Business

There was a fire outbreak at the Lagos airport today Fire at Lagos Airport The E54 Bridge of Murtala Muhammed International Airport Terminal One suffered a fire outbreak in the early hours of this morning. Smoke was detected billowing from ...

FIRSTBANK EMERGES AS THE BEST PRIVATE BANK IN NIGERIA AND BEST PRIVATE BANK FOR SUSTAINABLE INVESTMENT IN AFRICA AT GLOBAL FINANCE AWARDS   Lagos, 25 April 2024 – First Bank of Nigeria Limited, West Africa’s premier financial institution and leading ...

Passengers on AirAsia flight QZ533 from Perth to Jakarta experienced panic when the plane lost power before takeoff. The incident happened on Anzac Day, leaving travellers crying and struggling to breathe.   Some passengers claimed that 17 people were offloaded ...

The Federal Government, through the Ministry of Solid Minerals Development, has revoked 924 dormant mineral licenses. The Minister of Solid Development Minerals, Dele Alake, disclosed this information at a press conference on Wednesday in Abuja. The revoked licences include 528 ...

The Nigerian Civil Aviation Authority has suspended the Air Operators Certificate of Dana Air. This came barely 24 hours after Dana Air plane coming from Abuja landed at the Lagos airport runway and veered off into a nearby field. Dana Air ...

  The Central Bank of Nigeria has resumed the sales of dollars to Bureau De Change operators. It disclosed this in a circular referenced TEM/FEM/PUB/001/013 uploaded to its website on Tuesday and signed by its Director, Trade and Exchange Department ...

  A businessman, known as AIS_Savita on an X post on Tuesday, lodged a complaint against Moniepoint Microfinance Bank, alleging the restriction of his account holding a credit balance of N700m. He called on the Central Bank of Nigeria and ...

  Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria four months after its last increment. The company reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024. ...

Nigerians have taken to social media to request for the permanent suspension of a student bullying her colleague at school in a surfaced video. A footage from the Lead British School has permeated into the public domain where a student ...

Robots are changing how warehouses operate, impacting jobs and efficiency. At an Ocado warehouse, robots swiftly fetch items for online orders, reducing the need for human workers. Other companies like Asda and Walmart are also investing in automation. At Ocado, ...

The Federal Competition and Consumer Protection Commission seals the Chinese supermarket situated around the China General Chamber of Commerce in Abuja, the nation’s capital. Officials of the FCCPC stormed the premises and shut the supermarket on Monday. The commission’s officials ...

The owner of an Abuja-based Chinese supermarket criticised for barring Nigerians and restricting entry to Chinese nationals has refuted claims that her store is only meant for a specific group of people.   She also clarified that her establishment is not ...

The National Agency for Food and Drugs Administration and Control (NAFDAC) has uncovered an illegal production of fake cosmetics at the Balogun Trade Fair Complex, Lagos State. NAFDAC in a post Monday on its X handle noted that its Investigation and ...

The Federal Government yesterday vowed to sell off the five electricity Distribution Companies (DisCos) as blackout persists. Minister of Power Adebayo Adelabu said banks and the Asset Management Company (AMCON), which have been managing these DisCos, having taken over because of ...

  The Ooni of Ife, Oba Adeyeye Ogunwusi, has launched two soft drinks, Tingo Cola and Tingo Electric Energy Drink. At the event recently, the monarch described the drinks as a dream come true, adding that the products would bring ...

  Nigerian Breweries aims to acquire an 80 per cent stake in Distell Wines & Spirits Nigeria Limited by the end of the first half of the year. The Managing Director/Chief Executive Officer of NB Plc, Hans Essaadi, revealed this ...

  First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. The bank stated this in a statement signed and made available to PUNCH Online by its acting company secretary, Adewale ...

  The naira depreciated in its value against the United States dollar to N1,234 at the official foreign exchange market on Monday, according to data obtained from the FMDQ securities exchange. The exchange rate means the naira fell by N65 ...

The Kenya Police Service has arrested fleeing Binance executive, Nadeem Anjarwalla, as the International Criminal Police Organisation moves to extradite him to Nigeria within the week. Government sources familiar with the case who spoke on condition of anonymity because they were ...

Netflix reported a big profit increase this year, partly because of cracking down on password sharing. They gained 9.3 million new subscribers, reaching almost 270 million in total. Their profits rose to over $2.3 billion in the first quarter. Revenue ...

  Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. The competition is scheduled to hold between 24th – 28th May ...

  -Declares a final dividend of 60kobo per share   Lagos, Nigeria, April 16, 2024: Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N ...

  Meghan Markle has started her new business venture, American Riviera Orchard, by sending out jars of strawberry jam to 50 influencers. Among them are fashion designer Tracy Robbins and Argentine socialite Delfina Balquier, who shared pictures of the jam ...

Tesla is planning to cut over 10% of its global workforce of 140,000 employees. CEO Elon Musk mentioned in an email to staff that these cuts are necessary for cost reductions and increasing productivity. Musk clarified that this reorganization is ...

Ex-Governor of Kaduna State, Malam Nasir El-Rufai, says fuel subsidy is back, but Nigerians are not aware. Fielding question from newsmen in Maiduguri , Borno State capital, on Monday, El-Rufai said the federal government is now paying more than before. ...