May 08
Nigeria: Binance CEO's Bribery Allegation - House of Reps Deny Ever Meeting
The CEO of Binance, Richard Teng, claimed on Tuesday that the House Committee on Financial Crimes demanded bribe from the representatives of the firm during a meeting at the… Read more »
Nigeria: CAC Directs POS Operators to Register Businesses
The action is supported by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, as well as the 2013 CBN guidelines on agent banking Read more »
April 29
Nigeria: Zenith Bank Shareholders Approve Holdco Structure
In his remarks during the EGM, the Founder and Chairman of Zenith Bank Plc, Jim Ovia, thanked the shareholders for their unwavering commitment, which has been instrumental in the… Read more »
April 23
Nigeria: Again, Dangote Refinery Announces Reduction in Price of Diesel, Aviation Fuel
This development comes a week after the company announced a reduction in the price of diesel from N1,200 to N1,000 per litre Read more »
April 19
Nigeria: Nestle Reacts to Allegation of Adding Sugar to Infant Formulas in Nigeria
The reaction is contained in a statement issued on Thursday and shared with PREMIUM TIMES by the company's Head of Corporate Communications, Victoria Uwadoka. Read more »
Nigeria: Dangote's Bid to Merge Sugar, Salt, Rice Businesses Hits Brick Wall
The suspension "centred around the current non-operational status of Dangote Rice Limited" by the Securities and Exchange Commission (SEC), Nascon Allied Industries said. Read more »
April 17
Nigeria: Nigerian Breweries to Shut Down Two Plants
Job cuts are a strong possibility among the "operational efficiency measures" to be adopted by the company in the days ahead Read more »
April 13
Nigeria: Ikeja Electric Announces Additional Band a Feeders
The company said the additional feeder brings its total from 51 to 85 Read more »
April 07
Nigeria: Exclusive - How Multichoice Nigeria Was Defrauded of N7.9 Billion
According to Mr Giwa, he acted on Multichoice Nigeria's behalf in arranging with JNFX, under 10 Multichoice contracts, for the exchange of Naira into dollars. Read more »
April 04
Nigeria: Failure to Arraign Binance Officials in Tax Evasion, Money Laundering Cases
Binance and its two officials - Tigran Gambaryan and Nadeem Anjarwalla - were scheduled to be arraigned before the Federal High Court in Abuja on five counts of money laundering… Read more »
March 25
Nigeria: Govt Files Tax Evasion Charges Against Binance
The federal government of Nigeria on Monday initiated criminal proceedings against Binance, a leading cryptocurrency exchange platform. Read more »
Nigeria: Exclusive - Binance Speaks On Escape of Executive From Nigerian Custody
Mr Anjarwalla escaped a day after the Nigerian government slammed a four-count criminal charge on him, Tigran Gambaryan and Binance. Read more »
March 22
Nigeria: Exclusive - Why British Investor's Bid to Buy Pz Cussons Nigeria Fell Apart
PZ Cussons (Holdings) UK set out on 4 September 2023 to purchase other stockholders' shares numbering 1.06 billion at N21 per unit. Read more »
March 19
Nigeria: Dangote Begins Distribution of N13 Billion Rice to Vulnerable Nigerians
The Aliko Dangote Foundation is also distributing meals to at least 10,000 Muslims observing the Ramadan fast in Kano State. Read more »
Nigeria: Nigeria's Natep Signs MOU With Lab Four to Create 50,000 Jobs
Industry Minister, Doris Uzoka-Anite, says the pact between NATEP is planned to ultimately yield one million jobs. Read more »
March 13
Nigeria: Cement Price - Nigerian Lawmakers Summon Dangote, BUA, Others
The manufacturers are to appear before the entire House to brief the lawmakers on the 'arbitrary increase in cement price." Read more »
March 01
Nigeria: Govt Hands Binance $10 Billion Fine
The Nigerian government's retribution claim is coming months after Binance pleaded guilty and agreed to pay $4.3 billion to settle criminal money laundering charges levied by the… Read more »
February 27
Nigeria: FBN Holdings Becomes Nigeria's Biggest Lender By Market Value
The total number of the company's shares traded on Monday alone was 197 per cent higher than the average daily traded volume in the last 13 days, by PREMIUM TIMES' calculation. Read more »
February 15
Nigeria: Dangote Refinery to Export First Fuel Cargoes
The refinery has issued tenders to sell two fuel cargoes for export, a report said. Read more »
February 10
Nigeria: TotalEnergies to Exit Nigerian Onshore Oil Business
The firm said it wants to divest its share of Shell Petroleum Development Company of Nigeria Limited (SPDC) Read more »
January 22
Nigeria: Otedola Announces 'Significant Acquisition' of Shares in Dangote Cement
Mr Otedola emphasises long-term wealth preservation, export potential and shareholder value in Dangote Cement share acquisition Read more »
January 11
Nigeria: Minister Speaks On Disconnection of Ajaokuta Steel Company
"As we speak, Ajaokuta has been disconnected by TCN and N30 billion is at stake," Mr Audu said. Read more »
January 09
Nigeria: Kaduna Electric Gets New CEO
In his address to the executive management committee members and staff, Mr Hashidu urged every staff member to look in the mirror and challenge themselves to do better. Read more »
December 08, 2023
Nigeria: Timeline - P&G's Troubled Operations in Nigeria
The company's chief financial officer (CFO), Andre Schulten, said it is pretty difficult for his company, as a U.S. dollar-denominated business, to create value in the country. Read more »
December 06, 2023
Nigeria: P&G to End Manufacturing Operations in Nigeria
P&G could incur charges anywhere between $1 billion and $1.5 billion after-tax from restructuring its operations in Nigeria and Argentina. Read more »