Business

  Dangote Refinery drops PMS to ₦1,165/Litre, Diesel to ₦1,570/Litre DANGOTE Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), effective Thursday 6th of August, thereby reaffirming its commitment ...

  Lagos, FirstBank, Zenith, others back QEDng creative Powerhouse Summit 2.0 THE Lagos State Government, FirstBank and Zenith Bank are among the organisations supporting the second edition of the QEDNG Creative Powerhouse Summit, scheduled to hold on August 11 in ...

  CBN declares stable forex, says $52.5bn reserves show economy improving THE Central Bank of Nigeria (CBN) says the recent stability in the foreign exchange market, rising external reserves, easing inflation show, are its ongoing monetary reforms that are producing ...

  2 arraigned over alleged illegal sale of alcohol THE police on Monday, dragged two men before an Ado-Ekiti Chief Magistrates’ Court, over alleged illegal sale of  alcohol. The defendants are: Anthony Valentine, 35; and Ike Lovinous, 18. The duo ...

  FBN reinforced its commitment to women entrepreneurship with N10m grants FIRST Bank of Nigeria Ltd. (FirstBank) has reinforced its commitment to women entrepreneurship with the inauguration of ”Spark A Gem Challenge”, awarding N10 million in grants to outstanding women-owned ...

  FG to phase out power sector subsidy from next year The Minister of Power, Joseph Tegbe, has announced plans by the Federal government to phase out subsidy payments in the power sector from 2027. Tegbe made the announcement during ...

Access Bank denies false social media message, assures customers of stable operations ACCESS Bank Plc has described as false and misleading a message circulating on social media and WhatsApp and impersonating the bank’s official handle. In a statement by it’s ...

  Otedola acquires N77bn shares to increase his investment in First HoldCo to N1trn Femi Otedola, the chairman of First HoldCo, has increased his shareholding in the financial institution to 21.96 percent stake. According to a statement on share dealing ...

  Wema Bank Wins Euromoney’s Nigeria’s Best Digital Bank for Consumers 2026 Award …. Recognition Affirms Bank’s Leadership in Digital Innovation and Customer-Centric Banking   Wema Bank, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank, ALAT, ...

  UBA wins national sustainability award for ESG leadership THE United Bank for Africa (UBA) Plc has won the best financial services company award at the 2026 National Sustainability Achievements Awards. A statement by the bank on Monday in Lagos ...

  UBA wins national sustainability award for ESG leadership THE United Bank for Africa (UBA) Plc has won the best financial services company award at the 2026 National Sustainability Achievements Awards. A statement by the bank on Monday in Lagos ...

  NNPC needs credible methane data before international investors will finance decarbonisation, EDF says By Anthony Isibor THE Nigerian national oil company may struggle to secure international financing for decarbonisation projects unless it can present credible methane emissions data and ...

  Emmanuel Nnorom to succeed Tony Elumelu as UBA chairman THE United Bank for Africa Plc (UBA) has announced the retirement of its Group Chairman, Mr Tony Elumelu, and the appointment of Mr Emmanuel Nnorom as his successor. The bank ...

  Lagos residents abandon umbrellas for nylon raincoats as rainfalls intensify AS rainfalls intensify in Lagos State, the residents have abandoned the use of conventional umbrellas for nylon raincoats for convenience and to save cost. The growing preference for nylon ...

  Asaba traditional council to enforce ban on sale of ogbono seed in indigenous markets The Omu Ahaba of Asaba Community, Chief Ada Biosah flanked by the Ndi Eze Ahaba, of Asaba community in Sunday in Asaba THE14th Omu Ahaba ...

  There is often a belief that every money a movie makes at the cinema goes straight into the producer’s pocket. Actress Funke Akindele has now explained that it doesn’t work that way. Speaking about her record-breaking box office journey, Funke said ...

  The US Department of Government Efficiency (DOGE) has officially been terminated, 18 months after its creation. President Donald Trump appointed Elon Musk, the American billionaire and founder of Tesla Inc., in November 2024 to lead DOGE, an initiative created to ...

  CBN revokes licences of 46 Microfinance Banks over regulatory breaches THE Central Bank of Nigeria (CBN) has revoked the operating licences of 46 microfinance banks across the country over their failure to meet regulatory requirements. The apex bank announced ...

  Wema Bank Announces the 7th Edition of Hackaholics …Introduces 3 tracks, 7 Verticals, millions of naira in grant prizes Wema Bank, Nigeria’s oldest indigenous national bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, has announced ...

  Zenith Bank’s New Mobile App Shows Why Speed Matters In Everyday Banking Nobody wants to spend extra minutes trying to complete a simple bank transfer. Whether you’re paying a vendor, buying airtime or settling bills, people now expect banking ...

  Special Adviser to President Bola Tinubu on Media and Public Communications, Sunday Dare, has defended First Lady Remi Tinubu’s advice encouraging unemployed Nigerians to engage in petty trading as a means of earning a living Speaking during an interview on the Mic-On podcast, Dare said ...

  Prince William is officially a billionaire — and richer than his dad, King Charles III The Prince of Wales has a net worth of $1.6 billion thanks to his royal estate, Duchy of Cornwall, which he inherited when Charles ...

  Italian Court clears OPL 245 prosecutors, NGOs seek probe THE Italian Supreme Court has overturned the convictions of two prosecutors involved in the high-profile OPL 245 oil block case, reopening debate over the controversial prosecution of oil giants Eni ...

  Elon Musk Loses Trillionaire Status After Losing Over $500 Billion In Stock Market Crash Elon Musk has fallen below the trillionaire mark after a massive sell-off in technology stocks wiped more than $500 billion from his net worth in ...

  First HoldCo shareholders approve N253 billion capital raise to reach N1 trillion paid-up capital  Shareholders of First HoldCo Plc, the parent company of FirstBank of Nigeria, have approved a capital raise of up to N253.099 billion as the group ...