Business

Following the success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, the Series II, which was released in early May, continues to generate interest among investors. With the N15 billion Series II offer scheduled to close on Friday, 10 June 2022, Stanbic IBTC Asset Management Limited, the Fund …

Business conditions in Nigeria’s private sector strengthened in May, but the rate of improvement slowed from April. Softer uplifts were recorded in output, new orders, purchasing activity and input inventories. That said, new orders continued to rise sharply which prompted a quicker expansion in headcounts. In turn, sentiment improved with …

Employees of Keystone Bank Limited recently supported 352 underprivileged individuals by enrolling them on annual health insurance plans. The beneficiaries who are residents in Abeokuta, Ibadan, Ilesha, Nyanya and Yenagoa were also impacted via medical counselling sessions. The initiative tagged, “The Health Insurance Project” was executed under the bank’s Employees …

Employees of Keystone Bank Limited recently supported 352 underprivileged individuals by enrolling them on annual health insurance plans. The beneficiaries who are residents in Abeokuta, Ibadan, Ilesha, Nyanya and Yenagoa were also impacted via medical counselling sessions. The initiative tagged, “The Health Insurance Project” was executed under the bank’s Employees …

…wins haulage company of the year Shareholders of NASCON Allied Industries Plc, a subsidiary of Dangote Industries Limited (DIL) have commended the food seasoning company over its impressive performance in the year ended December 31, 2021, in spite of the harsh economic operating environment just as the company emerged the …

FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is working. Its profit after tax spiked 108% to N32.4billion on the back of massive loan recoveries and a sharply lower level of …

The retail market in Nigeria consisting of micro businesses is worth over 100 billion dollars, reports have revealed. This sector makes up 50 percent of the nation’s gross domestic product (GDP), making it the major source of economic growth, productivity, and competitiveness. However, this market is with its own challenges …

One of Nigeria’s leading business-to-business ecommerce platforms, Alerzo has reiterated its mission to empower micro businesses so as to operate profitably and sustainably. Through its digital platform, retailers buy consumable goods at manufacturers’ and authorised distributors rates and get the same freely delivered. These automatically save them stress, time and …

The Nigerian banking sector recorded impressive growth in the first quarter of the year, recording a 23.24% year-on-year increase in real GDP. This is also evidenced by the performance of the twelve commercial banks listed on the Nigerian Exchange (NGX). Wema Bank proved its mettle in the key metrics of …