Business Hilights

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Banking/Investments

Sanwo-Olu, Zulum, Others Seek Transparent Tax System

Lagos State Governor, Mr. Babajide Sanwo-Olu, and his counterparts from Sokoto and Borno States have emphasised the need to make the country’s tax system more transparent and accountable to Nigerians to boost confidence and voluntary compliance. The governors made the…

NGX Lists N4.075 billion AVA Infrastructure Fund

Nigerian Exchange (NGX) Limited on Friday listed N4.075 billion of AVA Infrastructure Series 1 Fund on its trading platform. In a release, signed by the head, Issuers Regulation Department of NGX, Godstime Iwenekhai stated that “trading license holders are hereby…

Zenith Bank delivers unprecedented returns for shareholders

Shareholders of Zenith Bank Plc, at the 33rd Annual General Meeting (AGM) held at the Civic Centre, Victoria Island, Lagos, on Wednesday, 8 May 2024, approved the proposed final dividend payment of NGN3.50 per share, bringing the total dividend for…

Payment Link Integration Now Driver for E-commerce Businesses

The African e-commerce market grossed USD 277.1 billion in 2023 and is projected to reach USD 939.8 billion in 2032. However, with a global cart abandonment rate of 70%, many of which are related to payment issues, there is a…

AfDB advocates for AgriTech Partnerships in Africa

This week, the African Development Bank Group (AfDB) will leverage its deep expertise and convening power to highlight the crucial role of agricultural technologies, fertilizer and healthy soils in driving sustainable agricultural growth at the Africa Fertilizer and Soil Health…

CBN imposes 0.5% ‘Cybersecurity Levy’ on electronic transfers

The Central Bank of Nigeria (CBN), has imposed fresh 0.5 percent Cybersecurity Levy deductions on electronic transfers, an act analysts say will further frustrate cashless policy . A circular issued by the CBN on Monday, directed the deductions would become…

Zenith Bank Delivers Strong Q1 2024 Performance

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024. This…

AfDB, Invest in Africa launch MicroGREEN Project for jobs

The African Development Bank (AfDB.org) and Invest in Africa have jointly launched the MicroGREEN project to provide livelihood opportunities for marginalized and vulnerable groups in Ghana and Senegal. Titled “Strengthening Women, Youth and People with Disabilities’ Micro Entrepreneurship for Green…

Zenith Bank’s subsidiary in synergy with AfCFTA to drive SmartAfCFTA

A wholly owned subsidiary of Zenith Bank Plc, Zenpay Limited, has signed an Agreement with the African Continental Free Trade Area (AfCFTA) Secretariat for the development and deployment of the SMARTAfCFTA Portal to facilitate trade within the African continent. The…

Fidelity Bank Plc Posts 120.1% jump in PBT

Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1 2024. This was made known in the Bank’s unaudited financial statements released on the issuer…