Business

The Nigerian National Petroleum Company Limited said it has discovered a total of 122 illegal oil refining sites across the Niger Delta region in the past week A documentary released by the company on Tuesday said 65 illegal pipeline connections ...

  Nigeria’s economy growing – Wale Edun The Nigerian economy is experiencing a positive growth rate of 2.99 percent surpassing the 2.3 percent growth seen in the first quarter of 2023. Minister of Finance and Coordinating Minister of the Economy, ...

The Minister of Agriculture and Food Security, Abubakar Kyari, says the scarcity of tomatoes being experienced in parts of Nigeria is caused by “severe infestation known as Tomato Ebola or Tomato Leaf Miner”. Many households reportedly resorted to tomato pastes and other ...

Tigran Gambaryan, the Binance Holdings Limited cryptocurrency firm’s executive standing trial alongside the company in Nigeria, is very ill and requires comprehensive medical attention to avoid his d3ath in Kuje prision where he is presently being held, his lawyers have ...

  FIRSTBANK PARTNERS WITH PROPARCO ON CLIMATE PERFORMANCE   First Bank of Nigeria Limited, in partnership with Proparco, a Development Finance Institution is mainstreaming climate initiatives into its business operations and strategy. This is aimed at achieving a holistic integration ...

  FIRSTBANK’S FIRSTADVANCE – FINANCIAL EMPOWERMENT FOR GOOD REASONS Ade is a hardworking father in Lagos. Recently, fate dealt him a heavy blow when his young son, Tunde, fell scarily ill. Tunde’s illness struck suddenly, sending shockwaves through Ade’s world. ...

The Central Bank of Nigeria (CBN) has raised the interest rate by 150 basis points, from 24.75% to 26.25%. This decision was made by the Monetary Policy Committee (MPC) to control Nigeria’s soaring inflation levels, which reached 33.69% in April ...

Officers of the Nigeria Army have reportedly shut Banex Plaza, a shopping complex located in the Wuse 2 area of the Federal Capital Territory, following attacks on some of its personnel over the weekend. Abuja shopping complex SHUT after assault on ...

 Canadian rapper, Drake, has suffered a significant gambling loss after betting $565,000 on Tyson Fury to defeat Oleksandr Usyk. This marks yet another substantial loss for Drake, who has previously lost large sums of money on sporting events. Usyk made ...

The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cyber security levy. The withdrawal of the circular was announced via a statement signed by Haruna Mustafa, Director, Financial Policy and ...

  FIRSTBANK, ROTARY EMPOWER 102 BENEFICIARIES WITH N20M START-UP KITS   The First Bank of Nigeria Limited, with Rotary Club International, District 9110, has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various ...

  The board of Airtel Africa has proposed a final dividend of $3.27 per share for the year ending March 2024. The telecoms giant will be paying $13.39bn dividend for the period under review, according to its audited annual reports ...

President Bola Tinubu on Monday issued a directive to all government ministries, departments and agencies to end the purchase of petrol-powered vehicles and go for compressed natural gas (CNG)-powered vehicles. Special Adviser to the President (Media & Publicity) Ajuri Ngelale, ...

  Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has partnered with Tillit MSME Microservices, to offer affordable healthcare solutions to small and medium-sized enterprises in Nigeria. A  statement from the bank said that the partnership was aimed at ...

The naira depreciated further on Monday against the US dollar in the foreign exchange market Naira exchanges at over N1,500 against dollar Data from the parallel market section and FMDQ showed further depreciation against the dollar today. At the parallel ...

  The Federal Government will next week hold a crucial meeting to address the demands by organised labour for the restoration of the power subsidy and the reversal of the hike in electricity tariff. The spokesperson for the Ministry of ...

Melinda Gates, the former wife of Microsoft’s founder has said she would step down as co-chair of the Bill & Melinda Gates Foundation from June 7. Melinda Gates resigns from Gates Foundation The 59-year-old revealed on Monday that she will ...

  The organised labour will on Monday (today) commence nationwide protests over the electricity tariff hike and removal of subsidy from the power sector by the Federal Government. The National Treasurer of the Nigeria Labour Congress, Olatunji Ambali and the ...

Hygiene brand, Dettol, has unveiled Super Eagles forward, Taiwo Awoniyi, as the new brand ambassador for one of its category products, Dettol Cool. The announcement was made at the official signing event held in Lagos recently, the brand stated in ...

  International Breweries Plc and Lagos Business School Sustainability Centre have collaborated on sustainable water management practices in the manufacturing industry. The collaboration between the two organisations resulted in a virtual forum with the theme ‘Water For Peace’, providing a ...

  The United Bank for Africa Plc has upgraded its mobile banking application, with a transaction dispute feature and other solutions to ease banking for customers. A statement from the bank on Thursday disclosed that the transaction dispute menu feature ...

  The Alternative Bank and TotalEnergies have partnered to bring vital banking services directly to underserved communities nationwide through their pioneering Branch in a Box initiative. A recent statement from the partners said that those mini-branches would be strategically located ...

  Access Bank and MasterCard have partnered to boost cross-border payments with a unified money movement solution, enabling businesses and consumers to send and receive international payments to and from over 150 countries. This was disclosed by the partners at ...

One of Nigeria’s oldest banks, Union Bank, has attained certifications in MSECB management system in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018. MSECB is a leading international provider of audit and certification services for management systems based on a wide ...

  CrusaderSterling Pensions Limited has disclosed that it settled N137bn as benefits contributors and retirees. The pension fund administrator said the settlements range from lump sum, death benefits, Enbloc, loss of job, equity release via mortgages, and other approved PenCom-regulated ...