Business

The Federal Government has hailed the contributions of platforms like Moniepoint to the growth of the informal sector in Nigeria. This was stated by the Vice President, Senator Kashim Shettima, at the launch of the 2024 Nigeria Informal Economy Report ...

  9 July 2024 – FirstBank, West Africa premier financial institution and financial inclusion services provider has announced its sponsorship of the Lagos command performance of Eni Ogun – The Noble Warrior, a theatrical performance in honour of Professor Wole Soyinka as ...

  The Federal Government has announced the suspension of duties, tariffs, and taxes on some essential food items imported through land and sea borders. The Minister of Agriculture and Food Security, Abubakar Kyari, disclosed this at a briefing in Abuja yesterday. ...

  Halogen Group, a leading security risk management and safety solution organisation, says it has been voted as Nigeria’s Most Outstanding Security Company for 2024. The company, in a statement, said the announcement came from the United Kingdom head office ...

  Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has announced the appointment of Obafemi Banigbe as its Chief Executive Officer. This strategic move is part of the company’s broader plan to embark on a new phase of business ...

  MTN Nigeria Communications Plc has announced that it contributed N549.3bn in taxes and levies to the Nigerian government. This was disclosed in the company’s 2023 Sustainability Report filed with the Nigeria Exchange Limited. According to the report, MTN Nigeria ...

The Corporate Affairs Commission (CAC) has extended the deadline for registration of all Point of Sale (PoS) Operators by additional sixty days to accommodate others who were not able to register due to technical glitches. The commission had earlier given a ...

  Fuel scarcity is gradually surfacing in Lagos and other parts of the country as private depot owners hiked the ex-depot price of petrol from N630 to N720 per litre. This came as fuel scarcity deepened in Abuja and the ...

  The Nigeria Civil Aviation Authority (NCAA) has suspended 10 private jet operators over their failure to commence recertification process. The Authority justified its action by citing the Nigeria Civil Aviation Regulations 2023 Part 18.3.4 which forbids holders of Permit for ...

  Actress Sarah Martins has cried out after reportedly spending N300,000 on electricity bills in just under a month in Lagos. Taking to her social media platform, the actress expressed her dismay at the exorbitant costs of electricity. She disclosed that ...

  The Nigeria Labour Congress has described as insensitive the latest electricity hike by DisCOS in tariff payable by Band A customers. The electricity distribution companies (DisCOS) had on Wednesday announced that the Nigerian Electricity Regulatory Commission approved the hike. They increased it ...

Fidelity Bank has announced plans to increase its issued share capital from N22.6bn to N26.7bn. The bank will achieve this by creating up to 8.2bn additional ordinary shares, each valued at 50 Kobo. This was disclosed in a corporate notice ...

  PalmPay has announced that all Point Of Sale operators using its platform must register with the Corporate Affairs Commission or submit their CAC certificates by July 7, 2024, to avoid account freezing. In a statement made available to The ...

Union Bank of Nigeria has promoted 337 employees across its various departments. The bank said that the promotion underscored its commitment to recognising and rewarding the hard work, dedication and outstanding contributions of its employees. A statement from the bank ...

The Managing Director/Chief Executive Officer of Wema Bank Plc, Moruf Oseni, speaks with TEMITOPE AINA on the lender’s journey as it turned 79 years recently. While delving into the journey of the past decade when the bank metamorphosed from a ...

  Coronation Insurance Plc has reported a profit after tax of N4.45bn for the first quarter of 2024, this represents a rebound from the N1.10bn loss in the first quarter of 2023. This was disclosed in its financial results filed ...

  The Chairman of Dangote Group, Aliko Dangote, has promised that the private sector will “invest heavily” in job-creating initiatives. He added that Nigeria’s economy can be turned around “within a few months” as the “issues are not that bad.” ...

  The Managing Director/Chief Executive Officer of FirstBank, Olusegun Alebiosu, has expressed a willingness to partner with the Lagos State government in the area of infrastructure development. Alebiosu said this when a led the management team to pay a courtesy ...

  NOVA Bank has officially commenced operations as a National Commercial Bank, as the bank opened its first commercial banking branch in the Victoria Island area of Lagos. The bank, formerly known as NOVA Merchant Bank, had received the Central ...

  Stanbic IBTC Bank, Citibank Nigeria and Rand Merchant Bank led the pack in the facilitation of US$1.09bn capital importation into Nigeria in the fourth quarter of 2023. According to the Nigeria Bureau of Statistics capital importation report for Q4 ...

  Wema Bank, the pioneer of Africa’s first fully digital bank, ALAT, has charged stakeholders to prioritise digital empowerment for MSMEs as a measure for championing a sustainable MSME ecosystem in Nigeria. The charge was made at the International MSMEs ...

  First City Monument Bank has embarked on an initiative aimed at expanding its support for small and medium-sized enterprises across Nigeria, following the signing of a $25m agreement with the Dutch Entrepreneurial Development Bank and the European Commission. This ...

  Some aggrieved youths of the Ijaw Youths Council, IYC, and Onuebum community, in Ogbia Local Government Area of Bayelsa State, on Tuesday barricaded the site of an oil well project in OPL 2005 located in the community. According to ...

  The Central Bank of Nigeria has warned against the continued rejection of old series and lower denominations of the United States of American dollars by its regulated entities in Nigeria. The bank threatened to sanction lenders that rejected the currencies. ...

In 2023 alone Nigerians spent a total of N16.5 trillion to buy diesel, petrol and generators to get electricity, the Federal Government announced on Tuesday It also announced that the formal power sector, including electricity generation, transmission, and distribution companies, ...