May & Baker grows revenue by 27% in 9 months
business AMDecember 28, 2022
By Business AM May & Baker Nigeria Plc, a leading Nigerian pharmaceutical company, has announced a total revenue of N10.3 billion from January to September, 2022. The figure represents a 27 per cent increase against N8.1 billion total revenue generated in the corresponding period of 2021. Despite the rise in cost of production […]
Over $700m agro-produce from Africa lost to rejection in European market, says Afreximbank
Cynthia EzekweDecember 23, 2022
By Cynthia Ezekwe The African Export–Import Bank (Afreximbank) has disclosed that more than $700 million worth of agro-produce from Africa are rejected in the European market due to poor quality. Benedict Oramah,president and chairman, board of trustees of Afreximbank, made the confirmation during the inauguration of African Quality Assurance Centres (AQAC) in Ogun state, […]
Heifer International maintains commitment to support African smallholder farmers
Cynthia EzekweDecember 23, 2022
By Cynthia Ezekwe In line with the United Nations Sustainable Development Goals (SDGs), Heifer International has reaffirmed its commitment to facilitate 10 million smallholder farmers globally, and elevate them into economic self-reliance by 2030. Surita Sandosham, Heifer’s new president and CEO, disclosed this during a recent visit to Heifer International’s operations in Africa. Sandosham’s visit […]
Access Bank strengthens commitment to upskill African youths
Cynthia EzekweDecember 23, 2022
By Cynthia Ezekwe Africa’s leading retail bank, Access Bank plc,has relentlessly made efforts to improve employment opportunities for African youths and facilitate tech talents by upskilling young Africans through its Advance Africa project. Advance Africa project is a brainchild of Access bank, which was launched in 2021, with the objective of training 20,000 African youths […]
ASR Africa grants N5.5bn to 22 Nigerian tertiary institutions
business AMDecember 23, 2022
By Business AM The Abdul Samad Rabiu Africa Initiative (ASR Africa) has announced a N5.5 billion grant to 22 universities and institutions of higher learning across Nigeria worth 250 million naira each towards infrastructure projects under its ASR Africa Tertiary Education Grants Scheme (TEGS). This, according to the Initiative, brings to 30, the number of […]
Jaiz Takaful records 93% rise in 2021 Gross premium written
Olivia NnoromDecember 23, 2022
By Olivia Nnorom Jaiz Takaful Insurance Limited has recorded a gross premium contribution of N1.8 billion in the 2021 financial year, representing a 93 per cent increase from N944 million posted in the corresponding period of 2020. This was disclosed in the company’s 2021 financial report, which was approved by the board of directors at […]
Wema Bank advocates more support for fintech industry
Rosemary IwualaDecember 21, 2022
By Rosemary Iwuala Wema Bank Plc has called for more support for fintech companies so that Nigeria, like its peers, could optimally benefit from the possibilities the industry offers. The bank made this call at The Fintech Summit (TFS) 2022 by Techpoint, which was held in Lagos. Speaking at the summit, Olamide Jolaoso, the bank’s […]
PTAD pays N12.39bn arrears to 11,145 Nitel/Mtel pensioners
Luther AnimashaunDecember 21, 2022
By Luther Animashaun The Pension Transitional Arrangement Directorate (PTAD), has paid a total of N12,39 billion to clear a 15-month estimated arrears for 11,145 Nitel/Mtel pensioners. Chioma Ejikeme, the PTAD executive secretary, who made the disclosure, explained that the 15 months payment is part of the outstanding 63 months of inherited unfunded pension liabilities to […]
Folopay unveils 9PSBmobile wallet
Rosemary IwualaDecember 21, 2022
By Rosemary Iwuala Falopay, a newly established digital finance company, has introduced its 9PSB mobile wallet to Nigerian digital consumers with the launch of several financial packages to enable seamless cashless transactions. The was officially launched at the Lagos State University (LASU),while a second activation was launched at the Aswani market, Isolo-Lagos. Some of the […]
Renewvia signs long-term contract to supply UBA with clean energy
Cynthia EzekweDecember 21, 2022
By Cynthia Ezekwe Renewvia Energy,a United States-based global developer, owner and operator of clean energy infrastructure, and its local partner, Incremental Energy Solutions (IES) Limited, have signed a long-term power supply contract with United Bank for Africa (UBA) to supply the bank’s branches with clean energy generated from Renewvia’s microgrids. The agreement will see Renewvia […]