Business

Jumia and UPS announced today a partnership giving UPS access to Jumia’s last mile logistics capabilities and infrastructure to grow its delivery services in Africa. Leveraging the Jumia infrastructure in Africa, UPS will offer its customers an extended range of delivery solutions, including door to door package delivery and collection, …

……Proposes dividend of 35 kobo Per Share Lagos, Nigeria, April 1, 2022:  Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1bn according to the bank’s recently issued financial result. Analysis of the results indicates that …

The attention of Stanbic IBTC Bank PLC (the Bank) has been drawn to press reports alleging that a sum of “N83 billion” of what was termed to be “unclaimed funds” had been discovered in the Bank, as part of the hearing by the House of Representatives Ad-Hoc Committee on recovery …

Keystone Bank Limited, a leading financial services provider in Nigeria, has announced the re-opening of its revamped Ikota-VGC, Lagos branch for commercial operations. A statement by the lender on Friday, said the reopening of the branch located at Ikota Shopping Complex, H518 Rd, 3 V.G.C, Lagos, comes after months of …

Female business icons gather to celebrate “Her Motor Insurance Plan” March 31, Lagos Nigeria: Heirs Insurance Limited (HIL), the digital general insurance company, has demonstrated its commitment to gender inclusion with the launch of its motor insurance plan for women, Her Motor Plan. Prioritising safety, the plan offers to its subscribers …

Since its introduction into the Nigerian business scene, e-commerce has become a major driver of the country’s digital economy. It has not only brought about innovative business ideas but is redefining existing businesses for efficiency and growth. Thriving on increasing internet penetration and smartphone revolution, online sales and shopping is …

Fidelity Bank Plc has tutored 4,000 students in 36 schools across Nigeria on the value of managing financial resources effectively in order to improve their economic well-being. This initiative, organized in collaboration with Junior Achievement Nigeria (JAN), is part of the activities celebrating the Central Bank’s (CBN) annual Global Money …

Digitization of informal retail markets is an emerging global business model and Nigeria’s economy is falling in line in this regard. Recently impacting the Nigerian business sector are business-to-business e-commerce brands reinventing the market with technology solutions. Estimated at over $100 billion, the Nigerian informal retail sector has a chain …

  The Ikeja GRA Branch Manager of First City Monument Bank, FCMB, Tope Munis, has been dragged before a Lagos State High Court for allegedly aiding N1.2billion fraud, property of Star Orient Nigeria Limited. Munis was arraigned on fifteen count amended charge alongside Dare Osamo and Ayoola Bisola who were …

Lagos, Nigeria, March 30, 2022: As part of activities to commemorate this year’s International Women’s Day (IWD) themed “Break the Bias,” Sterling Bank partnered with the Society for Corporate Governance, a non-governmental organization (NGO), to sensitize women professionals and other executives on how they can become active and effective board …