Business

Business

Business growth remains high on the African boardroom agenda despite economic and socio-political headwinds

Africa’s CEOs are confident that the outlook for business on the continent remains positive notwithstanding the unpredictable economic and socio-political climate. PwC’s (www.PwC.com) Africa Business Agenda report shows that 85%…

Business

Heritage Bank, Triton Aqua N2bn facility to boost job creation, capacity to 15, 000 tonnes

The N2billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to boost…

Business

Dangote denies supporting new Ponzi scheme

The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, Cussons and other reputable food processing companies” in launching a multi-level…

Business

Shareholders Applaud NB’s Performance, Approve Dividend

Shareholders of Nigerian Breweries Plc have lauded its 2016 financial performance and approved the dividend proposed by the Board. The shareholders who spoke at the 71st Annual General Meeting of…

Business

SEC dissolves Ikeja Hotels Plc board

Securities and Exchange Commission (SEC) has announced the dissolution of the board of Ikeja Hotels Plc due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc. The…

Business

Calling all entrepreneurs and developers of renewable energy projects in Africa

Access Power (www.Access-Power.com), a developer, owner and operator of power projects in emerging markets, and its strategic partner EREN RE today announced an extension to the deadline for applications to…

Business

NJ Ayuk’s Big Barrels Leads the Way forward to Africa oil and gas 2.0

As an exemplary African entrepreneur, NJ Ayuk has intimately witnessed the transformative impact of the oil and gas industry on the continent, being an active player in building countries, shaping…

Business

CBN bars 16 banks from forex’s SME window

The Central Bank of Nigeria (CBN) on Tuesday wielded the big stick on 16 Deposit Money Banks as it stopped them from participating in the Small and Medium-scale Enterprises window…

Business

MyStocKIT: Heritage Bank launches MSME app for ease of doing business

In line with its commitment to ensure swift expansion of the micro small medium enterprises (MSME) market segment, Heritage Bank has introduced MyStocKIT, an android hand-held solution that enables clients…

Business

MTN Nigeria sacks 280 long-serving workers, others

In one fell swoop, South African telecoms firm, MTN, on Friday sacked 280 of its employees in Nigeria, in a major job cut that affected about 15% of the company’s…

Business

Trucks leave Apapa over poor access roads – RTEAN

The Chairman of Road Transport Employers’ Association of Nigeria (RTEAN), Musa Mohammed has said that more than 400 trucks have left Apapa and Tincan port areas in Lagos in the…

Business

Recession Not A Crime, A Wakeup Call To Rearrange Expenditure – Ambode

Lagos State Governor, Mr. Akinwunmi Ambode on Saturday said that contrary to the view held by most people, recession was not a crime but a period that calls for government…

Business

Sterling Bank Fraud: Court Remands Nigerian Blogger, Whistleblower In Prison

A Federal High Court in Lagos on Friday remanded a Nigerian blogger and publisher of online news medium Secrets Reporters, Tega Oghenedoro aka “Fejiro Oliver”, and a former staff in the Customer…

Business

Diamond Bank Strengthens Growth in Q1 2017

Diamond Bank, yesterday, transmitted its Q1 2017 financial accounts to the Nigerian Stock Exchange, NSE, showcasing focused and strong determination to continue to strengthen growth in key financial parameters. The…

Business

Ecobank Drives Digital Strategy, Merges 74 Branches

Ecobank Nigeria limited has entered an advanced stage of its digital transformation agenda which is aimed at enabling its customers depend more on its digital platforms to do their daily…

Business

Nigeria’s economy was a ‘disaster’ in 2016. Will this year be different?

Africa’s top oil producer is expected to return to growth this year after suffering its first contraction in a quarter century in 2016. But there are precious few reasons for…

Business

Lagos Aims To Attract More FDIs

Lagos State government is determined to ensure that more Foreign Direct Investment (FDI) are attracted to the State by putting measures in place to engender an enabling business environment. Professor…

Business

ETI announces 15% increase in PAT N18.68bn for Q1 2017

As part of its re-engineering effort and coming from a loss position in 2016, Ecobank transnational incorporated (ETI) has announced 15 per cent increase in profit after tax to N18.7…

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