Business

The Lagos State Environmental Protection Agency (LASEPA) on Sunday shut down Donald’s Lounge, located in Lekki Phase 1 and owned by celebrity Pascal Okechukwu, popularly known as Cubana Chief Priest, due to excessive noise pollution. The shutdown order was issued by the Commissioner for the Environment and Water Resources, Mr. …

The Federal Government has announced that the commencement of petroleum lifting from the Dangote Petroleum Refinery and Petrochemicals marks a return to industrialisation and local refining in Nigeria. This announcement came yesterday as a fleet of trucks from the Nigerian National Petroleum Corporation Limited (NNPCL), began transporting Premium Motor Spirit, …

Nigerian commercial banks lost a total of N42.6 billion to fraud and forgeries over the three months from April to June 2024. The Financial Institutions Training Centre (FITC) disclosed this in its Q2 2024 Fraud and Forgeries report, released on Saturday. The report, based on returns on fraud and forgery …

Google, Netflix, Facebook and other foreign companies operating in Nigeria paid N2.55tn in taxes to the Federal Government in the first six months of 2024. The amount represents an increase of 158.76 per cent from N985.27bn collected in the preceding period of 2023. The figure includes Company Income Tax and …

   Olieh Somtochukwu, an employee of a real estate firm in Anambra State, has become the first person to win N1 million in the Glo Jolly Win promotion. The promotion is being run in partnership with Tetragrammaton, NCC-licensed Nitroswitch, an aggregator company, and Tetragrammaton, a value-added service provider. Somtochukwu staked …

  …Presidential Committee on Flooding also donates N1bn   Chairman of Aliko Dangote Foundation (ADF) and Chairman, National Committee on Flood Relief and Rehabilitation, Mr. Aliko Dangote, has donated a whopping sum of one billion Naira to help assuage the pains of the Maiduguri flood victims in Borno State.   …

Pix from left Ahsem Al Tabba – Sales Support Manager, Emirates Holidays; Paulos Legesse – Country Manager, Nigeria; Muhammed Riza – Senior Regional Manager, Africa; Sian Navarro – Manager Commercial Products, Dubai Stop Over and Eghe Ekhator – Sales Manager, Abuja, all of Emirates during the hosting of travel trade …

Telecommunications company, Globacom, has launched WiFlix, an innovative service, which avails customers the opportunity to stream unlimited video content across different platforms. “The service gives access to 30,000 Hours of video content from Wanner Media, Dolby, Sony Pictures, Media Guru, Mimyuni Media, Content Box, Rushlake Media GmbH, SPI International, Echelon Studios, Vlogbox …

The Lagos Division of the High Court ruled that Union Bank’s sale of a deceased customer’s luxury property in Ikoyi over a N4 million loan “sparks of fraud, collusion and definitely does not show good faith.” Justice I.O Harrison, who delivered the judgement, ruled that Union Bank “acted recklessly” in …

Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross earnings represent a marginal increase from the N26 billion projected for Q3 2024, the …