GTBank advises customers as work resumes
Businessam StaffMay 4, 2020
Guaranty Trust Bank (GTBank), one of Africa’s foremost Financial Institutions, has advised its customers as work resumes after the lockdown in Lagos, Ogun and the Federal Capital Territory to observe the protocols prescribed by the health regulatory authorities. This was contained in a statement released by the bank to the public. According to the statement, the […]
Ecobank records $393m revenue in Q1
Moses ObajemuMay 1, 2020
Ecobank International has recorded an operating income (net revenue) of $393 million for the first quarter ended March 31, 2020.. The result shows a one percent rise on a reported basis and 14 percent in constant currency. According to a statement issued by the bank, its operating expenses went up by one percent to $259 […]
Polaris Bank celebrates first year of operation, declares ₦27.8bn profit
Moses ObajemuMay 1, 2020
…Capital adequacy and liquidity ratios above regulatory requirements …To reap benefits of IT investment in 2020 It was cheering news over the weekend as Polaris Bank Limited released its first Audited IFRS 2019 compliant financial result posting a profit before tax of N27.8billion. The result which posits a compelling narrative in the history of Nigeria’s […]
Nestle partners IDH to boost production of agricultural raw materials
Kenneth AforApril 29, 2020
Kenneth Afor Nestle, one of the world’s leading conglomerate in the food and beverage sector, has partnered with IDH Sustainable Trade Initiative to support small holder farmers and Small Medium Enterprises (SMEs) in West and Central Africa to ramp up production of agricultural commodities used as raw materials. The three-year partnership seeks to support 25,000 […]
Heritage Bank joins WHO to advocate zero malaria by 2030
Omobayo AzeezApril 28, 2020
By Omobayo Azeez Heritage Bank Plc has joined the world to commemorate the 2020 World Malaria Day, amid fears that paying much emphasis on the novel Coronavirus Pandemic could reinforce progress on the mosquito-borne disease, especially in Africa. The theme of the World Malaria Day 2020 is entitled, “Zero Malaria Starts with Me,” which is […]
Africa’s biggest airline fights for ‘survival’ amid pandemic
Businessam StaffApril 22, 2020
op Ethiopian Airlines CEO Tewolde Gebremariam told an aviation conference in Addis Ababa the coronavirus pandemic was “a temporary problem” – comparable to a natural disaster or a spike in oil prices. Several weeks later Africa’s largest carrier is locked in what Tewolde describes as “a struggle that we’re performing for survival”, ramping up cargo […]
Nigerian startup, mDoc, makes Google’s startups accelerator on SDGs list
Omobayo AzeezApril 13, 2020
Google announced Wednesday that Nigerian startup, mDoc, has been selected among 11 startups to participate in the fully digital inaugural Google for Startups Accelerator on the Sustainable Development Goals (SDGs). According to the tech giant, the 11 were selected based on their vision to address challenges outlined in the United Nation’s SDGs, including poverty, […]
COVID-19: FirstBank reinforces e-banking offerings; appreciates customers
Omobayo AzeezApril 13, 2020
By Omobayo Azeez First Bank of Nigeria Limited has reassured its customers of reinforcement of its electronic banking offerings to support them with real time financial services solution as the restrictions triggered by Coronavirus in the country continue. The bank, in a statement released recently and signed by Adesola Adeduntan, its chief executive officer, hailed […]
COVID-19: Ecobank commends doctors, nurses, others
Businessam StaffApril 9, 2020
Patrick Akinwuntan, managing director, Ecobank Nigeria, has commended those contributing to keeping the country safe as the world battles the dreaded Coronavirus pandemic. According to him, this group of people have continued to put the needs of others first and show sacrificial love to support the country’s effort at containing the scourge, stressing that, the […]
Air Peace breaks new frontiers, lifts 274 Israeli citizens from Lagos, Abuja to Tel-Aviv
Samson EchenimMarch 29, 2020
Despite suspending scheduled commercial operations due to coronavirus fears, Nigeria’s biggest carrier, Air Peace on Sunday, broke history when it evacuated 274 Israelis from the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport, Abuja (NAIA) to Tel-Aviv, Israel. The flight, which airlifted 65 passengers from Lagos and proceeded to Abuja to […]