Business

  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, ...

  In the fast-evolving world of digital banking, Nigeria stands on the brink of a financial revolution. As the global pandemic has accelerated digitalization, the need for accessible, efficient, and reliable financial services has never been more crucial. FirstCredit by ...

A popular tap-2-earn app, Tapswap, powered by TON Blockchain, has said the token allocation to users has been postponed to quarter three of the year. The app, which required users to repeatedly tap the icon in the centre of the Telegram ...

  Employees of Access Bank under the Retail Operations Group have donated boreholes to communities across Nigeria. This was disclosed at the inauguration of a borehole and water treatment facility donated to the Ogolonto Community in the Ikorodu area of ...

  Stanbic IBTC Bank has stated its desire to empower Nigerians to own homes through products and guidance from the banks. This was disclosed at the just-concluded Home Ownership Summit, where it championed the actualisation of homeownership dreams of Nigerians ...

  Bvndle, a customer engagement and loyalty platform, says it is set to redefine how Nigerians experience rewards and loyalty programmes. Designed with the modern consumer at its core, Bvndle addresses the frustrations often associated with traditional loyalty programmes, delivering ...

  Prudential Zenith Life Insurance has introduced the ‘Dream Big’ campaign that enables customers to secure their financial futures through insurance protection. According to the firm, the new campaign highlights two flagship products; ‘My Education Endowment’ and ‘The Savings Plan.’ ...

  The Nigeria Deposit Insurance Corporation has said that account name discrepancies on alternate accounts linked to the Bank Verification Number of some defunct Heritage Bank customers are delaying the payment of their insured deposits. The Managing Director of NDIC, ...

  The National Film and Video Censors Board (NFVCB) has said its not planning to arrest skit makers who release online content without approval. In a statement, the Executive Director Shaibu Husseini described the reports as “misleading”. The board clarified ...

Fidelity Bank has expressed a willingness to partner with other stakeholers to tackle the twin challenges of investment and support facing startups in Africa. This was disclosed at the Africa Technology Expo, which took place recently in Lagos. In her ...

  The Defence Headquarters says troops of Operation Delta Safe (OPDS) seized 9,225,149 litres of stolen crude oil and 2,874,916 litres of diesel and 31,380 litres of petrol in June. It also said troops on operations across the country killed ...

Nigerian Electricity Regulatory Commission has threatened to sanction distribution companies that failed to complete the migration of Token Identifier of Standard Transfer Specification Meters of their customers from Key Revision 1 to Key Revision 2 before July 31, 2024. The ...

In the past week, the Nigerian National Petroleum Company Limited said it uncovered another 165 illegal refineries in various locations across the Niger Delta. According to a NNPC documentary between June 15 and 21, about 400 incidents of oil theft ...