Coke Studio Back With Africa’s Finest In Real Wonder Collision
Businessam StaffSeptember 24, 2023
Coke Studio is back with another buzz as it announces an extraordinary collaboration between BNXN, Young Stunna and Nikita Kering in its Real Wonder Regional collision. COKE STUDIO, the iconic platform known for bringing together musical talents from across the world announced its grand return through this extraordinary collaboration that is set to redefine the […]
Nigerian fashion brand DWL gets Qatar accelerator programme recognition
Cynthia EzekweSeptember 21, 2023
By Cynthia Ezekwe. Nigerian Luxury women’s fashion brand,Defining Women’s Lifestyle (DWL), has been accepted into the Scale7 Fashion Accelerator programme funded by Qatar Development Bank (QDB). DWL, known for its bespoke designs, and currently based in Qatar with operations in Lagos and Doha, was selected alongside nine other prominent Qatar-based fashion and design brands for […]
CBN postpones September’s MPC meeting indefinitely
Business a.m.September 21, 2023
Business A.M The Central Bank of Nigeria (CBN) has announced the postponement of its 293rd Monetary Policy Committee (MPC) meeting to decide the future interest-rate direction originally scheduled for Monday and Tuesday September 25 and 26, 2023 respectively. The development was communicated in a circular published on the CBN website The apex bank’s decision to […]
CBN unveils online portal to accelerate microfinance banks licence applications
Business a.m.September 21, 2023
Business A.M The Central Bank of Nigeria (CBN) has unveiled a new online platform for the submission of Microfinance Banks (MfBs) license applications, known as the CBN Licensing, Approval and Other Requests Portal (CBN LARP). The apex bank made the announcement in a statement signed recently by Isa AbdulMumin, the director of corporate communication, noting […]
NNPC,Indorama seal $7bn gas supply deal to unlock $18bn lifetime revenue
Onome AmugeSeptember 19, 2023
By Onome Amuge. The Nigerian National Petroleum Company (NNPC) Limited has signed a memorandum of understanding (MoU) with Indorama Eleme Petrochemicals Company Limited to promote the use of natural gas by large-scale gas utilisation industries. The deal, estimated at $7 billion, was signed by Mele Kyari, the group chief executive of the NNPCL, on behalf […]
Premium flight: Experts weigh in with capacity building, collaboration as panacea
Cynthia EzekweSeptember 18, 2023
By Cynthia Ezekwe. Insurance experts have called on insurers to build capacity, and collaborate to address the high rate of premium leaving their markets to foreign markets. Annually, huge capital leaves the shores of the regional and sub-regional insurance market in Africa, to overseas markets in Europe and America through reinsurance, brokerage business, and underwriting […]
Why insurance remains an ideal adaptation strategy to climate change
Cynthia EzekweSeptember 18, 2023
By Cynthia Ezekwe . Climate change is increasingly becoming an area of engagement by many developing countries, as a result of how it affects many sectors across the globe, which have resulted in the exploration of meaningful options for managing and transferring risks associated with climate change. A 2019 Insurance Banana skins report from […]
Dangote steps up efforts mitigate green house emission across subsidiaries
Business a.m.September 18, 2023
Pan-African Conglomerate, Dangote Group has, in line with global best practice,deployed cutting-edge technology and other measures to mitigate emission of Green House Gas (GHG), and its impacts in all its subsidiaries. This has driven the company’s investments in modern equipment such as analysers, opacimeters, and other continuous emissions monitoring systems used to measure greenhouse gas […]
Fidelity Bank boosts international portfolio with 100% acquisition of Union Bank UK
Business a.m.September 15, 2023
Fidelity Bank has strengthened its strategic initiative on international expansion following the completion of a 100 per cent acquisition of Union Bank UK, a subsidiary of Union Bank Plc. The full-fledged commercial bank said that the buyout is furtherance to its notice of acquisition made on August 2, 2022, which was approved by the Bank […]
UBA’s expanding market share lifts profit after tax 437.8% to N378bn in H1’23
Cynthia EzekweSeptember 15, 2023
By Cynthia Ezekwe. United Bank for Africa (UBA) Plc, recorded a 437.8 per cent surge in profit after tax to N404 billion, for the half year ended June 30, 2023, from N70.33 billion recorded in the same period of 2022, driven by growth across key income areas and substantial progress in expanding market share from […]