Banking

Wema Bank begins registration for technology competitions.

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…
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Real Estate

FCMB, firms partner on housing loans

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…
Real Estate

US system, bank invests $274 million in affordable housing

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…
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Brands & People

LAPO MfB rewards its clients.

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…
Fashion

Business development requires good knowledge - Fashionpreur

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…
Banking

Unity Bank appoints new chairman, Obasanjo's daughter as new director

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…
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Market

The stock market decreased by N476bn

The market capitalisation of the Nigerian Exchange Limited dropped below N30tn last week, weeks after it crossed the mark, leading to a loss of N476bn for investors. This bearish trend started on Monday with investors losing N3bn to close at N 30.391 tn. On Tuesday, the…
Brands & People

Unilever exits Nigeria's home and skincare markets

Fast Moving Consumer Goods, Unilever Nigeria, has said that it will be exiting the home care and skin cleansing markets to reposition its business for sustained profitability. This was revealed in a corporate notice to the Nigerian Exchange Limited and signed by its Company…
Technology

FG provides grants to mini-network developers.

The federal government has announced plans to award subsidies to mini-grid developers for the deployment of solar power mini-grids to 150 underserved and unserved electricity sites across seven states. The government announced this in a statement issued by the Rural Electrification Agency on Friday. It noted the deployment of the mini-grids would be driven by the private sector. It said the…
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