Business

Recent statements attributed to the Honourable Minister of Works, Senator David Umahi, CON, during his visit to the Abuja-Kaduna-Zaria-Kano (AKR) Highway project site, and a wave of media reports ongoing have raised concerns. While we recognise and respect the Honourable Minister’s commitment to Nigeria’s infrastructure, it is imperative to clarify …

  The Petroleum Tanker Drivers (PTD) Branch of NUPENG has expressed profound sorrow over the tragic tanker explosion that occurred at Dikko Junction in Niger State, claiming several lives and many others injured as a result of deplorable roads infrastructure and strange attitudes of some citizens who were scooping the …

We wish to clarify that the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices. As crude remains the primary input in the production of PMS, any fluctuation in its international price inevitably impacts the cost …

An alleged Hacker, Sunday Ozimede, has invaded the vault of Moniepoint Microfinance Bank and swindled the bank of the whipping sum of N1,190, 728, 076 billion. The operatives of the Police Special Fraud Unit (PSFU), has however, arraigned the alleged hacker before a Federal High Court, Lagos, on charges bordering …

Sterling Bank Plc has lost a staggering N1.257 billion to an alleged five-man Internet fraudsters, have been arraigned before Justice Ambrose Lewis-Allagoa of a Federal High Court, Lagos, for allegedly hacking into the Sterling Bank Plc’s banking platform and Bance Application, and removed a whooping sum of N1, 257, 536, …

Abbey Mortgage Bank Plc has announced plans to hold an Extraordinary General Meeting (EGM) on Friday, January 24, 2025, to seek shareholder approval for key resolutions pivotal to its strategic transition into a regional commercial bank. This was contained in the company’s notice to the Nigerian Exchange Limited seen by …

The United Bank for Africa has told its customers in a special message that their debit cards may not work between 12:00am and 5:00 am on Sunday. In a message, the bank said that this could happen because of its scheduled routine maintenance on its card services. The bank said, …

The Asset Management Corporation of Nigeria (AMCON) has said it is determined to recover N227 billion debt from Arik Air. The Head, Corporate Communications of AMCON, Mr Jude Nwauzor, made this known during an interactive session with aviation correspondents on Friday in Lagos. According to him, AMCON’s plan to liquidate …

Another draw for more winners in the ongoing Glo Festival of Joy promo has been held in Abuja. This is in continuation of Globacom’s yearly plan to excite and reward its subscribers across the country. The draw, held on Friday at the Gloworld, Aminu Kano Crescent, Wuse, was grace by …

The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53 billion, …