Business

UBA reports impressive 39.6 percent growth in gross earnings for first half of 2024

The United Bank for Africa (UBA) has announced a remarkable 39.6 percent growth in gross earnings for the first half of 2024, increasing...

FirstBank CEO, Alebiosu, at UNGA ’79, harps on financial inclusion in poverty eradication

In an exclusive interview with Arise TV on the sidelines of the 79th United Nations General Assembly in New York, The CEO of...

For the umpteenth time, CBN raises interest rate by 50 basis points to 27.25%

For the fifth time, the Central Bank of Nigeria (CBN) has announced another increase in its Monetary Policy Rate (MPR), raising it to...

FirstBank Sponsors Maiden Edition of Nigerian Fintech Festival Event in Lagos

The inaugural edition of the Nigerian Fintech Festival, the biggest fintech festival in Nigeria, sponsored by FirstBank, West Africa premier financial institution and...

Coca-Cola to invest $1bln in Nigeria, Tinubu promises investors zero red tape, friendly financial system

Coca-Cola has pledged to invest $1 billion in Nigeria over the next five years, just as President Bola Tinubu reassured investors of his...

Nigeria’s inflation rate drops to 32.15% – NBS

Nigeria’s inflation rate has dropped to 32.15% in August from 33.40% in July 2024. The National Bureau of Statistics (NBS) reported this in...

CBN directs payment service providers to begin PoS transaction tracking

The Central Bank of Nigeria (CBN) has released a new directive to Payment Service Providers (PSPs), requiring them to comply with enhanced routing...

Nigeria’s cable market growth may surpass current N200bln value, says Zobis Cable Boss, Ezeobi

By Emmanuel Ndukuba, Awka Engr. John Ezeobi, the Chairman of Zobis Electrical Wires and Cable, has decried the activities of importers of substandard...

Heirs Insurance Group Appoints Ibrahim Puri And Sonny Iroche As Independent Non-Executive Directors

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance provider, has announced the appointment of Ibrahim Puri and Sonny Iroche as Independent Non-Executive Directors of...

ESG: FirstBank wins 2024 Euromoney Award for Nigeria’s best bank

FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s...

Netflix raises subscription fees in Nigeria, the second in three months

by Ramlat Ibrahim Netflix has again announced another tariff hike for its subscription plans in Nigeria, marking the second increase within three months....

Exciting prizes up for grabs with FirstBank Visa Gold and Visa Infinite Cards in 2024 summer campaign

First Bank, the West African premier financial institution and financial inclusion services provider, announces its continuous VISA Cross Border and Summer campaign in...

Transcorp Hotels achieve 188 percent growth in 2024 half year

Transcorp Hotels, the hospitality subsidiary of one of Africa’s leading listed conglomerates, Transnational Corporation Plc (Transcorp Group), posted a profit before tax of...

Why FG injected N1trn palliatives into manufacturing sector – Finance Minister Edun

The Federal Government has disclosed that a total sum of N1 trillion was injected into the manufacturing sector as palliatives in 2023. Mr....

Breaking: Again, CBN increases interest to 26.75 percent

The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), also known as the benchmark interest rate, by 50 basis...