Business

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 ...

  The Federal Government has announced that only buyers with National Identification Numbers would benefit as it commenced the sale of 30, 000 metric tonnes of milled rice to Nigerians at a subsidised rate of N40,000 per 50kg bag. President ...

  Dangote Group has dismissed reports that the Nigerian National Petroleum Company Limited (NNPCL) has started lifting Premium Motor Spirit (PMS), popularly known as petrol, from its refinery. A newspaper had reported that NNPCL lifted petrol from Dangote Refinery and sold it ...

Nigeria is the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024, following a significant increase in its borrowing from the institution. A financial statement dated June 30 2024 but recently made public and obtained ...

Dangote Industries Limited and MTN Nigeria have been named Nigeria’s ‘Most Valuable Brand’. Dangote Industries came top after an assessment conducted by ‘Top 50 Brands Nigeria’ as part of its evaluation of top brands for the year. At the media ...

  Billionaire businessman, Femi Otedola, has said that the commencement of petroleum production by the Dangote Refinery in Lagos has released Nigeria from the clutches of foreign powers and local oil cabals. Otedola said this on Tuesday on his X ...

  The Mastercard Foundation has said it will host two events at the 79th Session of the United Nations General Assembly later this month that border on secondary education and women empowerment in Africa. A statement from the foundation on ...

  Virgin Atlantic has announced its re-launch of daily flights between Accra and London Heathrow. According to a statement issued by the airline on Monday, the Accra-London flight will commence in May 2025. It stated that the new service was ...

  The Ambassador of Tunisia to Nigeria, Mohsen Antit, has announced that direct flights between Tunisia and Nigeria are expected to commence in 2026. This initiative is part of broader efforts to enhance bilateral relations between the two countries. In ...

  The Federal Government has declared a state of emergency at the Onne Port in Rivers State following the repeated incidents of importation of dangerous cargo, including arms and ammunition through this port. To this effect, the government said it ...

  Nigerian social media activist Martins Vincent Otse, also known as Verydarkman, has voiced his skepticism following the release of the first batch of Premium Motor Spirit (PMS) from Aliko Dangote’s newly operational refinery. The refinery, located in Ibeju-Lekki, was ...

  The Federal government has rubbished reports on social media suggesting that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1000, above the approved pump price. A report, intending to mislead the public and cause panic, which is devoid of ...

  The Canadian Government has said it supported Nigeria with the building of nine oxygen plants in nine states worth $23 million due to the gaps she experienced during the outbreak of the COVID-19 pandemic in 2019. The Canadian High ...

  The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, otherwise known as petrol, The PUNCH can report authoritatively. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. ...

  Citibank Nigeria Limited has appointed Nneka Enwereji as its Managing Director/Chief Executive Officer. In a statement issued by the Head of Public Affairs, Nigeria and Ghana Global Communications Enterprise Services and Public Affairs, Lola Oyeka and made available to The ...

  President Bola Tinubu has approved a 50 per cent electricity subsidy for public hospitals and educational institutions to alleviate their financial burden. Minister of State for Health, Dr Tunji Alausa, disclosed this while speaking to journalists in Kaduna on ...