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S&P: FBNH, FIRSTBANK BOARDS’ CHANGES ENSURED STABILITY

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 …

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Q1 Report: Jumia Records Increase in Gross Profit

…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, …

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V Bank Wins Banking App of The Year

V Bank, Nigeria’s foremost fully digital bank powered by VFD Microfinance Bank has won the Banking App of the Year Award at this year’s GAGE Awards held in Lagos, this April. The second edition of the award tagged: ‘’Year of The Digital Takeover,’’ is a comprehensive celebration of individuals and …

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