Business

The Central Bank of Nigeria (CBN) has moved against commercial banks using foreign currency revaluation gains to either pay dividends or meet operating expenses. The CBN made the disclosure in a circular, BSD/DIR/PUB/LAB/017/003, addressing all banks in the country. The CBN had last year campaigned against the use of gain …

Internet providers in Nigeria have resorted to telecommunications company, Globacom as massive internet outages crippled other networks.  The incident was attributed to a damage to international undersea cables supplying the country with connectivity.  Glo 1, solely owned by Nigeria’s leading digital services company, Globacom, was not affected by the damage …

REDTV, United Bank for Africa’s Lifestyle and Entertainment channel, proudly announces the highly-anticipated launch of the second season of its hit show – ‘When are we getting married’. The captivating series, renowned for its unique blend of romance, humour, and real-life relationship dynamics, promises its teeming viewers an even more engaging …

  About 500 residents of Ijora community in Lagos have benefitted from free food items donated by SIFAX Group, a leading business conglomerate with business interests in maritime, aviation, oil & gas, financial services, and hospitality.   The donation is part of the activities to mark this year’s International Women’s …

. Ali Bello, Suleman refute EFCC’s allegations in amended charges There was confusion on Thursday at the Federal High Court in Abuja, following amended charges filed against Alli Bello and Daudu Suleiman, including the immediate past Governor of Kogi State, in which the Economic and Financial Crimes Commission claimed they …

Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, has officially broken ground on its first data centre in Lagos, Nigeria.   Nxtra by Airtel is set to be one of the largest networks of data centres in Africa, with …

  Stanbic IBTC, a leading financial service provider in Nigeria and a member of the Standard Bank Group, took a step towards enhancing education and fostering sustainable development in communities across Nigeria. The Group announced that it adopted four schools under its Adopt-a-School programme. The schools selected for adoption were …

In a significant display of corporate social responsibility, Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings and a leading pension fund administrator in Nigeria, has renovated the Yaba Psychiatric Hospital Ward MS/F3 in Lagos, which includes female and male wings, as well as offices for medical personnel and …

…OGUN GOVT GIVES KUDOS TO IBESE PLANT No fewer than 305 youths from the Dangote Cement Ibese plant’s 17 host communities have so far been trained and empowered with multi-million Naira start-up packs in different vocations since the commencement of operations by the Cement Company in Ibese, the Company management …

Nigerian lender, Unity Bank Plc is partnering with SkillPaddy in its  “Count Her In” tech Programme focused on empowering no fewer than 1000 female beneficiaries in Software Engineering Training. The IT skill development and empowerment initiative is intended to bridge talent supply gaps while providing individuals with the opportunity to meet their training goals …