Business

  Food and drink manufacturer, CHI Limited has won multiple accolades at the ‘Africa’s Most Admired Brands Awards.’ According to a statement from the firm, its flagship products, Chivita and Hollandia, received recognition at the awards ceremony recently held in ...

  E-commerce platform, Jumia Nigeria, has kicked off the Jumia Festival 2024, a two-week shopping event aimed at offering discounts on products and empowering businesses to reach a broader audience. The festival, themed ‘Shop Authentic, Save More’, kicked off on ...

  China said Friday it would gradually raise its statutory retirement age, state news agency Xinhua reported, as the country faces a looming demographic crisis and an ageing population. “The statutory retirement age for male workers will be gradually extended ...

  Marketing and advertising publication, ‘Marketing Edge,’ has rebranded its annual award as the ‘Edge Awards’, to expand its scope. In a statement, Marketing Edge’s rebrand signals a new era for the awards event known for celebrating outstanding contributions across ...

Rite Foods Limited has partnered with the 2024 Test Festival hosted by The Bug Detective to support young technology professionals. According to a statement, Rite Foods partnered with The Bug Detective to organise the event with the theme ‘Making Quality ...

  LAPO Microfinance Bank Limited has collaborated with the International Institute of Tropical Agriculture to launch a tree-planting initiative aimed at addressing climate change and enhancing environmental sustainability. In a statement on Thursday, the partnership was formalised during a memorandum ...

  The House of Representatives Public Accounts Committee has directed Guaranty Trust Bank to calculate and remit the Value Added Tax on the commission received from Remita transactions between 2015 and 2022 to the Federal Government. Remita is a financial ...

  The Central Bank of Nigeria has directed that all Point of Sale operators must route transactions through licensed payment terminal service aggregators. A circular posted on the CBN’s website on Thursday stated that the move was aimed at enhancing ...

  First City Monument Bank has clinched dual honours at the Development Bank of Nigeria 2024 Annual Lecture Series and Awards. It was named the “Best Bank with the Highest Impact on MSMEs Accessing Credit for the First Time in ...

  The United Bank for Africa Foundation has pledged to plant one million trees across Africa as part of its tree-planting campaign. In a statement made available to our correspondent on Thursday, the initiative, themed “Our Land: Grooming a Greener ...

  The Chief Executive Officer of First City Monument Bank, Yemisi Edun, has called on financial institutions to increase funding for Small and Medium Enterprises, and SMEs. She made the call at a panel session of the annual Banking and ...

  The Nigerian National Petroleum Corporation, NNPC, Limited has asked for office space for about 10 of its staff at Dangote Refinery as part of their crude supply deal. According to Devakumar V. G. Edwin, Vice President, Oil & Gas, of Dangote ...

  The Nigerian Copyright Commission has apprehended three bookshop owners in Rivers State over alleged involvement in book piracy. The Director, NCC, Port Harcourt Directorate, Abdul Babatunde, disclosed this on Tuesday shortly after an anti-piracy operation within the Port Harcourt metropolis. ...

  Few days before the September 15, 2024, date announced by the Nigerian National Petroleum Company Limited to start lifting Premium Motor Spirit, popularly called petrol, from the Dangote Refinery, investigations by The Punch show that no commercial agreement has ...

  The Central Bank of Nigeria has directed all Payment Service Providers to route all transactions from PoS terminals at merchant and agent locations — physical or electronic — through an approved CBN Payment Terminal Service Aggregator. It also issued ...

  Guaranty Trust Holding Company Plc is the first Nigerian financial institution to report a profit before tax of N1tn in six months. The financial giant’s profit represents a 206.6 per cent increase from the N327.4bn recorded in the same ...

  First City Monument Bank has disbursed over N40bn in digital loans from January to August. This was disclosed by the Divisional Head of Personal Banking at FCMB, Adetunji Lamidi, in a statement made available to our correspondents on Monday. ...

  Industry experts will be discussing the future of Nigeria’s financial and economic development at the Access Bank’s Corporate Customer Forum 2024 on September 19 in Lagos. The event, themed ‘Nigeria’s Economic Rebirth: Hopes and Implications’, will address the country’s ...

  The co-founder of the Tony Elumelu Foundation, Dr Awele Elumelu, has said that the foundation empowered 8,000 women in 54 African countries in 10 years. She added that the figure represented 46 per cent of the total number of ...

  Guaranty Trust Bank Ltd, a subsidiary of Guaranty Trust Holding Company Plc, has won the award for Best Bank for Corporate Social Responsibility in Nigeria at the Euromoney Awards for Excellence 2024. The bank, in a statement made available ...

  LAPO Microfinance Bank has announced the appointment of Joshua Etopidiok as a non-executive director. According to LAPO MFB, in a statement on Sunday, Etopidiok is a financial strategist, who brings over 35 years of experience in finance, insurance, risk ...

  Financial technology companies have started charging levies on electronic transfers into personal and business accounts in compliance with the Federal Inland Revenue Service regulations. In a notice to its customers on Saturday, OPay, one of the fintechs, stated, “Dear ...

  Innoson Vehicle Manufacturing Company has proudly announced the launch of its first locally produced electric vehicle. Cornel Osigwe, Head of Communications and Corporate Affairs at IVM, shared the milestone on Facebook, highlighting the significance of this achievement for the ...

  Stanbic IBTC Holdings Plc’s profit after tax soared by 71 per cent to N116.36bn in the first half of the year, from N67.92bn in the prior year. This was contained in the bank’s consolidated and separate statements of profit ...

  In celebration of its 75th anniversary, United Bank for Africa Plc has rewarded 30 customers with over N17m in its August draw. In a statement on Monday, the lender said the event, held recently in Lagos, featured a draw ...