Business

Lagos (Nigeria), May 11th, 2022: Jumia (NYSE:JMIA) released today its first Environmental Social Governance Report outlining its ESG strategy alongside an overview of current sustainability practices at Jumia. The report draws on Jumia’s 2021 non-financial data and provides disclosures in line with Sustainability Accounting Standards Board (SASB) materiality topics for …

Stanbic IBTC Asset Management Limited (the “Fund Manager”), a subsidiary of Stanbic IBTC Holdings PLC, is pleased to announce that the N15 billion Series II Offer (the “Offer”) under its Stanbic IBTC Infrastructure Fund (the “Fund”) N100 billion Shelf Programme is now open and scheduled to close on Friday, 10 June 2022. The Fund …

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc has rewarded several of its new and existing customers with cash prizes of ₦100,000 in the maiden draw of the season 2 of its savings promo, Reward4Saving. The first draw of this season, which took place at the Stanbic IBTC Head …

…Hospitality giant reports revenue of N7bn and gross profit of N5.1bn ABUJA, NIGERIA – April 28, 2022 – Transcorp Hotels Plc, Nigeria’s top hospitality company and a subsidiary of Transnational Corporation Plc. (Transcorp Group) has ended Q1 2022 with an impressive result, reporting a 77.4% growth in revenue to N7.04 billion from N3.97 billion …

The Nigerian National Petroleum Company (NNPC) Limited has blamed the return of the queues at filling stations in Abuja to disruption in loading due public holidays last week. The NNPC in tweets on its official Tweeter handle in the early hours of Monday said it was ramping up loading to …

Unity Bank building Unity Bank Plc saw overall improvement in performance across all indicators in 2021, recording pre-tax profit growth of 49.9 per cent to N3.33 billion. Key extracts of the audited report and accounts of Unity Bank for the year ended December 31, 2021 released at the weekend at …

A United States court has rescheduled the trial of Ebony Mayfield, a woman accused of helping the founder of Air Peace, Allen Onyema, to facilitate a $20 million bank fraud. A new court document obtained by PREMIUM TIMES shows the U.S. District Court of Northern Georgia, Atlanta Division, has rescheduled …

The Nigerian National Petroleum Company (NNPC) has cautioned Nigerians not to engage in panic buying of petrol, saying it has enough product for the country. The NNPC said this in a late Sunday statement by its Group General Manager, Group Public Affairs Division, Garba Deen Muhammad. The corporation said the …

The sale of goods or services between businesses, utilizing any of the various online or electronic channels, referred to as B2B e-commerce, is on a steady rise in Nigeria. This rise, both in volume of transactions and number of operators, is prompted by the success recorded by the B2C e-commerce …

  The Joint United Nations Programme on HIV/AIDS (UNAIDS) and the African Business Coalition for Health (ABCHealth) have signed a Memorandum of Understanding (MoU) to partner on joint initiatives that will improve access to quality healthcare across Africa. The MoU was signed by Dr. Erasmus Morah, UNAIDS Country Director and Dr. …