Business

Renowned football transfer expert Fabrizio Romano has confirmed that Chelsea has finalized the signing of Samuel Omorodion from Atlético Madrid for a transfer fee of £35 million. Omorodion has agreed to a seven-year contract with the Premier League side and ...

  The Central Bank of Nigeria has approved the merger of Providus Bank and Unity Bank. The apex bank, in a statement signed by the acting Director, Corporate Communications, Hakama Sidi, on Tuesday, said the action is in accordance with the ...

  FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable ...

  DJ Cuppy has hailed her mum as she visits her dry cleaning factory. On her Instagram page, Cuppy shared a video of her visiting the dry cleaning factory writing; ”In 1999 my mum founded @GarmentCareLTD and 25 years later ...

  The Dangote Petroleum Refinery is going to need about N1.7tn worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited to sell crude to the plant and other domestic refineries in naira ...

The Kaduna Electricity Distribution Company (KEDCO) has disconnected the Kaduna Government House from electricity supply due to an outstanding debt of N2.9 billion. According to a statement by Abdulazeez Abdullahi, Head of Corporate Communication, the government house has not paid ...

  August 1st Planned Protest!!! FG begins to sell 50kg rice at N40,000. The Federal Government on Monday said it has started to distribute an additional 10 trucks of 50kg rice to each state to be sold at designated centres ...

The NNPC Limited has announced that is recruiting new staff. And it appears many Nigerians have started applying for positions within the organisation. In a statement posted on his Facebook page, the NNPCL assured Nigerians of a merit-based recruitment process. It ...

The Corporate Affairs Commission has issued a notice to 100,001 dormant companies, giving them a 90-day grace period to submit all outstanding annual returns or face potential delisting from its registry According to a statement released on Wednesday and published on the ...

  Wakanow Group, an online travel company, has embraced virtual payment technology through Outpayce’s B2B Wallet. In a statement, the Group Chief Executive Officer of Wakanow, Bayo Adedeji, said the initiative marked a shift in how the conglomerate manages its ...

Kuda has partnered with SeerBit, a payment gateway, to give Kuda’s customers a safe and easy option for making cardless payments online and in the process reduce exposure to fraud. A statement from the fintech firm on Wednesday indicated that ...

  FBN Holdings’ deposits from customers grew by 24.42 per cent to N13.27tn in the first quarter of 2024 compared to N10.66tn at the end of 2023. This was highlighted as the bank launched its new corporate campaign titled ‘Giants ...

First City Monument Bank has unveiled a new initiative to address gender inequality in Nigeria’s business sector through the provision of zero-interest-rate loans to female entrepreneurs. The initiative named SheVentures programme provided interest-free loans of up to N10m and tailored ...

Investors lost N118bn on the Nigerian Exchange Limited, on Thursday, driven by dips in the share prices of Omatek Ventures, Cutix Plc, and First City Monument Bank. Omatek Ventures shed 10 per cent to close at N0.63, Cutix plc dipped ...

Payment processing platform, eTranzact International Plc, has stated its commitment to providing efficient online payment services while being a regional leader in the electronic and mobile payment industry. This was disclosed by the Chairman of the company, Mr Wole Abegunde, ...

The Alternative Bank has entered a partnership with the Nasrul-Lahi-Fatih Society of Nigeria to offer its female members easy access to bespoke, ethical financial solutions that align with their values. A statement from the bank on Thursday said the partnership ...

President Bola Tinubu may sign the Minimum Wage Bill into law next week, following the passage of the bill by the National Assembly. Multiple sources within the National Assembly revealed that the bill was finalized on Wednesday and transmitted to ...

FCMB Group improved profit for the first half of the year by 68.1 per cent to N59.5bn from N35.4bn recorded in the same period last year. This was disclosed in the group’s quarterly report and financial statements for the period ...

A new fast food brand, Wellcome Snacks, has launched its product in the Federal Capital Territory, Abuja, recently. Wellcome Snacks introduced its three-layer snack to guests at the launch, including business partners, distributors, media representatives, influencers and members of the ...

Digital financial institution, MoniePoint Inc, has highlighted the importance of a public-private collaboration to drive financial inclusion in Nigeria. A statement from Moniepoint on Thursday said that this was disclosed at a policy dialogue between the Nigerian government and private ...

Former Kano State Governor, Rabiu Kwankwaso, has expressed concern over what he termed “unnecessary fuss” created by vested interests, which he believes could damage investor confidence in the Nigerian economy. This is in the wake of the faceoff between industrialist, ...

  FirstBank, the West African premier financial institution and financial inclusion services provider announces its continuous VISA Cross Border and Summer campaign in partnership with VISA. The campaign, which commenced on 1 April 2024, is set to run until 31 ...

The electricity distribution companies in Nigeria generated revenue of N291.62bn in the first quarter of 2024 amid the blackout in parts of the country. This was even as the nation lost 673 megawatts of power generation capacity due to gas ...

In a move to increase the size of its fleet, Virgin Atlantic has ordered seven A330neo. The order was announced during the Farnborough Airshow onboard Virgin Atlantic’s A330neo, named ‘Ruby Rebel’, and registered as GB-VSRB after founder Sir Richard Branson, ...

Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company (NNPC) has responded to allegations made by the President of Dangote Group, Aliko Dangote, regarding the establishment of a blending plant in Malta by some NNPC workers. In a ...