Business

First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking CEO of the Year Nigeria’’, ‘’Most innovative Retail Banking App Nigeria’’ and ‘’Best CSR Bank Nigeria’’ awards by Global Banking and Finance magazine. The respective awards conferred on the Bank are …

Thanks to technology and increasing penetration of the internet in Africa, e-commerce has become a major driver of the fashion and lifestyle market in Nigeria. Tunde Olaniyan, owner of Danami Fashion Store while speaking on the impact of the online marketplace on his business, stated that the company makes most …

…Tasks W/African leaders on youth unemployment   West African Student’s Union (WASU) has commended the aggressive employment generation drive of the Aliko Dangote led companies, urging other wealthy West African leaders to invest in industries that will rid the region of high unemployment rate. President of WASU, Comrade Romans Pillah …

There are increasing signs that e-commerce is making inroads in rural communities in Nigeria with testimonials from residents who are active users of the services. From ordering of gadgets and electronics, to fashion and beauty products, rural dwellers are increasingly joining the online shopping culture. Miracle Francis, a lady in …

In furtherance of its efforts to offer customers endearing experience, Titan Trust Bank Limited, one of the fastest growing financial service providers in Nigeria, has announced the opening of its state-of-the-art branch located at 53, Allen Avenue, Ikeja, Lagos for commercial operations. The Executive Director, Titan Trust Bank, Mrs. Adaeze …

…As construction of Okpella cement factory nears completion Following the surge in demand for cement products in the country, Dangote Cement Plc has restated commitment in meeting the demand gap in order to ensure the availability of Cement products in all nooks and crannies of Nigeria and beyond. Speaking to …

Premium Times is reporting that the Naira fell against the U.S. Dollar on Friday as the Central Bank of Nigeria (CBN) erased from its website the exchange rate that for about a year was seen as the government’s official rate. The move by the CBN raised concerns about the devaluation …

S&P Global Ratings said changes to the boards of First Bank of Nigeria Limited and FBN Holdings (FBNH) Plc, recently directed by Central Bank of Nigeria (CBN), addressed the banking group’s corporate governance challenges and ensures the Nigerian banking sector’s financial stability. In a statement, it stated that its ratings …

…as cost discipline, monetization drives growth Africa’s ecommerce market leader, Jumia has released its 2021 quarter one report, recording 11% year-on-year gross profit increase, as adjusted EBITDA loss decreased by 24% year-over-year. The report by the company also showed a sixth consecutive quarter of positive Gross Profit After Fulfillment Expense, …

Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200  million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to …