Business News
BoI records N35.54b profit, assets hit N1.86 trillion
The Bank of Industry (BoI) says it recorded a profit after tax of N35.54 billion for the financial year ended Dec. 31, 2020, as its total assets hit N1.86 trillion.
Nigeria’s Konn3ct competes for $78b virtual market
Konn3ct, a Nigerian meeting app is set to rival Zoom, Google Meet, and Microsoft Teams for a share of the $75 billion virtual markets. The post Nigeria’s Konn3ct competes for
FG unveils compendium on states’ economies
The Federal Government has unveiled a publication, Book of States, detailing the economic potential of states and their performances in internally-generated revenues (IGRs). The post FG unveils compendium on states’
Stakeholders seek gains from $47.4 billion on gas projects
Stakeholders in the oil and gas sector have insisted on the need to get the best from Nigeria’s enormous gas resources, as the country embarks on $47.4 billion gas projects.
Bank to leverage Nigeria’s Fintech market, acquires MFI
A Developmental Investment Bank, DLM Capital Group, has revealed plans to expand into Nigeria’s million-dollar fintech industry following its acquisition of Links Microfinance Bank. The post Bank to leverage Nigeria’s
‘Support for indigenous brands critical to economic growth’
The Managing Director, Rite Foods Limited, Seleem Adegunwa, has called on Nigerians to support indigenous businesses to grow and compete with international brands The post ‘Support for indigenous brands critical
MTN to put $6 billion value on mobile money unit
MTN Group Chief Executive Officer, Ralph Mupita, has said that the telecommunications firm targets a valuation of between $5 billion and $6 billion of its mobile money arm The post
Operators decry slow take-off of commodities exchanges
Operators have attributed slow take-off of commodities exchanges in Nigeria to the government’s lack of understanding of the workings of the specialised market The post Operators decry slow take-off of
New digital wallet set to raise banking competition
A digital app that enables users to receive and send money for free and perform other banking services seamlessly has taken off, raising the emerging competition for banking services. The
Underwriter drives acceptance with regional operation
Mutual Benefits Assurance Plc has established a South-West Region Franchise Operation in Ibadan, Oyo State to boost insurance adoption and market penetration. The post Underwriter drives acceptance with regional operation
