The Economic and Financial Crimes Commission (EFCC) has arrested a Cameroonian businessman, Bekono Eric, over an alleged N1.5 billion fraud involving a first-generation bank in Lagos. The anti-graft agency said in a statement on Friday that Mr Eric, 47, was arrested on Thursday in the Ikorodu area of Lagos over his alleged involvement in a…
Bishop Dr. Daniel Jack is a dynamic and transformative leader whose influence spans philanthropy, entrepreneurship, healthcare, and spiritual leadership. Renowned for his visionary mindset and unwavering commitment to service, he continues to inspire individuals and communities across the globe. With a strong foundation in healthcare, Bishop Dr. Daniel Jack is a respected professional dedicated to improving…
On the heels of Nvidia’s $100 billion investment in OpenAI, two Wall Street research notes out today suggest that the current boom in AI may be unsustainable. “AI machines—in quite a literal sense—appear to be saving the US economy right now,” George Saravelos of Deutsche Bank told clients in a research note. “In the absence…
By Emma Ujah, Abuja Bureau Chief The Joint Tax Board (JTB) has said that Nigerians without Tax Identification (Tax ID) can continue to operate bank accounts beyond January 1, 2026. The four new Tax Acts recently signed by President Bola Tinubu will come into effect from January 1, 2026. The JTB in a statement, yesterday, in…
This week, Kenvue, the consumer health spin-off from Johnson & Johnson, found itself at the epicenter of a market tempest this week. It began when The Wall Street Journal reported Robert F. Kennedy Jr., a longtime promoter of scientifically baseless causes for autism, planned to link Tylenol use during pregnancy to the condition. A stock…
The Central Bank Governor, Olayemi Cardoso, has reaffirmed the bank’s commitment to achieving macroeconomic stability, strengthening the banking sector, and positioning Nigeria as a leading investment destination. Cardoso, who gave the assurance at a fireside chat moderated by Andreas Voss, Chief Country Representative of Deutsche Bank Nigeria, in Lagos on September 6, 2025, said the…
This post may contain affiliate links that at no additional cost to you, we may earn a small commission. Read the Disclosure Policy for more information. Last Updated on September 4, 2025 by Katie Fall is a perfect time to start looking for extra ways to make money. As more people search for flexible side hustles,…
By Peter Egwuatu Access Holdings Plc has announced the resignation of Mr. Roosevelt Ogbonna, a Non-Executive Director, from its Board of Directors.Ogbonna stepped down from the board after three and a half years of service.The announcement was made in a disclosure filed on the Nigerian Exchange, NGX and signed by the Company Secretary, Sunday Ekwochi.In…
South African opposition leader, Julius Malema, has cautioned the continent against loans from Brentwood organisations and others, warning that such moves can undermine Africa. Malema spoke on Sunday in Enugu as a keynote speaker during the opening ceremony of the Nigeria Bar Association (NBA) Annual General Conference. According to the outspoken South African, such…
Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank…
