The Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints and a variety of issues. These include exploitative practices, data privacy violations, abusive loan recovery tactics, harassment, and anti-competitive behaviour by certain digital lenders and […]
The Dangote Refinery has exported its first gasoline cargo to the United States (U.S.).The development, which marks a new milestone for the facility’s growing global footprint, was not immediately confirmed when The Guardian contacted the company’s Group Chief Branding and Communications Officer, Anthony Chiejina . Argus reported that a Gemini Pearl loaded around 300,000 barrels […]
The naira yesterday recorded further weakness against the United States dollar, with the margin between the official and parallel market exchange rates widening to N13 per dollar. Figures from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at N1,537 per dollar, a one-kobo depreciation from Monday’s N1,536.99 per dollar. In contrast, the […]
Moody’s has upgraded the outlook on Ecobank Transnational Incorporated’s long-term issuer and senior unsecured debt ratings to stable from negative. In the latest rating commentary, made available to PUNCH Online on Thursday, Moody’s also affirmed the pan-African banking group’s B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit […]
French media giant Canal+ Group has completed a $3 billion deal to acquire the remaining 55% of MultiChoice Group, securing full ownership of the continent’s largest pay-TV operator and its popular platforms, DStv and GOtv. The acquisition, approved by the South African Competition Tribunal, marks a watershed moment in Africa’s broadcasting industry, giving Canal+ access […]
Tokyo stocks surged Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s tariffs, including those on the crucial car sector. Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will also follow suit. Despite a […]
Schneider Electric has unveiled Zeigo™ Hub by Schneider Electric, a new digital platform designed to help organisations decarbonise their supply chains at scale. This innovative solution will also enable companies to meet their Scope 3 emissions targets and advance toward net-zero goals with confidence and clarity. The platform empowers organisations to engage suppliers of all […]
The Ports Terminal Multiservices Limited (PTML) Command of Nigeria Customs Service (NCS) has revealed that it generated N301.8 billion from the B’Odogwu platform since its roll out on November 11, 2024. The command said it also achieved a total collection of N204.7 billion for the first half of 2025. This figure, according to Customs Area […]
Interswitch, an African integrated payments and digital commerce company, has earned a prominent place on the CNBC and Statista list of the World’s Top Fintech Companies. Published on CNBC’s global platform, the list spans payments, lending, insurtech, digital banking, and blockchain, among others. Interswitch’s inclusion in the payments category places it among a select group […]
The President of the Dangote Group and founder of the Dangote Petroleum Refinery, Aliko Dangote, says there will be an announcement of what he calls a major ‘shakedown’ in the entire country soon. Dangote said this was not about price reduction, but the complete overhaul of the downstream sector. He stated this in an interview […]
