Business

…To set up Situation room in Abuja A coalition of Civil Society Organizations (CSO) at the weekend said it would set up a situation room to monitor the compliance of the Nigeria National Petroleum Corporation Limited (NNPCL) to the presidential directive to sell crude oil to Dangote Refinery in Naira …

Contrary to the reports making the rounds by some online news blogs that Omolola Oloworaran, the newly appointed acting director-general of the National Pension Commission (PenCom), was sacked by First Bank of Nigeria, her former employee, findings revealed that it is fake news. Some news blogs had reported that Mrs. …

The Nigerian private sector moved back into contraction  territory in July as steep price pressures hit demand and  resulted in renewed reductions in both business activity  and new orders. Input costs and selling prices continued  to rise rapidly, although there were some signs that efforts  to secure sales resulted in …

Due to the availability of online banking, certain banks have seen a growth in their digital channels Semrush data shows that the UBA is ranked number one, with 2.36 million visits in June 2024. In June, Paystack customers accounted for 2.23 million visits, making them the second-highest visitors. Some banks …

Students across tertiary institutions in the country under the aegis of National Association of Nigerian Students (NANS) have passed a vote of confidence on the Dangote Refinery describing the recent demarketing of the world’s largest single train refinery by the Nigeria National Petroleum Corporation Limited (NNPCL) as the greatest disservice …

Total digital solutions company, Globacom, has launched the Glo Health Insurance package, an affordable micro-health insurance plan, offered in collaboration with AXA Mansard Health Insurance to provide access to limited health care for its subscribers. The Glo Health Insurance utilizes the advantages of Glo mobile network to provide simple, easy and …

The Nigerian Airspace Management Agency (NAMA) said the fleet of Arik Air has been grounded over the enforcement of the court judgment of $2.5m owed by the airline to Atlas Petroleum International Ltd. NAMA in a statement on Tuesday said the judgment was enforced by the enforcement department of the …

  Zenith Bank Plc is set to raise N290 billion through a combination of a Rights Issue and a Public Offer in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN). This announcement was made during the Zenith Bank Rights …

In another round of Stanbic IBTC Reward4Saving 3.0 promo draws, 70 customers have been rewarded with cash prizes of ₦100,000 each. 10 winners were selected from seven zones during the 10th monthly draw held at the Bank’s head office in Victoria Island, Lagos.   The ongoing Reward4Saving Promo has so …

Stanbic IBTC, a member of Standard Bank Group, marked a significant milestone in its pledge to foster Nigeria’s academic talent through its annual University Scholarship Programme. In a vibrant hybrid award ceremony held on Friday, 26 July 2024, the organization celebrated the achievements of 200 young scholars who have demonstrated …