Business

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 ...

The BBC has announced it is to cut 500 jobs as it attempts to save £200 million to drive the “transformation” of the corporation. Chief operating adviser Leigh Tavaziva said it is making the changes to improve its premium video offering and ...

TotalEnergies Marketing Nigeria Plc has announced that it has graduated 79 youths in its 2023 Skill Acquisition Programme batch in Koko, Delta State. According to a statement issued by TotalEnergies, the event marked a significant milestone in the company’s commitment ...

  Unilever Nigeria Plc has reported a 61 per cent increase in its profit after tax for the first half of 2024, reaching N4.4bn compared to N2.8bn in the same period last year. The growth was attributed to a revenue ...

  A former Minister of Education, Oby Ezekwesili, has called for an independent audit of why the Nigerian National Petroleum Company Limited capped its investment in the Dangote Petroleum Refinery at 7.2 per cent instead of the planned 20 per ...

The Federal Government has stepped in to resolve the ongoing dispute between Aliko Dangote, Africa’s richest man, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the Dangote Refinery project in Lagos. The controversy centers on the alleged ...

In the 2024 Top 1000 World Banks’ Rankings, released by The Banker Magazine, Zenith Bank Plc has maintained its leadership by Tier-1 capital for the fifteenth year in a row. According to the report published in the July 2024 edition ...

The 2023 Labour Party presidential candidate Peter Obi has voiced his support for the Dangote Refinery, urging the Nigerian government to resolve ongoing conflicts and provide necessary assistance for the project’s success. In a statement on Tuesday via X, Obi emphasised the critical ...

The Joint Committee of the House of Representatives carrying out a forensic investigation into the challenges affecting the downstream and midstream petroleum sectors has commenced a probe into allegations of importation of contaminated Premium Motor Spirit, also known as fuel, ...

During the graduation ceremony at Adeleke University, founder Dr. Deji Adeleke, father of renowned musician Davido, made a remarkable announcement He pledged to offer immediate employment opportunities at his company, Pacific Energy, to all students who graduated with a first-class ...

The Federal Government has announced plans to commission 30,000 Compressed Natural Gas (CNG) powered vehicles within the next 90 days, signaling an end to the era of buying fuel at high prices (N750-N1000 per liter) Michael Oluwagbemi, CEO of the ...