Business

  Wema Bank grew profit by over 105 per cent to N23.36bn in 2023 from N11.35bn in the prior year. According to the lender’s unaudited financial statement filed with the Nigerian Exchange Limited on Tuesday, revenue rose by 61.36 per ...

At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, The PUNCH has learned. A source at the apex bank told our correspondent exclusively that the ...

  As part of its Corporate Social Responsibility (CSR) initiatives designed to empower Nigerian youths with quality education, leading financial institution, Fidelity Bank Plc, has launched a creative writing competition for secondary school students dubbed Read2Lead.   Themed Read2lead, the ...

  OPay, a Nigerian financial technology firm, has implemented various security measures to prevent financial fraud. The initiative was aimed at improving the platform’s security and protecting customers from fraudulent activities, the firm said in a statement. OPay said it ...

  The naira fell to an all-time low of N1348.63/$ on the Nigerian Autonomous Foreign Exchange Market on Monday. This signifies a 51.21 per cent fall from the N891.90/$ the national currency closed last Friday at the official market, according ...

  Signature Bank has announced the launch of two new branches in Umuahia and Aba in Abia State. According to a statement from the bank on Wednesday, the expansion marked a significant milestone for the bank, which is seeking to ...

  Non-interest banking services provider, TAJBank Limited, has collaborated with the Nigerian Postal Service on a new public-private partnership initiative on branch expansion. In a statement from the bank on Sunday, the partnership between the two organisations was formalised at ...

  The Central Bank of Nigeria says it has released $500m to various sectors in its determination to address the backlog of verified foreign exchange transactions. Its Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali, disclosed this in a statement ...

  Disposable vapes are set to be banned as part of plans to tackle the rising number of young people taking up vaping, the government says. Measures will also be introduced to prevent vapes being marketed at children and to ...

  First Bank has won the 2023 Euromoney Awards for Excellence. Announcing the award via an email to TALKA G. BLOG, the bank enthused: “We are thrilled to announce that FirstBank has been recognized by the Euromoney Awards for Excellence ...

  Access Pensions Limited, a subsidiary of Access Holdings, has acquired a majority stake in ARM Pensions Managers Limited. In a statement from Access Holdings on Saturday, the ‘no-objection’ of the National Pension Commission and the approval of the Federal ...

  Gains reported by insurance firms, Seplat Energy, JapaulGold and May& Baker Plc drove the market capitalization of the Nigerian Exchange up by N317bn, extending the bullish rally into its 12th day on Thursday.  The All-Share Index and the market ...

  FCMB Group has reported a 206.86 per cent increase in its profit for the financial year ended December 2023 to N95.52bn. This was revealed in the unaudited annual report and financial statements filed with the Nigerian Exchange Limited on Friday. ...

  UNILEVER Nigeria says it has stopped production and sale of home care and skin cleansing products — 10 months after the company announced plans to exit both markets. The company disclosed this in its unaudited interim financial statements for ...

  Turn up the heat on your love story this season with Adron Homes’s exclusive One Love Promo! This exclusive opportunity brings the prospect of owning your dream home and property one step closer for you and your significant other. ...

  A customer with Kuda Microfinance bank has raised an alarm over sudden disappearance of her money from her account without making any withdrawal. According to findings, the customer, a petty trader with the name Amajor Martha Marvelous lost her ...

  Lagos, Nigeria – January 22, 2024 – All is set for the 120th edition of the NPA Lagos International Polo Tournament sponsored by Guaranty Trust Holding Company Plc (GTCO). The expanded four-week long polo series will be held at ...

  Africa’s Global Bank, United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of Africa.The recognition of the bank’s outstanding performance reaffirms ...

  Standard and Poors (S&P), a global rating agency has affirmed its ‘B-/B’ long- and short-term issuer credit ratings on Ecobank Nigeria. This implies that the Bank currently has the capacity to meet its financial commitment on obligations despite the ...

The Nigerian National Petroleum Company Limited, NNPCL, says it has in the past one week uncovered no fewer than 83 illegal refineries in the Niger Delta   The NNPCL disclosed this on its X handle on Tuesday, as part of ...

Lagos State Consumer Protection Agency (LASCOPA) has warned residents particularly consumers of fried plantains popularly known as “Plantain Chips” over the unwholesome practices in the processing and frying of the plantain for sale This warning is coming on the heels ...

  A leading fintech company, OPay,  has highlighted its achievements in the year 2023 as it unveiled its plans to improve security on the platform, customer service and its corporate social responsibility in the New Year. In a statement released ...

  Investors in the Dangote Group shares on Tuesday gained N514bn following an announcement that the Dangote Refinery had commenced production. Investors have rushed to Nigerian Exchange Limited to purchase stocks by Dangote Group, an entity that is sensitive to ...

  Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank of Nigeria. The ...

Saluting Our Heroes: A Tribute on Armed Forces Remembrance Day from Adron Homes. Dear Valued Patriots On this solemn occasion of Armed Forces Remembrance Day,We All At Adron Homes extends our heartfelt gratitude and deep respect to the brave men ...