Business

By Ekpenyong Emmanuel Nigeria’s Federal Capital Territory (FCT) is set to benefit from a vocational training institute, courtesy of a partnership between the FCT Administration and the Lombardy Regional Government in Italy. This development was announced during a meeting between FCT Minister Nyesom Wike and President of Lombardy Regional Government, …

By Olumide Olusegun | First Bank of Nigeria, the country’s oldest financial institution, has commenced the construction of its new iconic head office at Eko Atlantic City, Lagos. The groundbreaking ceremony for the 40-storey skyscraper, which is set to be Nigeria’s tallest building, takes place today. Designed to be a …

Some retail outlets operated by the Nigerian National Petroleum Company Limited (NNPCL) have reduced the pump price of petrol to N860 per litre, down from N945. A market survey in Lagos on Monday revealed that some NNPC filling stations had adjusted their pumps to reflect the new price, though there …

Banks in Nigeria have started charging customers for ATM transactions, following a directive from the Central Bank of Nigeria (CBN). The new charges, which took effect on March 1, 2025, have sparked complaints from customers. ATM Transaction Fees – *On-site ATMs*: N100 per N20,000 withdrawal – *Off-site ATMs*: N100 plus …