Business

Facility to strengthen FirstBank’s commitment to gender financing with US$30 million targeted to women-owned and led businesses Partnership will enhance funding to local SMEs to boost growth and promote financial and social inclusion across Nigeria The facility adds US$100 million to CDC/BII’s contribution to the 2XChallenge First Bank of Nigeria …

LAGOS. 03-07-22.In commemoration of International Women’s Day, IWD 2022, Nigeria’s retail lender, Unity Bank Plc is partnering AltSchool Africa to sponsor female students towards the acquisition of specialist software skills – an empowerment initiative to boost the capacity of the female gender. AltSchool Africa is a school for individuals looking to gain technical skills …

Partners of telecommunication giant, Huawei have commended the company for its impact on the Nigerian oil and gas industry and their businesses on the heels of the just concluded 5th Nigerian International Energy Summit, NIES 2022 in Abuja. “Huawei has been a wonderful opportunity for my organization based on the …

Adekunle Adebiyi, the Chief Sales and Distribution Officer of MTN Nigeria, has resigned, Sahara Reporters reported. Adebiyi’s resignation is coming after allegations of sexual harassment and unwholesome practices were levelled against him. A source told our correspondent that Adebiyi stated in his resignation letter that he is leaving the telco …

E-commerce continues to thrive in Africa and in recent times, the conversation has shifted from whether it can work to how the work done  can be sustained. While the market is still far from what is obtainable in the developed world, online marketplaces have contributed to the continent’s economic growth …

Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2021, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group’s balance sheet remained well structured and resilient with total assets and …

For the full year ended December 31, 3021, the Management of Dangote Sugar has revealed that the group’s production volume increased by 9.2 percent to 811,962 tonnes in contrast to 743,858 tonnes, in the corresponding period of 2020. This volume was said to be achieved on the strength of improved …

If indications from two separate but related events that were held last December are anything to go by, then one of Nigeria’s most vulnerable groups may be on the verge of experiencing better times. The events, hosted in two separate states/regions and separated by a 20-day interval, held at a …

In a bid to recover unremitted sum of N75mllion collected as rent, a limited liability company GORI Nigeria Limited has dragged the Chairman of Jaiz bank Plc Alhaji (DR) Adamu Umaru Mutallab before a Lagos high court. In a statement of claim accompanied by statement witness on oath of the …

Mele Kyari, NNPC GMD The Nigerian National Petroleum Company Limited (NNPC Ltd), has recorded a trading surplus of ₦37.50billion for the month of September 2021, representing a 352% increase from the ₦8.29billion surplus in August 2021. Details of the figures contained in the September 2021 NNPC Monthly Financial and Operations …