BUSINESS

There is hardly a neighbourhood in the country where a retailer is not found and a vacuum automatically gets created in the absence of a formal retail store on any street. The retail business is growing with the redefinition of how supply meets demand. Most recently, retailers need not worry …

By Phillips Ilerioluwa In its report highlighting the impact of women on Nigeria’s economic development, PwC Nigeria, Advisory partner and Chief Economist, Andrew Nevin, indicated that women account for 41 percent ownership of micro-businesses in Nigeria, with 23 million female entrepreneurs operating within this segment.  The strong entrepreneurial spirit of …

Remarkably, the Nigerian digital economy holds immense potential for the overall growth of the economy. As projected by the Minister of State Budget and National Planning, Prince Clem Ikanade Agba, the digital economy would raise the country’s Gross Domestic Product (GDP) to 15 percent by 2025. While there are so …

…Says Pioneer Factory Will Boost Administration’s ICT Innovation SAGAMU – The Ogun State governor, Dapo Abiodun on Thursday, July 14, 2022 inaugurated  the first fibre optic cable manufacturing factory in West Africa and the fifth in Africa, declaring the factory would be a further boost to his administration’s innovation and …

LAGOS – Two years down the line, past winners of the Dangote Cement consumer promo have commended the management for the positive economic impact of the promo on their lives. Just as the company is set to roll out the season three of its promo, some of the winners who …

…Scoops Best Corporate Governance Bank Award At World Finance 2022 Awards LAGOS – Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2022, retaining the award for a second consecutive year. The bank was also named as the Best Corporate Governance Bank, …

OWERRI – An Industrial Court in Owerri, capital of Imo State, has ordered that Zenith Bank Branches in Owerri be sealed until the judgment debt of NI, 970,666,584.68k (One Billion, Nine Hundred and Seventy Million, Six Hundred and Sixty-Six Thousand, Five Hundred and Eighty-Four Naira, Sixty-Eight Kobo) liable by the …

LAGOS – The Banking subsidiary of MTN Nigeria Communications Plc – Momo Payment Service Bank Limited (MPSBL), is currently enmeshed in an alleged N23 billion fraud scandal, one month after the launch of the platform.            It was scooped that the mobile money banking firm has urged the Federal High …

BY PHILLIPS ILERIOLUWA Contrary to the erroneous belief in some quarters that doing business in rural areas is immune from the common challenges that businesses generally face, reality is that micro business owners in underserved areas also have peculiar challenges they go through. Some of these challenges include difficulty in …

Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to the global rating agency, the upgrade is a result of the Bank’s improving business …