Business

In a splendid display, Zenith Bank heralded the Christmas and Yuletide seasons with the Light-Up of Ajose Adeogun Street and Roundabout, Victoria Island, Lagos, on Saturday, 25 November 2023. The Light-Up ceremony was performed by the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeagwu. This year’s Light Up Ceremony, the 17th of its kind, is a Corporate Social ...

Globally, access to finance is a critical success factor in the growth and development of micro, small and medium enterprises (MSMEs). Financial inclusion on the other hand is the availability and equality of opportunities to access financial services. It helps individuals and businesses to access useful and affordable financial products and services that meet their needs. Available statistics show that ...

The Federal Government took the right step by instituting forex reforms and freeing forex previously used to defend the naira, Chief Executive Officer, Ministry of Finance Incorporated, Dr. Armstrong Takang has said. Speaking yesterday at the unveiling of the 2023 Nigerian Banking Sector Report titled: “Getting Nigeria to Work Again!” in Lagos, he said government had in the past, lost ...

Retail lender, unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, an indication of business growth and customer confidence in the Bank. A review of the lender’s unaudited nine-month results released to the Nigerian Exchange Group Limited showed that ...

In furtherance of its leading role in promoting socio-economic development, Nigeria’s premier and leading financial inclusion services provider, has announced the commencement of its Annual Corporate Responsibility and Sustainability Week. For the past seven years, FirstBank colleagues and customers come together to participate in global annual volunteer (Start Performing Acts of Random Kindness) SPARK initiative, to give back to and ...

The management of BUA Group has announced a reduction in the price of its cement from N5, 500 to N3,500 effective Monday October 2nd, 2023. Recall, AbdulSamad Rabiu, chairman of BUA Group, had earlier revealed the company’s intentions to lower the price of cement in Nigeria when it completes its new plants in 2024. Rabiu cited the move as a ...

Fidelity Bank’s upcoming trade expo tagged, the Fidelity International Trade and Creative Connect (FITCC Houston), has received a major boost as the Mayor, City of Houston, Sylvester Turner, has termed it, “A catalyst to support bilateral trade between Nigeria and Houston; and an opportunity for the Houston community and the diaspora to explore emerging trends, forge new partnerships and unlock ...

FirstBank has announced that its FirstEdu product designed to put schools at an advantage in the financing of capital projects such as the acquisition of new property, school expansion and reconstruction has been remodeled to a period of up to a maximum tenor of 48 months. Since its launch in 2018, the FirstEdu loan has promoted the continued improvement of ...

Immediate past National President of the Nigerian Association of Chambers of Commerce and Industry (NACCIMA) and an ex-officio member of the Council of the International Chamber of Commerce (ICC), Ude John C. Udeagbala would represent Nigeria at the African-Korea Business scheduled for Tuesday, 12th September 2023. The summit with the theme, “Africa-Korean Partnership in an Era of Great Transformation” is ...

Retail lender, Unity Bank Plc grew its deposits to N333.38 billion, representing a marginal increase of 2% compared to N327.42 billion recorded in H1’22 in its Half-Year unaudited financial statement submitted to the Nigeria Exchange Group Limited. The growth in deposits demonstrates incremental gains by the lender from its commitment to deepening its retail footprint through a well-diversified banking product suites that caters ...