Business

Acquires 45% of OML 17 from Shell, Total and ENI   Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent   Estimated Additional 1 billion barrels of oil equivalent of further exploration potential       Lagos, Nigeria, January …

Lagos, 11 January 2021 First of Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or wallet account. …

  The last four weeks has been that of uplift in fortune for holders of Jumia stock, and the development is rightfully drawing attention of stock-inclined minds: Fruitful yuletide: The stock sold as high as $47 a day to Christmas and has hovered between $34 and $39 since December 11th …

Nigeria’s leading financial institution, Stanbic IBTC Holdings PLC, has highlighted its array of solutions to support businesses in the country to make the most of 2021. The solutions on offer are geared towards providing access to flexible funding for small, medium and large-scale enterprises thereby addressing inadequate access to capital, …

Keystone Bank Limited has upgraded its digital banking experience through the launch of a truly customer-centric mobile application – ‘KeyMobile’ . A statement by the lender said the upgrade is in demonstration of its commitment to deliver superior, convenient, and innovative banking solutions to its customers, thereby promoting the bank’s …

With many countries strategizing for the African Continental Free Trade Area (AfCFTA) that kicked off at the beginning of this month, Dangote Industries Ltd, has stated that its cement expansion plan and fertilizer investments will open new trade routes for the company and Nigeria under the trade deal.    Already, …

  Ikoyi Club based category-1 amateur golfer, Ajayi Tajudeen has emerge winner of the 59th edition of the FirstBank sponsored Lagos Open Golf Championship. Ajayi closed with 1-under par 70 for a total of 7-over the course par to win the Championship by two-shots after 56-holes. Happy at the recently held …

Ecobank Nigeria has launched a radio programme – “Ecobank Business Hour” targeted at empowering small and medium enterprises (SMEs) in the country.  Emeka Agada, Head, SME, Ecobank Nigeria, says the programme which is being syndicated across 10 radio stations in Nigeria is one of the several initiatives the bank is …

By Ayomide Oriade When the wave of covid-19 swept from the street of Wuhan to other corners of the world in the year 2020, businesses were forced to think on their feet for survival strategies. Health and safety measures enforced by authorities across global borders crippled business activities. Digital platforms …

Yemisi Edun First City Monument Bank (FCMB) has appointed an acting managing director in the wake of the sex scandal rocking its managing director, Adam Nuru, and his subsequent stepping aside. The new chief executive of the bank is Yemisi Edun. Nuru had volunteered to proceed on leave while the …