BUSINESS166 Videos

ZENITH BANK SIGNS MOU TO ESTABLISH SUBSIDIARY IN FRANCE

Zenith Bank Plc has signed a Memorandum of Understanding with the French Government to establish a subsidiary in France. The Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, and the French Minister for Trade, Attractiveness and French Nationals Abroad, Mr. Olivier Becht, executed the MoU on Friday, November 24, 2023. According to a […]

GOOGLE ACADEMY AWARDS N75M TO 15 ENTREPRENEURS

Google’s Hustle Academy, has recently graduated over 5,300 small and medium-sized businesses (SMBs) across Africa, showcasing their commitment to enhancing their business skills and knowledge. The graduation marks a continuation of the program’s impact, with over 10,300 entrepreneurs having participated since its inception in 2022. Alongside the graduation, 15 SMBs have been chosen to receive […]

AXA MANSARD EMERGES GENERAL INSURANCE COMPANY OF THE YEAR

A Global leader in Insurance and Asset management, AXA Mansard, a member of AXA, has emerged as the General Insurance Company of the Year at the 2023 edition Almond Insurance Industry Awards. The award which was presented to the company at a ceremony in Lagos is another testament of its Industry leadership and unwavering commitment […]

NAIRA DEVALUATION SINKS MULTICHOICE INTO $72M LOSS

MultiChoice, Africa’s leading pay-tv provider, has reported a third consecutive semi-annual loss, blaming forex challenges in Nigeria and persistent power outages in South Africa for its financial woes. In a recent filing, MultiChoice revealed a net loss of 1.32 billion rand ($72.4 million) for the six months ending September 30. The company attributed the loss […]

CBN EXTENDS USE OF OLD NAIRA NOTES INDEFINITELY

Central Bank of Nigeria (CBN) has extended the use of redesigned higher denomination of the naira beyond the December 31 2023 date earlier set for the banknotes to cease to be legal tenders. The apex bank introduced the redesign of N200, N500 and N1,000 denominations in October 2022 and certain deadlines were set for the […]

DANGOTE TO TACKLE UNEMPLOYMENT

Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote, has reiterated the company’s determination to eradicate the high youth unemployment in the country. Fatima, who made this disclosure at the just concluded Lagos International Trade Fair during the “Dangote Day”, said since inception, the desire of the President of Dangote Group, Aliko Dangote, was to […]

FINTECHS SHOULD ENHANCE USERS’ SAFETY, TRUST _PALMPAY

PalmPay, a leading fintech company fostering financial inclusion in Nigeria through technology, has called for improvement in the security and safety of fintech apps to address the upsurge in fraud cases in Nigeria’s financial services sector. At the third Africa Tech Alliance Forum (AfriTECH) on Wednesday, November 8, in Lagos, Temitayo Oduwole, Head of IT […]

TGI GROUP LAUNCHES YOUNG PROFSSIONALS PROGRAMME TO NURTURE EMERGING TALENTS

Tropical General Investments (TGI) Group, has launched the Young Professionals Programme (YPP) in its commitment to nurturing and growth of young Nigerian talents. The YPP programme includes a structured six-week induction program tailored to individual development needs, mentorship and guidance from seasoned industry experts and exposure to diverse industries and markets, including Africa, the Middle […]

DANGOTE REPATRIATES $688M FROM AFRICAN OPERATIONS

Dangote Industries Limited has revealed that it has so far repatriated over $687.98m through various banks in Nigeria. In a statement on Sunday, the company said it brought in $576,008,672.41 through various banks in Nigeria, in addition to a $111,968,109.38 cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines. Dangote re-affirmed its determination and […]

CBN MOVES TO RESTORE INVESTOR CONFIDENCE, BEGINS CLEARANCE OF FX FORWARDS BACKLOG

The Central Bank of Nigeria (CBN) has started clearing backlogs of foreign exchange (FX) forward contract through some banks as part of efforts to rebuild confidence in the Nigerian economy. Reuters quoted the spokesperson of the apex bank, Dr. Isah Abdulmumin, to have confirmed the development yesterday adding that banking sources said an initial payment […]

FIDELITY WINS EXPORT FINANCE BANK OF THE YEAR

Fidelity Bank’s leadership in the exports space has once again been reaffirmed with the bank’s emergence as the Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’(BAFI) Awards 2023. The bank was presented the award at a prestigious dinner event held on Saturday, 28 October 2023 at Lagos Continental Hotel, Victoria […]