Amid the decline in the prices of cryptocurrencies on the back of rising inflation rates and geopolitical unrest, analysts have outlined some of the ways investors can make returns on their investment.
In the last few days, a stablecoin, called TerraUSD (UST), and its sister currency Luna dropped by about 80 percent, which consequently had an effect on the broader crypto market, including Bitcoin…
Zenith Bank Plc and 10 others have posted a cumulative net profit of N261.991 billion for the first quarter (Q1) ended March 31, 2022.
The other banks are Guaranty Trust Holding Company (GTCO), Access Holdings, Ecobank Transnational Incorporated Plc (ETI), United Bank for…
Sterling Bank Plc has signed a memorandum of understanding (MoU) with the Nigerian Optometrist Association (NOA) to enhance capacity, reduce brain drain and increase funding for the health sector.
The funding component of the deal is expected to see the bank increasing its…
The Aggregator Platform (TAP), an initiative conceived and powered by the employees of Oando Plc has raised over N61 million with the support of 11 implementing partners to impact 36,375 individuals in 7,272 households across 30 communities in Lagos.
TAP, also known as the #HumansofOando, achieved this feat within the last two years since its inception.
TAP was created at the peak of COVID-19 in…
3.021 billion shares worth N31.8 billion was recorded in 29,153 deals by investors
May 24, 2022
A turnover of 3.021 billion shares worth N31.8 billion was recorded in 29,153 deals by investors on the floor of the Nigerian Exchange Limited last week.
The volume of shares traded was, however, higher than 1.8 billion units worth N27.2 billion that exchanged hands in…
Bank of Industry records 75% profit growth, pays shareholders N7.89bn dividend
May 24, 2022
The Bank of Industry (BOI) recorded a 75 per cent increase in its Profit Before Tax to N61.15 billion in the 2021 financial period.
The Chairman of BOI’s Board of Directors, Aliyu Dikko announced the results during the bank’s 62nd yearly general meeting in Abuja.
The…
Nigerian clean-tech startup Kaltani raises $4m to tackle plastic pollution in Africa
May 23, 2022
Nigerian clean-tech plastic waste recycling company Kaltani has raised US$4 million in seed funding to expand its recycling operations across the country.
Founded in Nigeria by Engineer Obi Charles Nnanna, Kaltani aims to solve Africa’s growing plastic waste crisis by promoting the circular economy and recycling best practices.
The startup has a team of 100 spread across its collection…
3INVEST will host the 10th edition of its annual summit Real Estate Unite. Now known as Unite Summit, an ESG event for the real estate industry in Africa to encourage the sector to embrace the sustainability culture and align with the United Nations (UN) Sustainable…
On Sunday, May 15th 2022, Global brand ambassador for Captain Morgan, a deliciously golden and ultra-smooth premium spirit drink enjoyed across the world, arrived in Nigeria ahead of a one-of-a-kind official launch experience scheduled for Saturday, May…
Rising womenswear brand PiiLLz N PoiZn has unveiled its latest in-season collection tagged Bold & Fearless.
According to the brand;
The bold and fearless collection is a capsule collection created from a melange of vibrant colours and rich fabric types. The collection goes beyond just clothes as each piece bears bold layers of unapologetic designs yet is soft enough to match the needs of…