Konga, Yudala Announce Merger, to Rule E-Commerce, Organised Retail Sector

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Konga, Nigeria’s largest online mall, and Yudala, Africa’s pioneer composite e-commerce company, have officially announced a merger of their operations which will see them effectively become the biggest organised retail and e-commerce/marketplace outfit on the African continent. The business merger, which will take effect from May 1, 2018, will see […]

Dangote: Why I Proposed Private Sector’s Contribution of One Percent to Healthcare Service Delivery

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By Jonathan Eze Africa’s foremost entrepreneur, Aliko Dangote, has given an insight into why he is advocating that the private sector operators in the country should commit one per cent of their profit annually to funding health care services. Dangote had suggested to members of an expanded National Economic Council […]

FirstBank upgrades internet banking platform to promote e-Banking efficiency

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FIRST Bank of Nigeria Limited has upgraded its Internet Banking Solution, FirstOnline, with improved features to promote and safeguard the electronic banking experience of customers vis-à-vis payment efficiency, versatility and productivity in their business transaction. The user friendly and secure internet banking tool, which can be carried out on one’s […]

7.5m Nigerians jobless since 2016 – NBS

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By Emmanuel Elebeke  About 7.5 million Nigerians were doing nothing between January 2016 and December 30, 2017, the National Bureau of Statistics has revealed. This was disclosed by NBS in its “Labour Force Statistics Vol. 2: Employment by Sector Report,” released on Sunday in Abuja. The report shows that 77.55 […]

Stock market makes history with N16.15tr capitalisation

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Investors gain N2.6 trn in 3 weeks Tier-2 & 3 banks lead top gainers THE total value of shares on the Nigeria Stock Exchange, NSE, rose to N16.15 trillion last week, the highest in the 57 years of the Exchange, with  investors gaining N2.6 trillion in a  three-week  boom dominated […]

Banks’ return to global bond market’ll boost foreign currency liquidity —Fitch

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Elizabeth Adegbesan Global rating agency, Fitch, yesterday, declared that the return of Nigerian banks to the international bond market will reduce the country’s foreign currency (FC) liquidity risk. Fitch in its latest rating, yesterday, said: “The return of Nigerian banks to the international bond markets marks a small step towards […]