Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

Just in: Glo wins Most Popular Brand Award in Top 50

Leading indigenous digital services provider, Globacom, has emerged as the Most Popular Brand in the country for the second year running. The company emerged after a Top of Mind (TOM) Survey conducted by brand and marketing firm, TOP 50 BRANDS…

8 Finalists Of 2023 Ecobank Fintech Challenge

Whereas the overall winner of the Ecobank Fintech Challenge will receive a cash prize of US$50,000, Smart Teller Technologies Limited, a Nigerian Fintech Startup is among the eight finalists that emerged from an impressive pool of 1,490 Fintechs drawn from…

MoMo goes continental, enables Inbound/Outbound transactions in Africa

MoMo Payment Service Bank (MoMo PSB) and Saana Capital LLC (“Brij”), a Central Bank of Nigeria (CBN) licensed International Money Transfer Operator (IMTO), are pleased to announce their strategic partnership to facilitate seamless inbound and outbound transfers across Africa, as…

20 customers win in Access Bank Diamond Extra Season 15 in Enugu

Leading continental financial giant, Access bank plc has rewarded loyal customers under it’s Season 15 Diamond Extra with many customers smiling home with great awards. The event which held at the Access bank Ogui Road branch drew a lot of…

Minister of Information calls for media partnership for societal progress

The Minister of Information, Alhaji Mohammed Idris Malagi has called on Media practitioners to collaborate with his Ministry and the government for the betterment of society. Malagi made the call while receiving Executive Committee (Exco) members of the Guild of …

Just in: EFCC alerts Nigerians on trending 4G to 5G update scam by cyber criminals

The Economic and Financial Crimes Commission (EFCC), following multiple complaints received from the public has warned Nigerians not fall for scammers’ on the trending pattern of duping people of their hard earned money. In a terse statement, EFCC said “This…

e-Fraud: Banks loss N9.7bn in 7 months vindicates NDPC statistics

The recent revelation by the Nigeria Inter-Bank Settlement System (NIBSS) that banks in the country had lost N9.7 billion to e-fraud in first seven months of 2023 has further vindicated the position of the National Data Protection Commission (NDPC) during…

Just in: CBN’s Price Verification System portal goes live August 31st

Following the successful conduct of the pilot run and various trainings held with all the banks, the Central Bank of Nigeria (CBN) hereby announces the GoLive of the Price Verification System (PVS). Consequently, with effect from August 31, 2023, all…

NNPCL’s Afrexim deal an upfront cash loan on crude oil proceeds, but…

The recent announcement by the Nigerian National Petroleum Company Limited (NNPCL) that it had secured a USD3.00 billion emergency crude repayment loan from the African Export-Import (AFREXIM) bank has continued to elicit reactions. According to the NNPCL, this loan agreement…

Global stocks drop on China jitters as BOE hike further on hot wage data

By Edward Moya   US stocks remained heavy after a robust retail sales report sent yields higher and raised the odds that the Fed might not be done raising rates. A healthy consumer was supposed to drive soft landing calls,…