BUSINESS

LAGOS – Guaranty Trust Bank Plc has released its audited financial results for the half-year ended June 30, 2020 to the Nigerian and London Stock Exchanges. The half-year result reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank’s loan book grew by 8.1% …

LAGOS – Access Bank PLC and its Group Managing Director, Herbert Wigwe, were recognised as winners of the ‘Agriculture Deal of the Year’ and ‘African Banker of the Year’ categories at the 2020 African Banker Awards. Access Bank was awarded for its role in helping Olam develop their rice operations …

Opinion By Ayomide Oriade Right from the market entry, the odds were hugely stacked against ecommerce on the continent of Africa. Despite the availability of huge markets such as Nigeria, Egypt, South Africa and Kenya, there were huge doubts regarding the needed technology, customer exposure and requisite infrastructure for effective …

LAGOS – First Bank of Nigeria Limited on Tuesday, August 25, 2020 announced its lead to sponsor the TV reality musical talent show – The Voice Nigeria, Season 3. The talent show which is organised by UN1TY Nigeria is created to discover, nurture and bring to the fore musical talents …

Opinion By Ayomide Oriade When the Nigerian Postal Service recently announced a hike in license procurement and renewal fee for logistics firms in the country, Nigerians raised in unison to condemn this move. The social media which is somewhat a revolution platform for Nigerians was littered with backlash and angst …

LAGOS – In its quest to to cushion the negative effects of the Covid-19 on the economy of , Nigerians, Dangote Cement has made 60 new millionaires in one month through its Bag of Goodies promo Season 2. According to the management of the foremost cement company, no palliative could …

LAGOS – Africa’s leading e-commerce platform, Jumia recently announced its financial results for the quarter ended June 30, 2020 with the report showing significant progress on the path to profitability. According to a release e-signed and made available to StarTrend Int’l magazine & www.startrendinternational.com by Ayomide Oriade of PR Redline, …

Opinion By Emmanuel Nwachukwu At the New York Stock Exchange (NYSE) where the stock of Jumia Technologies AG (Africa’ leading e-commerce platform) is listed, the stock is now priced at $17 and the shares are 0.54 points up or 6.03 percent higher compared to its previous closing price of $16.28. …

LAGOS – FBN Holdings Plc has announced the injection of N25 billion worth of equity capital into First Bank of Nigeria. The move is coming on the heels of FBN Holdings’ recent divestment from FBN Insurance Ltd. According to a statement signed by FBN Holdings’ Company Secretary, Seye Kosoko, noted …

ABUJA – President Muhammadu Buhari on Friday, August 7, 2020 in Abuja assented to the Companies and Allied Matters Bill, 2020, recently passed by the National Assembly. According to a release e-signed and made available to StarTrend Int’l magazine & www.startrendinternational.com by Femi Adesina, Special Adviser to the President (Media …