Business

The Managing Director/Chief Executive Officer of FCMB Pension Limited, Christopher Bajowa, has been elected the new President of the Pension Fund Operators Association of Nigeria. A statement from the trade association indicated that Bajowa was unanimously appointed following the retirement ...

  Mattress brand, Mouka has partnered with the Lagos Food Bank to aid vulnerable children. According to a statement, Mouka’s partnership is part of the Nutritious Meal Intervention for Vulnerable Mothers and Children programme, an initiative by the Lagos Food ...

  The Director General of the Nigeria Intelligence Agency, Ahmed Abubakar, has resigned. Abubakar submitted his resignation letter to President Bola Tinubu during a meeting they had at the Presidential Villa, Abuja on Saturday. The NIA boss confirmed the development ...

The Director of the NNPC/SPDC/TotalEnergies/NAOC Joint Venture Centre of Excellence in Environmental Management and Green Energy, Professor Anene Moneke, has stated that the targeted investments in education by the Shell Petroleum Development Company Joint Venture will address Nigeria’s energy challenges ...

Nigerians have expressed anger over the recent trip of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, to Saudi Arabia for religious activities amid severe fuel scarcity across the country. Kyari, who shared images ...

  Food brand, Terra, has unveiled a new ‘Unwrap Your Smile’ campaign for its Terra Seasoning Cube. In a statement, Terra said it elevates consumer-centred campaigns to resonate with its audience by celebrating moments of real human connection through its ...

Over 1,500 residents, made up of women, children, widows, and the elderly, have benefited from the one-day feeding programme organised by Fidelity Bank in Osun State. The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun State, ...

  FirstBank, in partnership with the Nigerian Conservation Foundation (NCF), has launched a major tree-planting initiative to enhance Nigeria’s vegetation cover.   According to the bank, the tree planting exercise led by Aishatu Bubaram, the Group Executive, Commercial Banking, North, ...

Unity Bank Plc has reaffirmed its commitment to youth empowerment by hosting a webinar focused on equipping Nigerian youths with digital skills, aiming to bridge the digital divide in the tech-driven economy. The webinar featured technology experts, including the Senior ...

Oando PLC says it has completed the acquisition of 100 per cent shares of Nigerian Agip Oil Company Limited. The company made this known in a statement on Thursday, saying “Today marks a historic milestone for Oando PLC as we ...

  The Nigerian Navy has dismantled an illegal refinery along the Isaka/Ogoloma River in Rivers State capable of producing over two million litres of automotive gasoline oil (AGO) daily. The operation, carried out by the Nigerian Navy Ship (NNS) Pathfinder, involved ...

  The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has officially granted an operational licence to the Edo Refinery and Petrochemical Company Limited, located in Ologbo, Edo State. This significant milestone was celebrated at a ceremony where NMDPRA’s CEO, ...

  Payment processing platform, eTranzact, has emerged as Africa’s Most Innovative Payment Services Company of the Year 2024 at the African Brands Innovators Forum. In a statement, it was noted that eTranzact won the category ahead of other fintech players. ...

  The Managing Director of the Nigeria Deposit Insurance Corporation, Bello Hassan, has said that the adoption of an improved depositor payment methodology helped in the timely reimbursement of the depositors of the defunct Heritage Bank. Hassan said this on ...

  Financial institutions that have started raising capital have stated that they will allocate $1.20bn from the proceeds to invest in technology and bolster their cybersecurity infrastructure. This was indicated in the offer prospectus of five lenders that have commenced ...

  The prices of garri, a major staple food, and tomatoes, have dropped significantly in Anambra, Ebonyi and Enugu States, bringing some respite to many households in the area. A survey carried out by the News Agency of Nigeria in ...

  FirstBank, the West African premier financial institution and financial inclusion services provider is proud to announce its 2024 Corporate Responsibility and Sustainability (CR&S) Week, scheduled for 19 to 24 August. This year’s edition aims to reinforce the bank’s positive ...

  The biting scarcity of Premium Motor Spirit (PMS), also known as petrol, which had hit the Federal Capital Territory (FCT) since over one month, became more acute at the weekend and spread nationwide, with fuel queues on a scale ...

  The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter ...

  First City Monument Bank Limited has appointed Ademola Adebise and Mrs Olufunmilayo Adedibu to its board of directors. A statement from the bank on Wednesday described Adebise as a respected figure in the Nigerian financial industry and Adedibu as ...

The Managing Director/Chief Executive Officer of Union Bank of Nigeria, Yetunde Oni, has stated that the bank has initiated a recapitalisation process. Oni disclosed this in a statement as the bank released its half-year results, which showed a 58.19 per ...

The National Agency for Food and Drug Administration and Control (NAFDAC) has raised concerns about the quality of bread sold in markets, revealing that some producers are using saccharine instead of sugar due to high costs. This substitution has led ...

Prophet Jeremiah Fufeyin, a prominent Nigerian cleric, has announced that he will no longer sell his miracle water and soap, following criticism from social media Verydarkman. Verydarkman had publicly questioned the commercialization of these products, claiming they were being marketed ...

The 2024 Ecobank Fintech Challenge has produced 12 finalists, including Sawport Video Banking, and Sproutly Africa that Nigerian firms. The finalists were announced at the first semifinal event, which was held on Wednesday at the Ecobank Pan African Centre, Lagos, ...

  Nollywood actor Pat Attah is engaged in a legal dispute with Lagos-based TV channel TVC over comments made on their entertainment show E-splash. Pat Attah alleges that hosts Honeypot, Jaypaul, and Cassey Bashua Alimi misrepresented his statements from a ...