Business

   Olieh Somtochukwu, an employee of a real estate firm in Anambra State, has become the first person to win N1 million in the Glo Jolly Win promotion. The promotion is being run in partnership with Tetragrammaton, NCC-licensed Nitroswitch, an aggregator company, and Tetragrammaton, a value-added service provider. Somtochukwu staked …

  …Presidential Committee on Flooding also donates N1bn   Chairman of Aliko Dangote Foundation (ADF) and Chairman, National Committee on Flood Relief and Rehabilitation, Mr. Aliko Dangote, has donated a whopping sum of one billion Naira to help assuage the pains of the Maiduguri flood victims in Borno State.   …

Pix from left Ahsem Al Tabba – Sales Support Manager, Emirates Holidays; Paulos Legesse – Country Manager, Nigeria; Muhammed Riza – Senior Regional Manager, Africa; Sian Navarro – Manager Commercial Products, Dubai Stop Over and Eghe Ekhator – Sales Manager, Abuja, all of Emirates during the hosting of travel trade …

Telecommunications company, Globacom, has launched WiFlix, an innovative service, which avails customers the opportunity to stream unlimited video content across different platforms. “The service gives access to 30,000 Hours of video content from Wanner Media, Dolby, Sony Pictures, Media Guru, Mimyuni Media, Content Box, Rushlake Media GmbH, SPI International, Echelon Studios, Vlogbox …

The Lagos Division of the High Court ruled that Union Bank’s sale of a deceased customer’s luxury property in Ikoyi over a N4 million loan “sparks of fraud, collusion and definitely does not show good faith.” Justice I.O Harrison, who delivered the judgement, ruled that Union Bank “acted recklessly” in …

Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross earnings represent a marginal increase from the N26 billion projected for Q3 2024, the …

Contrary to reports in a section of the media that the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has accepted Shell International Plc’s bid to sell its onshore assets to Renaissance in a transaction worth $1.3bn, investigations have revealed that the Commission has not approved the transaction.   There had been …

The Ajoke Ayisat Afolabi Foundation (AAAF) in partnership with Mrs. Folashade Afolabi, wife of Dr. Taiwo Afolabi, Chairman, SIFAX Group, has distributed bags of rice to 250 widows in Lagos. The donation was aimed at providing support to vulnerable households facing increased food prices and other economic challenges in the …

  Lotus Bank Limited has been hit by an insider fraud scandal allegedly involving over N336 million. Reports indicate that Abdulkarim Arome Mohammed, a staff member in the bank’s Financial Control Department, exploited his system privileges to defraud the bank of a total of N336,993,863.35. This incident comes just two …

The Nigerian National Petroleum Company (NNPC) Limited says it has signed an agreement with Chevron Nigeria Ltd (CNL), its joint venture (JV) partner, on the conversion of five oil mining lease (OMLs) into four petroleum prospecting licence (PPLs) and 26 petroleum mining lease (PMLs). In a statement by Femi Soneye, …