Brands & People

CDK promises continuous innovation in tiling industry

CDK Integrated Industries has reiterated its commitment to continue driving innovation and best practices in the tiles manufacturing sector in Nigeria. In a statement, the company said this during its stakeholders interactive forum in Ikeja, Lagos. Speaking at the event, the Chief Executive Officer, CDK, Mr Bernard Longe, said that the purpose of the event was to build stronger ties with CDK’s…
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Fintech

SEC opens portal for fintech operators

Weeks after announcing the registration of five fintech companies, the Securities and Exchange Commission has opened the regulatory incubation programme for fintech firms operating or seeking to operate in the Nigerian Capital Market. This was contained in a circular issued…
Market

Heirs insurance appoints senior management.

Insurance companies Insurance Limited and Heirs Life Assurance, have made new appointments to senior leadership positions and announced a corporate name change for Heirs Insurance Limited. In a statement issued on Monday, the firm revealed that Heirs Insurance Limited will…
Banking

Wema Bank records N39bn Q1 gross earnings

Wema Bank Plc has said it recorded N39.35bn gross earnings in the first quarter of the 2023 financial period. This was a year-on-year increase of 35.04 per cent from N29.14bn recorded in the corresponding period of 2022. It disclosed this in a statement on its unaudited results for the first quarter ended March 30, 2023. It disclosed that its interest income rose by 31.73 per cent y/y to N33.63bn…
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Market

Dangote wants improved free trade in Africa

A statement said Dangote who was  represented by the Group Executive Director/Group Chief Risk Officer, Dangote Industries Limited, Dr. Adenike Fajemirokun, said this while speaking in Lagos at the launch of a special publication ‘The world ahead 2023’ by The Economist…
Banking

CBN supplies more new notes to banks

With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of the new notes to banks. This was according to a statement by the CBN’s Acting Director, Corporate Communications, Dr Isa…
Transportation

Sanwo-Olu Unveils Electric Buses In Lagos (Photos)

I am excited to announce the first set of electric buses in the Lagos Mass Transit Master Plan as part of our increased effort to modernise every sector of Lagos. Thanks to our partnership with @Oando_PLC, Lagosians can expect a cleaner and greener public transportation system. With the ability to travel 280km at full charge, taking into account our unique travel times in Lagos, our electric…
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Technology

UNDP and WIPO present strong IP system

The World Intellectual Property Organisation and United Nations Development Programme in collaboration with the Nest Innovation Hub, have stated that a robust Intellectual Property system will boost creativity, innovation and sustainable development. The agencies stated this…
Technology

FG is exempt from 5% communication tax

The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services. This is despite a recent communication by the Minister of Communications and Digital Economy, Isa Pantami, that the government has exempted the telecoms sector from excise duty tax. In September last year, the Federal…
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