Category: Business

Konga, Nigeria’s largest online mall and Yudala, Africa’s pioneer composite e-commerce company have officially announced a merger of their operations which will see them effectively become the biggest organized retail and e-commerce/marketplace outfit on the African continent. The business merger, which takes effect from Tuesday May 1st 2018, will see both companies operate under the KONGA brand name. The strategic decision will see both companies leverage the combined strengths of both platforms and is expected to further broaden the scope of organized retail and e-commerce in Nigeria and deliver more…

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Coronation Merchant Bank Limited (‘CORONATION MB); Nigeria’s leading merchant banking brand, announced its 2017 Full Year Results to stakeholders at its Annual General Meeting held in Lagos, in which the Bank posted a Profit Before Tax of N5.1billion. Speaking at the AGM, Abu Jimoh, Group Managing Director/CEO of Coronation Merchant Bank Limited said that, “despite the tough market conditions that characterized significant parts of the year, the underlying business fundamentals of the Bank remained strong as reflected in the Gross earnings growth of 66% to N25.5Bn in 2017. As we progress in…

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From the promise of mouth-watering delicacies to the allure of savoury wine tastings, the 2018 GTBank Food and Drink Fair is set to deliver, in 3 days, an experience that will certainly remain unmatched for the entire year. On April 29th, 30th and May 1st, 2018, the third edition of the GTBank Food and Drink Fair will bring together small businesses in Nigeria’s food sector, more than a dozen internationally renowned chefs and food experts and thousands of food lovers to create the biggest food experience in Africa. Organized by…

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Nigeria’s Keystone Bank Limited has been honored in faraway United States for its efforts at empowering women entrepreneurs through its different banking packages created for them. The award, the organizers noted is in recognition of Keystone Bank’s leadership role as in expanding access to funds for women entrepreneurs in Nigeria and the rest of Africa where it operates.This feat they further said has brought about unprecedented growth to the business sector and by extension, the nation’s economy and that of Africa. The lender was conferred with The Global Impact Leadership…

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Union Bank recently tutored over 3000 students from 30 secondary schools across the Country as part of activities to mark this year’s Global Money Week and Financial Literacy Day (FLD) based on the theme ‘Money Matters Matter’. The Chief Executive Officer (CEO) of the Bank, Emeka Emuwa accompanied by the Executive Director, Commercial Banking Adekunle Sonola led the team to African Church Grammar School, Abeokuta where they tutored the students on the basics of money, savings, gaining employment and becoming entrepreneurs. The Bank’s Head, Corporate Strategy and Innovation, Lola Cardoso…

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As part of initiatives under its Small and Medium Enterprises (SME) business advisory programme, Union Bank recently organized an empowerment seminar for a cross section of female entrepreneurs in Lagos. The seminar tagged ‘Breaking Barriers – Women in Business’ was designed to provide UnionBank’s female SME customers with practical guides on how to surmount typical challenges faced by small businesses in Nigeria with particular focus on business law, accounting and online marketing. Union Bank’s SME seminars are a frequent feature in its business advisory service and this recent edition was…

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The Honourable Minister of Finance, Mrs Kemi Adeosun has called on tax evaders or those who have not declared their income or pay taxes accordingly to take advantage of the  Voluntary Assets and Income Declaration Scheme (VAIDS) or face prosecution at its expiration on 31st March, 2018. She stated this during the Stakeholder Interactive Session on VAIDS which held on Thursday at the Murtala Muhammed Square in Kaduna State. The one-day Stakeholder interactive session had in attendance business leaders, traditional rulers, captains of industry, state government officials and professional tax…

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In it’s bid to finance the development of Small and Medium Enterprises (SMEs) in Africa, a $100 million seven-year loan agreement has been signed between United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution. The facility will enhance UBA’s capacity to provide access to finance to small businesses across the 19 African countries where the bank currently operates. “We are excited to partner with China Development Bank (CDB), the Development Financial Institution of the Chinese Government, on this…

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Euromoney, a global financial publication has awarded Access Bank Plc with the best ‘Commercial Banking Capabilities’ award. The prestigious award was presented to the bank’s Group Managing Director/CEO, Mr. Herbert Wigwe, at the Euromoney Private Banking Awards 2018, which held at the Landmark in Marylebone, London on Thursday. The awards are the most prestigious in the growing area of wealth management and cover over 60 countries each year, as well as global and regional awards. Euromoney in its recently released results of the annual Private Banking and Wealth Management Survey…

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