Business

  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. ...

  Greenwich Merchant Bank Limited has announced the appointment of Mr Benson Ogundeji as its substantive Managing Director/Chief Executive Officer following approval of the Central Bank of Nigeria. This was disclosed in a statement made available to The PUNCH on ...

  Pepsi Nigeria has unveiled the revamped 60cl Long Throat Bottle, marking its return with a campaign themed “Big Big Tinz” to deliver “Big Refreshment, Big Value.” Pepsi said in a statement it partnered with Afrobeat singer Young Jonn to ...

  Verve International, Africa’s leading domestic payments card scheme and token brand, has announced that its cards are now accepted on AliExpress, one of the world’s largest online retail platforms. In a statement on Friday, the payment giant described the ...

  United Bank for Africa has signed a deal to commence full banking operations in France. In a statement late Thursday, the banking group said the landmark business cooperation agreement with the French Finance Minister, Antoine Armand, was part of ...

  A Chinese-born cryptocurrency entrepreneur, Justin Sun, recently followed through on his promise to consume the banana from the controversial artwork Comedian, a piece valued at $6.2 million (£4.9 million). The artwork, created by Maurizio Cattelan in 2019, features a ...

  Oil marketers have expressed diverse opinions on the recent demand by the Dangote Petroleum Refinery, which stated that dealers must make advance payments before they can begin off-taking products from the Lekki-based refinery. This demand was advanced to marketers during ...

  The Central Bank of Nigeria is reported to be preparing to retire approximately 1,000 employees as part of a strategic workforce realignment. A severance package worth over N50 billion was said to have been allocated as the payoff for ...

  Wema Bank Emerges Overall Winner for the Third Time at Nigeria Bankers Game 2024 Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has reaffirmed its dominance by emerging as the Overall Winner ...

  The Lagos State Government has neither banned sachet water nor plans to do so, Commissioner for Environment and Water Resources, Tokunbo Wahab, clarified on Sunday. In a post on X (formerly Twitter), Wahab responded to a viral video showing ...

  Ngozi Okonjo-Iweala, the World Trade Organization (WTO) chief, was reappointed for a second term on Friday, amid concerns over the potential return of Donald Trump and his opposition to international trade rules. Okonjo-Iweala, the first woman and first African ...

  The operational capacity of the newly rehabilitated Port Harcourt Refining Company came under intense scrutiny on Thursday. This was following claims that petroleum products loaded from the facility on Tuesday were not newly refined but products stored in the ...

  NOVA Bank has received the globally recognised ISO 27032 Cybersecurity Standard certification. The new commercial bank said that the achievement was a major milestone in its commitment to safeguarding customer data and digital operations. The ISO 27032 certification focuses ...

Parallex Bank has rewarded customers with cash prizes, airtime, and other exciting gifts in the first draw of its nationwide Save and Win Promo, held in Warri, Delta State. According to a statement from the bank on Tuesday, the first ...

A 16-year-old student of Everest Heights Int’l Academy, Gwagwalada-Abuja, Tehilah Isimah, has emerged as the overall winner of the 14th edition of the National Essay Competition of UBA Foundation. Isimah emerged the winner at the grand finale of the contest, ...

A total of 54 exhibitors are expected to showcase at the inaugural Design & Build Expo organised by Ecobank and its partners. This was disclosed by the Head, SME, Partnerships and Collaboration, Omoboye Odu, at a media briefing at its ...

  Okomu Oil Palm Company has reaffirmed its commitment to education by awarding bursaries to 56 students from 18 communities bordering its operations in Ovia South-West, Ovia North-East, and Uhunmwonde Local Government Areas for the 2024/2025 academic session. In a ...