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 partnership, which offered mortgage loans of up to N75m, would empower FCMB customers and other Nigerians to purchase homes or…
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…
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 consolation prizes, and N500,000 was won by the star winner.
Speaking at the event, the Head, Corporate Planning Department, Lapo…
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…
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 market cap lost N36bn to close the day at N30.355tn. On Wednesday, the pattern was sustained as investors lost N127 billion and…
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…
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…
Real estate development activities in Lagos, the country’s commercial hub, plunged by 14 per cent in 2022 as a result of heightened election uncertainty, currency challenges and inflation, an Intel report said.
The report titled “Lagos Real Estate Development Pipeline Report” disclosed that despite its volatility, the real estate market has remained resilient with bright spots emerging…