The Bank of Industry (BoI) said it has disbursed N22.89 billion out of the N75 billion manufacturing sector intervention fund to 29 manufacturers across Nigeria.Its Managing Director, Dr Olasupo Olusi, made disclosed this on Tuesday in Abuja during his first interactive session with the organised private sector (OPS) streamed online.Dr Olusi also said an additional…
The CEO of Africa’s foremost online shopping platform, Konga Group, Prince Nnamdi Ekeh, has expressed optimism in the E-commerce sector despite the current challenges facing the e-commerce business in Nigeria and most parts of the African continent. Speaking at the 6th Edition of Nigeria sales conference organized by George Emetuche, the CEO of the Selling…
By Caroline Abiodun Aruleoba In a world powered by innovation, technology stands as the engine driving progress in every conceivable sector. From artificial intelligence (AI) to blockchain, from biotechnology to space exploration, technology is shaping how we live, work, play and communicate. Yet, in this dynamic and transformative field, the underrepresentation of women remains a…
The Central Bank of Nigeria (CBN) slammed N1billion fine each on the country’s most prominent unicorns, Moniepoint and OPay during the second quarter (Q2) of this year, sources have said. While several other fintech companies were also penalized, the two firms were worst hit by the huge fine. The penalties followed a routine CBN audit…
Heirs Insurance Group, Nigeria’s fastest-growing insurance group, has launched its “Unwrapping Smiles” campaign. The campaign is a festive initiative designed to bring hope to individuals, families, and communities this holiday season. Running from December 10 to December 31, 2024, the campaign will feature community-focused outreaches, including Christmas gifts and exciting rewards to put smiles on…
Caverton Marine Limited has signed a concession agreement with Naval Dockyard Limited dwelling on the management, overhaul, and leasing of the boat building Glass Reinforced Plastic (GRP) Warehouse. The signing ceremony held at the Naval Dockyard, Victoria lsland, Lagos, yesterday marked a significant advancement in the development of Nigeria’s marine infrastructure. The agreement underscores…
The Lagos State government, National Information Technology Development Agency (NITDA), Galaxy Backbone and others at the weekend emerged winners at 7th .ng Awards, organized by the Nigeria Internet Registration Association (NiRA). The event, held last week in Lagos at the Muson Center Onikan recognized excellence and innovation in various categories, across private, government, and individual….
9mobile has appointed Ina Alogwu as its new Chief Digital and Innovation Officer (CDIO), marking another significant step in the company’s business transformation agenda. In his new role, Alogwu will be responsible for guiding the development and execution of 9mobile’s long-term strategy across the entire digital and technology ecosystem, including new technologies, digital platforms, and…
First City Monument Bank Group (FCMB Group Plc), has announced a 67 per cent growth in Profit Before Tax (PBT) to ₦91.8 billion for the nine months ended September 30, 2024, reflecting robust financial and operational performance across its business divisions. The Group recorded a 67.2 per cent increase in gross revenue to ₦587.8 billion,…
