Business Archives - Page 9 of 45 -

UBA secures $150m from Afreximbank to ease Ukraine war effect on customers

November 14, 2023Olabanji AyoolaLeave a Comment

Group Treasurer, United Bank for Africa (UBA), Adeyemi Adeleke (left); Group Managing Director/Chief Executive Officer, Oliver Alawuba and Executive Vice President, African Import and Export Bank ( Afreximbank), Denys Denya, during the signing of Trade Finance Facility under the Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), on the sideline of Intra-African Trade […]

‘It is safer individuals diversify investments across jurisdictions’

November 6, 2023November 6, 2023Olabanji AyoolaLeave a Comment

Nechi Citizenship by investment (CBI) has caught the attention of high net worth individuals, including Nigerians, in recent years. In an interview with GEOFF IYATSE, the Chairman of Optiva Capital Partners Limited, a leading investment immigration wealth management company that is involved in some investment projects across the globe, Franklin Nechi, spoke about how the […]

Corruption, defiance to laws cost investors N1tr in property loss

November 6, 2023Olabanji AyoolaLeave a Comment

• More than N300b worth of structures may still go down • Demolition, a huge economic waste, say experts • Obey physical planning laws, govt tells developers, residents Official corruption, lax enforcement of extant building regulations, and poor monitoring by government officials contributed heavily to the over N1 trillion worth of property investment loss, which […]

New Forex rules underway – Oyedele

November 1, 2023Olabanji AyoolaLeave a Comment

The Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the Federal Government is planning to introduce new foreign exchange rules — including a crackdown on illegal currency trading by the end of 2023. According to him, it is hoped that the move will result in the naira closing its […]

Zenith Bank’s Q3 profit hits N505 billion

November 1, 2023Olabanji AyoolaLeave a Comment

Zenith Bank Plc has achieved N505 billion profit before tax in its unaudited results for the third quarter ended September 30, 2023. This represents 149 per cent significant leap from N202.5 billion it achieved in the third quarter of 2022. The bank’s profit after tax stood at N434.2 billion, representing 149 per cent growth from […]

Lagos reopens Alaba Market, Trade Fair Complex

October 28, 2023Olabanji AyoolaLeave a Comment

Alaba International Market Lagos State Government has reopened the Alaba International Market and some sections of the Trade Fair Complex in Ojo, Lagos, which were shut down due to issues related to improper waste disposal and other environmental violations. This was made known in a statement on the Lagos State Waste Management Authority’s Facebook page […]

Oyo distributes 16,000 bags of maize to poultry farmers

October 28, 2023October 28, 2023Olabanji AyoolaLeave a Comment

The Oyo State Government on Friday, began the distribution of over Sixteen thousand (16,000) bags of grains (maize) to poultry farmers across the state, under the Sustainable Action for Economic Recovery (SAfER). This was in a statement on Saturdsy by Prince Dotun Oyelade, the Commissioner for Information and Civic Orientation. He quoted his counterpart for […]

FG rallies capital market to bridge Nigeria’s $3tr infrastructure gap

October 26, 2023October 26, 2023Olabanji AyoolaLeave a Comment

PHOTO: SEC Nigeria • As indices dip by N7b amid losses in 19 stocks The Vice President, Kashim Shettima has called for active involvement of capital market stakeholders in bridging Nigeria’s $3 trillion infrastructure deficit. Besides, he also urged various exchanges to develop a focused strategy and create digital technology products that would attract youths […]

Access Bank to splash millions of naira on customers in Xtrawins Transact and Win Campaign

October 25, 2023Olabanji AyoolaLeave a Comment

Access Bank, Nigeria’s top financial institution with a global presence is set to splash millions of Naira and mouth-watering freebies on its existing and new customers. The campaign tagged “Xtrawins, Transact and Win”, runs from October 1 to December 31st, 2023, the bank said in a statement. Speaking to newsmen at the launch of the […]

Capitalisation dips by N140b amid losses in Stanbic IBTC, Nestle, others

October 21, 2023Olabanji AyoolaLeave a Comment

Nigerian Exchange Limited (NGX) Negative sentiments resurfaced on the equities sector of the Nigerian Exchange Limited (NGX) yesterday as market capitalisation depreciated by N140 billion amid losses in Stanbic IBTC, Nestle and 23 stocks. Specifically, at the close of transactions yesterday, market capitalisation of listed equities declined by 0.4 per cent to N36.864 trillion from […]