Business

  The Chief Executive Officer of First City Monument Bank, Yemisi Edun, has called on financial institutions to increase funding for Small and Medium Enterprises, and SMEs. She made the call at a panel session of the annual Banking and ...

  The Nigerian National Petroleum Corporation, NNPC, Limited has asked for office space for about 10 of its staff at Dangote Refinery as part of their crude supply deal. According to Devakumar V. G. Edwin, Vice President, Oil & Gas, of Dangote ...

  The Nigerian Copyright Commission has apprehended three bookshop owners in Rivers State over alleged involvement in book piracy. The Director, NCC, Port Harcourt Directorate, Abdul Babatunde, disclosed this on Tuesday shortly after an anti-piracy operation within the Port Harcourt metropolis. ...

  Few days before the September 15, 2024, date announced by the Nigerian National Petroleum Company Limited to start lifting Premium Motor Spirit, popularly called petrol, from the Dangote Refinery, investigations by The Punch show that no commercial agreement has ...

  The Central Bank of Nigeria has directed all Payment Service Providers to route all transactions from PoS terminals at merchant and agent locations — physical or electronic — through an approved CBN Payment Terminal Service Aggregator. It also issued ...

  Guaranty Trust Holding Company Plc is the first Nigerian financial institution to report a profit before tax of N1tn in six months. The financial giant’s profit represents a 206.6 per cent increase from the N327.4bn recorded in the same ...

  First City Monument Bank has disbursed over N40bn in digital loans from January to August. This was disclosed by the Divisional Head of Personal Banking at FCMB, Adetunji Lamidi, in a statement made available to our correspondents on Monday. ...

  Industry experts will be discussing the future of Nigeria’s financial and economic development at the Access Bank’s Corporate Customer Forum 2024 on September 19 in Lagos. The event, themed ‘Nigeria’s Economic Rebirth: Hopes and Implications’, will address the country’s ...

  The co-founder of the Tony Elumelu Foundation, Dr Awele Elumelu, has said that the foundation empowered 8,000 women in 54 African countries in 10 years. She added that the figure represented 46 per cent of the total number of ...

  Guaranty Trust Bank Ltd, a subsidiary of Guaranty Trust Holding Company Plc, has won the award for Best Bank for Corporate Social Responsibility in Nigeria at the Euromoney Awards for Excellence 2024. The bank, in a statement made available ...

  LAPO Microfinance Bank has announced the appointment of Joshua Etopidiok as a non-executive director. According to LAPO MFB, in a statement on Sunday, Etopidiok is a financial strategist, who brings over 35 years of experience in finance, insurance, risk ...

  Financial technology companies have started charging levies on electronic transfers into personal and business accounts in compliance with the Federal Inland Revenue Service regulations. In a notice to its customers on Saturday, OPay, one of the fintechs, stated, “Dear ...

  Innoson Vehicle Manufacturing Company has proudly announced the launch of its first locally produced electric vehicle. Cornel Osigwe, Head of Communications and Corporate Affairs at IVM, shared the milestone on Facebook, highlighting the significance of this achievement for the ...

  Stanbic IBTC Holdings Plc’s profit after tax soared by 71 per cent to N116.36bn in the first half of the year, from N67.92bn in the prior year. This was contained in the bank’s consolidated and separate statements of profit ...

  In celebration of its 75th anniversary, United Bank for Africa Plc has rewarded 30 customers with over N17m in its August draw. In a statement on Monday, the lender said the event, held recently in Lagos, featured a draw ...

Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group.    Although the projected gross earnings represent a ...

  Fidelity Bank Plc, a leading financial institution, has donated maternity kits to pregnant women in Aiyetoro, Yaba Local Council Development Area (LCDA) of Lagos State. This donation is part of the bank’s Corporate Social Responsibility (CSR) efforts under the ...

  The Ogun State Environmental Protection Agency has sealed five industries for environmental infractions. The companies are Nixim Paper Limited, and Long Xiang Aluminum both at the Sagamu axis of the Lagos -Ibadan Expressway, New Shidai Manufacturing Limited, Mowe in ...

  Bankole Henrich, a poultry farmer, has expressed his devastation after losing over 5,000 birds and being forced to sack 50 workers following the demolition of his farm by Federal Capital Development Authority (FCDA) officials. In a series of posts ...

  Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL), to immediately reverse what it described as the “illegal and unconstitutional” ...

  The Federal Government of Nigeria has introduced a new levy on electronic money transfers, effective September 9, 2024. The Electronic Money Transfer Levy (EMTL) requires Fintech companies, such as Opay and Moniepoint, to deduct N50 from every inflow of ...

  The Nigerian National Petroleum Company Limited (NNPCL) has said Premium Motor Spirit or petrol from the Dangote Refinery will begin to flood the market from September 15, 2024. The company who revealed this in a statement signed by its Chief ...

  President Bola Tinubu, on Thursday, directed Vice President, Kashim Shettima to summon the Minister of State, Petroleum, Heineken Lokpobiri; Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, and the National Security Advisor, NSA, over the recent ...

  Prestigious recognition has been bestowed upon Selena Gomez, as she joins the ranks of self-made billionaires, according to Bloomberg. Her diverse portfolio of ventures has contributed to her financial success, including: Rare Beauty: Her makeup line, launched a few ...

  Polaris Bank Limited, in partnership with the Nigeria Conservation Foundation, has taken its tree planting initiative, aimed at nationwide land restoration, to Kano State. A statement from the bank revealed that a commemorative tree planting activity was held at ...