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Business

Home Business Page 13
Recapitalization: FCMB Group Receives Approval from Shareholders to Raise N400 billion
Posted inBusiness

Recapitalization: FCMB Group Receives Approval from Shareholders to Raise N400 billion

As banks rush to meet the Central Bank of Nigeria's (CBN) March 2026 recapitalization deadline, shareholders of FCMB Group Plc have authorized an increase in capital raising of up to…
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Posted by Taiwo Ayomide December 19, 2025
Access to Clean Energy Transformed Over One Million Lives: All On’s Report
Posted inBusiness

Access to Clean Energy Transformed Over One Million Lives: All On’s Report

One million Nigerians have benefited from All On's investment in clean and renewable energy, according to the top impact investment firm dedicated to increasing access to clean energy in Nigeria.…
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Posted by Taiwo Ayomide December 19, 2025
Otedola Purchases First HoldCo Shares for N14.82 billion
Posted inBusiness

Otedola Purchases First HoldCo Shares for N14.82 billion

First HoldCo Plc has disclosed that its Group Chairman, Mr. Olufemi Otedola, a major stakeholder, has acquired 369,986,122 units worth N14.82 billion to expand his ownership position in the business.…
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Posted by Taiwo Ayomide December 19, 2025
As assets reach N26 trillion, PenCom reclaims N4 billion from defaulters.
Posted inBusiness

As assets reach N26 trillion, PenCom reclaims N4 billion from defaulters.

According to the National Pension Commission (PenCom), between January and November 2025, it collected N4 billion in pensions from employers who were in arrears. Following the implementation of more stringent…
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Posted by Taiwo Ayomide December 19, 2025
Kebbi Will Build a Gold Refinery
Posted inBusiness

Kebbi Will Build a Gold Refinery

Plans to build a gold refinery in the state are under progress with foreign investors, according to the Kebbi State Government. Prior to the Kebbi Investment Summit in February 2026,…
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Posted by Taiwo Ayomide December 18, 2025
EFCC Investigates Foreign Currency Intercepted at MMIA for N2.2 billion
Posted inBusiness

EFCC Investigates Foreign Currency Intercepted at MMIA for N2.2 billion

Kavlak Onal, an Austrian national, is the subject of an investigation by the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, regarding the alleged non-declaration of foreign currencies…
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Posted by Taiwo Ayomide December 18, 2025
GIABA: Cash Transactions Supporting Money Laundering in West Africa
Posted inBusiness

GIABA: Cash Transactions Supporting Money Laundering in West Africa

The Economic Community of West African States (ECOWAS) specialized agency, the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA), has issued a warning that the region's excessive reliance…
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Posted by Taiwo Ayomide December 18, 2025
In just nine months, Nigeria’s crude oil exports reached N37.7 trillion.
Posted inBusiness

In just nine months, Nigeria’s crude oil exports reached N37.7 trillion.

According to the National Bureau of Statistics' (NBS) Q3 2025 Foreign Trade in Goods Statistics, Nigeria's crude oil exports reached N37.7 trillion in the first nine months of the year.…
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Posted by Taiwo Ayomide December 18, 2025
Air Peace’s Third Embraer 190 Enhances Festive Operations
Posted inBusiness

Air Peace’s Third Embraer 190 Enhances Festive Operations

As it is ready to handle increased passenger traffic during the holiday season and beyond, Air Peace Limited has received its third Embraer 190 aircraft, increasing its operational capacity. On…
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Posted by Taiwo Ayomide December 18, 2025
The Impact of New Tax Laws on Nigerians
Posted inBusiness

The Impact of New Tax Laws on Nigerians

The federal government has reiterated that the new tax rules will improve fiscal equality, safeguard taxpayers' rights, and provide a level playing field for everyone ahead of their implementation on…
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Posted by Taiwo Ayomide December 18, 2025

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