Business

Stanbic IBTC Bank has successfully concluded its strategic participation at GTR West Africa 2025, reinforcing its commitment to advancing trade finance solutions and digital innovation across the region. The two-day conference, held at the Eko Convention Centre in Lagos on 24-25 April 2025, brought together over 400 delegates from more …

Socio-Economic Rights and Accountability Project (SERAP) has threatened to sue Mark Zuckerberg, Chairman and Chief Executive Officer, Meta Platforms Incorporated (Facebook) and his organisation if he fails to “immediately pay the $220 million fine imposed on Meta by the Federal Competition and Consumer Protection Commission (FCCPC). SERAP urged Mr. Zuckerberg …

The Competition and Consumer Protection Tribunal has upheld the $220 million fine levied against Meta Platforms Inc. by the Federal Competition and Consumer Protection Commission (FCCPC). In a statement released Friday, FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, confirmed the ruling and noted that the tribunal also awarded the commission …

…Tasks him to drive Investment and job creations in emerging economies The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging …

Stanbic IBTC Bank, a leading financial institution committed to driving economic growth in Nigeria and beyond, has announced its strategic sponsorship of GTR West Africa 2025, the region’s premier annual gathering for trade finance, supply chain, and export financing experts. The event, which is set to take place on April …

The Kano Electricity Distribution Company (KEDCO) says power supply to customers under its coverage has reduced due to “critical network upgrades”. KEDCO announced while denying claims that customers receive two hours of daily electricity supply. On April 22, reports had suggested that electricity consumers in Kano, Katsina, and Jigawa states …

The National Pension Commission (PenCom) has announced the recovery of ₦1.58 billion from defaulting employers through enhanced enforcement efforts. This information was shared by the Director General of PenCom, Ms Omolola Oloworaran, on Wednesday in Kano during the First Run 2025 Consultative Forum for States and the Federal Capital Territory …

      Following the Central Bank of Nigeria’s directive to harmonize exchange rates and the subsequent spike in the dollar-to-naira rate—reaching over ₦1,600/$1 in official markets— Nigeria’s commercial banking, ride-hailing, and telecommunications sectors demonstrated media resilience in Q1 2025. This is the key insight from a comprehensive sentiment audit by P+ …

Ecobank Nigeria has announced a revision of its SMS notification charges, increasing the cost from N5 to N6 per message, effective May 1, 2025. Travel blogs The upward review, communicated to customers via SMS, is attributed to new tariff structures. In the official message to account holders, the bank stated: …

Union Bank of Nigeria Plc led by Yetunde Oni, is currently grappling with a massive N9.3 billion fraud following a significant operational system breach, THE WITNESS reports. The development comes exactly one year and three months after the Central Bank of Nigeria (CBN) sacked the bank’s board and entire management, …