Business
Heritage Bank empowers ‘HB Lab’ tech start-ups’ winners with $40,000 grants
Heritage bank Plc as part of its efforts to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in...
Afrexim Bank grows 2019 first quarter revenue by 59%
African Export-Import Bank (Afreximbank) reported that it grew its first quarter revenue in 2019 by 59 percent, up from $151.17 million to $240.71...
After 18 years, MTN finally listed on Nigerian Stock Exchange.
18 years and several legal battles after, MTN Nigeria is finally been listed on the Nigerian Stock Exchange. The listing was concluded at...
Photo News: Fidelity Bank Plc, African Development Bank sign $50m line credit
The Fidelity Bank team led by the DMD, Mohammed Balarabe was at the AfDB Office in Abuja recently for the formal signing ceremony of...
Abdoul Aziz Dia Joins UBA Group Board of Directors
The United Bank for Africa (UBA) announced today that Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of...
Kagame, Sall, World Leaders to Attend TEF Entrepreneurship Forum in Abuja
The annual largest gathering of the African entrepreneurs hosted by the Tony Elumelu Foundation (TEF) will hold for the first time in Abuja,...
Nigerian Firm unveils smart software for power management, anti-power surge, fire
As part of efforts to save cost, Schneider Electric has unveiled a range of smart software that will automate power monitoring, protect electrical...
UBA shareholders approve N29.1bn dividend declared for 2018
United Bank for Africa (UBA) Plc shareholders on Tuesday approved payment of N29.1 billion dividend for the financial year ended December 31, 2018,...
Financial inclusion seen improving significantly in northern Nigeria
By Ruth Olurounbi, in Washington DC Nigeria’s Development Financing helped significantly improve financial inclusion in the northern and south south regions of...
Rising public debt seen weighing down Nigerian growth
By Ruth Olurounbi, in Washington DC Economic growth in resource dependent Nigeria is seen weighed down by rising public debt, driven by procyclical...
Provide alternatives, Elumelu responds to IMF on China loan
Mr. Tony Elumelu, chairman of Heir Holdings, has reacted to International Monetary Fund (IMF), warning to Nigeria to be weary of China loan,...
World Bank commits $15bn to reducing child mortality, stunting in Africa
By Ruth Olurounbi, in Washington DC The World Bank will spend as much as $15 billion in fiscal years 2021-2023 to “drastically” reduce...
David Malpass is new World Bank president
The World Bank’s executive board on Friday unanimously approved David Malpass as the development bank’s 13th president. The 63-year-old senior US Treasury official...
FG implements 140 reforms to ease business in Nigeria
•Targets Nigeria to be among 100 countries by 2020 The Vice President, Yemi Osinbajo, has disclosed that the Federal Government...
Nigeria plans 30-year FG bonds in Q2 as country’s debt profile grows 12%
Nigeria’s debt profile grew 12.25 percent, from N21.72 trillion in 2017 to N24.37 trillion ($79.437 billion) in 2018, driven by issuance of promissory...
N778.7bn DISCOS debt seen worsening electricity supply in Nigeria
A new report in a Nigerian local newspaper is claiming that a N778.7 billion debt owed to the Nigerian Bulk Electricity Trading Plc...
