Business (Nigeria)

Stripe acquires Nigeria’s Paystack for $200 Million to expand into Africa

When Stripe announced earlier this year that it had picked up another $600 million in funding, it said one big reason for the funding was to expand its API-based payments services into more geographies. Today the company is coming...

Buhari to Okonjo-Iweala: We’ll push and push until you win WTO post

President Muhammadu Buhari Monday in Abuja assured Nigeria’s former Minister of Finance, Dr Ngozi Okonjo-Iweala, that the country will explore every opportunity and deploy its entire energy to ensure that she becomes the Director-General of World Trade Organisation (WTO). Dr...

FirstBank disburses N17bn loans through FirstAdvance

First Bank of Nigeria Limited has announced that it has disbursed loans worth over N17 billion to individuals across the country. The loan disbursement is carried-out through FirstAdvance, its digital lending solution. According to a statement, FirstAdvance was designed to offer...

Stocks market hits new high on sustained bargain hunting

Trading in the domestic equities market continued on bullish note as bargain hunting lifted indicators to new record highs. The Nigerian Stock Exchange (NSE) All-Share Index (NSE ASI) rose 2.1 per cent, the highest daily gain since May 5,...

Osinbajo explains Nigeria’s interest in developing digital sector

The Vice President, Professor Yemi Osinbajo, has explained Nigeria’s interest in the development of the digital economy. According to him; “The focus of the Nigerian government on the digital sector is crucial in various socio-economic aspects of national life, from education,...

Greenwich Trust Ltd gets merchant banking licence from CBN

The Central Bank of Nigeria (CBN) has granted Greenwich Trust Limited a licence to operate as a merchant bank in the country. This was disclosed in a statement by the financial institution yesterday. The entity is now to be known as...

CBN okays N200b housing loan for low income earners

The Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family Homes Fund (FHF). The fund is   for  the  building of 300,000 homes in the 36 states of the federation and the Federal Capital Territory.  It...

Oyedeji appointed Stanbic IBTC Non-Executive Director

The Board of Directors of Stanbic IBTC Bank PLC has appointed Wale Oyedeji as an Independent Non-Executive Director with effect from September 8 2020. Oyedeji holds a Bachelor of Science in Agricultural Economics from the University of Ibadan and a...

Nigeria May Lose N136bn, Hub Status To Cote D’Ivoire

Nigeria may lose a whopping N136billion supposed earning from transit cargoes to neigbouring landlocked countries in West Africa to Cote D’ivoire by 2021. This is just as a French-owned seaport development and terminal handling giant, Bollore, and APM Terminals have...

Afreximbank gives Zenith Bank $200m to cushion COVID-19 impact

The African Export-Import Bank (Afreximbank) yesterday announced the disbursement of $200 million to Zenith Bank Plc Nigeria to enable it maintain foreign currency trade flows impacted by the COVID-19 pandemic. The money is captured under Afreximbank’s Pandemic Trade Impact...
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It will be morally wrong not to call him out because of the“ Na we we” or he is one of us mentality –...

It will be morally wrong not to call him out because of the“ Na we we” or he is...
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Return to duty posts or face dismissal – Police Service Commission warns policemen

Return to duty posts or face dismissal - Police Service Commission warns policemen. The Police Service Commission has faulted the refusal of some policemen to...

Plateau pastor abducted by Boko Haram regains freedom

Plateau pastor abducted by Boko Haram regains freedom. Reverend Polycarp Zongo, a pastor of the Church of Christ in Nations, Jos, Plateau State, who was...

Kidnapped Oyo local government chairman regains freedom

Kidnapped Oyo local government chairman regains freedom. The caretaker chairman of Iganna Local Council Development Area of Oyo State, Mr Olayiwola Adeleke has regained freedom...

Decapitated body of Zambian doctor ‘Dr. Tasila Mercy Tembo’ found as police launch manhunt for her estranged boyfriend

Decapitated body of Zambian doctor 'Dr. Tasila Mercy Tembo' found as police launch manhunt for her estranged boyfriend. A renowned Zambian medical doctor, Dr. Tasila...