Business

Allen Onyema, chairman of Air Peace, has been charged ‘in a superseding indictment with obstruction of justice for submitting false documents to the government in an effort to end an investigation that resulted in earlier charges of bank fraud and money laundering.’ This was contained in a statement released on …

Nigerian Breweries Plc has extended the acceptance period for its ongoing Rights Issue from the original closing date of October 11, 2024, to October 18, 2024. The extension was approved by the Securities and Exchange Commission (SEC) and aims to accommodate the normal working days disrupted by public holidays during …

  Lagos, Nigeria – October 12, 2024 – FirstBank, Nigeria’s premier financial institution and leading provider of financial inclusion services, is proud to announce the 63rd edition of the FirstBank Lagos Amateur Open Golf Championship. This prestigious international golf tournament, held under the First@Sports initiative, reinforces FirstBank’s unwavering commitment to sports development …

Rema, a multi-award winning Afrobeats singer and composer from Nigeria, stops by CNN International’s studios this week for African Voices Changemakers, a magazine programme sponsored by Globacom. He discovered his talent through performances in church and at his secondary school, Ighile Group of Schools in Edo State. The 24-year-old celebrity …

  As the world celebrates the invaluable contributions of teachers on World Teachers’ Day, Wema Bank proudly joins this global recognition by launching the #MyTeacherMyHero Challenge to honor and reward exceptional educators in Nigeria. This initiative aligns with the bank’s commitment to the theme, “Valuing Teacher Voices: Towards a New …

Zenith Bank, one of Nigeria’s foremost financial institutions, has successfully restored full operational services across its electronic transaction channels, ensuring that customers can now enjoy seamless access to digital banking services. This restoration follows temporary disruptions caused by a routine upgrade of the bank’s technology infrastructure, which aimed to optimize …

Shares of GSK (GSK.L) surged by as much as 6.5 per cent on Thursday following the announcement of a $2.2bn settlement related to U.S. lawsuits alleging that its discontinued heartburn medication, Zantac, caused cancer. The settlement, disclosed on Wednesday, was significantly lower than anticipated, with JP Morgan previously estimating a …

Ecobank Transnational Incorporated (ETI) has successfully priced its $400m 10.125 per cent notes, which are set to mature on October 15, 2029. Interest payments on the notes will be made semi-annually, on April 15 and October 15 each year, with the first payment commencing on April 15, 2025. This information …

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has said the hike on the price of petrol could lead to higher transportation costs, exacerbate inflation and severely impact small and medium-sized businesses. Mr Dele Oye, National President, NACCIMA, made this known in a statement on Wednesday …

To increase access to sustainable finance in Nigeria, Canada’s Development Finance Institution, FinDev Canada, provides a loan of up to US$ 40 million to Stanbic IBTC. This loan to Stanbic IBTC, a member of Standard Bank Group, Africa’s largest bank by assets, paves the way to a long-term partnership in the …