Microfinance operators who had their operating licenses revoked by the Central Bank of Nigeria (CBN) have condemned the action, saying such moves would kill the economy.

Attempt by Zumax Nigeria Limited to portray FinBank Plc and its current management as fraudulent is unfounded as the issue in question is a subject of litigation; some of which were instituted at the instance of the bank.

By Abdulwahab Abdulah

Justice Ayotunde Philips of the Lagos High Court, Igbosere , on Tuesday directed  parties before it on the suit filed by the former Director General of the Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyiuke to regularize all their processes filed before the court.

Prof. Onyiuke had filed a fundamental rights before the [...]

Shareholders of Benue Cement Plc (BCC) on Tuesday endorsed the proposed merger with Dangote Cement Plc (DCP) to form a larger cement entity that would yield many benefits to them.

The Cement Manufacturers Association of Nigeria (CMAN) has raised alarm over the high inventory of clinker, which is semi processed cement, wasting away in their factories due to falling demand for the product. Clinker is the solid material produced by the cement kiln stage that has sintered into lumps or nodules.

The Special Adviser to the Lagos State Governor on Taxation and Revenue, Mr Ade Ipaye, Tuesday, challenged claims by the report on multiple taxation presented by Michael Ogundele & Co, a consultant to Manufacturers Association of Nigeria (MAN) and Center for International Private Enterprise (CIPE), noting that the report is not based on the right parameters.