German sportswear giant Adidas reported Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was “hurting” its bottom line. The company booked a net loss of 39 million euros ($43 million) from January to March, compared to a profit of 482 million euros in the period a year earlier. The…
The Managing Director of Wema Bank, Moruf Oseni, has said that his goal for the bank is to get it into the tier-1 category of banks in Nigeria. Oseni said this on Tuesday at the bank’s head office in Marina Lagos, during a celebration to mark the 78th anniversary of the bank.He said, “This bank…
Access Bank, the flagship subsidiary of Access Holdings Plc has received the approval of the Central Bank of Angola, Banco Nacional de Angola for the acquisition of majority equity stake in Finibanco Angola S.A. This was disclosed in a corporate notice filed on the Nigerian Exchange Limited on Wednesday.Access Holdings had earlier announced the deal…
Fun and Glitz as ISWIS held London fans spellbound with 2-day live show I Said What I Said, Africa and Nigeria’s number one podcast has demonstrated its wide diaspora acceptance as its maiden London live show was held with fun, glitz and glamour to a sold out audience. The live show was initially planned to…
The Central Bank of Nigeria (CBN) has dismissed reports that it is considering the withdrawal of the redesigned N200, N500 and N1,000 notes from circulation.In a statement on Sunday, the apex bank’s Acting Director of Corporate Communications, Isa AbduMumimas described the reports as “unfounded speculation”, noting that there is no plan to phase out the…
By Ayomide Otitoju Leading innovative and sustainable building solutions company, Lafarge Africa Plc, has declared a dividend of N32 billion following the approval of the company’s shareholders at the 64th Annual General Meeting of the Company held in Lagos on Friday, April 28 at the Civic Centre, Victoria Island, Lagos. The dividend declared amidst a…
Financial institution, Access Holdings Plc, has grown its gross earnings by 42.30 per cent to N1.4 trillion in the 2022 financial year from N971.88billion reported the previous year. This was disclosed in its Consolidated and Separate Financial Statements for the year ended 31 December 2022, which was released on Thursday. The appreciation in its gross…
The Lagos Chamber of Commerce and Industry has said that growth in manufacturing remained subdued due to high inflation, continuous rise in interest rates, forex scarcity, high energy cost, and weakening purchasing power. The chamber also urged the Federal Government to sustain its targeted interventions in selected sectors like agriculture, manufacturing, export infrastructure while tackling…
By Ayomide Otitoju Leading telecommunications network provider, Airtel Nigeria, has partnered with AXA Mansard, to launch a digital health insurance plan that provides access to basic health care consultation and minor treatment for customers on the Airtel network.This was announced during a press launch at Airtel Headquarters, on Wednesday, 19th April, 2023. The Airtel AXA Mansard health…
