Business

  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 ...

  The FCMB Group has revealed that it would be seeking shareholders’ approval to raise about N150bn in additional capital. This was disclosed in its notice of its Annual General Meeting filed with the Nigerian Exchange Limited on Wednesday. This ...

Glasgow Clyde College is gearing up to school parents and careers on all things Taylor Swift. With her sold-out Eras Tour hitting Edinburgh’s Murrayfield Stadium, this masterclass aims to prep non-Swifties for the frenzy. Over 2.9 million fans scrambled for ...

Former President Obasanjo Visits Serial Businessman Tony Elumelu.. Former President Obasanjo reportedly visited serial businessman Tony Elumelu in his Office The reason for the visit is unknown.

The President of Dangote Industries Limited, Aliko Dangote, has said that the depreciation of the local currency was the company’s biggest challenge in 2023. He stated this on Tuesday during his remarks at the Annual General Meeting of Dangote Sugar Refinery ...

President Bola Ahmed Tinubu has arrived in London, England after he attended the World Economic Forum in Riyadh, Saudi Arabia, which was held from April 28-29. The President’s journey to London was unexpected, as his media adviser, Ajuri Ngelale, had ...

Founder and former Binance CEO, Changpeng Zhao has been sentenced to four months imprisonment. Zhao pleaded guilty in November 2023 to a money laundering charge. Zhao, who went by the nickname CZ, has also satisfied the requirement of him to ...

  The Nigeria Inter-Bank Settlement System has said that financial institutions lost about N17.67bn to fraud in 2023. This was disclosed in its Annual Fraud Landscape (January to December 2023) which was published on its website on Monday. NIBSS incorporated in 1993 provides a mechanism for same-day clearing and settlement ...

  Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of ...

  Ibom Airline has purchased and launched a new Airbus A220-300 into commercial service. The Akwa Ibom state-owned airline launched the plane into commercial service on Monday,, with flights from Uyo to Lagos. PUNCH gathered that the A220 with registration ...

  Digital telecommunications solutions provider, Globacom, has saluted Nigerian workers as the country observes this year’s edition of the International Workers’ Day. The company enjoined them to rededicate themselves to excellence so as to take Nigeria to the next level. ...