Business

  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 ...

  Mama Money Financial Services, a fintech specialising in cost-effective money transfers, has launched a new bank card that enables cardholders to manage their account and money through a custom-made WhatsApp solution. In collaboration with Access Bank and Pick n ...

  Former President Olusegun Obasanjo has reiterated Nigeria’s vast potential and called on leaders to leverage the country’s resources to position it as a global leader. Obasanjo, who spoke on Tuesday at the ongoing Ecobank Design and Build Expo at ...

Access Bank Plc has announced the completion of the acquisition of Standard Chartered subsidiaries in Angola and Sierra Leone. This was revealed in a statement issued on Wednesday by the financial institution signed by the Company Secretary, Sunday Ekwochi. In ...

  The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9m. The shares were purchased in two separate transactions between ...

  The Minister of Labour and Employment, Muhammadu Dingyadi, on Thursday, said Nigerians expecting his ministry to provide jobs would be disappointed because that is not part of its mandate. He stated this at the annual conference of the Federal ...

  The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has acquired a total of 15 million shares of the bank in a transaction valued at N239.4m. The transaction, which took place between November 21 and ...

  Zenith Bank Plc has expanded its global footprint with the opening of Zenith Bank (UK), Paris Branch, as it announced plans to open subsidiaries in Francophone Africa, starting with Cameroon and Ivory Coast. According to the lender in a ...

  Wema Bank, the pioneer of Africa’s first fully digital bank, ALAT, has commemorated International Fraud Awareness Week 2024 by hosting a seminar. The International Fraud Awareness Week 2024 was themed, “Share A Story, Stop A Scam”. The seminar was ...

  Wema Bank awards N145 million to Seven Outstanding Innovators At The Hackaholics 5.0 Grand Finale Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has successfully concluded the 5th edition of its Hackaholics ...