Business

US authorities have charged a Chinese property tycoon based in New York with orchestrating a billion-dollar fraud. Guo Wengui and one of his business partners, Kin Ming Je, are accused of wire fraud, securities fraud, bank fraud and money laundering. Mr Guo is a critic of the Chinese government and …

Cars queue outside a petrol station in Lagos, Nigeria, Wednesday, June. 22, 2022. (AP Photo/Sunday Alamba)/XSA105/22173671909225//2206222050 The Ghana National Petroleum Authority has announced removal of fuel subsidy in the country. The removal of the subsidy is part of the country’s implemented regulatory measures to ensure stability across its downstream sector. …

The Nigeria Labour Congress has suspended its ongoing industrial action in Imo State. The suspension of the strike was announced by a statement issued by the NLC National President, Joe Ajaero. The statement disclosed that the suspension of the strike was due to interventions made by “highly respected and well- …

Delta Government called on residents of the state to comply with the Central Bank of Nigeria CBN’s directive that the old N1,000, N500 and N200 notes remain legal tenders till December 31, 2023. The State Commissioner for Information, Mr. Charles Aniagwu made the call in a statement in Asaba wherein …

The Federal Airports Authority of Nigeria (FAAN) on Monday the runway at the Murtala Muhammed International Airport (MMIA) in Ikeja, Lagos State is being shut for eight weeks to carry out maintenance work. In a tweet on Monday, the Authority reiterated its commitment to safety, security and comfort – its …

The National Bar Association has condemned the stance of the Federal Government on its naira redesign policy. The association in the statement signed by its president, Yakubu Maikyau, is demanding compliance with the judgment of the Supreme Court in suit no: SC/CV/162/2023 delivered on March 3. The NBA disclosed that …

The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele has debunked news on him launching fresh plot on the President-elect, Mr.Bola Ahmed Tinubu. He attributed such a news story as fake. The Governor disclosed this today in a statement signed by the Acting Director Corporate Communications, CBN, …

Governor Biodun Oyebanji of Ekiti has said the government would arrest and prosecute traders and service providers who reject the old N500 and N1,000 denominations. In a statement issued by his Special Adviser on Media, Mr Yinka Olubode and made available to newsmen on Saturday in Ado-Ekiti, Oyebanji appealed to …

Justice Modupe Oso-Adebiyi of the Federal Capital Territory High Court, Gudu, Abuja, has ordered sureties to James Nolan to produce him before the court in September 2023, or risk forfeiting their bonds to the Federal Government. Nolan, an Irish and a Director in the Process and Industrial Development Limited, P&ID, …

The African Development Bank has issued a two billion dollar five-year Global Benchmark bond due March 14, 2028. The continental bank revealed this in a statement on Thursday, describing the bond as its first of the year. The bond was issued on March 7, 2023. AfDB said that the bond …