Business

Transcorp announces Q1 profit of ₦50.7bn despite revenue

  • 25th April 2026

ADVAN recognised for advancing marketing practice, societal impact

  • 25th April 2026

International Breweries posts ₦40.31bn pre-tax profit in Q1

  • 25th April 2026
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over

  • 25th April 2026

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Resident doctors suspend strike as FG reverses allowance cut

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Transcorp announces Q1 profit of ₦50.7bn despite revenue dip

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UBA’s gross earnings hit ₦3tr

Banking
UBA begins $6bn project to support African SMEs

UBA’s 2025 profit slumps 47% on ₦331bn loan losses

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FAAN shuts Lagos airport runway for eight weeks
Aviation

  Kazeem Owoseni   The Federal Airport Authority has announced to the general public that runway 18R/36L of the Muritala Muhammed International Airport in Lagos, has been closed. This was contained in a notification twitted on the organisation’s verified Twitter handle, this morning. According to the notice, the runway was closed, to carry out some […]

Charcoal
Business

Group to enlighten charcoal producers on tree planting

The National Charcoal Producers, Dealers and Exporters Association of Nigeria plans a consultative meeting with government agencies to enlighten charcoal stakeholders on the importance of afforestation, known as tree planting. The association disclosed this on Sunday in a statement accessed by the News Agency of Nigeria in Abuja. The National President of the association, Mr […]

Silicon Valley Bank
Business

Silicon Valley Bank failed over rising interest rate – Report 

A tech-heavy lender, Silicon Valley Bank, was closed down on March 10, 2023 and taken over by United States regulators owing to rising interest rates and others. SVB is popularly known to be a financial partner of the innovation economy. Before its closure on Friday, it supports individuals, investors and tech-innovative companies to achieve scaling […]

The old 500 and 1000 naira noted
Business

Oyebanji urges Ekiti businesses to accept old notes

Ekiti State Governor, Biodun Oyebanji, has urged residents of the state to continue to accept the old naira notes as they are legal tenders following the Supreme Court judgment of its validity till December 2023. The Punch reported that Oyebanji implored business owners to keep abiding by the law and order of the state in […]

Many gathered to protest against pension reform
Business

French pension protests enter day seven

France workers have on Saturday set out to protest against President Emmanuel Macron’s pension reform plans, the seventh movement since its announcement. This is happening alongside the ongoing strike in the nation affecting refineries, public transport and the collection of garbage, Reuters reported. It was reported that the protest started at 10 a.m in the […]

NCC, Telecom operators urge states to review policies for broadband expansion
Business

Telcos lost 12 million subscribers in 2021 over NIN-SIM linkage 

Telecommunication companies lost a total of 12 million internet subscribers in 2021 owing to the policy of  National Identification Number and SIM linkage.   This was according to the Nigerian Communications Commission in its latest report released on Friday titled, “2021 subscriber/network data annual report.”   The report revealed that internet subscribers in 2021 declined […]

Silicon Valley Bank
Uncategorized

Regulators shut, put Silicon Valley Bank for sale

California banking regulators have on Friday closed down Silicon Valley Bank Financial Group, making it the largest bank failure since the financial crisis. According to Reuters, the regulatory body immediately made moves to protect depositors at the startup-focused lender. The Federal Deposit Insurance Corporation was appointed receiver by the regulator, placing the tech-heavy lender into […]

FG, AfDB discuss Coastal, trans-sahara highway projects funding
Banking

AfDB launches $5.9m financial support program for Africa

In order to strengthen the collaboration between African nations in the battle against illicit financial flows, the African Development Bank has announced the beginning of the African Financial Integrity and Accountability Support Project. The Coalition for Debate on Africa and the AfDB will join to launch the project with a $5.9 million project, according to […]

Controversy as Seplat disputes ExxonMobil deal cancellation
Business

Seplat Energy boss Brown resigns after court order

The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from his job following the court’s order restraining him from running the organisation for seven days. A statement signed by the Chairman of the board of Seplat, Basil Omiyi, on Friday, reveealed that Brown has  given authority to the Chief Operating Officer, […]

KEDCO laments low revenue generation
Electricity

KEDCO laments low revenue generation

The Kebbi Central Area Office of Kaduna Electricity Distribution Company has voiced concern for collecting less than 27% of its monthly revenue target. The manager of the Kebbi Central Area Office, Ishaq Ishaq-Gwamna, made this announcement on Thursday while speaking with reporters in his Birnin Kebbi office. The journalists were there to get clarification on a variety […]

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