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Business

March, 2016

  • 24 March

    Tony Elumelu’s $100m Foundation Attracts 1000 New Entrepreneurs

    tony elumelu

    The Tony Elumelu Foundation (TEF) announces the selection of 1,000 entrepreneurs for the 2nd round of the Tony Elumelu Entrepreneurship Programme (TEEP).   Launched in 2015, TEEP is the largest African philanthropic initiative devoted to entrepreneurship and represents a 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs and add $10 billion in revenues ...

  • 24 March

    Fidelity Bank Raises N30billion MSMEs Fund

    Fidelity Bank Plc has said the N30 billion it is raising from the Nigerian capital market will be injected into funding of Micro Small and Medium Enterprises (MSMEs) especially those focused in non-oil exports. Managing director/chief executive of the bank, Nnamdi Okonkwo, said he foresees an imminent growth in non-oil export as more Nigerians, governments begin to wake up to ...

  • 24 March

    Guinness, NB, NBC, Others Sacked 405 Workers

    Companies in the food, beverage and tobacco sector have sacked about 405 workers in the last four months, the National President, Food, Beverage and Tobacco Senior Staff Association, Mr. Quadri Olaleye, has said. According to him, the companies that have negotiated redundancy of their senior staff members from December till March under the guise of inadequate foreign exchange are Guinness ...

  • 24 March

    Environment Minister Harps On Partnership As Shell, Imani Deliver New Estate In Abuja

    Minister of State for Environment, Alhaji Ibrahim Jibrin; Executive Director, Imani & Sons Nigeria Limited, Alhaji Suleiman Abubakar; Minister of Environment, Hajia Amina Mohammed; Director, Shell Nigeria Closed Pension Fund Administrator (SNCPFA), Mr. Guy Janssens; SNCPFA Managing Director, Mr. Akeeb Akinola; and the Managing Director, Abuja Investment Company Limited, Dr. Musa AHmed Musa, at the inauguration of the Imani-Shell Estate Phase 2 in Abuja ...on Monday

    The Minister of the Environment, Hajia Amina Mohammed, on Monday described partnerships as a thrust of the President Mohammed Buhari administration. The minister spoke at the inauguration of the Imani-Shell Estate Phase 2 located in Maitama District of Abuja in the Federal Capital Territory (FCT). The project was developed by Shell Nigeria Closed Pension Fund Administrator (SNCPFA), in partnership with ...

  • 24 March

    GTBANK LAUNCHES INNOVATIVE SERVICE DELIVERY CHANNEL – BANK 737

    BANK 737 VISUAL

    Over the last few weeks, Nigerians all over the country have been faced with the question; Whatisthe737? From billboards to hash tags and radio hypes. Introduced by Guaranty Trust Bank plc, Bank 737 is more than just well rhyming numbers; it’s a simple, smart, and safe way to bank anytime, anywhere and on any device. Imagine if opening an account ...

  • 23 March

    UBA Oduoza Turns Teacher; To Promote Financial Literacy

    Phillips Oduoza, UBA - MD

    United Bank for Africa (UBA) Plc joined other financial institutions and the Central Bank of Nigeria (CBN) to celebrate the global money week. The UBA, had last week, held a financial literacy day for about 500 pupils at Imaguero College in Benin City, Edo State capital. Group Managing Director and CEO of UBA Plc, Phillips Oduoza, personally tutored the students ...

  • 22 March

    Zenith Bank Basketball League: Benue Princess Beat Coal City Queens 73-39 For Second Win

    Benue Princess on Monday thrashed Coal City Queens of Enugu 73-39 to record their second win in the Phase One of the 12th Zenith Bank National Women Basketball League. The Makurdi-based side had in their opening game on Saturday defeated Taraba Hurricanes of Jalingo 56-17 and lost 38-43 on Sunday to Plateau Rocks of Jos. The Group B match, played ...

  • 22 March

    Dangote Fellowship Lauds Selection of 3 Nigerians as World Economic Forum Young Global Leaders

    aliko dangote

    The Dangote Fellowship sponsored World Economic Forum (WEF)’s Young Global Leaders has released the names of the 121 laureates of the Class of 2016 of the Forum for Young Global Leaders (YGL) comprising government leaders, scientists, emerging entrepreneurs, government leaders, social activists and artists. Three Nigerians are among the fresh list of Leaders, aged under 40, who are pushing boundaries ...

  • 22 March

    Sterling Bank after tax grew to N10.29bn in 2015

    adeyemi adeola

    Sterling Bank Plc has reported 6.28 per cent increase in its gross earnings for audited financial statements report for the year ended 31 December 2015. The bank recorded growth in virtually all its performance indicators for the year as its gross earnings rose by N6.515 billion from N103.679 billion it made in 2014 to end 2015 with N110.194 billion. It’s ...

  • 21 March

    Zenith Gets CBN Kudos For Funding Non-Oil Export

    Central Bank of Nigeria (CBN) Deputy Director, Trade and Exchange Department, W. D. Gotring has ranked Zenith Bank Plc high among non-oil export supportive banks. Speaking at international trade seminar organised by Zenith Bank Plc in Lagos, with theme: ”Exporting for growth: Opportunities in non-oil export”,  he called on the government and other stakeholders to diversify the economy from oil ...