friday 03 June, SAP introduced its Sustainability Solution Strategy for customers on the African continent at an

Prime Business Africa

2 years ago

Business

Airtel, MTN, 9mobile Are Biggest Losers, As Nigerians Leave Network For Rivals

In the last four months, Airtel, 9mobile and MTN Nigeria were the biggest losers in the telecommunications market, as over 15,000 network users left one telco to the other, using the porting

Fakoyejo Olalekan

2 years ago

Business·Finance & Economy

Afreximbank, Titan Trust Bank Sign $300 million Deal To Provide $3bn To Traders

Titan Trust Bank (TTB) obtained $300 million from African Export Import Bank (Afreximbank) to acquire Union Bank Nigeria. The financial backing will see Titan Trust leverage on the acquisition to provide capital

Fakoyejo Olalekan

2 years ago

Business

Nigeria Air Operation Delayed For Another Four Months, Reasons Revealed

Nigeria Air is set to receive the needed Air Transport Licence (ATL) from the Nigerian Civil Aviation Authority (NCAA), but the national carrier won’t start operation in the next four months. The

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Crude oil price opened trading on Monday at a loss, falling -0.72%, but it level is still a problem to the Nigerian government, which has been unable to profit from the 52%

Fakoyejo Olalekan

2 years ago

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Business - Page 506

Over 23 Nigerian Companies Fined N295.45 million For Failing To Pay Employees’ Pension

First Bank Investors Lost N12.56 billion, As Femi Otedola Take Out N5.76 billion

Interswitch To Pay Employees’ Spouse Allowance, Children’s Education Fee

BDC Operators Address Unstable Forex Rates, As Naira Hit N615 Per Dollar

How Segun Agbaje Lost N143.05 million in Three Months, Amid GTCO’s Poor Financial Performance

SAP closes gap between sustainability and profitability with solutions for Africa

Airtel, MTN, 9mobile Are Biggest Losers, As Nigerians Leave Network For Rivals

Afreximbank, Titan Trust Bank Sign $300 million Deal To Provide $3bn To Traders

Nigeria Air Operation Delayed For Another Four Months, Reasons Revealed

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

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