AfricInvest Fund IV has bought a minority stake in the Nigerian retail store, Justrite Superstore.
In a statement made available to our correspondent Monday, AfricInvest said that this move would allow Justrite to contribute to building affordable grocery outlets that source local products, support domestic agriculture value chains, and create new jobs while improving the availability of safe…
Following the Supreme Court judgment, which extended the validity of the Central Bank of Nigeria currency redesign policy to December 31, some banks across the country have started paying out the old N500 and N1,000 notes to customers.
Guaranty Trust Bank, Polaris Bank and…
Stakeholders in the building industry have been charged to uphold standard ethics, which would put the sector in good light and lead to improved welfare for practitioners.
A professor of Estate Management at the University of Lagos, Nigeria, Timothy Nubi, attributed the high…
Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has said its profit after tax rose by 172 per cent in 2022 financial period.
In a statement on its financial results for full year 2022, it said, “The company reported a profit before tax of N4.5bn, a 172 per cent increase year-on-year, having ended 2021 with a PBT of N1.7bn.
“It also reported a 47 per cent growth in revenue…
The First City Monument Bank has expressed its delight in Babban Gona, a Nigeria-based high-impact social enterprise, for winning the Schwab Award for Social Entrepreneurship at the World Economic Forum annual meeting which held in Davos, Switzerland.
Babban Gona is an…
Stakeholders in the building industry have called on the government to provide incentives to players within the ecosystem as a way of boosting wealth creation and economic prosperity.
They disclosed this at the Nigerian British Chamber of Commerce and the International Real…
Engineering and infrastructure development firm, PPC Limited, has advised contractors to scale hurdles associated with materials sourcing for their building construction projects by building strong partnerships with global suppliers.
In view of the high cost of building materials and supply chain issues, the company in a statement said that supplier relationships had become increasingly crucial…
The Housing Development Advocacy Network has appealed to the Central Bank of Nigeria to give waivers to mortgage banks in the cash withdrawal limit policy.
The report titled “How CBN is underdeveloping the Nigerian mortgage sector” noted that appeals made to the CBN for…
Experts in Nigeria’s built industry have predicted an over 60 per cent rise in the housing deficit by 2050, on the back of rising population and urbanisation worsened by economic conditions.
The Treasurer of the Nigerian Institute of Building, Lagos Chapter, Philips…
African fintech unicorn Flutterwave has denied losing the sum of ₦2,949,557,867 to hackers.
It was earlier reported on Sunday that hackers stole the sum of ₦2,949,557,867, from the accounts of the company and over 300 customers were affected by the fraudulent act.
Meanwhile, the company disclosed nothing of such happened, on Sunday.
The company said, “We want to reassure you that…