Business

  Polaris Bank Inducted Premium Member of Nigeria-British Chamber of Commerce Polaris Bank has been inducted a premium member of the prestigious Nigeria-British Chamber of Commerce (NBCC), marking another milestone in the Bank’s journey towards enhancing profitable trade between businesses ...

  A fire broke out at Pinnacle Oil, a filling station owned by Enugu State Governor Peter Mbah, on Friday, September 20, 2024. The incident occurred in the morning hours at the station located on Agbani Road, Enugu. According to ...

  Guaranty Trust Bank Ltd (“GTBank,” or “the Bank”), flagship subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa, has been named Best Bank in Corporate Social Responsibility in Nigeria at the ...

  WEMA BANK SET TO LAUNCH SEASON 4 OF ITS 5 FOR 5 PROMO REWARD INITIATIVE From October 1st, 2024 Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to launch the ...

  British consumer goods group PZ Cussons Plc is at the warm-up stage of completely or partially quitting operations in Africa, where Nigeria and Kenya are the main manufacturing hubs. The continent accounts for 28.7 per cent of the group’s revenue, ...

  Nobel Laureate Professor Wole Soyinka will be the featured guest on this weekend’s episode of African Voices Playmakers, a 30-minute magazine program sponsored by the telecommunications company Globacom and broadcasted on CNN International. According to a statement on Thursday, ...

  Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels ...

  First City Monument Bank in collaboration with the Tulsi Chanrai Foundation, has restored the vision of approximately 150,000 visually impaired Nigerians in Kebbi State through its “Priceless Gift of Sight” initiative. According to a release from the bank on ...

  The Federal Government is set to receive a fresh loan from the World Bank, with approval expected for loans worth $1.7 billion. The loan is expected to be approved on September 26, 2024, according to official documents obtained by ...

  Nigerian Breweries Plc has announced plans to reduce its foreign exchange losses through a N599.1bn rights issue. This was disclosed by the company secretary, Uaboi Agbebaku, at the ‘Facts Behind the Rights Issue” presentation by Nigerian Breweries at the ...

  Controversy has surrounded the reported visit of former Kogi State Governor Yahaya Bello to the Economic and Financial Crimes Commission headquarters. While the ex-governor’s media team claimed that their principal honoured the invitation, the anti-graft agency countered these claims, insisting ...

  The Federal Inland Revenue Service has announced plans to implement an e-invoicing platform to advance Nigeria’s tax administration system. The new digital platform, named FIRS e-Invoice, is set to streamline invoice management in alignment with the Tax Administration and Enforcement ...

  Senior Advocate of Nigeria and Human Rights Activist, Femi Falana, has condemned the Nigerian National Petroleum Corporation Limited (NNPCL) for its role in determining the price of Premium Motor Spirit (PMS), commonly known as petrol, following the deregulation of the ...

  The Central Bank of Nigeria, CBN, has said that fuel subsidy removal, lower import bills, and increased external debt servicing obligations could pose downside risks for the growth of external reserves by 2024/2025. CBN disclosed this in its Monetary, Credit, Foreign ...

  The Central Bank of Nigeria has reconstituted the board of directors of Keystone Bank. The move announced on Wednesday, as part of the apex bank’s strategy to ensure sustained growth for the financial institution. According to a statement from ...

  CWAY Foods and Beverages has launched three new drinks—Café Coffee Milk, Fuji Probiotic, and Assam Milk Tea, aimed at addressing the changing consumer preferences for innovative and health-conscious options. The launch ceremony was held recently in Lagos. The General ...

  The Federal Accounts Allocation Committee has said it disbursed N1.2 trillion earned as revenue in August 2024 to the Federal Government, states, and Local Government councils in Nigeria. The revenue distribution was announced at the September 2024 FAAC meeting ...

  Jumia, Africa’s e-commerce platform, has stated it has recently deployed a city expansion strategy in line with its effort towards addressing the challenges of e-commerce in Nigeria. A statement by Jumia disclosed that the expansion was designed to bring ...

  Nestlé Nigeria reinforced its commitment to youth empowerment and skill development with the graduation of 20 young men and women from its Technical Training Centre (TTC) in Flowergate. This ceremony, marking the first-ever graduation at the Flowergate facility, is ...

  Ozone preservation plays a pivotal role in safeguarding ecosystems and human health by reducing harmful ultraviolet (UV) radiation that contributes to environmental degradation and health risks. As part of its core focus on climate action, Sterling One Foundation continues ...

  Adron Homes and Properties Limited extends its warmest greetings and heartfelt felicitations to all our esteemed Muslim customers as they celebrate the auspicious occasion of Eid Maulud Nabiyy, the commemoration of the birth of the Holy Prophet Muhammad (Peace ...

  The first woman and first African to head the World Trade Organization, Ngozi Okonjo-Iweala, will be seeking a second four-year term when her mandate expires next August. Her spokesman disclosed this today. “We can confirm that Dr. Ngozi Okonjo-Iweala has ...

  The Nigerian National Petroleum Company Limited (NNPCL), on Monday, released the estimated price of Premium Motor Spirit (PMS) sourced from the Dangote Refinery, with the petrol pump price expected to be sold for N950.22 in Lagos and N1,019.22 in Borno ...

  The Nigerian National Petroleum Company Limited (NNPC Ltd) on Sunday said it bought petrol from Dangote refinery at N898 per litre. Olufemi Soneye, the chief corporate communications officer of the company, disclosed this to Premium Times in an interview ...

The Economic and Financial Crimes Commission (EFCC) has detained five Chinese nationals over alleged illegal mining in Ndito-Eka-Iba village, Ibieno Local Government Area of Akwa Ibom. Mr Dele Oyewale, EFCC spokesperson, said this in a statement on Sunday in Abuja. He ...