Business

The price of automotive gas oil, also known as diesel, has hit N625 per litre in some fuel stations. This is 4 percent higher than the N540/litre it sold last week — and about a 30 percent increase in the ...

    Ecobank Nigeria has entered into partnership agreement with Ogun State government to provide mortgage financing to interested civil servants who are allotees of the state’s housing scheme. Under the housing scheme, the Ogun State Government has developed an ...

Facility to strengthen FirstBank’s commitment to gender financing with US$30 million targeted to women-owned and led businesses Partnership will enhance funding to local SMEs to boost growth and promote financial and social inclusion across Nigeria The facility adds US$100 million ...

  As part of its commitment to inspire, connect and empower women to attain their full potentials, Nigeria’s leading financial institution, Access Bank Plc will be hosting a conference in commemoration of the annual International Women’s Day. The conference which ...

Producers of sachet and table water in Abeokuta, Ogun State capital have attributed the increase in prices of the product to high cost of production. The producers said that the price increase stemmed from the fall of naira against the ...

  Roman Abramovich has confirmed he will sell Chelsea after 19 years of ownership. The Russian billionaire has come under increasing pressure this week due to his alleged ties with Russian president Vladimir Putin amid the country’s invasion of Ukraine. ...

Two major U.S. manufacturers, Boeing and Ford Motor, suspended their business activities in Russia as the country escalated its war in Ukraine. Boeing said on Tuesday that it had halted major operations in its Moscow office and temporarily closed another ...

  Swiss billionaire Hansjorg Wyss says he has received an offer to buy Chelsea from Roman Abramovich alongside a group of several others. Abramovich has come under increasing pressure over the past week following Russia’s attack on Ukraine, with Labour ...

Adidas has suspends its partnership with Russian Football Federation. The sports equipment giants — Adidas said Tuesday they have suspended their partnership with the Russian Football Federation in the wake of Russia’s invasion of Ukraine. “Adidas is suspending its partnership ...

Meta Platforms, the parent company of Facebook, Instagram and WhatsApp has announced that it will bar Russian state media from running ads or monetising on its platforms anywhere in the world, the parent company of social media company Facebook said ...

  Manchester United have ended their deal with club sponsor Aeroflot as a result of the growing crisis in Ukraine. The club announced on Friday they had withdrawn the airline’s sponsorship rights following the Russian invasion of its neighbouring country. ...

A Federal High Court sitting in Kano, on Tuesday, declined to grant an interlocutory injunction sought by the Coca-Cola Company seeking to halt Pop Cola from further conducting its business pending the hearing and determination of the substantive suit. In ...

  Ecobank Nigeria has extended easy and low interest loans to market women in Idanre, Ondo State through its Ecobank Female Entrepreneurship Initiative (EFEI), to boost and expand their trading businesses. Unveiling the scheme at Owa’s Palace, Idanre, Head of ...

  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 ...