BUSINESS

LAGOS – 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. According to a release e-signed by …

By Adedoyin Giwa LAGOS – 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, which …

Opinion: By Adebola Sanni 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 …

By AbuSatar Hamed ILARO-YEWA – The Olu of Ilaro & Paramount Ruler of Yewaland, Oba Kehinde Gbadewole Olugbenle has called on Yewa indigenes not to lose hope in the possibility of a Yewa person becoming the Governor of Ogun State. The first class monarch in Ogun State made this plea …

Opinion By Israel Bolaji-Gbadamosi One of the key metrics that well defines a truly 21st century brand beyond profit making is its ability to connect with customers and stakeholders as a complete enabler, touching on vital aspects of their lives, creating exciting memories and enabling them to access more enjoyable …

By Adedoyin Giwa At the current pace, there’s no denying the improved fortune of eCommerce in Africa. Even the most ardent doubters of eCommerce viability on the continent will accept that the online shopping business is gaining momentum on the continent, contrary to their forecast and expectations. Major African markets …

LAGOS – Wednesday, 5 May 2021 – Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa. According to a release e-signed and made …

LAGOS – If you live in Lagos, Abuja or Port Harcourt, or you reside in any of the other state capitals, you probably take for granted that you actually live in the better of the two worlds that make up Nigeria when it comes to banking. Take Lagos, for example, …

LAGOS – The shareholders of Fidelity Bank Plc have unanimously endorsed the payment of a cash dividend of 22 kobo per share to all Shareholders whose names appear in the Register of Members at the close of business on April 16, 2021. This translates to a dividend yield of 9.2%, …

By Adedoyin Giwa From improving sales volume, to facilitating automated processes in business transactions and the application of new technology, there’s no disputing the fact that ecommerce is opening up the Nigerian economy at an impressive rate. Thriving on a digital economy platform, ecommerce boasts an incredible level of cost-efficiency …