Business

Imo State had the highest percentage of unemployed people in Nigeria in the fourth quarter of 2020, retaining a position it held in the second quarter, the National Bureau of Statistics said in its latest labour force report. Imo was followed by Adamawa and Cross River States. The three states …

Emmanuel Chigozie Eze, Head of Sales for Procter & Gamble company, has been arrested after blowing N20m Company Fund on online betting. Eze was arrested by EFCC operatives along ‘K Line area’ of Ewet Housing Estate in Uyo, Akwa Ibom state, following a petition. The petitioner alleged that Eze used …

The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, on Tuesday said the commission will from June 1 be demanding the asset declaration forms of bankers. He said the decision was in line with the provisions of the Bank, Employees Declaration of Asset Act. Bawa disclosed this in …

Deposit Money Banks have informed customers that the Central Bank of Nigeria’s ‘Naira-4-dollar scheme’ will end on May 8. This is as they continued to woo their customers to take advantage of the incentive introduced by the regulator, which took effect on March 8. Fidelity Bank, in a mail to …

Innosson Vehicles Manufacturing Co. Ltd, in a recent statement, has denied claims that a Nigerian cryptocurrency “Zugacoin” can now be used to purchase vehicles and products under the INNOSON Group. In line with the news reports published by the media on Saturday, it became public knowledge that the indigenous automobile …

In this video, Tech YouTuber, Fisayo Fosudo shares the updates to the cryptocurrency ban in Nigeria as well as statements from the Central Bank (CBN) Governor, the Vice President and Analysts on thoughts and policies put in place to help Nigeria gain more foreign exchange remittances. We also see how …

Nigeria Inter-Bank Settlement System Plc (NIBSS) today announced the launch of the NQR payment solution; an innovative payment platform implemented on behalf of all financial service providers. The New Quick Response code solution offers a robust platform that delivers instant value for P2B and P2P transactions by simply scanning to …

The Lagos State Consumer Protection Agency (LASCOPA), has assisted a petitioner, Mr. Tajudeen Olabisi Saka, in securing a refund of N1.65 million from the seller of a defective Printing Machine earlier purchased. Presenting the cheque to him on Thursday at the Agency’s office in Ikeja, the General Manager of LASCOPA, …

Archbishop SamZuga and Chief Dr Innocent Chukwuma of Innoson vehicle manufacturing company have sealed a business partnership deal. With this new feat, Samzuga’s Zugacoin can now be comfortably used to purchase any type of vehicle, motorcycles, plastics and all the products under INNOSON companies anywhere in the world. The partnership …

Telephone companies in Nigeria have threatened to suspend USSD services over indebtedness by banks. Millions of Nigerians use the shortcode platform to access banking services daily through their phones, but the telcos say they are being owed by the banks. The Association of Licensed Telecommunication Operators of Nigeria (ALTON) said …