Business

Marked and accelerated expansions in output and new orders helped drive a pick-up in growth in the Nigerian private sector during April. However, private sector performance was once again impacted by elevated rates of inflation, uncertainty and unfavourable exchange rate movements. Nevertheless, strong demand encouraged firms to add to their …

Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced the expansion of the services of Leo, its Artificial Intelligence chatbot to Google Business Chat and Instagram. Leo – UBA’s AI-powered chatbot, which enables customers to make use of their social media accounts to carry out key banking transactions – was …

In the first three months of the 2022 financial year, Dangote Cement has recorded a 24.2 percent increase in its revenue and an 18 percent increase in its profit after tax for the same period. Unaudited results for three months ended 31st March 2022, showed revenue of N413.2 billion and a …

The informal sector is a major source of economic growth and productivity globally. According to both the World Bank and the International Labour Organisation (ILO) statistics, more than 2 billion people representing 61% of the world’s employed population work in the informal sector. Of the number, 93% are reportedly in emerging and …

Globacom, the telecommunications powerhouse, has brought renewed excitement to television screens and online platforms with its recently unveiled suite of adverts. The adverts provide information on how subscribers can link their National Identity Number (NIN) to their Subscriber Identity Module (SIM) on the Glo network. Commenting on the launch of …

Senior Management Executive of Heritage Bank Plc received the “Heart of Gold” award by EveAfrique organiser of the annual Red Ball for Charity. The awardee, Osepiribo Ben-Willie, Directorate Head, South-South, South-East & Private Wealth Management, who was part of the 10 awardees was honoured for her immense contribution to the …

A repeat of a Third Term agenda call which nearly ruined the tenure of former President Olusegun Obasanjo, which again resurfaced a few days ago, has continued to attract criticisms from well- meaning Nigerians. From the political class to the Bar, Nigerians have continued to condemn advocates of a Third …

The initiative seeks to create a highly qualified and competitive workforce for a fast-growing, diversified, technologically advanced economy. elev8 consolidates its operation in the Middle East with a modern campus for training in new technologies Lagos, May 2022. elev8, the world leader in digital training initiatives, recently launched the Digital Center …

Lagos (Nigeria), May 11th, 2022: Jumia (NYSE:JMIA) released today its first Environmental Social Governance Report outlining its ESG strategy alongside an overview of current sustainability practices at Jumia. The report draws on Jumia’s 2021 non-financial data and provides disclosures in line with Sustainability Accounting Standards Board (SASB) materiality topics for …

Stanbic IBTC Asset Management Limited (the “Fund Manager”), a subsidiary of Stanbic IBTC Holdings PLC, is pleased to announce that the N15 billion Series II Offer (the “Offer”) under its Stanbic IBTC Infrastructure Fund (the “Fund”) N100 billion Shelf Programme is now open and scheduled to close on Friday, 10 June 2022. The Fund …