Business

  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 ...

  Operatives from the Economic and Financial Crimes Commission on Tuesday reportedly arrested some h Bureau De Change operators at the popular Wuse Zone 4 market on Tuesday. This came as traders also said some BDC operators resisted the arrest ...

The Federal Government through the Corporate Affairs Commission has issued a two-month registration deadline to Point of Sales companies, to register their agents, merchants, and individuals with the commission in line with legal requirements and the directives of the Central ...

  Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from Zenith Heights, Zenith Bank Plc, Victoria Island, Lagos, on Friday, April 26, 2024. ...

World Day for Safety and Health, Adron Homes orchestrated a dynamic Fitness Hangout Event.   In celebration of this year’s World Day for Safety and Health, Adron Homes orchestrated a dynamic Fitness Hangout Event, firmly rooted in the principles of ...

President Bola Tinubu’s government is considering lifting the suspended telecom tax and other fiscal policies on Nigerians to secure a new loan of $750 million from the World Bank. According to a document published by the World Bank, the EMT ...

Nigeria Labour Congress and its Trade Union Congress of Nigeria counterpart have given the Nigerian Electricity Regulatory Commission till May 12 to withdraw the recent hike in electricity tariff or face unprecedented industrial action. The ultimatum was issued in a joint ...

The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to commence deducting a cybersecurity levy on all electronic transactions, effective May 20, 2024. This directive comes after a six-year delay since the initial directive was ...

The Federal Government, through the Securities and Exchange Commission, is set to delist the naira from all peer-to-peer crypto platforms as the government steps up efforts to tackle exchange rate manipulators and dollar racketeers The development came against the backdrop of ...

  Seven firms, including Dangote Sugar Refinery, Unilever Nig Plc and Nigerian Breweries have seen their combined workforce reduce by 1,281 between 2022 and 2023, according to findings by The PUNCH. This is according to an analysis of the firms’ ...

  The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday disclosed that the levy implementation would start two weeks from today. ...

The Central Bank of Nigeria on Monday directed all banks to commence charging a 0.5 per cent cybersecurity levy on all electronic transactions within the country The apex bank stated this in a circular signed by the Director, Payments System Management Department, ...

The Lagos State Government has shut 367 churches, mosques, night clubs and others over environmental violations in the last three months. Lagos SHUT 367 churches, mosques, hotels, others This was disclosed by the Commissioner for the Environment and Water Services, Tokunbo ...

The Federal Government has mandated all Chief Medical Directors (CMDs) and Medical Directors (MDs) of Federal Tertiary Hospitals to procure needles and syringes solely from NAFDAC-approved local manufacturers. The new directive is contained in a circular addressed to all CMDs ...

  The Oba of Lagos, Oba Rilwan Akiolu, has praised the Seaman’s Schnapps for its deep-seated respect for traditional institutions and continued dedication to preserving Nigeria’s cultural heritage. According to a statement, the monarch stated this when the Seaman’s Schnapps ...

  The total active mobile subscriptions in the country dipped by 5.4 million or 2.4 per cent, settling at 219 million in the first quarter of 2024, data obtained from the Nigerian Communications Commission has shown. In December 2023, the ...