By Ayomide Otitoju Airtel Africa has reported a profit after tax of $248 million (approximately N190.4 billion) for the nine-month period ending December 2024. The company disclosed this in its financial statement filed with the Nigerian Exchange Limited on Thursday, highlighting significant revenue growth driven by strong performance in mobile money and data services. Mobile…
By Ayomide Otitoju Access Bank Plc has announced plans to host its first-ever Africa Trade Conference, aimed at addressing the continent’s $81 billion annual trade finance gap. According to a statement made available to The PUNCH on Wednesday, the conference will be held in March in Cape Town, South Africa, under the theme ‘Empowering Africa…
By Ayomide Otitoju Telecommunications giant Globacom has conducted a draw in Ibadan to select new winners in its ongoing loyalty reward promo, Festival of Joy. The event, held at Globacom’s Challenge Office, attracted members of the media and a large gathering of walk-in customers, some of whom participated in drawing the winning numbers. According to…
The National Industrial Court in Port Harcourt has ruled that the 2014 termination of Mr. Patrick’s employment by United Bank for Africa (UBA) was wrongful, ordering the bank to pay him N12.5 million in compensation. Court’s Findings and Compensation BreakdownIn a landmark ruling, Justice Zaynab Bashir determined that UBA breached the terms of Mr. Patrick’s…
By Ayomide Otitoju New revelations have surfaced regarding how Access Bank allegedly granted a N1 billion loan to DDSS International Company Limited using a property belonging to MOB Integrated Services—run by Gbolahan Obanikoro—as collateral without the owner’s consent or knowledge. Background of the ControversyAccording to insider reports, the property, located at 40B Bourdillion Road, Ikoyi,…
Max Air has announced a three-month suspension of its domestic flight operations following an incident involving one of its aircraft at Mallam Aminu Kano International Airport, Kano. A spokesman for the Nigeria Civil Aviation Authority (NCAA), Michael Achimugu, confirmed the suspension in a statement on Wednesday, hours after the incident occurred on Tuesday night. Incident…
By Ayomide Otitoju UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa Plc, has been named ‘Philanthropy of the Year’ at the recently concluded 2025 THISDAY Awards. The foundation emerged as the winner in a competitive category that included other notable nominees such as Dangote Foundation, NLNG, MTN Foundation, and Fidelity…
By Ayomide Otitoju Four customers of First City Monument Bank (FCMB) have emerged as millionaires, while 900 others won cash prizes of up to N50,000 in the bank’s ongoing Millionaire Promo. The winners were announced during the first draw of the FCMB Millionaire Promo Season 10, held recently across the country. The new millionaires include…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) is set to inaugurate the construction of five mini-liquefied natural gas (LNG) plants in Kogi State today. The groundbreaking ceremony, scheduled for noon in Ajaokuta, marks a significant step in boosting Nigeria’s economic growth through enhanced gas infrastructure. The five mini-LNG plants—Prime LNG, NGML/Gasnexus LNG,…
