Ecobank Transnational Incorporated has announced that it has obtained a $250m loan facility to boost its liquidity buffers. According to a statement signed by the Group Chief Financial Officer, Ayo Adepoju, which was filed with the Nigerian Exchange Limited on Monday, the bank said that the loan facility was a senior bridge-to-bond loan facility led…
The Nigerian National Petroleum Company Limited has appealed to the Economic and Financial Crimes Commission to help tackle the menace of crude oil theft in the country, stating that no one is ready to invest in the oil sector due to the menace. The Group Chief Executive Officer of the NNPCL, Mele Kyari, made the…
Female entrepreneurs have been advised to invest in themselves and build structures around their businesses for sustainability’s sake. That was the fallout of the United Bank for Africa Business Series, the Women’s Day edition, held at the bank’s Head office in Lagos recently. The co-founder and Chief Executive Officer of Good Hair Ltd, Chioma Ikokwu;…
Union Bank of Nigeria has reiterated calls for an equitable and inclusive society devoid of biases, stereotypes, and discrimination, especially against women. The Chief Executive Officer of the bank, Yetunde Oni, stated this during the commemoration of the 2024 International Women’s Day. The global campaign theme for this year’s was #InspireInclusion. According to a release,…
In response to the escalating costs of air travel, Dana Air has introduced an array of additional rewards for its frequent flier club members. This initiative aims to express gratitude to loyal customers and ensure that they continue to enjoy seamless travel experiences despite the current challenges in the industry. Speaking on the new initiative…
The Chairman, Federal Inland Revenue Service (FIRS)/Joint Tax board (JTB), Dr. Zacch Adedeji, yesterday, said the country was yet to take full advantage of its growth potential despite being Africa’s biggest economy with a GDP size of $472.62 billion. He said the growth and population advantage of about 220 million had not translated to a…
In bid to support small businesses, Access Bank Plc has launched “YouThrive”, an initiative, which targets to empower 700,000 MSMEs in the country through a 50 billion loan. Deputy Managing Director, Access Bank, Victor Etuokwu, announced this during a press briefing in Lagos. He also revealed that the MSMEs that would benefit from the programme…
Lafarge Africa Plc has announced on the Nigerian Exchange Limited (NGX) a 4.7 per cent decline in profit to N51.14 billion in its audited result and accounts for the full year ended December 31, 2023 from N53.65billion reported in 2022. The cement maker saw its profit dropping by 4.7 per cent over N21.04billion foreign exchange…
Stanbic IBTC Bank, in its ongoing Reward4Saving Promo has rewarded 70 additional customers in the January draw, bringing the total number of beneficiaries to 1,424 since the inception of the promo in 2021. The bank in a statement noted that the Reward4Saving promo is currently in its third season and the promo will run from…
