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Data breach: FG slams N400m fine on four banks, others

The Nigeria Data Protection Commission has said more than 1000 financial institutions, schools, insurance companies, and consultancy firms are undergoing investigations for various degrees of breaches of citizens’ data. This was as the commission’s National Commissioner, Vincent Olatunji, disclosed that four major banks and three other institutions faced sanctions and incurred fines totalling N400m for…

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Diageo has sold off a major portion of its shares in Guinness Nigeria to Tolaram

Updating the Nigerian Exchange Group of recent development within the bank, Diageo’s Company’s Secretary, Abidemi Ademola, said the terms of an agreement for the acquisition of the shares by Tolaram was signed today, June 11, 2024. “Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria, and enter into long-term license and royalty agreements for the…

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Ecobank Group Appoints Papa Madiaw Ndiaye as ETI’s new Chairman

Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, today held its 36th Annual General Meeting in Lomé, Togo, which was followed by an Extraordinary General Meeting. Shareholders applauded the group’s strong performance in 2023, with its net revenues exceeding the US$2 billion mark for the first time in nearly 10 years.They also…

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Ibom Air Celebrates Its Fifth Anniversary and Shares Future Plans

Ibom Air, Nigeria’s leading airline, proudly celebrates its 5th anniversary today, marking a significant milestone on its journey to provide reliable, exceptional air travel services in Africa. Since its inception, Ibom Air has been committed to offering world-class schedule reliability, on-time departures and excellent service, earning the confidence and loyalty of passengers across the region….

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