BUSINESS NEWS
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FirstBank, one of Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card, as it will rewards customers with N50million worth of prizes The eight-week promo will end on Wednesday, March 30, […]
The United Kingdom (UK), in partnership with the United Bank for Africa (UBA) and 10 other global organizations have launched a £20 million (10.88 billion) to aid girls education and employment in developing countries. The unveiling of the fund was part of the activities to mark the 2022 International Women’s Day. ADVERTISEMENT The British High […]
THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December, 2021, according to figures obtained from the Central Bank of Nigeria. According to the CBN, for every withdrawal made by a Deposit Money Bank at one of CBN’s branches, an increase in CIC is recorded; and for every […]
THE Nigeria Communication Commission (NCC) has said that it is targeting one billion devices for the Five Generation (5G) network in the next two years. NCC Head of Fixed Network Converged Services, Mr Babagana Digima, made this known at the just-concluded AfricaNXT 2022 in Lagos. Digima said that the 5G technology was meant to deliver […]
The Technologies for African Agricultural Transformation (TAAT), a flagship programme of the African Development Bank (AfDB), has announced plans to boost Africa’s food production by producing 100 million tonnes of food every year through the deployment and the use of smart agricultural technologies. The move, according to the multilateral agency, is expected to cut […]
More than 10,000 people have applied for the UK’s Ukraine Family Scheme since Friday. Under the scheme Ukrainian refugees who have family settled in the UK will be able to apply to come to Britain for three years. The numbers were announced by Home Secretary Priti Patel – on the same day France […]
Not less than 10,000 start-ups across the African continent would benefit from series of initiatives put together by Microsoft aimed at fast-tracking investment in Africa’s start-up ecosystem over the next five years. According to the Managing Director, Microsoft Africa Transformation Office, Wael Elkabbany: “Investments into Africa’s startup ecosystem are growing at an exciting […]
United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics. The 2021 financial result filed by the bank at the Nigerian Stock Exchange (NSE) on March 4, 2022, showed that gross earnings rose significantly to N660.2 billion representing an […]
Reaffirming its commitment to enriching the lives of its customers, leading financial institution, Fidelity Bank Plc, has presented cash prizes to winners of the February draw of the Get Alerts in Millions season 5 promo (GAIM 5). The prize presentation event was held at the Fidelity Bank branch Suru Alaba, Lagos and several branches across […]
Transcorp Hotels Plc has announced a gross profit of N16.23 billion for the year ended December 31, 2021 as against N6.67billion reported in 2020, indicating a 143 per cent increase The results released to the Nigerian Exchange Limited (NGX) showed a 114 per cent growth in revenue to N21.74billion from N10.16billion in 2020. The hospitality company proposed […]
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