BUSINESS NEWS

The management of SON has approved a new structure in Anambra, we now have two state offices in Awka and Nnewi and a State regional office also in Awka The Standard Organisation of Nigeria (SON) has created an additional Area office and a Regional office in Anambra state to expand and deepen its operations in the state. […]

The World Bank Board of Executive Directors has approved a supplemental budget support package for Ukraine tagged Financing of Recovery from Economic Emergency in Ukraine – or FREE Ukraine – for $489 million. The package approved by the Board consisted of a supplemental loan for $350 million and guarantees in the amount of $139 million […]

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 […]

    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 […]