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Seplat Energy Rebuts Allegations against CEO, Board

Seplat Energy Plc has rebutted allegations against its Chief Executive Officer, Mr. Roger Brown and the Board of Directors of the company. Seplat in a statement rebutted the allegation that its CEO, on resumption of office in 2020, embarked on a forced resignation…
20/03/2023

MTN to Merge Two Finance Subsidiaries

Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was revealed in its proposed resolutions for its 2023 Annual General Meeting scheduled to hold in April. The company…
17/03/2023

CAC Boss Frowns At Multiple Registration Applications By Associations

The Corporate Affairs Commission (CAC), has expressed concern over the number of associations applying to register as medical laboratory science operators. The registrar-general of CAC, Alhaji Garba Abubakar, in a statement said this when he received the registrar/chief executive officer (CEO) Medical Laboratory…
13/03/2023

Visa Revocation: Seplat CEO Quits, COO Takes Over

The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from office following the order of a Federal High Court in Lagos. The court restrained Brown from parading himself as the firm’s CEO pending the determination of a suit filed…
11/03/2023

MTN Nigeria Raises N125bn via Commercial Papers

MTN Nigeria has raised N125bn through issuance of commercial papers to boost its short-term working capital and funding requirements. In a notice to the Nigerian Exchange Limited on Monday, the company said that it had completed the Series 4 & 5 Commercial Paper…
08/03/2023

Flutterwave Denies Losing N2.9bn to Hackers

African fintech unicorn Flutterwave has denied losing the sum of  ₦2,949,557,867 to hackers. It was earlier reported on Sunday that hackers stole the sum of ₦2,949,557,867, from the accounts of the company and over 300 customers were affected by the fraudulent act. Meanwhile, the…
06/03/2023

Rising Inflation Worsening Poverty, LCCI Warns FG

The Lagos Chamber of Commerce and Industry has warned that the sustained rise in the general price level in recent times has caused some weakening in purchasing power. The chamber, in a statement signed by its Director-General, Chinyere Almona, said the rising inflation…
20/02/2023
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