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How Tingo, Backed by Powerful Elites Confidently Scams Nigeria (Part 1)

In an investigation spanning about 6-months, MoneyCentral pieced together the story of how Tingo Group Inc, came to be the multi-billion-dollar scam it is...

Otedola Sends Wake-up Call to Sleepy Nigeria Boardrooms

…with page out of Carl Icahn's playbook ...Transcorp investors seek meeting with Board over performance BALA AUGIE Billionaire investor Femi Otedola is shaping up to be the Carl...

MTN Nigeria 2023 Data Revenue to Surpass Voice in Seismic Shift

MTN Nigeria will be propelled by data usage by its consumers in 2023, rather than voice for the first time since its launch some...

Dangote Pays Back 70% of Loans Used to Construct Refinery

The Dangote Group has paid back about 70% of the loans it took to construct its mega 650,000 bpd Refinery in Lagos. This was disclosed...

GTCO Outperforms Peers With Highest Return on Equity

Guaranty Trust Holding Company (GTCO) Plc regained the top spot in the banking industry as the lender has the highest return on equity, turning...

Nestle, BUA Foods, Cadbury, Generates Highest Returns Among Consumer Goods Firms  

Nestle Nigeria Plc, BUA Foods Plc, and Cadbury Nigeria Plc, are able to compound machines and continually reinvest their earnings back into the business...

Otedola Sets Record Straight on Relationship With Elumelu, Transcorp Investment Saga

...as Transcorp shares collapse after his exit In a series of posts in his social media handles, Billionaire investor Femi Otedola has told his side...

Nigerian Firms Slumping Profit Margins Means Jobs Are at Risk

There is not going to be much breathing room for Nigerian firms as their profit margins are contracting, raising concerns entities might opt to...

Saudi Arabia Eyes Stake in Nigeria’s Dangote Refinery

...official commissioning scheduled for May ..as greenfield refinery ramp-up pushed back to Q4, 2023  Oil giant Saudi Arabia is in advanced talks to acquire a stake...

Union Bank N1.495trn Judgement Debt Presents Major Risk to Operations

Union Bank of Nigeria in its ordinary course of business is involved in a number of litigation related contingent liabilities amounting to N1.497 trillion...

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