EKO HOT BLOG reports that the House of Representatives Committee on Financial Crimes is preparing to enforce its constitutional powers against Binance Holdings Limited after the company failed to attend a public hearing. The hearing aimed to address allegations of terrorism financing, money laundering, tax evasion, and other illicit activities against the digital assets exchange operator … Read more
Professor Mohammed Sani Haruna, the Executive Vice Chairman/Chief Executive of NASENI, has been sacked by President Muhammadu Buhari. This is because Haruna had completed two tenures of five years each in the organization. Haruna was directed to immediately hand over his office to the next most senior officer in the establishment. EKO HOT BLOG reports … Read more
Nokia’s chief executive officer Rajeev Suri will leave the telecom equipment provider in September and be replaced by the current head of Finnish energy group Fortum, Nokia announced on Monday. Pekka Lundmark will take over on September 1, Nokia said. Suri, who has been Nokia’s president and CEO since April 2014, had “indicated earlier to … Read more
Metro Bank (MTRO.L) swung to a huge loss last year as it battled a loan miscalculation fiasco that upended the business. Metro Bank said on Wednesday it made a loss of £130.8m ($170m) last year, compared with a profit of £40.6m in 2018. The bank blamed a £88m write-down of assets, including millions of costs … Read more