Business

·                   Revolutionises Remittances with PAPSS Instant Payment Service Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced that its Artificial Intelligence chatbot, LEO is now enabled to carry out cross-border payment transactions. By this, LEO becomes Africa’s first AI-powered chatbot to facilitate cross-border payments, offering customers a seamless and …

To boost rice production in the country, Dangote Rice Limited, a subsidiary of Dangote Industries Limited yesterday in Lagos signed a purchase and sale agreement with Niger State Government owned Niger Foods Security Systems and Logistics Company Limited on steady supply of Paddy rice. Dangote Rice and Niger Foods are …

Stanbic IBTC Bank, a member of Standard Bank Group, has once again reinforced its leadership in Nigeria’s financial services sector with two prestigious wins at the Euromoney Awards for Excellence 2025. The Bank was named Nigeria’s Best Bank for Securities Services and Nigeria’s Best Bank for SMEs, reflecting its commitment to delivering exceptional financial …

Telecommunications company, Globacom, has said its customers will henceforth enjoy device protection as it partners Nigeria’s leading technology solutions enabler, Cubecover. The Device Protection service which is an industry first in Nigeria will avail both new and existing Glo subscribers protection of their mobile devices against screen and water damage for a small premium, …

…Bemoans dumping of adulterated fuel into Africa   President/Chief Executive, Dangote Industries Limited, (DIL), Aliko Dangote, has appealed to African leaders to take deliberate steps—just as the U.S., Canada, and the EU have done—to protect domestic producers from unfair competition, for the continent to experience real growth and development. Speaking …

Small and Medium Enterprises (SMEs) have been encouraged to adopt digital tools to enhance their operations and drive sustainable growth. This call was made during the Fidelity SME Empowerment Program 2025, held on Wednesday, July 23, 2025, at the bank’s dedicated SME Hub in Gbagada, Lagos. The event, which drew a …

As part of its unwavering commitment to digitally transform Nigeria’s small and medium-scale enterprises (SMEs), leading financial institution Fidelity Bank is set to empower entrepreneurs across the country with cutting-edge digital tools designed to streamline operations, boost productivity, and drive sustainable growth. Through the Fidelity SME Empowerment Program (FSEP), the …

EFCC gave a reason for withdrawing the charges against Oba Otudeko The Federal High Court in Ikoyi, Lagos, on Wednesday struck out the N12.3 billion fraud charge filed by the Economic and Financial Crimes Commission (EFCC) against the Chairman of Honeywell Group, Oba Otudeko, following the withdrawal of the case …

Credit ratings agency Fitch Ratings has downgraded Ecobank Nigeria’s viability rating to ‘f’ from ‘ccc.’ A viability rating assesses a financial institution’s intrinsic creditworthiness, including its standalone strength and capacity to weather economic downturns. The downgrade of the viability rating to ‘f’ “reflects Fitch’s view that the bank has suffered …

The Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, has reaffirmed the Company’s commitment to dismantling structural bottlenecks hindering the realisation of a self-sufficient refining ecosystem in Africa. Ojulari disclosed this while delivering a keynote address titled “Building an African Refinery Hub” at the Global Community Insights …