Unity Bank appoints Bashir, Obasanjo’s daughter chairman, director
Mr. Hafiz Mohammed Bashir has been chosen by Unity Bank Plc as the board of directors acting chairman. The board also named Halima Babangida and Iyabo Obasanjo as non-executive directors.…
FG to provide subsidies for solar power developers
The Rural Electrification Agency has revealed that the Federal Government intends to provide subsidies to developers of mini-grids powered by solar energy. The aim is to install these mini-grids at…
Georgia, UAE reach free-trade agreement after three rounds of meetings
In an effort to strengthen their economic connections, the UAE and Georgia have reached an agreement on a new trade deal that will lower tariffs and remove other barriers. Arab…
Meta launches paid IG, Facebook blue tick in US
Meta has on Friday announced the launch of its subscription service in the United States. The service will allow Facebook and Instagram users to pay for verification and obtain a…
MTN to merge Momo, Yello financial subsidiaries
Telecommunications company, MTN Nigeria, plans to merge two of its finance subsidiaries - Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. The Punch reported that this was…
SVB Financial seeks bankruptcy protection
SVB Financial Group has on Friday filed for Chapter 11 bankruptcy protection in order to reorganize and find potential buyers for its assets. This decision comes after its former subsidiary,…
China cuts bank reserve first time in 2023
China's central bank announced on Friday that it will reduce the amount of cash that banks must retain as reserves for the first time this year. The aim of the…
Hundreds of flights cancelled over German airport strike
German airport’s strikes over pay and work conditions have resulted in the cancellation of hundreds of flights on Friday. In addition to the most recent industrial action disrupting travel plans…
NCC to regulate data depletion for telecom consumers
The Nigerian Communication Commission stated on Thursday that it will take steps to regulate data depletion and make sure telecom consumers got their money's worth. According to NCC, Data depletion…
Weekly jobless claims in US drops below prediction
The number of Americans submitting new unemployment benefit claims dropped more than anticipated last week, indicating ongoing labor market strength in the country. The Labour department said on Thursday that,…
TLG Capital, OnePipe sign N2.25bn agreement to finance Nigerian SMEs
TLG Capital, a pan-African alternative investment firm today declared that it has teamed up with OnePipe to offer financial services to Nigeria's unorganized sector. The firm is giving N2.25 billion…
Investment bank Credit Suisse targets $50bn loan to stabilise finances
The financially distressed Credit Suisse says it would borrow up to 50 billion francs ($54 billion; £44.5 billion) from the Swiss central bank. According to the BBC, the lender declared…
