Impact of Jumia is felt in secondary cities despite infrastructure deficit
Low internet penetration, bad road network and infrastructure deficit were among the hindrances identified to forestall e-commerce success in its early days in Nigeria. This was largely due to the fact that the majority of the country’s population lived in rural areas. This was – and still – the situation …
Read More »Sterling Bank led by Abubakar Suleiman in N1.7 billion fraud mess
Abubakar Suleiman, Sterling Bank MD The Abubakar Suleiman – led Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal. The fraud is said to have rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in court. The case which is …
Read More »Ecobank Nigeria turns four customers into millionaires
Ecobank Nigeria has presented grand prize of N1 million cheque each to the four winners that emerged at the end of its Super Reward Scheme. The bank says the campaign was to reward customers’ loyalty. For equitable representation of its customers’ base, the Bank segmented the country into four regions …
Read More »UBA’s Half-year Profit Grows By 33% to N76.2 Billion
*Declares 20k per share interim dividend Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered …
Read More »Heritage Bank, others bankroll SCOA handover of trucks, equipment to Julius Berger worth N15.5bn
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider and seven other banks have provided a total of N15.5billion to assist SCOA Nigeria Plc for the importation and supply of MAN Platform Trucks and equipment to Julius Berger Nigeria for construction of 380km Abuja-Kaduna-Kano roads and many others across the …
Read More »Dangote Refinery partners Content Board on Oil Sector Research, Devt
Dangote Oil Refinery has thrown its weight behind the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical issue of Research and Development (R&D) in the oil and gas sector of the country. To display its readiness for this promotion, Dangote Petroleum Refinery was a Platinum sponsor of …
Read More »FINANCIAL LITERACY: Unity Bank Kick-Starts One Minute Genius 2.0
LAGOS. 07.05.2021: In its drive to boost financial literacy among students in primary and secondary schools across the nation, Nigerian lender, Unity Bank Plc has flagged off Season 2 of its pioneer educational gameplay, the One Minute Genius, OMG. The OMG 2.0 game play, which kicked off in May 3, …
Read More »Anambra 2021: PDP appoints Okowa, Udom, Victor Adoji, others into campaign council
PHOTO CAPTION: Emeka Ihedioha, Ike Ekweremadu, Victor Adoji and Dino Melaye at the inauguration of the PDP Anambra guber campaign council in Abuja..on Thursday. The Peoples Democratic Party (PDP) has inaugurated a campaign council for the Anambra governorship election slated to hold on November 6, 2021. The campaign council, comprising …
Read More »Bakers resume fresh battle against BUA, others over flour price hike
The Association of Master Bakers and Caterers of Nigeria has threatened to withdraw its services nationwide to protest the incessant increase in the price of flour and other baking materials. Recall, the association had earlier called on the federal government to intervene in the incessant price hike of flour by BUA Group …
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