A Federal High Court in Abuja has been urged to restrain the Central Bank of Nigeria (CBN) from further implementing its reintroduced N65 on cash withdrawal from others’ banks’ ATMs. The new CBN Governor, Godwin Emefiele had on August 13 announced that a customer, who makes cash withdrawals from the […]

Afren Plc (AFR), a U.K. oil and gas explorer, fired Chief Executive Officer Osman Shahenshah and Chief Operating Officer Shahid Ullah for “gross misconduct” following an investigation into unauthorized payments. Afren, operating in Nigeria and Kurdistan, has begun legal action to recover the missing funds, it said in a statement […]

Africa’s richest man, Aliko Dangote has instituted legal action against Zambia’s Labour Minister, Fackson Shamenda, claiming $17, 728 damages over alleged defamation of character. According to the processes in the suit filed at the country’s High Court, Dangote, through one of his companies, Dangote Industries Zambia, is seeking an order […]