Business
Three Shell companies in Nigeria, partners spent $42.2m on social investment in 2023
Three Shell companies in Nigeria, partners spent $42.2m on social investment in 2023 The three Shell companies in Nigeria and their partners spent...
Heritage Bank liquidation: NDIC spells out fund retrieval process for customers
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank and announced the fund retrieval process for customers. Persecondnews recalls...
Update: CBN revokes Heritage Bank’s operating license, appoints NDIC as liquidator
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect. The Acting Director of Corporate Communications...
Q1 2024: FBN holdings flaunts impressive performance, posts N238.53bln profit before tax
With its impressive performance as one of the oldest banks in Nigeria sustaining its fundamentals amid domestic and foreign challenges, FBN Holdings Plc...
Naira surges by 9.68% at the official window, closing at N1,339.33/$1
The Nigerian naira appreciated significantly against the US dollar on Monday, closing the day at N1,339.33/$1 in the official foreign exchange market. This...
UBA at 75: It’s testament to resilience, innovation, remarkable financial strength – GMD
In its 75 years of operation, the United Bank for Africa (UBA) has shown extraordinary financial strength and endurance, according to Oliver Alawuba,...
Breaking: Emirates Airlines to resume operations in Nigeria Oct. 1
Emirates Airlines says it plans to resume operations in Nigeria on October 1, the nation’s Independence Day. The airline confirmed this latest development...
Western Digital launches SanDisk Desk Drive
Western Digital has launched the SanDisk Desk Drive, the latest addition tonits portfolio of external desktop SSDs. This new storage device is designed...
List of five charges Nigerians pay for electronic transactions
Following the latest directives from the Central Bank of Nigeria (CBN) authorizing banks operating in the country to start charging a cybersecurity levy...
Zenith Bank shareholders approve bank’s restructuring to holding company
“The Founder and Chairman of Zenith Bank Plc, Jim Ovia, expressed his delight at witnessing the transition of the bank to a holding...
UBA increases stake in Kenya, Uganda subsidiaries, eyes East Africa market
Pan-African banking group, United Bank for Africa (UBA) says it has acquired more stakes in its Kenyan and Ugandan subsidiaries in the wake...
CBN sells fresh dollars to BDCs at N1,021/$ as naira loses steam
The Central Bank of Nigeria (CBN) has issued another circular to Bureau De Change (BDC) operators, informing them that direct sales of US...
Naira bullish gains restore confidence among investors, businesses – CBN Gov. Cardoso
The Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, said Naira bullish gains will attract foreign investment and restore confidence...
Pres. Tinubu commends Dangote Group over new gantry price of diesel
President Bola Tinubu has applauded Dangote Oil and Gas Limited for reducing the gantry price of Automotive Gas Oil, also known as diesel,...
Industry and Trade Minister promises Nigerian Breweries, business community enabling environment
The Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, has reaffirmed the Federal Government’s commitment to support Nigerian breweries and the larger...
Transcorp Power Plc grows topline by 57.03%, profit up by 75% in 2023 audited results
Transcorp Power Plc (Transcorp Power), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc (Transcorp Group), has reported gross...
