Business

Stanbic IBTC Bank recently announced 70 more customers as winners of ₦100,000 each in its Reward4Saving promo March draw. The promo was launched to encourage Nigerians to save and earn rewards for maintaining a consistent savings habit. The Reward4Saving 3.0 promo will continue to reward 70 customers who maintain at least ₦10,000.00 …

The beverage sector in Nigeria is experiencing slower growth due to high tax burdens. This is in addition to the systemic challenges manufacturers face in the current economic environment, including rising inflation rates, forex volatility and declining demands. With many of the companies in the sector already recording huge losses, …

In a tenure marked by transformative leadership, Dr. Tinuade Sanda has steered the Eko Electricity Distribution Company (EKEDC) to unprecedented heights, capturing the attention of stakeholders across Nigeria. Her impact is not only recognized by the Federal Government but also celebrated through accolades from prestigious organizations such as VANGUARD and …

  Delectable songstress, composer and actor, Simisola Bolatito Kosoko popularly known by her stage name, Simi, will this weekend feature on African Voices Changemakers, CNN magazine programme sponsored by telecommunications company, Globacom.   Simi will treat viewers to the story of her success in music and her staying power in a …

Ms. Tinuade Sanda, the immediate past Managing Director (MD) and Chief Executive Officer of the Eko Electricity Distribution Company (EKEDC) rose to the top in the private sector despite emergent allegations of certificate forgery.   Sanda’s ascension to the pinnacle of her career has became a source of surprise to …

…. donates school furniture to Abia school   The Ajoke Ayisat Afolabi Foundation (AAAF), the philanthropic arm of SIFAX Group, has set a target of awarding a scholarship to 2,000 indigent students across the country in 2024. According to Foluke Ademokun, Executive Coordinator, AAAF, while speaking on the activities of …

UBA America, the United States subsidiary of United Bank for Africa (UBA) Plc hosted diplomats, government officials and business leaders to a networking reception in partnership with the esteemed Business Council for International Understanding (BCIU) and the U.S. Department of States in Washington DC on Monday . The event which was held on …

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has taken decisive action against Heritage Bank by shutting down its head office in Lagos.   This move comes in response to the bank’s management’s recent mass sacking of over 1000 personnel without following due process. NUBIFIE vowed to …

Nigerian Breweries says some employees will be affected by the company’s cost savings measures adopted to improve its finances. Cost savings measures were adopted by Nigerian Breweries following the N106 billion net loss reported in 2023. During a media briefing in Lagos on April 17, the company said the workforce …

A Bloomberg report this week said Nigeria was burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank was depleting its dollar holdings to support the naira after pledging it would allow the currency to float more freely. The Governor …