BUSINESS

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 …

U.S.A. – In a business which is rarely known to women, a Black woman has managed to defy all the odds and is now the only Black woman to own and operate a banking institution in the United States. Meet Kiko Davis, the majority owner and stockholder of Detroit-based First …

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 …

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, …

LAGOS: In its bid to encourage and enhance easy distribution of cement to consumers nationwide, the Management of Dangote Cement Plc has presented 82 brand new trucks to its distributors According to a statement from the company, the gesture was to further help distributors service their customers efficiently and profitably. …

By AbuSatar Hamed ABUJA – Over the past week, there has been an unnecessary controversy about the Azura-Edo Independent Power Project (IPP) especially the concerns about who signed the transaction documents and who did not sign, thus ignoring the consequences of backing out of the agreements by the Federal Government. …

Opinion By Ayomide Oriade The outbreak of COVID-19 and preventive measures enforced by authorities across global borders has further extolled the importance of technology-based connection and communication between people, businesses, organizations and processes; a convergence that makes up a digital economy. At the last World Economic Forum, global economic leaders …