Business

Access Bank Plc has announced that it received approval from South African and Nigerian regulatory authorities to acquire South African-based Grobank Limited.  The bank’s expectation of 30% profit outside its Nigerian base, through a series of acquisitions in East and West Africa, is coming to fruition.       According to the announcement, the ...

Is it a coincidence that the two wealthiest individuals on the planet are both nursing space transport dreams? Elon Musk and Jeff Bezos are both front runners in the two foremost and advanced space programs on the planet at the moment.       Although their motive, which is to ...

Winners have emerged at the Heritage Bank Plc, ‘YNSPYRE’ Cream Platform Promo held in Abuja. CREAM Platform, Nigeria’s premiere creative reward platform officially kicked off its partnership with Heritage Bank’s YNSPYRE Initiative with the commencement of the CREAM Monthly draws on Friday – March 26th 2021, rewarding subscribers who dialed ...

…REINFORCES ITS LEADING ROLE IN PROMOTING WOMEN EMPOWERMENT First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced the fourth edition of its annual FirstGem Conference, tagged FirstGem 4.0. The 2021 event is themed ‘The Art of Negotiation’ and convened to provide women with insights on ...

Dangote Cement, one of Nigeria’s largest indigenous companies and the largest by market capitalization incurred a company income tax of N97 billion for the financial year ended December 2020.       This s according to the information contained in its full-year audited financial statements for the period under review. ...

Tesla boss, Elon Musk, the second richest man on the planet lost $8bn from his net worth this week.       According to Forbes, Elon Musk is currently worth $162.4 billion and is still the richest man. Musk’s net worth is highly intertwined with his shares in his Tesla company. ...

The Central Bank of Nigeria’s Naira4Dollar scheme may have attracted about $40 million in foreign remittances in one week, according to a reliable source with knowledge of the scheme.       Sources informs that the scheme had performed a lot more than expected as remittances via commercial banks have ...

Heritage Bank Plc has joined the rest of the globe to celebrate the World Water Day 2021 with plans to assist a community in dire need of clean water by installing a bore hole. The theme for this year’s WWD 2021 is “Valuing Water,” which focuses on the importance of ...

…Thumbs up mobile banking (FirstMobile) and USSD (*894#) platforms Dr Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited said technology, innovation and enhanced capabilities have become necessary to achieve significant business growth in the post-COVID-19. Adeduntan made this remark on Thursday during a Digital Disruption Series webinar organised ...

Guaranty Trust Bank plc has released its Audited Financial Results for the year ended December 31, 2020 to the Nigerian and London Stock Exchanges. A review of the result shows improved performance across all key financial metrics in the face of the unprecedented challenges brought on by the COVID-19 pandemic, ...