Philips Launches Hair Clippers In Lagos

By Aduragbemi Omiyale Zenith Bank Plc has taken a huge step to establish a subsidiary in France, and to make this a reality, it has sealed a Memorandum of Understanding (MoU) with the French government. The Chairman of the company, Mr Jim Ovia, confirmed that the lender may commence operations in the European nation next year, though it is working hard to secure a banking licence. This will add to other countries Zenith Bank has presence in, including Ghana, Sierra Leone, The Gambia, and a Representative Office in China. Speaking at a signing ceremony on Friday, November 24, 2023, Mr

By Modupe Gbadeyanka A business grant of N10 million has been given to 30 members of the National Youth Service Corps (NYSC), who partook in the entrepreneurship development initiative of Unity Bank Plc known as the Corpreneurship Challenge. The young entrepreneurs received funding support for developing innovative solutions in several business value chains like honey production, rice, and snail farming, among others. The beneficiaries pitched their business ideas to judges selected for the competition across 10 state NYSC Orientation Camps; Katsina, Kano, Kwara, Imo, Rivers, Delta, Sokoto, Edo, Akwa-Ibom, and Osun States. At the NYSC Orientation camp at Ikot Itie

By Modupe Gbadeyanka A global provider of audit and certification services, MSECB, has issued a certification to Access Bank Plc for its Anti-Bribery Management System. The certification was issued to the Nigerian lender after implementing effective measures and fostering a culture of integrity within its system and operations. With this certification, Access Bank aims to provide its customers with the highest level of confidence in the bank’s unwavering integrity, assuring them of its zero-tolerance policy for bribery and ethical misconduct, thus fostering a positive relationship, and building trust and credibility among its stakeholders, including customers, partners, and investors. The bank

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians of unauthorised bank withdrawals linked to Automated Teller Machine (ATM) card swap fraud. The commission issued the alert on Monday in a statement by the Head of Media and Publicity, Mr Dele Oyewale. According to the EFCC, fraudsters engaged in this activity typically keep a debit card from the same bank and, under the guise of assisting a confused bank customer at an ATM point, swiftly swap the card while memorising the PIN used with fake cards. “These cards get stuck in the machine due to a

By Anton van Heerden “What do you want to be when you grow up?” It’s a question that most of us heard by the time we were four years-old, with the expectation that the answer would be a single profession or career. But times are changing fast and many people are now rejecting the idea that they should choose to define themselves by only one job for life. Many young professionals and entrepreneurs are embracing the idea of pursuing multiple professional interests in search of better earning power or more personal satisfaction. Becoming an accountant doesn’t mean that you need

By Adedapo Adesanya The Nigeria Navy has uncovered a huge mechanism installed in the Oil Mining Lease (OML) 18 wellhead being used to siphon crude oil into waiting barges in Rivers State. The OML 18 wellhead, owned and operated by the Nigerian National Petroleum Company (NNPC) Limited, was discovered in Port Harcourt. Speaking on this, Commodore Sulaiman Ibrahim, the Commander of the Nigeria Navy Ship (NNS) Pathfinder, said the terrain (site) was discovered by naval helicopter on routine aerial patrol of the waterways and creeks in our area of responsibility when he took newsmen to the site at Kala Ekweama

By Adedapo Adesanya  Following the creation of credit support intervention fund by the Central Bank of Nigeria for the health sector, Unity Bank Plc has launched a product called UnityCares. The new product is intended to ease the facilitation of on-lending scheme targeted at individuals, businesses, manufacturers and services providers in the healthcare sector. UnityCares is a credit scheme, which is aimed at supporting indigenous pharmaceutical companies and healthcare practitioners and other value chains businesses to provide access to loan facilities of up to N2 billion per company at 5 per cent interest rate. The new UnityCare product will thus

By Ahmed Rahma As part of its commitment to innovation, a leading financial institution, Sterling Bank Plc, has upgraded its agriculture commodities trading platform, SABEX. This was disclosed by the Executive Director, Corporate & Investment Banking of Sterling Bank, Mr Yemi Odubiyi, in a statement issued by the lender. Mr Odubiyi explained that the upgraded digital commodities trading platform will provide real-time credit financing solution for farmers, sellers and buyers of agro commodities to transact. He said Sterling Bank has shown beyond every reasonable doubt that it was committed to important innovations, adding that the end-to-end blockchain commodities trading and

By Adedapo Adesanya The African Union (AU) has suspended Burkina Faso in response to the January 24 military coup that ousted President Roch Marc Christian Kabore. The bloc’s 15-member Peace and Security Council said on Twitter it had voted “to suspend the participation of #BurkinaFaso in all AU activities until the effective restoration of constitutional order in the country”. Mr Moussa Faki Mahamat, chair of the African Union Commission, had already condemned the coup the day it happened and before it was clear who was taking charge. Business Post had reported that the West African bloc ECOWAS suspended Burkina Faso

By Adedapo Adesanya Video conferencing platform, Zoom, generated $328.2 million in revenue for the quarter ended April 30 in its recently released financial statements. The revenue generated by the company increased by a whopping 169 percent when compared with the revenue generated by the same period of the previous year. Zoom also reported $0.20/per share in adjusted profit during the three-month period. Ahead of its earnings, shares were up by more than 3 times during the year, as investors were expecting big gains. This is mainly because of the adoption of the Zoom platform around the globe as COVID-19 drove

By Adedapo Adesanya The Central Bank of Nigeria (CBN) has finally released its long-awaited audited accounts for the last seven years, and in the most recent figures for recent the financial year ended December 31, 2022, the apex bank saw a profit after tax (PAT) of N103.8 billion, a 44 per cent increase from the N75.1 billion achieved in the 2021 fiscal year. Business Post reported earlier that the CBN, during the administration of former President Muhammadu Buhari and the governance of now suspended Mr Godwin Emefiele, the books never saw the light of day from 2016 till 2022. However,

By Dipo Olowookere The stock market depreciated by 0.14 per cent on Wednesday as investors begin another round of profit-taking with the key contenders in the 2023 presidential election between the two major political parties now known. Yesterday, a former Governor of Lagos State, Mr Bola Tinubu, emerged as the flag-bearer of the ruling All Progressives Congress (APC) in next year’s poll, defeating the Vice President, Mr Yemi Osinbajo, who came third and former Governor of Rivers State, Mr Rotimi Amaechi, who was the first runner-up. With a former Vice President, Mr Atiku Abubakar, as the candidate of the opposition