Business

Consumer goods company, PZ Cussons Nigeria reported a net loss of N96.4 billion for the fiscal year ending May 31, 2024, according to information contained in its latest unaudited financial statements. The losses led the company to post a negative equity of N47.2 billion at the end of the fiscal …

In the fast-evolving world of digital banking, Nigeria stands on the brink of a financial revolution. As the global pandemic has accelerated digitalization, the need for accessible, efficient, and reliable financial services has never been more crucial. FirstCredit by FirstBank emerges as a groundbreaking digital lending solution designed to meet …

The state-owned university was plunged into darkness in spite of the management saying that the sum of N20million out of the N60 million monthly bill has been paid. The Kano Electricity Distribution Company (KEDCO) has disconnected the Kano University of Science and Technology, Wudil, from power supply over N40million unpaid …

Stanbic IBTC Holdings has announced the date for its annual women’s event tagged ‘Bloom Weekend’, coming up in July 2024. This dynamic event will celebrate women in its Blue Blossom community and feature several components including a yoga session, village market, the Ladies At The Table Empowerment Series (LATTES), an …

June data signaled a broad stagnation of the Nigerian private sector as subdued demand and intense price pressures led to slowdowns in growth of output and new orders. In turn, employment rose only fractionally. There were signs of inflationary pressures picking up, with purchase prices, staff costs and selling charges …

This week on African Voices Playmakers sponsored by Globacom on Cable News Network (CNN), Ghanaian singer and composer, Wendy Shay, will be featured. The 30-minute magazine show will highlight Wendy Shay’s abilities and accomplishments that have helped her rise to the pinnacle of her profession, as well as the positive effects of …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a foremost financial institution in Nigeria, is championing the actualization of home ownership dreams and property wealth creation for Nigerians. During its just concluded Home Ownership Summit, the Bank reaffirmed its commitment to empowering individuals, families, and business owners with …

The bank accounts of Swift Networks Limited and its managing director, Charles Anudu, have been frozen by a Federal High Court sitting in Lagos. The court granted Union Bank interim injunction restraining Swift Networks Limited and its agents from accessing funds and assets in banks pending determination of a Motion …

The operatives of the Economic and Financial Crimes Commission (EFCC) have arrested two former staff of Union Bank for allegedly stealing the sum of N4,199,500 belonging to a deceased customer of the bank. The suspects, Idah Ogoh, and Agbo Okwute, were arrested on Friday, June 21, 2024, in Makurdi, Benue …

This is a sad end for Nick Imudia, a former Chief Executive Officer (CEO), of Konga, one of Nigeria’s e-commerce giants, who reportedly committed suicide in his home. Nick, who was until his death, the CEO of D.light, a leading innovator in the distribution and financing of residential solar energy …