Business

The Federal Competition and Consumer Protection Commission has ordered Google LLC (Play Store) and Apple Inc. (Apple Store) to deactivate unathorised online banks and loan applications. The Federal Government agency asked Google and Apple to delete the applications where evidence has established inappropriate conduct or use of the application in …

Nigerian Airline operators are demanding operational licenses from the federal government to begin importation of fuel, following the recent fuel scarcity across the country. Airpeace Chairman, Allen Onyema, warned that Airlines in the country would shut down operations over the non-availability of Aviation fuel to run their operations. ‘We have …

Nestoil marked the 2022 International Women’s Day with a stimulating engagement with elite ladies making themselves proud in business and career in the Nigerian economy. The virtual gathering, which had about 50 in attendance, including men, had select women who had broken the glass ceiling in their chosen fields lead …

Eni, the parent company of Nigerian Agip Oil Company (NAOC) on Monday declared a Force Majeure on expected oil output at its Brass terminal in Yenagoa. The declaration means a shortfall of 25,000 barrels of crude oil and 13 million standard cubic metres of gas per day from the terminal. …

Air Peace began direct flights into Niamey on Friday. Mr Stanley Olisa, the airline’s spokesman, stated in Lagos on Saturday that the inaugural flight was conducted with one of the airline’s Embraer 145 jets, from its subsidiary- Air Peace Hopper. He quoted the leader of the Air Peace delegation on …

The Federal Competition Consumer Protection Commission (FCCPC) in conjunction with the Independent Corruptb Practices Commision(ICPC) and the National Information Technology Development Agency(NITAD) have raided some loan application platforms over consumer rights abuse. Some of the raided companies included; GoCash, Okash, EasyCredit, Kashkash, Speedy Choice and Easy Moni. Leading the raid …

Western businesses leaving Russia due to the war may have their companies and production facilities confiscated by the Russian state, according to Moscow. Businesses that leave the country are “basically abandoning their staff to their fate,” said former Russian president Dmitry Medvedev. To prevent people ending up unemployed and on …

Price increases in the US continued to surge last month, pushing the annual inflation rate up 7.9%. That is the biggest year-on-year leap since 1982 and up from the 7.5% rate reported in January. Rising costs for energy, food and shelter drove the gains, which are squeezing household incomes. President …

DIGITAL CURRENCY : Biden signs cryptocurrency executive order, hoping to advance a digital dollar and other innovations The Biden administration is tackling cryptocurrency and blockchain with a new executive order meant to promote future innovation in the industry while minimizing the financial risks to Americans and the global financial system. The …

TEMPORARY SUSPENSION OF INTERNATIONAL ATM WITHDRAWALS/POS PAYMENTS AND REVIEW OF WEB TRANSACTION LIMIT USING ZENITH BANK NAIRA CARDS Dear Valued Customer, Please be informed that we have temporarily suspended the use of Zenith Bank Naira cards for International Automated Teller Machine (ATM) cash withdrawals and POS transactions. Additionally, the monthly …