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GTBank announces 50% Increase in SMS alert fee
GTBank Announces 50% Hike in SMS Transaction Alert Fees Amid Rising Telecom Costs in Nigeria
Guaranty Trust Bank (GTBank) announced a significant adjustment to its SMS transaction alert fees, citing increased costs from telecommunications service providers. Effective Thursday, May 1, … Continue Reading
30 April 2025
MTN Nigeria Posts N1 Trillion Revenue, Returns to Profitability in Q1 2025
MTN Nigeria’s Chief Executive Officer, Karl Toriola, noted that the company’s growth was bolstered by strategic customer value management (CVM) initiatives. “We maintained a disciplined approach to gross connections and churn management while continuously innovating our customer offerings. This has
… Continue Reading30 April 2025
Spotify Distributes $100 million to podcast creators in Q1 2025
Spotify Reports Over $100 Million Payout to Podcast Creators in Q1 2025
Music streaming powerhouse Spotify announced on Monday that it has distributed more than $100 million to audio and video podcast creators in the first quarter of 2025, marking … Continue Reading
28 April 2025
Gold Hits All-Time High of $3,500 Amid Fed Pressure, Dollar Weakness
Adding to investor worries are escalating trade disputes and geopolitical tensions that have dampened risk appetite and pushed investors into traditional hedges. Gold has surged more than 30% in 2025 alone, bolstered by strong inflows into bullion-backed ETFs and record-breaking
… Continue Reading22 April 2025
Uber, Bolt, inDrive Drivers plan protest In Lagos On May 1st
Lagos App-Based Drivers to Strike on May Day, Demanding Fair Treatment
Lagos, Nigeria – The Amalgamated Union of App-Based Transporters of Nigeria (AUATON), Lagos chapter, has announced a 24-hour strike on May Day to protest alleged exploitative practices … Continue Reading
22 April 2025
Access Bank Gets Final Greenlight to Acquire National Bank of Kenya
Access Bank and KCB Group first signed a binding agreement for the acquisition in March 2024. Now finalized, the deal strengthens Access Bank’s foothold in Kenya’s financial sector, positioning it more competitively in the East African region.
Lagos, Nigeria – … Continue Reading
14 April 2025
Champion Breweries Records N21bn Revenue, Launches Consumer Rewards Drive
The managing director attributed this growth to the company’s strategic focus and commitment to operational excellence, describing 2024 as a landmark year for Champion Breweries. He expressed pride in the brewery’s evolution into a formidable force in Nigeria’s beverage sector.
… Continue Reading9 April 2025
FCMB Records N73.34bn Profit After Tax Amid N144.6bn Capital Raise
To align with the Central Bank of Nigeria’s recapitalisation mandate, FCMB completed the first phase of its capital raising programme, which saw issued shares double from 19.8 billion in 2023 to 39.6 billion in 2024. The capital injection helped the
… Continue Reading6 April 2025
Oando Attributes 2024 Annual Report Delay to Agip Integration, Stricter Financial Rules
Oando noted that while progress has been made, the process has hit a snag due to outstanding financial data needed from ENI, the former owner of Agip. The company emphasized that completing the integration is vital, given the significant effect
… Continue Reading5 April 2025
Sterling Bank to Reimburse Customers for Transfer Fees Charged on April 1
The timing of the announcement on April 1 led to widespread skepticism, with many assuming it was an April Fools’ joke. However, Sterling Bank reassured customers that the policy was genuine and that all charges incurred between midnight and 8:00
… Continue Reading2 April 2025