Specta records N100bn in digital loan disbursements
Divisional Head, Retail and Consumer Banking at Sterling Bank, Shina Atilola has said that Specta, the bank’s online instant lending platform has disbursed about N100 billion in digital loans in three years.
According to him,...
MTN set to list mobile money business, targets $5bn valuation
President and Chief Executive Officer of MTN Group, Ralph Mupita said the company is considering an Initial Public Offering (IPO) of a minority interest in its mobile money business, better known as MoMo.
He said...
FG printed N60bn to share in March, says Obaseki
Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble” with the way the economy is run.
Obaseki lamented that Nigeria was the only country in the world where the federal, state...
We’re not involved in price fixing—Dangote Sugar
. Asserts its strong participation in the NSMP
Dangote Sugar Refinery PLC (DSR) has debunked an online publication claiming that it is engaging in price-fixing and is not honestly committed to Backward Integration Programme as...
Billionaires list: Dangote, Adenuga, Rabiu’s wealth rises by $5.7bn
The combined net worth of three of Nigeria’s richest persons increased by $5.7bn in one year to $22.5bn, according to Forbes’ 2021 World’s Billionaires list.
The list, which was released includes 14 African billionaires, with...
Rite Foods supports Environmental Initiative, Rid Lagos of 1,767.2kg of Waste
As part of its commitment to environmental protection , Rite Foods Limited, a world-class proudly Nigerian Foods and Beverages Company, has sponsored the cleanup of the Alpha beach, in Lekki, Lagos, where 1,640kg and...
Nigerian Breweries recommends N7.71b. dividend for shareholders in 2020 FY
Nigeria’s foremost brewer, Nigerian Breweries Plc, has recommended a total dividend of N7.71 billion for its shareholders for the 2020 financial year.
The recommendation, which amounts to a total dividend of N0.94 per ordinary share...
Elumelu: Youth restiveness ticking time bomb for Africa, others
The Chairman of the United Bank of Africa (UBA), Mr. Tony Elumelu, has stressed the need to unlock the potential of youths in Africa, in order to catalyse the socio-economic development of the continent.
According...
Dangote launches driver’s training centre to curtail crashes
As part of its measures to curb Road Traffic Crashes (RTC), the Dangote Cement Plc has launched a Drivers' Training Centre located at the Dangote Cement Plant (DCP), Obajana, Kogi State.
The new Centre is...
IMF forecasts higher economic growth for Nigeria in 2021
The International Monetary Fund has projected an economic growth of 2.5 per cent for Nigeria in 2021.
This is higher than the 1.5 per cent IMF’s 2021 forecast earlier announced for the country in January.
The...
