Business

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Tesla CEO Elon Musk has offloaded company shares worth $5 billion, days after setting off a Twitter poll — in which millions voted — asking whether he should sell 10 percent of his huge stake in the electric carmaker. The zany billionaire, the world’s richest man with a net worth of around $300 billion, sold […]

With a view to offering an affordable same-day delivery service that provides a cost-effective, on-demand, and no-contact delivery solution, Uber has launched ‘Uber Connect’ which leverages the agility of Uber’s platform to efficiently send parcels and goods from one consumer or small business to another in Lagos. According to business data platform, Statista, the e-commerce and […]

The Lagos Chamber of Commerce and Industry has commenced its 35th edition of the Lagos International Trade Fair today, Friday. The Opening Ceremony had Hon. Adeniyi Adebayo – Minister of Industry, Trade and Investment, Dr Lola Akande-Commissioner for Commerce, Industry and Cooperatives in Lagos State, and LCCI Vice President and Chairman, Trade Promotion Board, Mr. […]

MTN Group Limited has announced plans to offer for sale the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc. In a Statement on Thursday, MTN said it will offer 575 million shares in MTN Nigeria, which listed in Lagos in 2019. “Today we announce our intention to proceed with a public offer for sale […]

Nigerian Exchange Limited (NGX) hosted the sixth edition of its Market Data Workshop on Wednesday, 3 November 2021. This year’s event was held virtually in collaboration with Official Partners, Zenith Bank, Reliance Infosystems Limited, Infoware and MTN Nigeria; Gold Sponsor, CSCS Plc; and Corporate Sponsors, United Capital, NG Clearing, Cordros, Neulogic, Apel Asset Management and […]

A new survey by the International Monetary Fund (IMF) has revealed that Nigerian banks closed about 234 branches across the country in 2020 alone due to the economic and health crisis brought on by the outbreak of Coronavirus pandemic. The IMF released the results of the twelfth annual financial access survey for 2021. On a […]

Deposit Money Banks in Nigeria have issued a deadline of December 31, 2021 for the acceptance of old £20 and £50 notes to enable proper conclusion of cash evacuation. One of the banks, Fidelity Bank Plc, disclosed this in an email to its customers on Wednesday titled ‘Withdrawal of old 20 and 50 GBP notes […]

First Bank of Nigeria Limited has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre. The Chief Executive Officer of FirstBank, Dr Adesola Adeduntan, in a statement said the digital experience centre would afford customers the opportunity to carry out various banking activities on their own without interacting with anyone. […]

The Nigerian National Petroleum Corporation has admitted that there are pricing issues at some petrol depots in the country but ruled out any hike in the pump price of the product. Newmen had reported on Tuesday that fuel queues resurfaces on Monday in the Federal Capital Territory, and some parts of Nasarawa and Niger states. […]

According to PUNCH newspaper, the Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20 various infractions, including the violation of foreign exchange market and anti-money laundering regulations. The banks are Guaranty Trust Holding Company Plc, United Bank for Africa Plc, Access Bank Plc, Stanbic IBTC […]


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