Business

Investors are literally scrambling for shares of Fidelity Bank Plc as the leading commercial bank’s capital raising continues to gather momentum among all categories of investors. Investors’ appetite for Fidelity Bank is shown in massive subscriptions to its ongoing rights and public offers and voluminous trading at the stock market. …

E-commerce platform, Jumia Technologies AG, has reported a reduction of its operating loss by eight per cent year-over-year to $20.2m despite economic challenges. In a statement, Jumia explained the impact of the volatile economic landscape on its operations, including a decline in revenue and a slight decrease in gross merchandise …

  Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced a strategic partnership with the Young Lawyers Forum (YLF) of the Nigerian Bar Association (NBA) with the aim to propel the professional development of over 50,000 young legal practitioners across Nigeria, by way of academic sponsorships as well …

Digital services and telecommunications company, Globacom, has unveiled M-Agric, an agricultural support service that guides users through practical, step-by-step processes of managing successful farming businesses across Livestock, Aquaculture, Cash Crops and Value-Additions. In a statement in Lagos, Globacom said it partnered with the Lagos State Ministry of Agriculture on the …

…It is a big plus to Nigeria’s economy   The Organisation of Petroleum Exporting Countries, OPEC, has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil …

Zenith Bank Plc is offering its ongoing hybrid rights and public offers at the bank’s lowest price range, locking in about 32 per cent gain in potential immediate return for existing shareholders and new investors. Nigeria’s largest bank by profit, Zenith Bank is offering a rights issue of 5.233 billion …

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has announced the eagerly awaited third season of the FUZE Talent Show with the theme, ‘Light it Up.’ Building on the success of the second season, FUZE Talent Show 3.0 is bigger and better with a jaw-dropping N50 million prize money. …

  Nigeria Communications Plc reported a loss after tax of $519.1 billion for the first half of 2024, due to record-high inflation and a weaker naira. This disclosure was made in its financial results for the period ending June 2024, according to an e-copy of the report obtained by The …

……Expresses Gratitude For Strong Partnership With NNPC The Group Chief Strategy Officer, Dangote Refinery and Petrochemicals Company, Aliyu Suleiman, has said that 60 per cent of the crude supplied to the refinery was done by the Nigerian National Petroleum Company Ltd. He said this on Wednesday during am interactive session …

P+ Measurement Services, Nigeria’s leading media intelligence consultancy, recently conducted a comprehensive media performance audit on the largest drawing in the world by an individual, created by Fola David. His remarkable 1,000 square meter sketch, titled “Unity in Diversity,” surpassed the previous record of 629.8 square meters set by India’s …