Business Hilights

Tracking Nigeria's Headline Business News Online

Banking/Investments

CBN silent on noncompliance of farmers in repaying ABP loans

Whereas the Central Bank of Nigeria (CBN) claims that about 2.85 million farmers benefitted from the Anchor Borrowers Programme (ABP) from the inception of the scheme to the end of 2020, it has continued to be silent on failed efforts…

Val’s Day: Konga to roll out red carpet for 5 lucky couples

Huge deals and loads of freebies are in stock for Nigerians this Valentine season as Konga, Nigeria’s leading e-Commerce giant, is set to make the annual celebration a memorable one for its customers. Five lucky couples are set to enjoy…

Ecobank targets $300m from International Debt Market

Ecobank Transnational Incorporated (ETI) has concluded plan to raise $300 million senior notes from the international debt capital market. The group revealed this in a notification to the Nigerian Stock Exchange (NSE) last week Friday. According to the group, the…

CBN gives reasons for grounding Cryptocurrencies in Nigeria

Contrary to several experts’ views that Nigeria stands to gain more from its current second position as world number two in cryptocurrencies business, the Central Bank of Nigeria (CBN) has said the transactions promote illegal activities and raise risks, among…

Okeke declares for Mandilas presidency, gives stewardship account

Incumbent president of the Mandilas International Trade Center (MITC), Lagos international trade fair complex, Chief Anthony Okeke, has declared his intention to contest the forth coming presidential election at the plaza. Addressing journalists in his office, Chief Okeke recalled that…

How Konga is revolutionizing Agriculture in Nigeria via e-Commerce

Konga, Nigeria’s foremost composite retail giant, has once again led from the front, revolutionizing agriculture in Nigeria by leveraging e-Commerce in helping rural farmers access better agricultural inputs such as crop seedlings, fertilizers and much more at highly competitive prices….

NSE Highlights Capital Market as Viable Funding Source for SMEs

In recognition of SMEs as critical agents of economic development and transformation in Nigeria, the Nigerian Stock Exchange (NSE or The Exchange) continues to support the growth and development of small businesses in Nigeria. The most recent of these efforts…

NSE, IFC to Host CEO Roundtable on Gender Equality

Lagos, January 28, 2021. The Nigerian Stock Exchange (NSE or The Exchange) in partnership with the International Finance Corporation (IFC) will host a workshop to promote gender equality among listed companies on Tuesday, 2 February 2021. The virtual event will…

Unilever’s published Q4-20, 2020FY show significant revenue growth

UNILEVER published its Q4-20 and 2020FY unaudited results after market close on Friday (22 January) with revised 2019 numbers. EPS turned positive in Q4-20 standalone, printing NGN0.08 (Q4-19: -NGN0.83) following significant revenue growth, gross margin expansion and lower operating expenses….

AFF to drive innovation, techpreneuers’ with 2021 Accelerator scheme

Africa’s foremost innovation hub, the Africa Fintech Foundry (AFF), has opened up its registration portal for the2021 Accelerator program. The initiative, which is being executed in partnership with Access Bank Plc, seeks to fast-track the growth of the best start-ups…