Business

Chinese Yuan and US Dollars The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 28 pips to 7.0974 against the dollar on Thursday. The China Foreign Exchange Trade System revealed this. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by …

British American Tobacco The Federal Competition and Consumer Protection Commission has slammed a $110m fine on British American Tobacco (Nigeria) Limited with respect to a range of infringements of the Federal Competition and Consumer Protection Act, National Tobacco Control Act and sundry legal instruments. The fine is contained in a …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, has rewarded 77 customers with cash prizes in the first quarterly and third monthly draws of its Reward4Saving 3.0 promo. Both draws took place at the Bank’s head office at Walter Carrington Crescent, Lagos. 70 customers won N100,000 each, while seven …

Zenith Bank Plc has been named the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Speaking on the recognition, the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, said, …

First Bank of Nigeria Limited has announced its sponsorship of Kakadu the Musical, a theatre production from the stables of Playhouse Initiative. The play, which is set to return to stage from 28 to 30 December 2023 at the Shell Hall, MUSON Centre, Lagos, is among the activities lined up in the 2023 …

It was another funfair heralding Christmas celebrations for high net-worth customers of digital solutions provider, Globacom, as the company on Friday presented business class return tickets to Europe (Lagos-Paris-London-Lagos) to winners in its Festival of Joy promo. This followed the draws held earlier where the names of five winners came up as …

…AMATO Wants FG to Introduce E-TAG to Eliminate Theft of E-Call Up Identity The Minister of Marine and Blue Economy, Adegboyega Isiaka Oyetola has promised to eliminate extortions of maritime truck drivers, illegal checkpoints, unapproved parking of trucks along the road among other vices causing traffic along the port access …

Abuja, Nigeria – [December 18, 2023] Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has reinforced its commitment to corporate governance with the appointment of the former Corporate Affairs Commission Registrar Alhaji Garba Abubakar. Hailed as one of the most reform-minded heads of agency in Nigeria during his time at CAC, Abubakar worked …

…Doles out N36m IN Super Savers Draw Yuletide: UBA Rewards Loyalty as 74 Customers Win over N36m in Super Savers Draw   In line with its usual custom of rewarding loyalty especially during the yuletide season, Africa’s Global Bank – United Bank for Africa (UBA) Plc- has rewarded its loyal …

Inaugural cohort convened in Abu Dhabi ahead of COP28 with support from The Rockefeller Foundation   Convening at CNN’s state-of-the-art hub in Abu Dhabi last week, 110 aspiring and emerging journalists from around the world engaged in a dynamic and immersive journalism simulation focused on climate reporting.   This unique …