Business & Finance
Redesigned Naira : CBN to monitor compliance by commercial banks
The Central Bank of Nigeria (CBN) will monitoring commercial banks to ensure that they comply with the directive of loading the redesigned Naira
UK Fines GTBank £7.6m over Money Laundering Controls
United Kingdom (UK) watchdog, Financial Conduct Authority (FCA), has fined Guaranty Trust Bank (UK) Limited £7,671,800 for serious weaknesses
Royal Exchange Names Nwachukwu Chief Executive
Royal Exchange General Insurance Company Ltd. has announced the appointment of Mrs Ebelechukwu Nwachukwu, as the new Managing Director/Chief Executive Officer...
Jaiz Bank Names Sirajo Salisu MD as Hassan Retires
Jaiz Bank has appointed Dr Sirajo Salisu as its Managing Director/Chief Executive Officer, the Company Secretary, Mohammed Shehu, said in a statement in Lagos on Monday.
Nigerian Banks Market Valuations Soften Further
Nigerian banks’ market valuations have dropped significantly, and it appears few of the players have been spared in selloffs in the local bourse. Few gains were driven by small-cap banks in the tier-2 category.
Al Nassr FC deny reports Ronaldo offered incentive to support W/Cup...
Cristiano Ronaldo’s Al Nassr contract does not include any commitment to promote a 2030 World Cup bid, the Saudi Arabian club stated on Tuesday.
Troops neutralise 11 terrorists, recover weapons in Kaduna
The Defence Headquarters says the troops of Operation Whirl Punch in conjunction with Special Forces have neutralised 11 terrorists in an encounter in Kaduna.
Nigerian Bourse Sheds Weight in Q1
The equities segment of the Nigerian Exchange (NGX) shed weight in the first quarter amidst seesaw price movements in the local bourse. The market boomed before negative price movements drag the exchange lower.
GCR Downgrades Ardova Plc with Negative Outlook
Following a decision to finance its acquisition with borrowings, GCR Ratings has downgraded Ardova Plc.’s national scale long-term and short-term Issuer ratings to B-(NG) and B(NG) respectively, from A-(NG) and A2(NG) previously.
Chelsea sacked Graham Potter
Chelsea has sacked manager Graham Potter, the London-based football club said on Sunday after a string of poor results left the team 11th in the English Premier League (EPL).