BUSINESS

LAGOS – The appointment of Mr. Gbenga Shobo as new Managing Director/CEO designate of First Bank Nigeria Limited on Wednesday, April 28, 2021 by the Board of Directors of the Bank has been commended by industry stakeholders who said with the appointment, the Bank will no doubt raise the bar …

By Adedoyin Giwa Meeting the needs of Nigeria’s rural ecommerce consumers requires a peculiar method. The myriad of challenges against the advancement of online shopping culture in rural settlements of African states cannot be overemphasized. To successfully make in-roads in reaching and gaining the trust of rural consumers, ecommerce players …

LAGOS – Top Nigerian lender, Fidelity Bank Plc recorded a strong financial performance in the first quarter of 2021, posting appreciable growth in profits for the period ended 31 March 2021. According to a release e-signed and made available to StarTrend Int’l & online – www.startrendinternational.com by Ejike Ndiulo, Head, …

ABUJA – In furtherance of the Buhari administration’s support for small businesses during the COVID-19 pandemic under its Economic Sustainability Plan (ESP), payment would be made to the next batch of beneficiaries of the ESP Survival Fund’s Payroll support track and the one-off General MSME Grant of N50,000 as from …

By Adedoyin Giwa LAGOS – The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution has announced the appointments of Mrs. Ijeoma Ozulumba and Mr. Kyari Abba Kyari as Executive Director and Independent Non-Executive Director respectively on the board of the Bank. Chairman of the Board of Directors, …

Opinion By Adedoyin Giwa Nigeria, according to the World Population Review, is estimated to have over 99 million adult population. On the flip side of this, the country, according to the Central Bank, has 43.6 million Bank Verification Numbers as at November 2020. From the foregoing, it can safely be …

Lagos, Nigeria – April 2021 – Guaranty Trust Bank Plc has released its unaudited Financial Results for the period ended March 31, 2021 to the Nigerian and London Stock Exchanges. According to a release e-signed and made available to StarTrend Int’l & online – www.startrendinternational.com by Corporate Communication Group, GTBank …

Opinion By Ilerioluwa Phillips Though rural Nigerian communities are plagued with erratic internet service which limits accessibility to e-commerce, there’s increasing level of acceptance and usage of e-commerce in these communities, thanks to efforts of associates of e-commerce brands like Jumia who meet and engage with residents at the local …

LAGOS, April 19, 2021 – FirstBank, Nigeria and indeed West Africa’s premier financial inclusion services provider has announced the launch of its newly designed website at https://www.firstbanknigeria.com/. The new website is upgraded with features that are streamlined to reinforce its role in delivering seamless banking and technology solutions to its …

By Adedoyin Giwa The argument against the profitability of Ecommerce in Africa has been the lack of infrastructure, especially the difficulty with connection and inroad to rural areas where the majority of Africa’s population resides. A 2019 report by the World Bank showed that 49% of Africa’s most populous nation, …