Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

‘With AccessMore App, customers go beyond banking’

The last time a family member of mine booked a plane ticket they had to go to the airport to do it. Imagine if you could book international flights from the comfort of your hands. Imagine being able to send…

WEF helping nations to deepen Trust amid Uncertainty

Amid rising geopolitical tensions, close to 3,000 policy-makers, business executives, international organization and civil society leaders, academics and innovators from around the world came together for the 54th Annual Meeting of the World Economic Forum to rebuild a basis of…

PalmPay rewards agents with N200m cash winnings in End-of-Year Promo

Leading fintech company PalmPay has rewarded thousands of its point of sale (POS) agents under its agency banking platform with N200 million worth of cashback in its recently ended 2023 end-of-year promo. The reward initiative, which was held from December…

Regulatory, cyber, economic risks worry Nigerian businesses —Report

In Nigeria, the Allianz Risk Barometer Report has highlighted the increasing worries surrounding Changes in legislation and regulation, Cyber incidents, and Macroeconomic developments, which have emerged as joint top risks with 36% of responses. Changes in legislation and regulation climbed…

JTB, Customs partner for Effective Tax Management

In a bid to enhance effective tax management in Nigeria, Mr. Olusegun Adesokan, the Secretary of the Joint Tax Board, paid a visit to the Comptroller General of Customs, Bashir Adewale Adeniyi, on January 16, 2023. The visit aimed at…

Chief Economists Outlook: More Economic Uncertainty on the Horizon

Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence…

DSS arrests CBN Deputy Gov. Aisha Ahmad over fraudulent bank acquisition

The Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability, Aisha Ahmad, has been arrested and detained by the Department of State Services (DSS) over the alleged fraudulent acquisition of shares in Polaris Bank, Titan…

CBN replaces sacked Board of Union, Keystone, Polaris Banks

Few hours after dissolving the board and management of Polaris, Union, and Keystone banks, the Central Bank of Nigeria (CBN) has appointed new chief executives and executive directors to oversee the affairs of the banks. The apex bank in a…

Zenith Bank CEO not arrested by EFCC, He’s on duty—Mgt.

Zenith Bank PLC, one of Nigeria’s leading financial institutions, has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media. The reports had claimed Onyeagwu was arrested…

Obazee Report takes toll on 4 Banks as CBN sacks Boards

As part of the drive to clean up the mess in the banking sector, President Bola Tinubu has started the implementation of the report of the Special Investigator on Central Bank of Nigeria (CBN) and Related entities, Jim Obazee with…