Business

Telecommunication operators may soon begin to charge bank customers’ airtime or data for Unstructured Supplementary Service Data transactions, The PUNCH has learnt. This was due to a proposal from a Central Bank of…

Foreign airlines, yesterday, pushed back on the recent upward review of Rate of Exchange (RoE) and attendant spike in the cost of international air travel, saying…

Mastercard, in partnership with First City Monument Bank (FCMB) and NetPlusDotCom (NetPOS), has launched a contactless payment solution that enables consumers,…

THERE were indications, yesterday, that Dangote Petroleum Refinery has the capacity to supply adequate petroleum products — gasoline, diesel, kerosene and aviation jet — to consumers in Nigeria. In the Facts Sheet,…

HH Capital Limited, a Company founded by the Board Chairman of UBA Plc Mr. Tony Elumelu has acquired additional 70…

FCMB Group Plc has announced its financial results for the first quarter of 2023, demonstrating the continued success of its digital banking initiatives across…

Many households and restaurants across the country are now resorting to tomato pastes and other available alternatives for their cooking as the price of fresh tomatoes has gone beyond the reach of many Nigerians, Daily…

The Central Bank of Nigeria (CBN) has given banks and other financial institutions a 30-day timeline to close accounts without Bank Verification (BVN). Data from the Nigeria…

Shareholders of Guaranty Trust Holding Company (GTCO) Plc, have endorsed the payment of a total dividend of N91.236 billion, representing N3.10…

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has received yet another recognition as she…

Telecommunications Operators in Nigeria say they have been granted approval by the Nigerian Communications Commission (NCC) to disconnect banks over N120 billion Unstructured Supplementary Service Data (USSD) debt. This…

AbdulWasiu Sowami, chairman of Ardova Plc, has completed the acquisition of the oil company from Femi Otedola, Nigeria’s billionaire business mogul. The chairman has also settled a $19 million arbitration ruled in favour…

Telecoms group, MTN, has said that it is planning to increase prices in selected markets due to the elevated inflation in the operating environment. This was disclosed in its first quarter report filed with the…

Ride hailing app, Uber, has unveiled plans to introduce flight booking features for users. An announcement released via the company’s website on Thursday revealed that the feature will launch first in the United Kingdom “this…

Aggrieved aspirants in the race for the seat of Senate President in the 10th National Assembly on Thursday threatened to disobey the micro-zoning arrangement adopted by the ruling All Progressives Congress. The…

A federal high court in Abuja has ordered the suspension of Roger Brown, chief executive officer (CEO) of Seplat Energy, pending the determination of motion on notice, filed by three aggrieved shareholders. Basil…

Elon Musk, on Thursday, said that he has hired a new Chief Executive Officer to replace him as the Twitter boss and its newly named X Corporation parent. He revealed this on his official Twitter handle on Thursday…

International airfares on Nigeria routes to various global destinations have skyrocketed again as the International Air Transport Association’s exchange rate for ticket sales has risen by 37.5 per cent above the official…

Billionaire investor and chairman of United Bank for Africa (UBA), Tony Elumelu, has consolidated his…

The majority shareholder of Geregu Power Plc, Femi Otedola, has sold over 2.8 million units of his shares in the power generation company, The PUNCH has learnt. According to a corporate filing on the Nigerian Exchange…

The Chairman of the Dangote Group, Aliko Dangote, has flayed the Nigeria Customs Service, Nigerian Ports Authority and the Nigerian Shippers’ Council for the congestion of the nation’s ports. Dangote slammed…

The Central Bank of Nigeria (CBN) has disbursed a total of N144 billion to exporters of semi and finished commodities as rebates in the…

The Nigerian Communications Commission (NCC) has approved a spectrum lease transaction between MTN Nigeria and Natcom Development and Investment Limited (NTEL). The deal…

Vice-President Yemi Osinbajo says Transcorp Power has been approved as the preferred bidder for the Abuja Electricity Distribution Company (AEDC).  He spoke on Tuesday at the commissioning of the Afam 3-fast power…