FCMB partners Jamborow to promote financial inclusion in underserved communities
business AMJanuary 9, 2023
By Business AM First City Monument Bank (FCMB) and Jamborow, Africa’s first B2B AI and blockchain driven software solution Platform, have announced a partnership to fast-track financial inclusion to enrich the lives of thousands of Nigerians living outside major cities. The partnership, they said, will accelerate the onboarding of underbanked and unbanked people living in […]
Dozens flooded oil communities get relief materials from NDDC
BEN EGUZOZIE, Chuks IhejirikaJanuary 9, 2023
By Ben Eguzozie & Chuks Ihejirika But citizens need more than flood palliatives to restart their lives Dozens of communities in Nigeria’s oil rich Niger Delta region, which were ravaged by destructive floods last year, have been receiving relief materials from the Niger Delta Development Commission (NDDC), a development-purpose quango established in 2000. According to […]
Agusto upgrades Wema Bank’s bond to BB+ over improved profitability
Cynthia EzekweJanuary 6, 2023
By Cynthia Ezekwe Agusto & Co, Nigeria’s first credit rating agency and a pan African leader in credit ratings and credit reports,has upgraded the rating of Wema Bank Funding Special Purpose Vehicle (SPV) Plc’s Series II N17.7 billion seven-year fixed rate bond to ‘Bbb+’ as a result of significant improvement on key metrics of assessment. […]
9Mobile receives second consecutive SERAS prize for innovation award
Olivia NnoromJanuary 6, 2023
By Olivia Nnorom 9Mobile, Nigeria’s telecom provider, has been recognised for its innovation in driving initiatives that solve critical societal challenges for the second consecutive time at the 16th edition of the Sustainability, Entrepreneurship, and Responsibility Awards (SERAS). The telecom company was awarded the Deborah Leipziger Africa Prize for Innovation for consistently initiating […]
FGN releases ₦13.89bn for 2022 pension retirees
Chisom NwatuJanuary 5, 2023
By Chisom Nwatu The Federal Government of Nigeria (FGN) has released ₦13.89 billion for payment of accrued pension rights for Contributory Pension Scheme (CPS) retirees who retired in the year 2022. The National Pension Commission (PenCom) made the announcement in a statement seen by business a.m, stating that the accrued pension rights represent an employee’s benefits […]
LCCI advocates sustainability measures to boost manufacturing sector
Cynthia EzekweJanuary 4, 2023
By Cynthia Ezekwe As an avenue to hedge risks from inflation, and avoid the negative growth trajectory witnessed in 2022, the Lagos Chamber of Commerce and Industry (LCCI), has urged the government to adopt sustained intervention measures to enhance growth in the manufacturing sector of the country, and improve productivity. The Chamber disclosed that […]
Nigerian banks record 4.8 million BVN registrations in 2022
Rosemary IwualaJanuary 4, 2023
By Rosemary Iwuala Banks in Nigeria recorded a total of 4.8 million new Bank Verification Numbers (BVNs) in 2022, according to the data released by the Nigeria Inter-Bank Settlement System (NIBSS). The total number of registered Bank Verification Numbers (BVNs) in the country during the period under review rose to 56.5 million. This, according to […]
Sahara Group introduces initiative to facilitate sustainability
Cynthia EzekweJanuary 4, 2023
By Cynthia Ezekwe Sahara Group has launched an initiative called “Responsibly Sahara’’ to facilitate the group’s sustainability footprint across Africa, Asia, Europe and the Middle East. The Leading energy and infrastructure conglomerate has the key focus of promoting access to energy and sustainable environments, which it hopes to achieve through the new initiative. Referencing Ejiro […]
Mojisola Adeola resigns as NGX Group company secretary
Cynthia EzekweJanuary 4, 2023
By Cynthia Ezekwe The Nigerian Exchange Limited (NGX) has notified the investing public of the resignation of Mojisola Ruth Adeola, the Group Company Secretary/head of Compliance Group Plc,which took effect from December 31, 2022. This was disclosed in a statement dated January 3,2023,signed by Oscar N. Onyema, the Group managing director/chief executive […]
Konga’s Ekeh, Artee’s Keswani, Sundry’s Enunwa talk up repositioning retail business in Africa
Onome AmugeJanuary 3, 2023
By Onome Amuge Africa is home to an estimated 1.3 billion people, marked by a growing youth population that presents a massive potential retail consumption forecast of about $2.1 trillion by 2025, according to the African Development Bank (AfDB). However, the retail market in the second largest continent by population and landmass is considered […]