Business

Group reports best-ever financial performance with record profit of AED 18.7 billion (US$ 5.1 billion), up 71% from last year, record revenue, and record level of cash assets. Group revenue increased 15% to a new high of AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand across its businesses. …

LAUTECH Convocation lecture 1: Bode Ojeniyi, Group Managing Director, Sky Capital & Financial Allied Company Limited, representative of Dr. Taiwo Afolabi, Chairman, SIFAX Group delivering the 16th LAUTECH Convocation Lecture recently. LAUTECH Convocation lecture 2: L-R: Prof. Funke Olagunju, Head of Department, Agric Economics and Extension, LAUTECH; Oliver Omajuwa, Deputy Director, Strategic …

Genesys Engineering Services Limited, GESL, an indigenous power solutions provider in Nigeria is a leading power firm in Nigeria. Over the years, it has become widely known that Nigeria faces a pressing challenge – Energy Poverty. It is no longer news that millions of Nigerians, up to 55% of our …

L-R: Onur Kursun, Executive Vice President & Head of Transfer Solutions, Eastern Europe, Middle East & Africa, Mastercard; Funmi Afolabi, Group Head, Payment and Remittances, Access Bank; Robert Giles, Senior Banking Advisor, Retail, Access Bank; Chizoma Okoli, Deputy Managing Director, Access Bank; Mark Elliott, Division President, Africa, Mastercard, and Folasade …

The exchange rate between the naira and the dollar reached an intra-day high of N1,515 on Monday, according to data from FMDQ, where currencies are traded officially. This represents the worst intra-day high in nearly two months as Nigeria continues to grapple with demand pressures and a globally stronger dollar. …

Renowned crypto analyst and FX Pro trader, Alex Kuptsikevich, has warned that Bitcoin could witness a massive panic sell-off if it drops below the $60,000 level in the coming days. According to market sentiments, Crypto traders are targeting a break of above $65,000 before the market can be deemed bullish. …

This follows reports that that Nigeria’s oil industry regulator is prepared to offer a fast-track sales approvals process for oil companies wanting to sell their businesses in the country. Amnesty International has called on the Nigerian government to ensure Shell is held to account for the pollution and human rights abuses …

Nigerian schoolgirls have been told to set aside their fears and aim for leadership roles in their nation. Globacom, Nigeria’s digital solutions provider, made the call recently at the 2024 Girls in ICT Day observance event in Lagos. Globacom’s representative at the event, Mrs. Kemi Fadipe, exhorted school girls to …

Stanbic IBTC Statement It has come to our attention that there have been some misconceptions circulating in recent media reports regarding Stanbic IBTC Bank’s approach to recognizing expected credit losses (ECL) on our risk asset portfolio. We would like to take this opportunity to clarify our methods and the principles …

  The Managing Director of First City Monument Bank (FCMB), Mrs. Yemisi Edun and Mission Director of the United States Agency for International Development (USAID), Melissa Jones, during the signing of a partnership agreement to facilitate $10 million in new loans for underserved borrowers, MSMEs in the health sector and …