Category Business

FirstBank has provided support for 600 women affected by Vesicovaginal Fistula in Jigawa and Plateau States to undergo surgery and provided aftercare kits for them. A statement from the bank on Sunday indicated that this was done as part of…

The Chief Executive Officer of Welbeck Electricity Distribution, Afolabi Aiyela, has reached out to partner with the Federal Government to improve power supply in the country’s industrial clusters and free zones. Aiyela proposed the partnership during a recent meeting with…

The foreign exchange turnover in July stood at N11.48tn ($7.39bn) at the official trading window for the Nigerian currency, which was higher than the N10.01tn that was traded in the previous month. This was disclosed in the financial markets monthly…

The Federal Government has declared that the Nigerian National Petroleum Company Limited does not have the funds required to rebuild old pipelines. The Minister of State for Petroleum Resources, (Oil), Heineken Lokpobiri, stated this at the just concluded Energy and…

Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission and the Central Bank of Nigeria for the launch of its custody business operations in the country. In a statement from the bank on Sunday, the Ecobank Group…

There are indications that the Federal Government’s committee which was set up to ensure the implementation of crude oil sales to local refineries in naira will further discuss the pricing of Premium Motor Spirit, popularly called petrol, to be released…

Stakeholders at the sixth non-oil seminar organised by the First City Monument Bank have called for urgent and bold actions to transform Nigeria’s non-oil sector into the primary driver of economic growth. The seminar, which was themed, ‘Refocusing Nigeria’s Economic…

The Nigerian equity market suffered a N815bn loss last week, driven mainly by bearish trading activities on Monday and Thursday. The NGX All-Share Index dipped 1.16 per cent and market capitalisation was down 0.004 per cent, closing the week at…

Determined to make freight services easier, a technology shipping platform in Nigeria, Topship, has introduced a door-to-door freight service for imported cargoes. In a statement on Thursday, the company said that with the introduction of the platform, it has become…

The Securities and Exchange Commission has encouraged investors to take advantage of the revamped e-dividend portal to mandate their accounts, emphasising the platform’s security and user-friendliness. In a statement made available to our correspondent on Sunday, the SEC Director General,…