Good morning, here are the latest top business news headlines for today Wednesday, October 2021.
About N157bn Lost To Pension Fund Fraud – EFCC
The Economic and Financial Crimes Commission (EFCC) on Tuesday said its investigations revealed pension fund fraud worth N157 billion.
The Director of Operations at EFCC, Adulkarim Chukkol, said…Read more
Mark Zuckerberg Loses $7 Billion Amid Global Outage
Mark Zuckerberg is one of the world’s richest man and also happens to own 3 of the most used social media platform; Facebook, Instagram and WhatsApp.
During one of the biggest global outage this year that occurred on…Read more
Airtel Nigeria Initiates N61.24bn Shares Buyback
Airtel Nigeria has initiated a process to buy back 8.27 per cent minority shareholding at N55.81 per share.
The Group Company Secretary, Simon O’Hara, Airtel Africa, made this…Read more
News Of My Resignation Is Fake – Okonjo-Iweala
The Director General, World Trade Organistation (WTO), Dr. Ngozi Okonjo-Iweala, says news being circulated that she is considering resigning from her position is fake news.
Okonjo-Iweala made the clarification yesterday, during a virtual media…Read more
NNPC Imported 100% Of PMS Distributed In August – PPPRA
A statement by the Petroleum Products Pricing Regulatory Agency (PPPRA) revealed that 100 percent of the Petroleum Motor Spirit (PMS) distributed nationally in the month of August was imported by the Nigerian National Petroleum Corporation (NNPC).
The statement, issued by the PPPRA’s General Manager, Corporate Services…Read more
N69bn Debt: Court To Hear AMCON’s Suit Against Jimoh Ibrahim
A Federal High Court, Abuja on Monday fixed Jan. 24, 2022 for a suit filed by the Asset Management Corporation of Nigeria (AMCON), seeking a stay of execution of orders it granted the businessman, Jimoh Ibrahim, over alleged N69 billion debt.
Justice Okon Abang fixed the date, following AMCON’s appeal filed…Read more
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