Business
Northern governors mourn businessman Alhaji Aminu Dantata

Kano business icon Aminu Dantata dies at 94

  • 28th June 2025

China bans non-certified power banks on flights

  • 28th June 2025
Meta splits AI division to accelerate product development

Facebook seeks access to users pictures for AI

  • 28th June 2025

Kogi eyes transformation of mining hub, bags 15

  • 28th June 2025

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Google prepares iOS launch for YouTube Create 

Google prepares iOS launch for YouTube Create 

News
Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025

GTBank to close branches early nationwide on June 30

News

Afreximbank appoints George Elombi as next president

Business
Northern governors mourn businessman Alhaji Aminu Dantata

Kano business icon Aminu Dantata dies at 94

Business

Tag: News

Texas bans Pornhub over rights infringement
News

Texas bans Pornhub over rights infringement

In the ongoing clash between adult content platforms and Texas legislators, Pornhub ceased operations in the state on Friday, citing infringement of adults’ rights to access protected speech by a state law. The dispute stems from a 2023 Texas law requiring pornography websites to implement age-verification measures and display health warnings. After the 5th Circuit […]

Bolt cracks down on fake ride requests in Nigeria, South Africa
Tech

Bolt expands into Zimbabwe

Estonian e-taxi company, Bolt has expanded its services in Harare, Zimbabwe. As part of the move, Bolt is waiving commissions from drivers for at least six months as part of its launch strategy, a similar approach employed during the platform’s introduction in Zambia. Unlike its standard 18% commission in countries like Kenya, Bolt has opted […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema Bank profit rises by 105%

Wema Bank’s profit increased by more than 105 percent to N23.36 billion in 2023, from N11.35 billion the previous year. The PUNCH reported that according to the lender’s unaudited financial statement submitted with the Nigerian Exchange Limited on Tuesday, revenue increased by 61.36 per cent to N181.87 billion. Net interest income climbed to N83.11 billion […]

IMF lowers 2024 growth projections for Nigeria
Economy

IMF lowers 2024 growth projections for Nigeria

The International Monetary Fund reduced its October prediction of 3.1% for Nigeria’s GDP growth in 2024 to 3.0, which is a 0.1% reduction. The IMF made this known in its updated World Economic Outlook for 2024 and 2025. The analysis predicts that Sub-Saharan Africa’s GDP will expand by 3.8% in 2024 and 4.1% in 2025, […]

Pension funds climb by 22% to N18tn - NAICOM
News

Pension funds climb by 22% to N18tn – NAICOM

The total assets under the Contributory Pension Scheme hit N18.36 trillion by the end of 2023, according to National Pension Commission data. The PUNCH reported that PenCom’s unaudited report on pension funds sector portfolio for the period ended December 2023; Approved Existing Schemes, Closed Pension Fund Administrators and RSA funds (including unremitted contributions @CBN & […]

Transportation

Nigeria Railways records 103% rise in Q3 2023 income

The Nigeria Railway Corporation generated around N1.895 billion in income from passenger and cargo transportation in the third quarter of 2023. The Times reported that this marks a 103.1% increase over the N933 million reported in the equivalent quarter of 2022. This is according to the most recent NBS Rail travel data for July, August, and […]

FCMB raises ₦147.5bn in oversubscribed public offer
Banking

FCMB increases earnings by 207% to N95bn

FCMB Group has recorded a 206.86 per cent increase in profit for the fiscal year ending December 2023 to N95.52 billion. According to The PUNCH, this was revealed in the unaudited annual report and financial accounts submitted to the Nigerian Exchange Limited on Friday. FCMB’s profit was enhanced by gains in interest and discount revenue of […]

Business featured

10 unbelievable things Nigeria imports

Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of a burgeoning population. This global phenomenon underscores the essential nature of importation in sustaining economies. Importation is the process of transporting goods and products across international borders, contributing to the exchange of resources […]

FCMB raises ₦147.5bn in oversubscribed public offer
Banking

FCMB reports gross earnings of N516.8bn in 2023

FCMB Group Plc has released its unaudited annual report and financial statements for fiscal year 2023. The Times reported that the group’s gross earnings for the year was N516.8 billion, up 82.6% from FY 2022. The firm enjoyed improved interest revenue, with a net interest income of N177.42 billion in 2023, up 45.4% from 2022. It also […]

Moniepoint records 5.2bn transactions in 2023
Tech

Moniepoint records 5.2bn transactions in 2023

Nigeria’s payments startup Moniepoint ended 2023 with 5.2 billion transactions over its online, mobile, card, and in-person payment channels, averaging 433 million transactions each month, according to TechCabal. The transactions totaled more than $150 billion in value. Compared to 2022, when the startup did 1.7 billion transactions valued at over $100 billion, that is a […]

Salesforce acquires Informatica in $8bn deal
Tech

Salesforce cuts workforce by 700

Salesforce is reducing its workforce by approximately 700 positions, accounting for about 1% of its global employee base, as per a Friday report by the Wall Street Journal. Despite this reduction, Salesforce currently has around 1,000 vacancies across various departments, suggesting that this move might be a strategic realignment of its human resources, as indicated […]

Tech

PayPal launches AI-powered products

PayPal on Thursday, announced the launch of innovative products powered by artificial intelligence, including a streamlined one-click checkout feature. This marks the first significant initiative under the leadership of Alex Chriss as CEO, who joined the company in September. These new offerings highlight the ongoing trend of companies leveraging investor excitement around AI, a factor […]

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