Business

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

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 both companies operate under the […]

Business

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

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 meeting recently on the need […]

Business

FirstBank upgrades internet banking platform to promote e-Banking efficiency

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 computer or mobile devices is […]

Business

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

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 reducing maturity mismatches between foreign-currency […]