Business

  Financial services firm, OPay, has called on its customers to complete the regularisation of their accounts by linking their Bank Verification Numbers or their National Identity Numbers as mandated by the Central Bank of Nigeria. In a December 1 ...

The Nigerian Communications Commission has said telecommunication companies that fail to comply with the directive to block Subscriber Identity Module cards not linked to National Identification Numbers will face sanctions. The Director of Public Affairs, NCC, Reuben Mouka, told The PUNCH on ...

Kellogg’s CEO Gary Pilnick faces backlash, suggesting poor families opt for ‘cereal for dinner’ amid rising food prices Despite being worth nearly $16 million, Pilnick insists cereal is an affordable and trendy choice for struggling families. Addressing concerns about increased ...

The Federal Government has allegedly detained two senior executives of Binance, a crypto currency exchange company According to a report by Financial Times, both executives flew into Nigeria last week following a ban on their website and were arrested by ...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says himself and his team are not responsible for the current economic woes in the country He stated this on Tuesday in Abuja at the Monetary Policy Committee (MPC) ...

Mazi Simon Ekpa has announced that Biafrans have voted to establish Biafra digital currency, known as Biafracoin, amid the Naira crisis The Finnish-based lawyer, Ekpa, disclosed this on Wednesday in a statement through his official X handle. The adoption of ...

  Real estate firm, Wemabod, has completed the signing of its ‘Wemabod Financing SPV Limited N50bn Bond Issuance Programme’. Speaking at the signing ceremony, which was held in Lagos, the Chief Executive Officer of Wemabod, Yemi Ejidiran, said the funds ...

  The African Export-Import Bank on Wednesday, disclosed that it has become the largest financier of oil and gas projects in Africa. The bank disclosed investing $30bn in industry projects, with Nigeria receiving 60 per cent despite reduced global funding ...

  FBN Holdings has become the country’s most capitalised bank valued at N1.22tn, topping Guaranty Trust Holding Company and Zenith Bank. At the close of trading on Monday, GTCO’s market cap stood at N1.16tn, and Zenith Bank was N1.11tn. The ...

  The Katsina State Government via the State Governor, His Excellency, Dikko Radda, has aligned with The Alternative Bank’s mission to support rural economies through innovative financial solutions, tailored to empower local businesses and stimulate sustainable development across the state. ...

Kanye West has slammed Adidas for releasing new ‘fake’ Yeezys without his consent This is coming more than a year after the brand cut ties with the rapper over his anti-Semitic outbursts. West, 46, has accused Adidas of ‘trying to ra.pe your favorite ...

The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate by 400 basis points to a record 22.75% The CBN Governor, Olayemi Cardoso, disclosed this while reading the communiqué of the first MPC meeting of ...

World’s second-largest oil exporter, Russia has banned gasoline exports Russia bans gasoline exports to STABILISE price This will come to reality beginning from March 1 for six months. It has been approved by PM Mishustin. This aims to stabilize prices ...

  United Bank for Africa Plc has pledged to work with the Economic Community of West African States on implementing initiatives that will attract investment and sustainable development into the sub-region’s mining and oil sectors. According to a statement from ...

  Wema Bank has held its first physical Importer-Exporter Forum in Lagos to address issues impeding international trade in the country and proffer solutions tailored to facilitate seamless international trade operations. The forum themed ‘Building a Symbiotic Trade Ecosystem for ...

  The Central Bank of Nigeria has announced its decision to sell foreign exchange worth $20,000 to each eligible Bureau De Change operator across the country. This is coming more than two years after the suspended former CBN governor, Godwin ...

The Federal Capital Territory Command of the Nigeria Security and Civil Defence Corps, NSCDC, has arrested 51 suspected illegal miners and three telecommunication mast vandals The NSCDC FCT commandant, Olusola Odumosu, said this while briefing newsmen at the command’s headquarters. ...

DON JAZZY SELLS Mavin Records He sold it to Universal Music Group (UMG), one of the world’s largest music companies UMG announced its acquisition of the majority stake in Mavin Records. In a press statement on Monday, UMG said the agreement ...

The Nigeria Customs Service, on Monday, announced the suspension of the sale of foodstuffs following a stampede that reportedly killed seven persons at the NCS Old Zonal Headquarters in the Yaba area of Lagos State on Friday The Chief Superintendent ...

  The Alternative Bank, a member of the Sterling Financial Holdings Group, has announced the appointment of Korede Demola-Adeniyi as Executive Director of Sales (South). In a statement, the bank said Demola-Adeniyi would be bringing her wealth of expertise and ...

  Air Peace has said it will begin direct flight operations to London on March 30, 2024, with the inaugural flight scheduled for 12:10 am. The announcement was made during a prelaunch forum organised by the airline to engage travel ...

  The Federal Government has spent N177.4bn to offset payment of the wage award promised to civil servants in four months, according to Saturday PUNCH findings. The payment of wage awards to Nigerian workers was one of the deals agreed ...

Governor of Central Bank of Nigeria, CBN, Dr. Olayemi Cardoso, yesterday, begged Nigerians to be patient, as the management of the apex bank is doing everything possible to ensure that the Naira is strengthened Yemi Cardoso said this at the 2024 ...

  VFD Group Plc, a leading proprietary investment company committed to fostering growth across diverse industries in Africa, has embarked on an impactful Corporate Social Responsibility (CSR) initiative. In a collaborative effort with Narrative Landscape Press and GLG Communications, VFD Group ...

  In furtherance of its commitment to collect and recycle a bottle or can for each one introduced into the market for recycling or reuse by 2030, Nigerian Bottling Company Ltd recently inaugurated recycling banks in Lagos and Abuja. In ...