BUSINESS

FirstBank Partners UN1TY Nigeria, Leads Sponsorship Of Voice Nigeria

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 …

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How e-Commerce Drives Logistics Growth In Nigeria

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 …

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How Dangote Turns 60 Artisans Millionaires In One Month

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 …

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Q2 Report: Jumia Records 38% Profit Increase, As Active Users Hit 6.8million

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, …

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Jumia’s march to profitability excites stock brokers

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. …

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FBN Holding Injects N25billion Capital Into FirstBank

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 …

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After 30 Years, Buhari Signs Amended Companies And Allied Matters Bill

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 …

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e-Commerce And Shopping Culture In Emerging Post Covid Era

Opinion By Emmanuel Nwachukwu There’s no refuting the fact that Covid-19 has had a huge impact on every facet of human endeavour. Its economic impact was felt globally. Though the pandemic itself didn’t cripple the economy; its accompanying restrictions hindered the people whose activities ran the economy. According to analysis …

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N41Bn NITEL Liquidation Scam; UBA Distances Self, Describes Reports Untrue, Malicious, Misleading

LAGOS – United Bank for Africa (UBA) Plc has described as “untrue, misleading, malicious, libelous” reports in a section of the media that Mr Tony Elumelu, Chairman, UBA Plc, was allegedly involved in a N41 billion fraud, with respect to the defunct Nigeria Telecommunication Company (NITEL). According to the reports, …

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