The Central Bank of Nigeria (CBN) slammed N1billion fine each on the country’s most prominent unicorns, Moniepoint and OPay during the second quarter (Q2) of this year, sources have said. While several other fintech companies were also penalized, the two firms were worst hit by the huge fine. The penalties followed a routine CBN audit…
Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has launched its “Unwrapping Smiles” campaign. The campaign is a festive initiative designed to bring hope to individuals, families, and communities this holiday season. Running from December 10 to December 31, 2024, the campaign will feature community-focused outreaches, including Christmas gifts and exciting rewards to put smiles on…
Caverton Marine Limited has signed a concession agreement with Naval Dockyard Limited dwelling on the management, overhaul, and leasing of the boat building Glass Reinforced Plastic (GRP) Warehouse. The signing ceremony held at the Naval Dockyard, Victoria lsland, Lagos, yesterday marked a significant advancement in the development of Nigeria’s marine infrastructure. The agreement underscores…
The Lagos State government, National Information Technology Development Agency (NITDA), Galaxy Backbone and others at the weekend emerged winners at 7th .ng Awards, organized by the Nigeria Internet Registration Association (NiRA). The event, held last week in Lagos at the Muson Center Onikan recognized excellence and innovation in various categories, across private, government, and individual….
9mobile has appointed Ina Alogwu as its new Chief Digital and Innovation Officer (CDIO), marking another significant step in the company’s business transformation agenda. In his new role, Alogwu will be responsible for guiding the development and execution of 9mobile’s long-term strategy across the entire digital and technology ecosystem, including new technologies, digital platforms, and…
First City Monument Bank Group (FCMB Group Plc), has announced a 67 per cent growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months ended September 30, 2024, reflecting robust financial and operational performance across its business divisions. The Group recorded a 67.2 per cent increase in gross revenue to ₦587.8 billion,…
Leading telecommunications service provider Airtel Nigeria has announced an innovative partnership with Google to transform home entertainment across Nigeria. The partnership, which was unveiled at an agreement signing ceremony at the telecom giant’s Lagos headquarters, integrates YouTube, the world’s largest video platform, into the ground-breaking Airtel Smart Router to deliver seamless internet connection and entertainment…
Oil prices climbed by more than one per cent on Monday as top importer China flagged its first move toward a loosened monetary policy since 2010 aiming to bolster economic growth, state media reported citing a Politburo meeting, themorningstar.com.ng reports citing Reuters. Brent crude futures were up 84 cents, or 1.18per cent, to $71.96 per…
Leading ICT solutions provider Task Systems, in collaboration with Microsoft, has hosted an event that left an indelible mark on its business partners. The event, a masterclass in leveraging technology for competitive advantage, was designed to explore the transformative potential of Microsoft Copilot. The gathering brought together industry experts, thought leaders, and decision-makers, all eager…
