Business News

The reintroduction of the International Cargo Tracking Note (ICTN) has reignited debates within Nigeria's maritime sector, highlighting a significant divide between regulatory bodies and industry stakeholders.

In recognition of his outstanding performance in steering the bank’s affairs since its inception as a commercial bank, the board of Parallex Bank Limited has renewed the tenure of Dr. Olufemi Bakre as the Managing Director of the bank for the next five years effective from May 1, 2025.

Following the success of the inaugural edition of the Interswitch Discovery Series at Babcock University, Ogun State, Interswitch has commenced the second edition of the ‘town-meets-gown’ collaborative innovation and idea discovery programme at Landmark University in Kwara State.

The Central Bank of Nigeria (CBN) Staff Multi-Purpose Cooperative Society Limited has signed a Memorandum of Understanding (MoU) with the Enterprise Development Centre of Pan-Atlantic University and Pro-Serve Integrated Services Limited

A report by Schneider Electric has disclosed that residential buildings are also contributing to carbon emissions globally, stressing the need for homeowners to adopt sustainable energy consumption at a domestic level.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, said the country would not allow price fixing in the petroleum industry, stressing that local refineries and operators must trade based on willing sellers and willing buyers.

Small and medium enterprises (SMEs) in Nigeria are leveraging digital payments, innovation, and partnerships to expand their reach and strengthen business operations, according to the third edition of the Mastercard SME Confidence Index.

For a successful implementation of the Federal Government's economic stabilisation programme, tax experts said the proposed reforms would depend on the clarity of legislation, consistent regulatory enforcement and effective stakeholder engagement.

Plans are underway by the Federal Government to launch an innovative platform, named ‘Industrial Revolution Work Group (IRWG) Digital Hub’ to drive Nigeria’s industrial transformation.

The Bank of Industry (BoI) has restated its commitment to supporting smart card manufacturing company, SecureID Limited, to expand its production capacity.

The Nigerian Exchange Limited (NGX) closed on a downturn yesterday, occasioned by sell pressure in many bluechip stocks, especially Aradel Plc, causing market capitalisation to decline by N25 billion.

A United States-based firm, Amborion Consulting LLC, has launched a virtual Hackathon, Innov8 Hackathon 2025, to foster innovation and provide a platform for young Nigerian technology professionals to develop solutions to real-world challenges.

With rising concerns over fraud, digital identity and financial exclusion, industry leaders and decision-makers have identified the urgent need to address the emerging challenges and gain cutting-edge insights and solutions from global experts.

Policyholders who suffered insured risks in 2024 financial year received N34.5billion claims from Mutual Benefits Assurance Plc and its subsidiary, Mutual Benefits Life Assurance Ltd. This significant payout underscores the company’s unwavering commitment to financial security and customer satisfaction, despite rising economic challenges. The claims paid in 2024 covered both General and Life Insurance, reflecting…

PartnerPlus Connect (PPC), a travel industry’s learning and networking platform, has concluded plans to host its 12th edition of a webinar on February 28, 2025.