Business

Lagos, Nigeria – September 3, 2024 – CMC Connect LLP (Perception Consulting), one of Nigeria’s foremost Public Relations and Strategic Communication firms, has announced the appointment of Mr. Kunle Elebute as its Chairman-Designate.   He will succeed the current Chairman Mr. Akinmolu Opeodu, effective January 1, 2025. By instituting strong …

Popular financial technology company, Opay has once again rendered its over 40 Million customer base stranded due to an unexplained application glitch, barely a month after customers complained of their funds disappearing into thin air, TRIXX NG reports. facebook sharing buttontwitter sharing buttonwhatsapp sharing buttonlinkedin sharing buttonsharethis sharing button Popular …

…Trains farmers on applications Determined to boost food production and enhance socio-economic development of its host communities, Dangote Cement, Ibese Plant has donated agricultural supplies to local farmers. This initiative is part of the company’s broader empowerment programme designed to ensure food security for the people. In what has become …

Business conditions in the Nigerian private sector were broadly stagnant in August. Although new orders returned to growth, the rate of expansion was only modest and insufficient to result in a rise in business activity, which fell fractionally. Employment continued to increase, however, as firms worked through outstanding business at …

Nigeria’s Letter of Credit payments in the first seven months of 2024 have dropped by 57.04 per cent to $391.91m compared to $912.35m in the same period of 2023. This is according to the weekly International Payments Data provided by the Central Bank of Nigeria on its website. A Letter …

Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2024, recording an impressive triple-digit growth of 117% in gross earnings from N967.3 billion reported in H1 2023 to N2.1 trillion in H1 2024. This superior performance has been achieved even as the Nigerian banking industry …

The Centre for the Promotion of Private Enterprise (CPPE) has advised the Federal Competition and Consumer Protection Commission (FCCPC) to avoid controlling the prices of goods. On Thursday, FCCPC gave businesses a one-month ultimatum to reduce prices. Tunji Bello, executive vice-chairman and chief executive officer (CEO) of FCCPC, said businesses …

The Central Bank of Nigeria (CBN) has terminated the appointments of the board and executive directors of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL). A source at CBN confirmed on Saturday. NIRSAL, a non-bank financial institution owned by CBN, was created to redefine, measure, re-price and share …

The Chartered Institute of Bankers of Nigeria (CIBN) held its 2024 second induction for 741 new members on Saturday in Lagos. The institute reassured Nigerians that the planned banks recapitalisation would boost the nation’s Gross Domestic Product (GDP). The President of CIBN, Prof. Pius Olarenwaju, during the hybrid induction and …

The Lagos State Government has reappointed MoneyMasterPSB, a leading payment service bank, for the second phase of the “Ounje Eko” food discount market, which will open throughout the state on Sunday, September 1, 2024. The Lagos State Government launched Ounje Eko, a programme that offers the people a 25 percent …