Business

  President Bola Tinubu on Wednesday disclosed that the federal government is targeting an exchange rate of N1,500 to the dollar to support the effective execution of the 2025 budget This marks a decrease of roughly N200 from the current ...

  Adekunle Gold has shared a thought-provoking post on his X page, stating that a “sprinkle of wickedness” is necessary to thrive in life, implying that kindness can lead to being taken advantage of. He said: “Took me a while, ...

  FIRSTBANK KICKS OFF DECEMBERISSAVYBE 2024 WITH KENNY BLAQ‘S ‘RECKLESS’ MUSICOMEDY By Bolaji Israel   December marks a special time in Nigeria, a moment when people take a break from their hectic year to unwind, celebrate, and create lasting memories with ...

  Inflation in Nigeria has risen to 34.60 per cent in November 2024, reflecting a 0.72 per cent increase from October’s rate of 33.88 per cent. According to the latest Consumer Product Index report released by the National Bureau of ...

  Funke Akindele’s latest film, “EverybodyLovesJenifa” (ELJ), has achieved unprecedented success at the Nigerian box office. Released on December 13, 2024, the film grossed a remarkable N206 million during its opening weekend. In the post’s caption, expressing heartfelt gratitude, Funke ...

  CORPORATE STATEMENT: Correction of Misleading Information Regarding Fraud Allegations   We have been made aware of a recent publication by Tech Cabal containing allegations of fraud involving our institution. We wish to categorically state that the story is entirely ...

  An Igbo business community is set to install businessman, Chidi Anyanegbu, as the first Mayor Ndi Igbo as part of efforts to address longstanding business conflicts and foster economic growth. The Media and Publicity Sub-Committee of the Organising Committee’s ...

  The Federation Accounts Allocation Committee has shared N1.727 trillion among the Federal Government, states, and local government areas for November. This is contained in a communiqué issued after the FAAC meeting on Thursday in Abuja. According to the communiqué, ...

  Access Holdings Plc has announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement to acquire a 100 per cent equity stake in South African-based Bidvest Bank Limited. The announcement was disclosed in a document filed ...

  Shareholders of United Bank for Africa have enjoyed 375 per cent capital gains in nearly five years. Official data at the Nigerian stock market at the weekend indicated that investors in UBA have continued to earn an average annual ...

  Mastercard and the BCP Group have collaborated to enhance cross-border payments for their corporate and individual clients on the African continent. In a statement shared with The PUNCH on Tuesday, MasterCard said that the collaboration aims to enable near-instant, traceable, secure, ...

  Polaris Bank has emerged as the sectoral winner in the Banking and Other Financial Institutions Sector category at the 2024 NECA Annual Employers’ Excellence Awards. The bank received sectoral recognition for its innovative HR practice at the fourth edition ...

  The Board of the World Bank Group is expected to meet and decide on approving a $500m loan to Nigeria today (Friday) to boost rural access and agricultural marketing in the country, The PUNCH reports. According to information obtained ...

  Aba Power Limited Electric, APLE, has announced that it has applied to the Nigerian Electricity Regulatory Commission, NERC, for an electricity tariff hike. Ugo Opiegbe, Managing Director, Aba Power, disclosed this when he presented the company’s application at a ...

  The House of Representatives has called for the closure of illegal loan platforms used by “one chance” operatives to extort money from victims. The resolution followed a motion of urgent public importance moved by Billy Osawaru during plenary on ...

  Funke Akindele has taken a strong stance against piracy in the Nigerian film industry. On her Instagram page, she passionately told her audience to join her in the fight against this destructive practice. Akindele specifically highlighted the harm caused ...

  Veteran singer, Eldee The Don shed light on his father’s groundbreaking contributions to Nigeria’s technology sector during an appearance on Adesope Live. Eldee revealed that his father established Nigeria’s first internet connection, setting up the country’s pioneering cyber cafe ...

  The Nigerian Civil Aviation Authority (NCAA) is ready to sanction any airlines that delay ticket fees refund to passengers. Mr Michael Achimugu, NCAA Director of Public Affairs and Consumer Protection, made this known in a statement on Tuesday in Abuja. ...

  The National Agency for Food and Drug Administration and Control (NAFDAC) has issued a warning to bakeries across the country, advising against the use of saccharin and bromate in bread production. The agency’s Director-General, Prof. Mojisola Adeyeye, shared the ...

  Nollywood actress Rosy Meurer has showered praises on her husband, Olakunle Churchill, as he launches a new project. The mum of two praised her husband’s innovative mindset for stepping into the food business. She wrote; “From philosophy to philanthropy, and now to ...

  Moniepoint has been named the “Overall Best Fintech in Digital Banking Solution Delivery” in the OFI Category at the NEXUS 2024 awards, organised by Qore. The recognition, disclosed in a statement on Wednesday, underscores the company’s contributions to transforming ...

  Stanbic IBTC Pension Managers Limited has announced the early closure of some branches and a temporary disruption of its digital services due to a planned system maintenance exercise. The company disclosed in an E-mail sent to its customers on ...

  FCMB Group Plc reported a profit after tax of N82.4bn for the nine months ending September 30, 2024, reflecting a 68 per cent growth compared to N49.2bn in the same period last year. This was disclosed in the bank’s ...

  The Lagos State Government has shut down Blessed Happy Homes Superstore, located at 6th Avenue, 13th Road, FESTAC Town, for selling expired Fast-Moving Consumer Goods (FMCG) and breaching health and safety regulations. The action, executed by the Lagos State ...

  Global leader in video streaming services, Netflix, has dismissed reports suggesting it plans to exit Nigeria, reiterating its commitment to the country’s burgeoning creative industry. The streaming giant responded to the speculation on Wednesday in an email to The Punch. ...