11
JanPresident Buhari appoints new Board for NDIC
President Buhari has approved the reconstitution of the Board of the Nigeria Deposit Insurance Corporation (NDIC). He has also approved the appointment of some new members and reappointment of some existing members to the Board. The board has five members whose membership is by virtue of institutional or Office representation […]
11
JanGT Bank reaches settlement with UK Financial Conduct Authority
Guaranty Trust Bank United Kingdom Limited has reached a settlement with the UK Financial Conduct Authority, accepting findings in relation to historical anti-money laundering controls in its operations between October 2014 and July 2019. The Bank has agreed a penalty sum of £7.67 million, which has been calculated by reference to[…]
11
JanStock market dips by 0.48% as Airtel Africa, others shed weight
The stock market on Tuesday closed on a bearish note, occasioned by profit taking in Airtel Africa and 15 other stocks. The All Share Index dipped by 0.48% to close at 51,446.60 points from the previous close of 51,693.08 points. The Market Capitalisation closed at N28.022 trillion, down by 0.48%[…]
09
JanAirtel Africa announces acquisition of 5G spectrum
Airtel Africa Plc has announced that its Nigerian subsidiary, Airtel Networks Limited, has purchased 100 MHz of spectrum in the 3500MHz band and 2x5MHz of 2600MHz from the Nigerian Communications Commission (NCC) for a gross consideration of $316.7m, payable in local currency. This additional spectrum will support our investments in[…]
