Business

  Anticipation builds as Wema Bank clocks 80 in 8 days. All roads lead to Lagos on May 2nd 2025, when Wema Bank, Nigeria’s oldest indigenous bank, leading innovative bank and pioneer of Africa’s first fully digital bank, ALAT, will ...

  The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that a forensic audit of the Nigerian National Petroleum Company Limited will begin soon. Edun revealed this at the ongoing Nigerian Investor Forum, held alongside ...

  The Federal High Court in Abuja has approved the request of the Economic and Financial Crimes Commission to arrest and detain six promoters of Crypto Bridge Exchange over an alleged investment fraud amounting to over $1 billion. Justice Emeka ...

  Users of older mobile phones will no longer be able to access WhatsApp from May 5, 2025, as the messaging platform phases out support for select devices This move is part of Meta’s ongoing efforts to maintain security and ...

  Mikano Motors, a subsidiary of Mikano International Limited has rewarded the winner of the 45th Miss Nigeria, Doris Ogah, with Changan Eado Plus Luxury Sedan The official handover ceremony was held  in Lagos at the main office of the ...

  Africa’s Global Bank, United Bank for Africa, has unveiled an upgrade to its Point of Sale Terminal and its UBA MONI App to strengthen the digital payment landscape and empower small and medium-scale enterprises. In a statement on Sunday, ...

  The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local government councils, with a total of N1.578tn shared as March 2025 revenue. This marks the third consecutive monthly drop ...

  Corporate and investment bank Rand Merchant Bank Nigeria Limited has been recognised by DealMakers AFRICA for its lead advisory role in the exit of CardinalStone Partners from iFitness to Verod Capital Management. In a statement on Sunday, the firm ...

  Amidst an ongoing price war between players in the nation’s downstream oil sector, fresh investigations have revealed that the landing cost of imported Premium Motor Spirit (petrol) dropped to N853 per litre on Tuesday. This comes as marketers secured ...

  As the world battles a global crude price crash, Nigeria’s average daily crude output has fallen again in March, threatening the nation’s budget. According to data released by the Nigerian Upstream Petroleum Regulatory Commission, the daily crude production figure ...

  Air Peace has put its plans for U.S. routes on hold as it focuses on expanding and strengthening its operations on the London route. Speaking on the airline’s current strategy, Head of Corporate Communications Ejike Ndiulo emphasised the importance ...

  In celebration of its centennial, Delta Air Lines has concluded plans to reopen what it called a Delta Flight Museum on April 7. The US-based airline said the newly renovated museum showcases the airline’s rich history, emphasising its culture ...

  Air passengers are protesting incessant loss or delay in the arrival of their language in local and international airlines across the country’s airports in 2024. A recently released executive summary by the Nigeria Civil Aviation Authority of both international ...

  As the battle to control market share in the downstream sector rages on, no fewer than 70 tank farm owners have been compelled to cease operations in the past two years, leaving their facilities abandoned and idle as retailers ...

  Parallex Bank has reiterated its commitment to promoting a savings culture among Nigerians through various initiatives and products designed to encourage financial prudence. This was disclosed by Preye Ojeme, Head of the Public Sector Department at the Parallex Bank ...

  The Ministry of Foreign Affairs on Wednesday, announced the launch of Air Algérie’s inaugural direct flight service from Algiers to Abuja, set to begin on April 6, 2025. This is said to strengthen the diplomatic and economic ties between ...

  President Bola Tinubu on Wednesday removed Mele Kyari as the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited and appointed Bashir Bayo Ojulari as his replacement, effective April 2, 2025. The President also dissolved the company’s ...

  INJUNCTION AND STAY OF EXECUTION CARGO REMAINS UNDER ARREST   In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the ...

  Oil marketers under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria have rejected the decision by the Dangote Petroleum Refinery to sell refined petroleum products in dollars. PETROAN urged the Federal Government not to allow ...

  Electricity consumers paid a total of N509.84bn in the fourth quarter of 2024 despite enduring five grid collapses within the same period, The PUNCH reports. The Nigerian Electricity Regulatory Commission said in a report that there were three incidents ...

  The Federal Government said it is taking necessary steps to offset the N4.7tn debt owed to power generation companies to avert a possible nationwide blackout. This came as stakeholders expressed fears that some power generation companies might be forced ...

  WEMA BANK GIVES OUT N11,000,000 TO 131 WOMEN …Commemorates women’s month through its 5 for 5 Promo Reinforcing its reputation as a pro-women and inclusion-driven bank, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital ...

  We have been made aware of a recent publication by Thisday Newspaper, Arise Television and a video circulating, regarding a court case filed by a customer, Dr. Agbai Eke, against FirstBank. We can affirm that the allegations of fraud ...

    By Tosin Ajayi   Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest and most distinguished financial institution, has once again solidified its reputation as a leader in the banking industry. The ...

  Nigeria and Jamaica are in talks to establish a direct flight route as part of efforts to enhance their Bilateral Air Services Agreement (BASA). This was revealed in a statement on Wednesday by Tunde Moshood, Special Adviser on Media ...