Business

Dangote, MTN and others have lost around N1.7tn to naira depreciation Dangote Group, Nestle Nigeria and MTN Nigeria, alongside four of Nigeria’s most capitalised companies, lost N1.7tn to the depreciation of the naira in 2023. According to an analysis of ...

  Zenith Bank appoints Adaora Umeoji as first female CEO Zenith Bank Plc has announced the foremost banker, Dr. Adaora Umeoji as its new Group Managing Director and Chief Executive Officer. This appointment was disclosed on Tuesday, in a statement ...

South Africa’s rand weakened in early trade on Monday, at the start of a week that will include South African inflation figures and several major central bank rate decisions The rand traded at 18.8000 against the U.S. dollar, about 0.3% ...

Polaris Bank IWD Webinar: Guest Speakers Advocate Empowering Opportunities for Women. …as CEO, Kayode Lawal highlights the indispensable contributions of women to societal progress, economic development.   Lagos, Nigeria: March 18, 2024 – Polaris Bank’s International Women’s Day (IWD) webinar themed: ...

A dump site fire has razed a Sokoto market Dump site fire razes sokoto market, brand new motorcycles goneA section of Sokoto central market where motorcycles are sold has been razed by fire. It was learnt that the fire, which ...

  A real estate company, Pelican Valley Nigeria Limited, has installed industrial solar streetlights in all its estates in Ogun State. The Chief Executive Officer of Pelican Valley Nigeria Ltd, Dr Babatunde Adeyemo, in a statement, disclosed that at least ...

Nigerians may soon be importing yam for local consumption from China, the Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD), Ernest Umakihe, has said Umakihe stated this while speaking at a stakeholders workshop on repositioning yam as an ...

  FirstBank at 130: Enabling the Giants in Customers, Stakeholders By Bolaji Israel Like a fine wine, FirstBank has only improved with age, becoming more dynamic, innovative and trusted by the nation. This is a testament to the diligence and ...

Nike has unveiled the new away jersey for the Super Eagles of Nigeria It was unveiled today, Monday, March 18, 2024, ahead of AFCON 2025. Nike the global sports brand, on the company’s website shared the first look of the ...

Rotary International has allocated two million dollars to projects aimed at reducing child and maternal mortality in Nigeria over a three-year period. The President of the international group, Mr Gordon McInally, disclosed this during a community health engagement at LEA ...

  Wema Bank has stressed the need for inclusion and equity for women in the workplace and society. According to the Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, at the bank’s International Women’s Day event, all hands must ...

Access Holdings Plc inched up by 1.52 per cent on Thursday, a day after Aigboje Aig-Imoukhuede was appointed the chairman of the financial group. Access Holdings trading under the AccessCorp ticker on the Nigerian Exchange appreciated to N23.35 from N23 ...

  No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its current N25bn, according to a report by Ernst and Young. ...

  Fan Milk Plc has disclosed that it has entered into a strategic partnership with Obasanjo Farms Nigeria Limited to boost dairy production in the country. In a statement, the firm said the partnership was aimed at advancing dairy farming ...

  Dangote Cement has donated leather works starter packs to 30 beneficiaries of the 2023 community youths empowerment programme organised in partnership with Industrial Training Funds in Ogun State. The Director of Dangote Cement Plc, Ibese plant, Mr Nawabuddin Azad, ...

Justice James Omotosho of the Federal High Court in Abuja, on Friday, ordered the remand of the Managing Director and Chief Executive Officer, MD/CEO of Duport Midstream Company Limited, Dr Akintoye Akindele, at the Kuje prison in Abuja Akindele will ...

  Kyari also disclosed that the Warri refinery was almost ready too, while the refinery in Kaduna would be completed and ready to go into production in December this year   The Group Chief Executive Officer of the Nigerian National ...

  Three banks have projected a combined profit of N33.76bn for the second quarter of 2024. The financial institutions include FCMB Group, Sterling Financial Holding Company and non-interest bank, JaizBank, disclosed this in their second quarter projections filed with the ...

  Gaming platform, BetKing and fintech company, PalmPay, have unveiled a campaign to reward their customers, who are football fans. The ‘#PalmPayxBetKing Goals Galore’ campaign, launched on Wednesday, rewards dedicated football fans with exclusive discounts and promotions during the ongoing ...

  Telecom operator Globacom has launched its latest offering, Glo Korrect Predict Lottery Service, aiming to tap into the burgeoning sports prediction market valued at over $155bn globally by 2024. In a statement on Thursday, the telco said the football ...

  MTN Nigeria has said the network connectivity disruptions experienced by its customers were due to damage to an overseas undersea cable. The telecom operator disclosed this in a statement on Thursday. The PUNCH gathered that the glitch seemed to have ...

  The Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has joined forces with Ecobank Nigeria and Soto Gallery to host the +234Art Fair, a 10-day international exhibition intended as a springboard to promote Africa’s art and ...

  Ecobank Transnational Incorporated has announced that it has obtained a $250m loan facility to boost its liquidity buffers. According to a statement signed by the Group Chief Financial Officer, Ayo Adepoju, which was filed with the Nigerian Exchange Limited ...

  In a grand and impactful celebration of International Women’s Day 2024, Adron Homes went above and beyond to champion the cause of women’s empowerment and advocate for gender equality. The day was marked by a series of events aimed ...

  Dangote Cement, BUA Cement, Lafarge Africa, and other major producers recently agreed on a new price for a bag of cement. This followed negotiations with the federal government and threats to reopen borders for cement importation However, checks showed ...