Business

  In furtherance of its appreciation of customers, whilst promoting the adoption of mobile payment solutions in the country, FirstBank is rewarding holders and customers of its branded Visa Gold card in its ongoing Visa Gold card. The promo which ...

Nigeria’s first fully digital bank, ALAT is set to unveil the third edition of Hackaholics (3.0) themed Building the Future, a pitch event where innovators and tech enthusiasts are welcome to pitch groundbreaking solutions to some fundamental societal challenges. The 2022 Hackaholics pitch event ...

Manchester United have stopped selling Mason Greenwood’s shirt online and Nike has announced a suspension to its working relationship with the forward following “disturbing allegations” made against the England international. The 20-year-old was suspended by United on Sunday, January 30 after ...

Over a hundred years since banks came into Nigeria, services rendered to small and medium scale businesses were limited to core banking services and transactions. However, those that cared to look further were able to stand the test of time, ...

  A Nigerian teenager, Prosperity Olorunfemi, has declared himself a millionaire at the age of 17. In a LinkedIn post, Olorunfemi, who runs a digital business said he came to the realisation after tracking his financial records. The teenager who ...

The Assets Management Corporation of Nigeria (AMCON) has assumed control of the Ibadan Electricity Distribution Company(IBEDC) Ltd over insolvency. The Chief Operating Officer (COO) Engineer John Ayodele confirmed the development in a memo to members of staff. Ayodele, in the ...

After eight months of decline, Nigeria’s headline inflation rate rose to 15.36 per cent in December 2021, from 15.50 per cent recorded in November. The Statistician-General of the Federation, Simon Harry, disclosed this on Monday during a press briefing at ...

The Lagos Chamber of Commerce & Industry (LCCI) has estimated that Nigerian businesses lost N10.72 trillion ($26.1billion) within 222 days President Muhammdu Buhari shut down Twitter operations across Nigeria. “In business terms, the cost of the seven-month shutdown of Twitter ...

The price of Automotive Gas Oil, also known as diesel, has increased further to N350 per litre in some filling stations in Lagos. The Punch had reported on October 7, 2021 that fuel marketers had increased diesel price to N320 ...

The Federal Government has said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this while reacting to the recent marginal drop in the cost of ...

  For centuries, there have been heated debates over the sources of economic growth in developing economies and why some countries reflect strong economic growth compared to others. The hypotheses have often centred around crude oil, agriculture, revenues, private capital, bubbling ...

Titan Trust Bank has announced a takeover of one of Nigeria’s oldest banks, Union Bank. Titan Trust Bank Limited, one of Nigeria’s newest commercial banks, which commenced operations in October 2019, is buying 89.39 per cent of the issued capital ...

Davido has announced the launch of his cryptocurrency, ‘Echoke social token.’ Davido made the announcement in a Twitter post expressing excitement about the social token. In the post, he noted that with his social token value created by fans to ...

Entrepreneur, Tania Omotayo, has called out a lady who used a fake alert to buy clothes worth N59k from her Abuja store. She called the lady out on Instagram, saying if she does not do the needful, her photos will ...

Governor Abubakar Sani-Bello of Niger State has banned the sale of motorcycles in the state. Secretary to the State Government, Ahmed Matane, said in a statement issued in Minna on Saturday that the ban resulted from incessant security challenges in ...

The value of cryptocurrency asset Bitcoin has fallen by seven per cent after China has announced plans to restrict cryptocurrency activities in the country further. “Virtual currency is a specific virtual commodity that is not issued by the monetary authority, ...

The price of ‘pure water’ could balloon from the present N20 to about N50 per sachet very soon, the Water Producers Association of Nigeria (WAPAN) has warned. National President of WAPAN, Eneri Odiri Jackson said the price could rise if the ...

The Indian government has set up a gold refinery in Ghana, owning 80 per cent of gold refined in the first five years. Local media reports that Ghana deputy minister of Land and Natural Resources, George Mireku Duker, made this ...

Kim Kardashian is making millions by the minute. On Tuesday, the 41-year-old shapewear mogul dropped her latest Skims collection, a collaboration with high-fashion brand Fendi, to much fanfare. Though there are still a scant few styles up for grabs, tons ...

A Nigerian man, Abuchi Nwaribeaku, was on Monday docked before a Magistrates’ Court in Lagos for allegedly producing fake Puma sportswear. Nwaribeaku, 36, a resident of Surulere in Lagos, is facing a two-count charge bordering on forgery and conspiracy. He, ...

Luxury apartments in the 21-story building that collapsed on Gerrard Road, Ikoyi, Lagos, were being sold for $5 million (N2.85 billion at the prevailing exchange rate of N570/$) per apartment, according to online listings. A flyer designed for the residential ...

Facebook has changed its name to Meta in a major rebrand as the social media giant faces an scrutiny over its business practices. The company said the new name would better “encompass” what it does now, a reference to its ...

The Central Bank of Nigeria says it will not bear any liability for any interruption, loss of revenue or loss of services arising from the use of the eNaira website. This is just as the eNaira speed wallet disappeared from ...

  The Federal Government has begun the process for the valuation of property belonging to several politically exposed persons, including the embattled former Minister of Petroleum Resources, Diezani Alison-Madueke. The Diezani property located in highbrow Banana Island Foreshore Estate, Ikoyi, ...

A pair of trainers worn by NBA superstar Michael Jordan early in his career have sold for nearly $1.5m, setting a record price at auction for game-worn footwear. The white leather shoes with the red Nike swoosh and soles were ...