Business

The Central Bank of Nigeria, CBN has withdrawn the circular directing banks and other financial institutions to implement the 0.5 per cent cyber security levy.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 ...

  Rite Foods Limited, under its Rite Recycle initiative, in collaboration with icreate, has announced the ‘iCreate Club Programme,’ an initiative campaign designed to educate children on the importance of recycling and its role in building a more sustainable world. ...

A Non-executive Director of FirstBank Nigeria Limited, Ebenezer Olufowose, has been appointed to succeed Tunde Hassan-Odukale as the chairman of the bank. According to a corporate filing on Thursday, the parent company of the bank, FBN Holdings informed the Nigerian ...

A Nigerian barber, who has the privilege of being Davido’s personal hair stylist, recently traveled to Dubai to give the popular singer a haircut. The barber shared a video of the experience on social media, showcasing his skills as he ...

The Economic and Financial Crimes Commission has read the Riot Act to foreign missions based in Nigeria, banning them from transacting in foreign currencies, and mandating the use of Naira in their financial businesses. The EFCC has also mandated Nigerian ...

The House of Representatives on Thursday, May 9, directed the Central Bank of Nigeria (CBN) to immediately halt the implementation of the cybercrime levy introduced by the apex bank in compliance with the provisions of the cybercrime Act. The House said the circular ...

The National Agency for Food and Drug Administration and Control (NAFDAC) has dismantled the operations of Mr. Chinedu Okafor, an illegal drinks manufacturer operating in the Badagry area of Lagos State. According to information provided by NAFDAC on its x handle, ...

Microsoft will be shutting down its Lagos centre Microsoft to shut down Lagos centre United States-based multinational technology giant, Microsoft, has considered closing one of the operations in Nigeria, known as African Development Centre located in Lagos. Microsoft’s ADC is located ...

  The Central Bank of Nigeria has directed banks to stop charges on cash deposits until September 30, 2024. The apex bank disclosed this in a circular dated May 6, 2024, signed by its Director of Banking Supervision, Adetona Adedeji. ...

  The Managing Director of United Bank for Africa, Oliver Alawuba, has said that sound governance, robust risk management, and financial strength spurred the banking group to triple-digit growth across key metrics in the first quarter of 2024. Alawuba said ...