Business

A market woman selling the garri commodity way cheaper than others has incurred the fury of her colleagues who stormed her shop in a shouting match. This had happened at the Mandate market in Ilorin and a footage showing the traders berating her for spoiling their market is now viral …

Abike Dabiri-Erewa, chairperson of the Nigerians in Diaspora Commission (NiDCOM), has called for a lasting solution to the challenges of human trafficking in the country. Dabiri-Erewa spoke on Monday when she visited the Nigerian teenage girls trafficked for prostitution in Ghana. On Friday, some videos surfaced on X showing 10 teenage girls trafficked …

The Central Bank of Nigeria has revoked the banking licence of Heritage Bank Plc, effective immediately. This decision was made due to the bank’s failure to improve its financial performance, posing a threat to financial stability. The apex bank’s Acting Director of Corporate Communication Department, Sidi Ali, disclosed this in …

The Federal Government of Nigeria under the supervision of the Federal Ministry of Industry, Trade and Investment, is rolling out two initiatives – the Presidential Conditional Grant Programme & the Presidential Palliative Loan Programme.   The minister of Industry, Trade and Investment, Dr Nkiruka Uzoka-Anite said the programmes aim to …

The President assured the Qatari investors that reforms are ongoing to remove all the past encumbrances around the Nigerian business environment.   President Bola Tinubu has urged Qatari investors not to offer a bribe to any Nigerian government officials, as he restated his administration’s determination to fight corruption to the …

The Nigerian Breweries Plc recently announced an upward price change for its Stock-Keeping Units (STUs) with effect from February 19.     “In appreciation of our great partnership and your commitment, we will deliver at the current prices all open orders that are fully funded and created in our system …

The Federal government has said it cannot fold its arms and see the price of cement spiraled out of control.   Consequently, the Minister of Works, David Umahi has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development. According to a statement by …

Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.     The cryptocurrency has enjoyed a strong run-in recent month, fuelled by expectations US lawmakers would allow the …

Access Corporation, the parent company of Access Bank, Nigeria’s biggest bank by assets, has appointed Bolaji Agbede, an executive director at the company, interim CEO two days after the death of Herbert Wigwe. The appointment was confirmed in a statement by Access Holdings on Tuesday morning.   “The appointment of Agbede …

Herbert Wigwe, the co-founder of Access Bank and the founder, Wigwe University, has reportedly died in a helicopter crash in California, United States.   Wigwe was also the Chief Executive Officer, CEO, of Access Holdings, the parent company of Access Bank. He was reportedly on board the chopper with his …