The Ibadan Electricity Distribution Company has promised to restore power supply following a three-week blackout experienced by landlords, residents and business owners in Ibafo, Magboro, Makogi, Oke-Afa and Aseese, among others, in the Obafemi Owode Local Government Area of Ogun State.
It, however, failed to give a timeline for the restoration of power in the affected communities.
In a response…
Circulation of old notes: CBN starts monitoring today and the bank has set a two-week target.
March 24, 2023
The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide.
The central bank had…
American sports goods giant Nike reported a decline in third-quarter earnings on Tuesday despite beating Street expectations.
The company reported revenue of $1.24 billion, or $0.79 per share.
This compares with $1.40 billion, or $0.87 per share in third quarter of…
Wema Bank Plc has opened application entries for the fourth edition of its tech talent discovery and nurturing project among university students tagged Hackaholics 4.0.
Announcing the commencement of entries for Hackaholics 4.0 at a press conference on Tuesday in Lagos, the bank’s Executive Director, Digital Services, Mr Tunde Mabawonku, said as bank was innovating, it was also helping…
First City Monument Bank says it has partnered with real estate firms, Brains & Hammers Limited and Brooks Assets & Resources Limited, to provide affordable housing for salary earners and self-employed residents in Lagos State.
A statement by the bank said the…
African entrepreneurs trained and supported by the Tony Elumelu Foundation have generated $2.3 billion in revenue since 2015.
The announcement was made Wednesday in a brochure edited to mark the 60th birthday of TEF founder Tony Elumelu.
According to the brochure’s…
The United State Government’s Prosper Africa initiative has announced the close of $274min long-term financing for the housing sector in Nigeria and other West African countries.
TO achieve this goal, Prosper Africa is partnering with Bank of America Securities Inc, Brean Capital LLC, The Bank of New York Mellon, Togo’s Caisse Régionale de Refinancement Hypothécaire, the US Agency for…
Lapo Microfinance Bank has rewarded its customers with cash prizes in its raffle draw promo.
During the live draw that took place at its head office in Lagos, Lapo said it organised the event to encourage savings culture among Nigerians.
At the promo, 170 winners got…
The Chief Executive Officer, Mykmary Fashion House, Micheal Onyemah, has said that a sound knowledge of the principles of business is needed to make entrepreneurs succeed.
He made this disclosure at his Lagos office over the weekend.
He said, “It takes more than just…
Unity Bank Plc has appointed Hafiz Mohammed Bashir as the acting chairman of its Board of Directors.
Iyabo, one of the daughters of former President, Olusegun Obasanjo, was also appointed as a non-executive director.
The appointments followed the retirement of Aminu Babangida as chairman of the Board of Directors and Dr. Oluwafunsho Obasanjo as a non-executive director.
A notice signed by the…