Business

  FBN Holdings grew its gross earnings by 113 per cent to N3.33tn in the 2024 financial year. This was indicated in the group’s unaudited financial statement published on Thursday via the platform of the Nigerian Exchange Limited. FBN Holdings ...

  The Federal Government, through the Nigeria Civil Aviation Authority, has announced the suspension of operations by Max Air following Tuesday night’s incident involving the airline’s aircraft in Kano. It also announced on Wednesday that it had commenced organisational risk ...

  NESG Appoints Wole Adeniyi, Mohamad Darwish, and Olusegun Alebiosu as Board Members   The Nigerian Economic Summit Group (NESG) has announced the appointment of three leaders, Mr Wole Adeniyi, Mr Mohamad Darwish, and Mr Olusegun Alebiosu, to its board ...

  The Oyo State governor, Seyi Makinde, has stated that his administration has done a number of things to create an enabling environment for technology-oriented companies and others to thrive in the state. Makinde stated this at the weekend while ...

  •Imported PMS landing cost now cheaper than Dangote’s price as dealers import 76.84m litres in two days Oil marketers have revealed that the landing cost of Premium Motor Spirit (petrol) as of Friday was N922.65 per litre. Dealers said ...

  Against all Odds, FirstBank Eyes Another Decade of Growth   By Geoff Iyatse   In the first nine months of last year, the earnings per share (EPS) of FBNHoldings Plc, the parent company of First Bank of Nigeria Limited ...

  Former Chairman of Ekiti State Council of Traditional Rulers and the Alawe of Ilawe Ekiti, Adebanji Alabi, has cautioned telecommunications service providers against ripping off Nigerians with tariff increases without commensurate good services. Alabi, who bemoaned the poor services ...

  US President Donald Trump has said he is open to the owner of Tesla and the platform X, Elon Musk, buying TikTok. TikTok was recently banned in the United States because of national security concerns linked to its Chinese ...

  FirstBank’s FirstGem: Redefining Women’s Empowerment in Nigeria   By Tosin Ajayi   The story of women’s contribution to Nigeria’s economy is as old as the nation itself.  It is no secret that women are the largest untapped source of ...

  WEMA BANK ANNOUNCES FINAL TRANCHE OF CAPITAL RAISE EXERCISE …Set to raise additional N200 billion in combination of Rights & Special Placement to complete CBN recapitalization requirement. Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully ...

  The Nigerian Labour Congress has called for the resignation of the Minister of Power, Adebayo Adelabu, over the repeated collapse of the national power grid. In a statement late Tuesday night by the NLC President, Joe Ajaero, the union ...

  MTN Nigeria Communications Plc has successfully raised N42.2bn through its Series 15 and 16 Commercial Paper issuance under the company’s N250bn Commercial Paper Issuance Programme. In a recent disclosure to the Nigerian Exchange Limited by the company secretary, Uto ...

  Wema Bank will reward 131 customers with N11m in cash prizes during its first 5 for 5 Promo Season 4 monthly draw of 2025 in Warri, Delta State. This was revealed in a statement made available to The PUNCH ...

  Ecobank Nigeria has partnered with the Nigerian Consumer Credit Corporation to offer affordable and flexible loans to customers to meet a variety of needs, including paying school fees, rent, maintenance costs, medical bills, car purchases, repairs, asset purchases, and ...

  Fidelity Bank plc has announced the appointment of three new members to its Board of Directors, following approval from the Central Bank of Nigeria. The appointments, effective January 14, 2025, were disclosed in a regulatory filing on the corporate ...

  FirstBank Bountiful Harvest of Awards In 2024 – Testament To Excellence And Stakeholder Trust   By Seun Johnson   In the gilded halls of excellence where dreams are crafted into legacies, stands a beacon that blazes across the African ...

  The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices linked to ...

  A former Group Managing Director of FirstBank, Dr. Bisi Onasanya, has dismissed claims of his involvement in a commercial loan transaction carried out 12 years ago at the lender. Onasanya refuted the allegation in a statement signed by his ...

  The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called petrol, describing it as the height of insensitivity against the masses. Senior NLC officials disclosed this in separate interviews ...

  The shareholders of Arik Air, an indigenous airline currently under the control of the Asset Management Corporation of Nigeria, have debunked claims that the debt accruable to the airline’s owner, Johnson Arumem-Ikhide, has risen to N455bn. The shareholders, through ...

  The Nigeria Police Force has recorded significant successes in its ongoing efforts to combat crime across the country, with the recent busting of an illegal weapons manufacturing factory in Benue State, the arrest of a notorious cultist in Delta ...

  •Facility now producing 500,000bpd as officials look beyond Nigeria to meet demand for product The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production ...

  Avalanche Creative Academy Debuts Fast-growing Lagos-based Entertainment and hospitality hub, Avalanche has announced the birth of its educational arm, The Avalanche Creative Academy. The academy is designed as a top-notch platform dedicated to nurturing creativity and innovation among aspiring ...

  ***WEMA BANK KICKS OFF 2025 WITH N11,000,000 CASH PRIZE IN 5 FOR 5 PROMO SEASON*  …Set to reward 131 Nigerians in first monthly draw of 2025* Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital ...

  Dangote Cement, FBNHoldings, others Lift Equity Market by N53bn   By Rukayat Adeyem   The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, ...