Anil Ambani, chairman of the Reliance-Anil Dhirubhai Ambani Group, faces a five-year ban from the securities market imposed by Sebi over fund diversion allegations involving Reliance Home Finance Ltd. This ban also includes a hefty fine and restrictions on holding directorial roles. Sebi's investigation claims Ambani orchestrated a complex loan disbursement scheme, and now Ambani is exploring legal avenues for appeal.

The National Housing Corporation (NHC) has opened up 105 job vacancies for artisans, drivers, and managers. Applicants must be Kenyan citizens with relevant qualifications and experience. The NHC seeks to fill these positions to enhance its capacity to provide affordable housing. Applications are open until February 24, 2023, via their website or by post.

A fire incident struck Dangote Refinery in Lagos' Lekki free trade zone. The cause remains unknown, but company spokesperson Anthony Chiejina confirmed it was a minor fire at the effluent treatment plant. Fortunately, no injuries were reported, and the 650,000 barrels per day refinery has resumed normal operations.