Nigerian fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activities. At least four fintechs—Opay, Moniepoint, PalmPay, and Paga—have communicated this development to their customers on Friday. Last week, the Central Bank of Nigeria stopped major fintech firms like Kuda, Opay, PalmPay and ... Read More »

Grammy-winning singer Burna Boy has called off his much-anticipated concert at the Johan Cruyff Arena Stadium in Netherlands. Burna Boy’s concert was set to take place on June 9 but the cancellation comes as a result of the event organisers allegedly not fulfilling their end of the agreement. The music star broke the news tofans on Instagram. Read Also: Burna ... Read More »

Africa’s Global Bank, United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience. The event, which was held in a grand ceremony in Eko Hotel, Lagos on Thursday, was graced by esteemed ... Read More »

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In its Q1 2024 unaudited results, Transcorp reported significant year-on-year growth, with revenue rising to N88.6 billion from N32.4 billion in 2023, representing a 173% increase. The ... Read More »

The Federal Government has announced free passenger train ride for four days on the rehabilitated Port Harcourt to Aba railway. The Permanent Secretary, Ministry of Transport, Oloruntola Oluremi, said the free train ride would be from the 1-4 May. “There will be free train ride between Port-Harcourt and Aba on the 1st, 2nd, 3rd and 4th of May 2024. “The ... Read More »

President Bola Tinubu said on Tuesday, April 30, that he recently signed an Executive Order that to unlock about $10 billion in fresh investments in the nation’s oil and gas sector. Speaking at a opening of a two day retreat on economic transformation and development organised by the House of Representatives, the president said the development is expected to happen ... Read More »

There was tension on Monday night when gunmen invaded Bmuko, a community at Dutse Baupma in Bwari Area Council of the Federal Capital Territory (FCT) and kidnapped four residents. One of the residents of the community, an eyewitness, Isah, said the gunmen invaded the area around 11: 50 pm and headed to the residence of one Engineer Patrick, whose wife ... Read More »

Unity Bank Plc has engaged students from all the geopolitical zones of the federation as it facilitated financial literacy training in 15 schools as part of activities to mark the 2024 Global Money Week. The Financial Literacy Training was held as a strategy for driving financial inclusion of the Central Bank of Nigeria and Bankers Committee. Unity Bank’s Managing Director/Chief ... Read More »

The Nigerian Electricity Regulatory Commission (NERC) yesterday increased the price of a single phase meter from N58,661.69 to N81,975.16. Update Also, it increased the price of the three phase meter from N109,684.36 to N143,836.10. The adjustments are contained in a directive by the commission’s chairman, Sanusi Garba, and Commissioner Legal and Licensing Compliance, Dafe Akpeneye. It was titled: “The deregulation ... Read More »

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 Heights, Zenith Bank Plc, Victoria Island, Lagos, on Friday, April 26, 2024.In accordance with the Scheme of Arrangement dated March 28 2024, pursuant to Section 715 of the Companies and Allied Matters Act (CAMA), 2020 between ... Read More »