Business

Britain’s pubs, restaurants and retailers are gearing up for a roaring trade from celebrations to mark the coronation of King Charles III. But the UK economy as a whole could suffer as workers take an extra day’s holiday. The historic event could help give an instant lift to sentiment and spending in an economy beset…

By Ayomide Otitoju As part of its commitment to continuously drive excellence and innovation in the manufacturing industry, leading innovative and sustainable building solutions company, Lafarge Africa Plc, has opened a state-of-the-art cement bag manufacturing plant at its Cement Plant at Ewekoro, Ogun State. Utilizing the best technology that exists globally, the new bag manufacturing…

German sportswear giant Adidas reported Friday a hefty first-quarter loss, acknowledging its split from controversial US rapper Kanye West was “hurting” its bottom line. The company booked a net loss of 39 million euros ($43 million) from January to March, compared to a profit of 482 million euros in the period a year earlier. The…

The Managing Director of Wema Bank, Moruf Oseni, has said that his goal for the bank is to get it into the tier-1 category of banks in Nigeria. Oseni said this on Tuesday at the bank’s head office in Marina Lagos, during a celebration to mark the 78th anniversary of the bank.He said, “This bank…

Access Bank, the flagship subsidiary of Access Holdings Plc has received the approval of the Central Bank of Angola, Banco Nacional de Angola for the acquisition of majority equity stake in Finibanco Angola S.A. This was disclosed in a corporate notice filed on the Nigerian Exchange Limited on Wednesday.Access Holdings had earlier announced the deal…

Fun and Glitz as ISWIS held London fans spellbound with 2-day live show I Said What I Said, Africa and Nigeria’s number one podcast has demonstrated its wide diaspora acceptance as its maiden London live show was held with fun, glitz and glamour to a sold out audience. The live show was initially planned to…

The Central Bank of Nigeria (CBN) has dismissed reports that it is considering the withdrawal of the redesigned N200, N500 and N1,000 notes from circulation.In a statement on Sunday, the apex bank’s Acting Director of Corporate Communications, Isa AbduMumimas described the reports as “unfounded speculation”, noting that there is no plan to phase out the…

Financial institution, Access Holdings Plc, has grown its gross earnings by 42.30 per cent to N1.4 trillion in the 2022 financial year from N971.88billion reported the previous year. This was disclosed in its Consolidated and Separate Financial Statements for the year ended 31 December 2022, which was released on Thursday. The appreciation in its gross…