BUSINESS

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 …

By AbuSatar Hamed LAGOS – The management of First Bank of Nigeria Limited has announced the constitution of another Board of directors as directed by the Central Bank of Nigeria on Thursday, April 30, 2021. According to a release e-signed by Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications and …

Opinion By Raheem Akingbolu Raheem Akingbolu reviews the new FirstBank’s corporate website and reckons that it would go a long way in strengthening the ability of the Bank’s patrons and other potential customers in addressing basic banking operations. Outside the physical identity of any brand, the most accessible door into …

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 …