Economy

The Management and Board of First City Monument Bank (FCMB) Plc has named Yemisi Edun as acting Managing Director, subject to regulatory approvals which will be subsequently announced in the coming days. She is taking over...

The United States Government has directed banks to start accepting Africa’s first cryptocurrency, Zugacoin The directive contained in a letter issued by the U.S. Office of the Comptroller of the Currency (OCC) comes as the coin...

Nigeria’s oil and gas logistics giant, Intels Nigeria Limited, has said that its business has not been hindered by political influences from the present government. Intels had on Monday severed ties with its former shareholder, former...

The Nigerian Electricity Regulatory Commission (NERC) has denied increasing electricity tariff by 50 per cent. NERC’s Head of Public Affairs, Mr Micheal Faloseyi, in a statement in Abuja on Tuesday said: “The commission hereby state unequivocally...

The Federal Government has again increased the electricity tariff payable by power consumers across the country. This was contained in a revised Multi-Year Tariff Order (MYTO) signed by the new Chairman of Nigerian Electricity Regulatory Commission...

FCMB shares have recorded losses at the start of 2021 first trading day. According to data made available by the Nigerian Stock Exchange website, the bank’s shares lost 0.20k from the N3.33k it closed at on...