N69.4bn debt: AMCON freezes Jimoh Ibrahim’s bank accounts, seizes properties - newsheadline247.com
Business Featured News

N69.4 billion Debt: Jimoh Ibrahim fights back, seeks reversal of seized assets

BUSINESS Ibrahim and others described the move by AMCON leading to the seizure order as an abuse of court processes. The Federal High Court sitting in Lagos has fixed Tuesday to hear an application by billionaire businessman, Jimoh Ibrahim, seeking to quash an interim order which authorised the Asset Management Corporation of Nigeria (AMCON) to Read more

Weak naira goes at N450 to a dollar - newsheadline247.com
Business

Weak Naira slumps to record N500 per $1 at black market

BUSINESS The Nigerian naira continued its consistent depreciation and crashed to an over 3-year low against the dollar, closing at N500 per $1 at the parallel market on Monday. Newsheadline247 understands the Forex turnover dropped by 52.2%, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N390.25/$1 during intra-day Read more

Business News

AfDB supports continental strategy on COVID-19 with US$27.33 million

AFRICA “It will help improve the capacity of National Public Health Institutes of Member States…” In response to a request by the Bureau of the African Union Heads of State and Government under the leadership of H.E. Cyril Ramaphosa, Chairperson of the African Union and President of South Africa, the African Development Bank (AfDB) has Read more

N45.95Bn Debt: AMCON freezes Sayyu Dantata’s MRS 21 Banks accounts - newsheadline247.com
Business Featured

N45.95Bn Debt: AMCON freezes Sayyu Dantata’s MRS’ 21 Banks accounts

BUSINESS AMCON also commenced bankruptcy proceedings against Sayyu Dantata , the Chairman of MRS Holding Limited… Sayyu Dantata, the founder of MRS Holdings Limited, maybe facing tough moments as the Asset Management Corporation of Nigeria (AMCON) got a Federal High court order to freeze all the 21 bank accounts of his oil firm. The Corporation Read more

Increase investment in Africa or risk missing the UN’s Sustainable Development Goals deadline, Standard Chartered new research reveals - newsheadline247.com
Africa Business

Increase investment in Africa or risk missing UN’s Sustainable Development Goals deadline, Standard Chartered new research reveals

BUSINESS Newsheadline247 understands Standard Chartered research shows that almost two thirds (64 per cent) of the panel’s AUM is invested in the developed markets of Europe and North America, while just 3 per cent is in Africa. Asia… A Standard Chartered survey conducted between July and August 2020, amongst a panel of the world’s top Read more

Man faces prosecution for theft of over N18m from First Bank ATM - newsheadline247.com
Business Featured

Man faces prosecution for allegedly stealing over N18m from First Bank ATM

The Benin Zonal Office of the Economic and Financial Crimes Commission (EFCC), on Wednesday, November 11, 2020, Philip Orumade, on a Nine counts charge bordering on stealing from Automated Teller Machine (ATM) belonging to First Bank of Nigeria before Justice Efe I. Ikponmwonba of the Edo State High Court, Benin City. Orumade was alleged to Read more

Ogun, leading light in ease of doing business - ECO Bank MD Akinwuntancommends Gateway State - newsheadline247.com
Business Featured

Ogun, leading light in ease of doing business – ECO Bank MD Akinwuntan commends Gateway State

The Managing Director of ECO BANK, Mr. Patrick Akinwuntan has revealed that Ogun State is one of the leading lights in the country where ease of doing business is concerned assuring that his financial institution would continue to support and partner the State in all ramifications. Mr. Akinwuntan who made this known at the Executive Read more