Business

Unity Bank MD/CEO, Oluwatomi Somefun   LAGOS. 14.05.2021. Nigeria’s foremost agribusiness lender, Unity Bank Plc has said it will provide additional funding to no fewer than 120,000 smallholder maize farmers in Nigeria in the 2021 wet season farming in Nigeria. The Managing Director/Chief Executive Officer of Unity Bank Plc, Mrs. …

Strategic partnerships with SMEs is one of the major ways e-commerce brands in Nigeria are driving the reach and penetration of online services across the country. One of such partnerships is with small scale logistics companies. For these SMEs, the collaboration comes with more benefits beyond sales and access to …

How they allegedly colluded with the bank to commit the fraud – EFCC Union Bank of Nigeria Plc, one of the old generation deposit money banks (DMBs) in Nigeria is currently enmeshed in alleged N1.9 billion fraud saga. Also indicted in the alleged fraud are three former management officers of …

Access Bank Plc has announced the successful launching of a $500 million 144A/RegS Senior Unsecured Eurobond, as part of its Global Medium-Term Note Programme. According to a notice signed by the company’s secretary, Sunday Ekwochi, and made available on the website of the Nigerian Exchange Limited (NGX), the transaction recorded a …

Mallam Mele Kyari, the group managing director of the Nigerian National Petroleum Corporation, NNPC, has clinched the 2021 BusinessDay Newspaper Oil & Gas Awards as “Energy Executive of the Year” . HRM King Alfred Papapreye Diete-Spiff, the Amanyanabo of Twon-Brass, presented the award to the GMD at the occasion. According …

Low internet penetration, bad road network and infrastructure deficit were among the hindrances identified to forestall e-commerce success in its early days in Nigeria. This was largely due to the fact that the majority of the country’s population lived in rural areas. This was – and still – the situation …

Abubakar Suleiman, Sterling Bank MD The Abubakar Suleiman – led Sterling Bank Plc is currently enmeshed in a N1.7 billion fraud scandal. The fraud is said to have rattled the lender’s financial position and it has landed one of the bank’s staff and a businessman in court. The case which is …

Ecobank Nigeria has presented grand prize of N1 million cheque each to the four winners that emerged at the end of its Super Reward Scheme. The bank says the campaign was to reward customers’ loyalty. For equitable representation of its customers’ base, the Bank segmented the country into four regions …

*Declares 20k per share interim dividend Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered …