Business

FMDQ Securities Exchange has posted 13.66 per cent turnover growth in the Fixed Income and Currency (FIC) for the month of July. FMDQ in a monthly FIC report obtained by newsmen on Wednesday said a turnover of N18.72 trillion was…

Apple has become the first American company to be valued at $2 trillion. The company crossed the $2 trillion dollar mark on Wednesday after being the first in the world to cross the $1 trillion mark in August 2018. This makes the…

...Surcharge is economic sabotage, insensitive, says Shippers’ Council Tension is mounting at the nation’s sea ports where importers who are groaning under huge surcharge imposed on them by the…

Abdulrahman Bashir, the Chief Executive Officer of Rahamaniyya Oil and Gas Limited has been jailed in the United Kingdom. Justice Butcher of England and Wales High Court sentenced the…

Jeff Bezos, founder and CEO of Amazon, ended Tuesday with a record net worth of $197.8 billion, the highest fortune Forbes has recorded in nearly four decades of tracking billionaires. Amazon was the best-performing stock in the…

• Nigerians groan over failing ePayment channels • 70,000 ATM shortfall slows operations • Poor network, downtime deepen crises • Dispense errors in Nigeria highest globally • ATCON tasks banks on redundancy…

Africa’s leading e-commerce platform, Jumia recently announced its financial results for the quarter ended June 30, 2020 with the report showing significant progress on the path to…

Elon Musk, the CEO of Tesla and SpaceX, is now the 4th richest person in the world. The outspoken tech entrepreneur’s net worth has increased to $84.8 billion after gains nearly $8 billion ($7.78 billion) in a single day. In the process,…

The ongoing Dangote Cement Bag of Goodies Promo season 2 has produced 60 millionaires spread across the nation, thereby cushioning the effects and impact of COVID-19 on businesses…

Oil prices rose on Monday as China’s plans to ship in large volumes of U.S. crude in August and September outweighed concerns over a slowdown in demand amid the coronavirus pandemic and an…

THE Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry. Group…

It takes consistent effort, focus and discipline to grow from just being an entrepreneur with interest in a particular business to becoming a respected and renowned empire…

The Lagos State House of Assembly said a bill that will make operators of lottery, pools and betting in the state to pay N20 million as licence fees to the state government is underway.…

They always keep their words. Reasons people can't stop banking with them. Fidelity Bank, African most trusted bank is offering another financial management and freedom to…

Dwayne Johnson, an American-Canadian movie star better known by his ring name The Rock, has topped Forbes’ annual list of highest-paid Hollywood actors for the second year in a row. The…

Guaranty Trust Bank (GTB) has lowered the international spending limit on its naira Mastercard to $100 a month. This was contained in a notice sent to customers on Wednesday. This development affects online, POS and ATM activities…

Our attention has been drawn to widely circulating stories incorrectly stating that our Managing Director, during a recent presidential hearing in Abuja, testified that the bank mistakenly…

First City Monument Bank sustained new strengths in operations in the second quarter despite the challenges of the Covid-19 economic lockdown. The bank kept all the growth levers up…

AXA Mansard Insurance Plc has divested from its subsidiary, AXA Mansard Pensions Limited. The insurer has sold its stake in the company to Eustacia Limited (a member of the…

Twitter Inc has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app. According to Reuters, the talks…

The Central Bank of Nigeria (CBN) has asked commercial banks to share their customers’ data with financial technology (Fintech) companies to increase access to financial services and…

Facebook’s CEO has joined Amazon’s CEO, Jeff Bezos, and Microsoft’s founder Bill Gates, as the only people with centibillionaire status. According to the Bloomberg Billionaires Index…

Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a…

The total debt owed telecos through use of Unstructured Supplementary Service Data (USSD) by deposit money banks (DMBs) has risen to N17billion, The Nation has learnt. The telecoms operators and banks had…