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Nigerian Banks Lost N42.6bn to Fraud in Three Months – FITC

NIGERIAN commercial banks lost a total of N42.6 billion to fraud and forgeries over the three months from April to June 2024. The Financial Institutions Training Centre (FITC) disclosed this in its Q2 2024 Fraud and Forgeries report, released on Saturday. The report, based on returns on fraud and forgery …

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NGX Closes Positive, Market Cap Gains N248bn

  THE Nigerian Exchange Ltd.(NGX) market capitalisation, on Friday, closed positive with N248 billion gain. Specifically, the market capitalisation added N248 billion or 0.44 per cent to its opening of N55.754 trillion to close at N56.002 trillion. The All-Share Index also gained 0.44 per cent or 432 points to close at 97,456.62 …

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Eid-ul-Mawlid: FG Declares Monday Public Holiday

THE Federal Government has declared next Monday as a public holiday to mark the celebration of the Eid-ul-Mawlid, the birth of the Holy Prophet Muhammad (Peace Be Upon Him). The Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government, congratulated Muslim Ummah both …

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Botswana’s Ex-president Khama Faces Court over Gun Charges

  FORMER Botswana president Ian Khama made his first court appearance on Friday after returning from three years in exile to face charges of illegal firearm possession and receiving stolen property. The court had previously issued two arrest warrants against Khama for failing to respond to the charges in April …

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Dangote Urges African Leaders to Drive Continental Transformation

AT the recent African Renaissance Retreat in Kigali, Rwanda, Aliko Dangote, President and CEO of the Pan-African conglomerate, Dangote Group, urged African business leaders to take charge of transforming the continent. Despite Africa’s challenges, Dangote emphasised that the continent’s vast natural resources and youthful population offer immense opportunities for growth …

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Atlantic Lithium Secures Permit For Ghana’s First Lithium Mine

  Atlantic Lithium has received an environmental permit from Ghana’s Environmental Protection Agency (EPA) for its Ewoyaa Lithium Project, a crucial step towards establishing Ghana’s first lithium mine. This approval follows the submission and thorough review of the company’s Environmental Impact Statement, which was refined through input from both the …

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