FBN Holdings Plc has reported a great profit before tax (PBT) of N238.53 billion for the first quarter ended March 31, 2024, representing an impressive 325.2% increase from the N56.1 billion recorded in the same period of 2023. This surge reflects the company’s strong performance and resilience amid both domestic […]
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PalmPay, a digital financial services provider, has announced the resumption of onboarding new customers. This development follows a thorough review by the Central Bank of Nigeria (CBN), ensuring compliance with regulatory standards. Effective immediately, both individual and business users can once again register for PalmPay’s services. The company expressed its […]
The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has criticized the organized labour’s nationwide strike that began today. Fagbemi, in a letter dated June 1, 2024, to the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) leaders, argued that the strike violates a subsisting National […]
In order to promote Made-in-Nigeria goods and lower importation, President Bola Ahmed Tinubu has instructed Federal Ministries, Departments, and Agencies (MDAs) across the nation to use the technologies and products of the National Agency for Science and Engineering Infrastructure (NASENI). The President represented by President of the Senate, Godswill Akpabio […]
First Bank, a Nigerian bank with a market valuation of ₦829 billion, has filed a lawsuit to reclaim substantial sums of money allegedly stolen by an employee at its head office team in Iganmu, Lagos. The suspect, who is currently at large, is accused of transferring the funds to 98 […]
The Federal Government, through the National Information Technology Development Agency (NITDA), has signed a Memorandum of Understanding (MOU) to host the world’s largest technology fair, GITEX, in 2025. The MOU was signed by Kashifu Inuwa Abdullahi, Director General and CEO of NITDA, and Trixie LohMirmand, CEO of KAOUN International, the […]
PalmPay, leading fintech company, has been awarded the prestigious “Customer Focused Digital Bank of the Year” Award at the Africa’s Beacon of ICT Merit and Leadership Awards, organised by the Nigeria Communication Week. The award ceremony took place in Lagos, celebrating exceptional achievements and contributions in the Information and Communications […]
MoMo, the payment service bank under MTN’s ownership, has unveiled an open Application Programming Interface (API) with the aim of bolstering digital wallets within its platform. This move by the PSB encourages companies to seamlessly integrate the API for payment processing and collections. Despite digital wallet users constituting a mere […]
NELFUND reported that it has received over 60,000 applications from students attending federal government institutions since the launch of its student loan application portal. Out of these, 30,000 applications have been successfully processed. The agency also disclosed that 90 percent of federal universities have submitted their students’ data to its […]
A devastating event unfolded on Lagos Island as a four-story building collapsed on Thursday, ensnaring an unspecified number of individuals. The calamity struck at Iga Iduganran, in close proximity to the Oba of Lagos’ palace. Gbenga Omotosho, the Lagos State Commissioner for Information and Strategy, officially acknowledged the incident through […]