Business

Rasheed Muraina, a Lagos-based entrepreneur, has yet to receive a refund of N1,050,000 from Moniepoint, a Nigerian fintech company, after mistakenly sending the money to the wrong bank account on August 10. This is despite a court order sent to Moniepoint on November 10, directing it to refund the money …

  A Federal Capital Territory (FCT) high court has issued an order directing the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC) to freeze N7.15 billion linked to Parallex Bank Limited. The interim order, handed down by Justice Hauwa Gummi of the high court in Asokoro, …

    The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a …

  Tier-one lender, Fidelity Bank Plc, has reaffirmed its commitment to community development and educational empowerment with the donation of essential learning materials to schoolchildren in Makoko Community, Yaba, Lagos under its Fidelity Helping Hands Program (FHHP).   The outreach, which was facilitated by the bank’s Legal Services Division, saw …

  … Introduces Voice Banking, Tap and Pay and Uptime Prediction Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has launched the upgraded version of its flagship digital banking platform, ALAT by Wema. Designed as the next phase in digital banking, the upgraded …

The Nigeria Deposit Insurance Corporation (NDIC) has declared a second liquidation dividend of N24.3 billion for depositors of the defunct Heritage Bank Ltd., following continued recovery of the bank’s assets. The Central Bank of Nigeria (CBN) had revoked the banking licence of Heritage Bank on June 3, 2024, after which …

The federal government is expected to sign a formal agreement with the Academic Staff Union of Universities (ASUU) after weeks of negotiations. The development follows the government’s proposed 40 per cent salary increase for academic staff last month, which the union accepted. A circular from the Ministry of Education invited …

  The Independent Petroleum Marketers Association of Nigeria (IPMAN) has voiced strong opposition to the continued importation of Premium Motor Spirit (PMS) into the country. The association also distanced itself from reports suggesting that the surge in petrol imports in November 2025 was linked to a breakdown in supply arrangements …

The Chairman of Dangote Industries Limited (DIL), Aliko Dangote, through his legal representative, has filed a formal corruption petition against former Managing Director of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission (EFCC). This move follows the withdrawal of …

Unity Bank Plc has disbursed over N270 million in grants to young Nigerian entrepreneurs under its Youth Entrepreneurship Development Initiative: Corpreneurship Challenge, bringing the total number of beneficiaries since inception in 2019 to 608 corps members nationwide. The initiative, implemented in partnership with the National Youth Service Corps (NYSC) through …