Business

Guaranty Trust Bank (GTBank) has begun charging the ₦6.98 Unstructured Supplementary Service Data (USSD) fee directly from customers’ airtime balances, ending the practice of debiting bank accounts for the service. In text messages sent early Wednesday, the lender informed customers that the new billing model takes effect immediately. “Dear Customer, …

…Analysts say the initiative will reduce inflation and create jobs A recent initiative by the Dangote Petroleum Refinery, which includes the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecommunications companies, the aviation sector, and other large-scale users across the country, with free logistics support …

Samer Chedid, CEO of Nestlé Indonesia has been appointed CEO of Nestlé Central and West Africa (CWAR) replacing Mauricio Alarcón who has taken on a new role within the Nestlé group. A business leader with diverse experiences across Nestlé including Middle East, Asia, and Africa, Mr. Chedid is no stranger …

  Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central Bank of Nigeria “CBN” (Reference No. BSD/DIR/CON/LAB/018/008) concerning regulatory forbearance on Single Obligor Limit (SOL) and other credit facilities and wishes to provide the clarifications below to its esteemed shareholders, NGX Regulation Limited (NGX RegCo), …

  Lagos, Nigeria – June 16, 2025 – Our attention has been drawn to a publication on Sahara Reporters website titled, “Fidelity Bank MD Onyeali-Ikpe Confesses to Paying ₦5Billion To Avoid Police Detention Amid Over ₦19Billion Fraud Probe”.   We would like to categorically state this story is patently false …

Kevin Ugwuoke, Executive Director and Chief Risk Officer of Fidelity Bank Plc, has formally assumed office as President of the Chartered Risk Management Institute of Nigeria (CRMI). His leadership promises a reform-focused era anchored on policy advocacy, ethical standards, and digital innovation to deepen risk governance across sectors in the …

The Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) have said that the new minimum wage of N70,000 is a major step forward, even though the country is still battling inflation and low purchasing power. Speaking at a press briefing during the just-ended International Labour Conference in Geneva, …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, this June, invites women across Nigeria to experience a celebration like no other, Bloom Weekend 2025, a dynamic, immersive, and transformational event designed to empower women to break barriers, build legacies, and scale new heights. The event is scheduled to take place …

…Offer open to Marketers, Petrol Dealers, Manufacturers, Telecoms Firms, Aviation and other large users Dangote Petroleum Refinery is pleased to announce the commencement of a significant national initiative designed to transform Nigeria’s fuel distribution landscape. Effective 15th of August 2025, the Refinery will begin the distribution of Premium Motor Spirit …

Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group, has recorded a historic milestone with the arrival of IPSARION, the largest general cargo vessel ever handled at its terminal at the Tin Can Island Port, Lagos. IPSARION, a Malta-flagged bulk carrier with a length overall of 199.99 meters …