Business

FirstBank Retains Top Spot as Nigeria’s Best Bank for ESG At 2025 Euromoney Awards

FirstBank, the West African premier financial institution and financial inclusion services provider, has emerged as Nigeria’s Best Bank for Environmental, Social, and Governance...

H1 2025: Transcorp Power Posts ₦77.6bn Profit, ₦11.25bn Dividend

Transcorp Power Plc (“Transcorp Power” or the “Company”), (NGX: TRANSPOWER), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc...

Aliko Dangote Bows Out: New Chairman Appointed for Dangote Cement

Aliko Dangote, the founder of Dangote Cement Plc, has retired as Chairman and Director of the Board, effective today, July 25, 2025. The...

CBN Retains Interest Rate at 27.5% Amid Global Uncertainties

The Central Bank of Nigeria (CBN) has retained its benchmark interest rate, the Monetary Policy Rate (MPR), at 27.5 percent, citing underlying pressure...

Nigeria’s Inflation Rate Declines for Third Consecutive Month to 22.22% in June 2025

Nigeria’s headline inflation rate has eased for the third consecutive month, declining to 22.22% in June 2025 from 22.97% in May. According to...

UBA Seeks to Raise N157bln through Rights Issue

United Bank for Africa Plc has announced plans to raise over N157 billion through a rights issue, according to a notice on Wednesday...

FirstBank Partners UN Global Compact to Unlock Capital for Sustainable Development

FirstBank, the premier financial institution in West Africa and a key provider of financial inclusion services, has reinforced its collaboration with the United...

UBA Celebrates Decade of Digital Innovation with VERiCASH, Rewards Loyal Customers

Africa’s Global Bank, United Bank for Africa (UBA) Plc, is celebrating a decade of impactful digital transformation through its strategic partnership with leading...

UBA Enables International Transactions on Naira Cards

United Bank for Africa (UBA) has announced the resumption of international transactions on its naira cards. According to a recent notice to customers,...

FirstBank Unveils Advanced Facial Biometric Technology on FirstMobile

FirstBank, the West Africa premier financial institution and financial inclusion services provider has launched an advanced facial biometric technology on its mobile banking...

Nigeria Ramps Up $16bln Investment Drive in Oil and Gas Sector

By Joycelyn Ellakeche Adah The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant strides in attracting fresh investments into the nation’s oil...

Nigeria’s Inflation Rate Edges Down to 22.97% – NBS 

Nigeria’s inflation rate saw a slight dip in May 2025, reaching 22.97% showing a 0.74% decrease from the April 2025 rate of 23.71%....

World Bank: Global Economy Slumps to Weakest Performance in Years, Excluding Recessions

The World Bank’s latest Global Economic Prospects report has warned that global growth is projected to decelerate this year to its slowest rate...

NCC New Rule: Bank Customers to Pay USSD Charges Using Airtime

The Nigerian Communications Commission (NCC) has mandated that Deposit Money Banks (DMBs) will now deduct charges for Unstructured Supplementary Service Data (USSD) transactions...

FirstBank Achieves New Feat: N1Bln Disbursed in One Day Through Agent Credit Scheme

By Tosin Ajayi In a significant milestone by the nation’s pioneer financial institution, FirstBank has disbursed N1 billion in a single day to...

FirstBank’s Temporary Overdraft Product Boosts Businesses, Secures Retail Dominance

By Tosin Ajayi As a strategic lifeline to empower businesses with swift, flexible cash flow support that can significantly empower business owners, allowing...