News

Here are the seven top business stories you need to track this week — May 13 to May 17. APRIL INFLATION The Nigerian Bureau of Statistics (NBS) is expected to release the consumer price index […]

Shareholders of Zenith Bank Plc, at the 33rd Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Wednesday, 8 May 2024, approved the proposed final dividend payment of NGN3.50 per share, […]

The Corporate Affairs Commission (CAC) has given Nigeria’s 1.9 million PoS agents a deadline of two months to onboard and register its agents and merchants… The Corporate Affairs Commission (CAC) has given Nigeria’s 1.9 million […]

The Rivers State chapter of the All Progressives Congress (APC) has ordered its members in the state House of Assembly to commence impeachment process against Governor Siminalayi Fubara. APC’s impeachment call is coming barely 24 […]

Following the directive by the Central Bank of Nigeria (CBN) to financial institutions for the implementation of the cybersecurity levy on all electronic transactions, questions have been raised regarding the percentage that should be deducted […]

Afenifere is saddened that despite numerous complaints and objections, the Tinubu administration has refused to listen and review the 700 km Lagos-Calabar Coastal highway, but instead is rushing headlong into the project. The $13 billion […]

ABUJA — Against the backdrop of continued shortages and queues at petrol stations, pump prices are now settling at higher ranges across independent marketers and some major marketers. Vanguard findings in Lagos and Abuja also […]

The Securities and Exchange Commission (SEC) has announced plans to delist naira from all peer-to-peer (P2P) platforms. This was disclosed by Emomotimi Agama, SEC acting director general (DG), during a virtual meeting with Blockchain Industry […]

The naira depreciated further to N1,430 at the parallel section of the foreign exchange (FX) market on Monday. The FX rate represents a 4.38 percent drop from N1,370 traded on May 1. Speaking to TheCable […]

The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on electronic transfers. This is contained in a circular signed by Chibuzor Efobi, director of […]

Access Holdings Plc took a big advantage of its aggressive offshore expansion to build a balance sheet of N26.7 trillion in 2023 — the biggest asset expansion the bank holding company has seen in many […]

Cubana Chief Priest, the nightlife promoter, has arrived at the federal high court, Ikoyi, Lagos, for the continuation of his “naira abuse” trial. On April 16, the Economic and Financial Crimes Commission (EFCC) filed a […]

The Nigerian Electricity Regulatory Commission on Monday released an order on the Deregulation of Meter Prices for meters deployed under the Meter Asset Provider Scheme. It said the prices of meters were deregulated after Meter […]

The Joint Admissions and Matriculation Board, on Monday, released the results of the 2024 Unified Tertiary Matriculation Examination, showing that 1,402,490 candidates out of 1,842,464 failed to score 200 out of 400 marks. The number […]

The Nigerian National Petroleum Company Limited on Monday began offloading 240 million litres of Premium Motor Spirit, otherwise called petrol, as it stepped up efforts to tackle the worsening nationwide petrol scarcity. As the NNPCL […]

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says it does not have access to petroleum products. Queues resurfaced in fuel stations amid petrol scarcity, which led to an increase in transport costs. […]

A competition and consumer protection tribunal (CCPT) in Abuja has stopped Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on May 1. A three-member tribunal led by […]

The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the meter asset provider (MAP) scheme for end-user customers. This is contained in a circular issued by the commission on Monday. […]

ZENITH BANK HOLDCO STRUCTURE TRANSITION APPROVED BY SHAREHOLDERS Shareholders of Zenith Bank Plc unanimously approved the restructuring of the Bank to a holding company during a court-ordered Extraordinary General Meeting (EGM) held virtually from Zenith […]