BUSINESS

LAGOS – Landlotto, a lottery platform in Nigeria, has just announced Tobi Bakre as their new brand ambassador. Tobi Bakre is a popular actor, influencer and reality TV star, mostly known for being a finalist on Big Brother Nigeria Season 3. This newly announced partnership with LandLotto consolidates the company’s …

By Ayomide Oriade Low internet penetration, bad road network and infrastructure deficit were among the hindrances identified to forestall e-commerce success in its early days in Nigeria. This was largely due to the fact that the majority of the country’s population lived in rural areas. This was – and still …

LAGOS – The Group Managing Director/CEO of Access Bank PLC, Herbert Wigwe has been honoured as the ‘Banker of the Year’ at the 2020 Leadership Conference and Awards, held in Abuja, on Thursday, September 9, 2021 The award, according to the organisers of the event was in acknowledgment of his …

LAGOS – The digital lending revenue of Access Bank has increased from N1 billion in the first half of 2019 to N5 billion in the first half of 2021, indicative of a growing appetite and increased adoption of digital lending. According to the Bank, the transaction value grew from N17 …

LAGOS – In furtherance of its commitment to spearhead value-driven mobile and digital banking in Nigeria, First Bank of Nigeria Limited has announced the launch of the LIT Application, created to revolutionise the culture and experience of mobile banking in Nigeria. According to a release e-signed by Folake Ani-Mumuney, Group …

LAGOS – Guaranty Trust Holding Company Plc (GTCO), has released its audited financial results for the period ended June 30, 2021, to the Nigerian and London Stock Exchanges. A review of the results shows a decent performance across key financial metrics against the challenging business environment. This performance reaffirms GTBank’s …

LAGOS – One of the frontliners in the Africa’s financial institutions, United Bank for Africa (UBA) Plc, has posted N76.2 billion gross profit in the first half of 2021 ended June 30, 2021, recording growth across all major income lines and performance indicators. It was scooped that the pan African …

By Ayomide Oriade When Africa’s e-commerce market leader, Jumia released its 2021 Q2 result, one of the interesting revelations was the upward trend of orders on the platform. The e-tailing platform said “Orders reached 7.6 million, up 13% year-over-year.” This, the report said, was the fastest volume growth of the …

LAGOS – Zenith Bank Plc has announced its audited results for the half-year ended June 30, 2021, recording positive growth across key financial metrics despite a challenging macroeconomic environment exacerbated by the COVID 19 pandemic. According to the Bank’s audited half-year financial results presented to the Nigerian Exchange (NGX), the …

LAGOS – First Bank of Nigeria Limited has announced its sponsorship of ‘A Deep Dive Into History’, a theatre production from the Duke of Shomolu (DOS) Production House, spearheaded by Joseph Edgar. A deep dive into history comprises two exciting stage plays – Aremu and Awo, showing from the 22nd …