The Nigerian stock market continued its positive momentum on Wednesday, recording a gain of ₦212 billion, marking the third consecutive bullish session of the week. Market capitalisation rose by 0.28 per cent, closing at ₦76.970 trillion compared to ₦76.758 trillion on Tuesday. Similarly, the All-Share Index (ASI) increased by 335.74 …
Read More »Court awards £1m damages against Union Bank over ‘illegal’ £130.7m deduction from NICON’s account
Union Bank of Nigeria is currently entangled in a legal battle after a Lagos State High Court nullified its deduction of £130,720,557.06 from the account of NICON Investment Limited over an alleged debt. Justice O. O. Abike-Fadipe nullified the bank’s action on the grounds that the deduction was made without …
Read More »From Glo comes 3 exciting digital products
Three innovative digital services have been launched by Globacom, Nigeria’s digital solutions and tech company. The products are aimed at rewarding, educating, and entertaining its customers. The new products—Animation World Promo, Sport Brain, and Treasure Spin—offer users dynamic experiences with chances to earn immediate rewards and come with content tailored …
Read More »Dangote Refinery reduces fuel price again, ex-depot price now N820 per litre
Dangote Refinery has again within a week interval reduced its ex-depot the price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately. It would be recalled that the company last week reduced its ex-depot price from N880 to N840 per litre. …
Read More »Stanbic IBTC Holdings Meets CBN Recapitalisation Requirements, Achieves 21.9% Oversubscription in Rights Issue
In a landmark achievement that highlights the steadfast confidence of its stakeholders, Stanbic IBTC Holdings has successfully met the Central Bank of Nigeria’s ambitious N200 billion recapitalisation requirements. This remarkable feat follows a highly successful Rights Issue, which raised an impressive N148.7 billion, garnering overwhelming support from existing shareholders.” The …
Read More »Zest: Revolutionizing Payment Solutions for African Businesses
In today’s digital economy, seamless payment experiences are no longer optional—they’re essential for business survival and growth. African enterprises are rapidly discovering that fragmented payment systems are a liability in an increasingly competitive marketplace. As e-commerce surges and mobile payment adoption rises across the continent, businesses are searching for unified …
Read More »AGII.NG LAUNCHES MASSIVE “BUY & WIN” AND “SUBSCRIBE & WIN” PROMOS WITH WEEKLY CASH PRIZES WORTH MILLIONS!
Empowering Customers and Vendors with Exciting Rewards and Unbeatable Opportunities from July 10th – September 30th, 2025 Nigeria’s leading indigenous e-commerce and tech-driven service platform, agii.ng, has announced the launch of a double-impact promotional campaign tagged “Buy & Win” and “Subscribe & Win”, offering Nigerians an exciting opportunity to win …
Read More »‘Safety Watch’, first real-time security monitoring app debuts in Nigeria
A new mobile application aimed at enhancing personal and community security has been launched in Nigeria. The app, named Safety Watch, is the country’s first real-time security monitoring platform, offering users access to live security alerts, location tracking, and instant crime reporting. The developers say Safety Watch is designed …
Read More »NESG-Stanbic IBTC Business Confidence Monitor: Easing Macroeconomic Pressures and Favorable Business Climate
The Business Confidence Monitor (BCM) is the flagship survey-based report of the Nigerian Economic Summit Group (NESG), supported by Stanbic IBTC. The report obtains qualitative information on the current business performance within the Nigerian economy and gauges expectations about overall economicactivities in the short term. It is anchored on business …
Read More »MultiChoice Fined N766m By FG Over Data Protection Violations
The Federal Government through the Nigeria Data Protection Commission (NDPC), has imposed a fine of N766,242,500 on MultiChoice Nigeria for violating the Nigeria Data Protection Act (NDP Act). NDPC alleged that Multichoice also breached subscriber privacy and illegal cross-border transfer of personal data. In a statement issued on Sunday by …
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