Category: Business
Wema Bank Wraps ₦150 Billion Rights Issue with CBN & SEC Approval, Surpasses Regulatory Capital Requirement.
Wema Bank Plc announces the successful completion of its ₦150 billion Rights the Issue, which opened on April 14th,2025, and closed on May 21st,2025. The [more…]
Presidency Gazettes New Tax Reform Laws
The Federal Government has officially published Nigeria’s new tax reform laws in the government gazette, marking a historic overhaul of the country’s fiscal framework. This [more…]
Fuel Surcharge of 5% Was Introduced In 2007, Not By Tinubu’s Govt — Oyedele
Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms says President Bola Tinubu’s government did not introduce the 5% surcharge [more…]
FCCPC Impose ₦100m Sanctions, Unveils Rules To End Loan App Harassment
The Federal Competition and Consumer Protection Commission (FCCPC) has rolled out regulations to curb harassment, data breaches, and other unethical practices by digital lenders in [more…]
Nestle Sacks CEO Over Office Relationship
Swiss food giant Nestle on Monday dismissed Laurent Freixe as chief executive with immediate effect over an “undisclosed romantic relationship with a direct subordinate”. The [more…]
President Tinubu Orders Removal of 5% Telecoms Tax — NCC
President Bola Tinubu has officially scrapped the contentious 5% excise duty on telecommunications services, in a bid to reduce financial burdens on consumers and stimulate [more…]
Wema Bank’s Profit Soars 231% In H1 2025
Wema Bank Plc, Nigeria’s oldest indigenous financial institution and the trailblazer behind Africa’s first fully digital bank, ALAT has published its unaudited financial results.” [more…]
Binatone Begins 10% Sales Discount To Mark Anniversary
Nationwide Global Appliances Nigeria Limited, the official distributor of Binatone products in Nigeria, has unveiled a special one-month anniversary promotion, offering customers nationwide a 10% [more…]
Media Powerhouse Olufisayomi Ajibola Appointed General Manager of Melody 107.7 FM
Respected media professional Olufisayomi Ajibola, popularly known as “Perfect,” has been appointed as the General Manager of Melody 107.7 FM, a rapidly growing lifestyle and [more…]
Nigeria’s GDP Grows by 3.13% in Q1 2025 Following Economic Rebasing
Nigeria’s Gross Domestic Product (GDP) grew by 3.13% year-on-year in real terms in the first quarter of 2025. This is according [more…]
