Category: Business

• Convertible, inter-company loans on increase • Six firms raise N364b from capital market in five years • High cost of borrowing weighing on real sector, operators warn • Stockbrokers task incoming administration on cost of borrowing, inflation • SMEs in limbo, pay as much as 32% on commercial loans Rising interest rates, devaluation, and […]

Osita Iheme( second from right) was unveiled as TAJBank brand ambassador. Photo: Tribune TAJBank Limited, a Nigerian non-interest bank, has announced Osita Iheme (Pawpaw) and Saratu Daso as brand ambassadors in furtherance of its marketing strategies to popularise its techno-powered innovative products and services in the grassroots and deepen financial inclusion. Speaking during the occasion […]

•Firms relocating to neighboring countries, operators warn •Investors urge govt to improve business environment Lingering inflation, parlous infrastructure and harsh operating environment have continued to assail the performance of the conglomerates industry, causing the listed firms under the sector to lose over 80 per cent in share price. An eight year assessment of stocks under […]

• Unveils incubation for fintech, new business models The Securities and Exchange Commission (SEC) has blacklisted six online trading platforms in its latest crackdown on unregistered firms offering investment services in the country. The blacklisted firms are Prime Invest and Primeinv.co, FXBoxed, New Finance LLC and New Fx Limited and Axi24. Others are Evolve Consulting […]

Seplat Energy Plc has disclosed that its gross profit soared to N91.1 b in the first quarter (Q1) 2023, from N48.8 billion same period last year, rising by 69 per cent.The energy firm, in its unaudited result for the three months ended March 31, 2023, made available to The Guardian, also recorded a rise in […]

Schneider Electric, as part of efforts to check substandard products, has staged an anti-counterfeit sensitisation exercise among trade partners and end-users at the Arena Market and Brown Street in Oshodi, Lagos State. During the roadshow, the target audience was educated on original Schneider Electric products, which also provided the opportunity for customers to learn about […]

Former President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson (left); First Deputy President, Dele Oye and National President, John Udeagbala during the press briefing on the state of the nation in Lagos… yesterday. Credit: Ayodele Adeniran The National President of the Nigerian Association of Chambers of Commerce, Industry, […]

A seasoned accounting and finance professional, Vivian Savia holds an M.A. in International Business Management from Middlesex University, MBA from Alliance Manchester Business School, United Kingdom, and B.Sc in Accounting from the Imo State University, Owerri; the Lead Formulator and Founder of Nature’s Bar Co, she is a professional member of the Institute of Chartered […]