Business

The National Industrial Court Of Nigeria (NICN) Thursday ordered Airtel Networks Limited to pay its former employee, Mr. Abdul-Hakeem A. Olasewere, N165,986,419.98 for wrongful dismissal. Justice J. D. Peters ordered Airtel to comply with the judgment “immediately”. The sum comprises N100million as exemplary damages, N60million as general damages and N1million …

VFD Group, sector agnostic proprietary investment company has announced the launch of its newly designed website – www.vfdgroup.com.  The new website is upgraded with information aimed at reinforcing its drive to build a diverse business ecosystem. The website is configured with a modern interface design and improved user experience that enables first …

Acquisition Brings Advanced, AI powered Omnichannel Conversational Engagement Solutions to BFSI Organizations Gupshup, a global leader in conversational engagement, announced today the acquisition of Active.Ai, the leading Conversational AI platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for BFSI customers. Headquartered in Singapore, …

Shareholders of Zenith Bank Plc, at the 31st Annual General Meeting (AGM) of the bank held on Wednesday, April 6, 2022, at the Civic Centre, Victoria Island, Lagos, unanimously approved the proposed final dividend, expressing delight at the final dividend payment of NGN2.80 per share which brings the total dividend …

Jumia and UPS announced today a partnership giving UPS access to Jumia’s last mile logistics capabilities and infrastructure to grow its delivery services in Africa. Leveraging the Jumia infrastructure in Africa, UPS will offer its customers an extended range of delivery solutions, including door to door package delivery and collection, …

……Proposes dividend of 35 kobo Per Share Lagos, Nigeria, April 1, 2022:  Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1bn according to the bank’s recently issued financial result. Analysis of the results indicates that …

The attention of Stanbic IBTC Bank PLC (the Bank) has been drawn to press reports alleging that a sum of “N83 billion” of what was termed to be “unclaimed funds” had been discovered in the Bank, as part of the hearing by the House of Representatives Ad-Hoc Committee on recovery …

Keystone Bank Limited, a leading financial services provider in Nigeria, has announced the re-opening of its revamped Ikota-VGC, Lagos branch for commercial operations. A statement by the lender on Friday, said the reopening of the branch located at Ikota Shopping Complex, H518 Rd, 3 V.G.C, Lagos, comes after months of …

Female business icons gather to celebrate “Her Motor Insurance Plan” March 31, Lagos Nigeria: Heirs Insurance Limited (HIL), the digital general insurance company, has demonstrated its commitment to gender inclusion with the launch of its motor insurance plan for women, Her Motor Plan. Prioritising safety, the plan offers to its subscribers …

Since its introduction into the Nigerian business scene, e-commerce has become a major driver of the country’s digital economy. It has not only brought about innovative business ideas but is redefining existing businesses for efficiency and growth. Thriving on increasing internet penetration and smartphone revolution, online sales and shopping is …