Business

  The road to AFCON 2023 begins today, June 9, 2022, as Nigerian’s ‘Super Eagles’ kick off their campaign to qualify for a 19th appearance at the African Cup of Nations. SuperSport viewers on GOtv can look forward to the African Cup of Nations (AFCON) action between the ‘Super Eagles’ …

Access Bank Access Bank Plc, Nigeria’s largest bank by assets base, says it has entered into an agreement to acquire the entire 83.4 percent equity stake held by Centum Investment Plc, a Kenyan-based investment company, in Sidian Bank Ltd, for the sum of about N15 billion ($37 million). Access which …

The scope of business in Nigeria is being redefined by business to business (B2B) e-commerce platforms as the popularity of digital technology is largely driving the adoption of e-commerce in Nigeria. It is recorded that between January 2020 and January 2021, 50 percent of Nigeria’s population that is 104.4 million …

Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II, which was released in early May, continues to generate interest among investors. With the N15 billion Series II offer scheduled to close on Friday, 10 June 2022, Stanbic IBTC Asset Management Limited, the Fund …

Business conditions in Nigeria’s private sector strengthened in May, but the rate of improvement slowed from April. Softer uplifts were recorded in output, new orders, purchasing activity and input inventories. That said, new orders continued to rise sharply which prompted a quicker expansion in headcounts. In turn, sentiment improved with …

Employees of Keystone Bank Limited recently supported 352 underprivileged individuals by enrolling them on annual health insurance plans. The beneficiaries who are residents in Abeokuta, Ibadan, Ilesha, Nyanya and Yenagoa were also impacted via medical counselling sessions. The initiative tagged, “The Health Insurance Project” was executed under the bank’s Employees …

Employees of Keystone Bank Limited recently supported 352 underprivileged individuals by enrolling them on annual health insurance plans. The beneficiaries who are residents in Abeokuta, Ibadan, Ilesha, Nyanya and Yenagoa were also impacted via medical counselling sessions. The initiative tagged, “The Health Insurance Project” was executed under the bank’s Employees …

…wins haulage company of the year Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited (DIL) have commended the food seasoning company over its impressive performance in the year ended December 31, 2021, in spite of the harsh economic operating environment just as the company emerged the …

FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is working. Its profit after tax spiked 108% to N32.4billion on the back of massive loan recoveries and a sharply lower level of …

The retail market in Nigeria consisting of micro businesses is worth over 100 billion dollars, reports have revealed. This sector makes up 50 percent of the nation’s gross domestic product (GDP), making it the major source of economic growth, productivity, and competitiveness. However, this market is with its own challenges …