BUSINESS

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been …

Ecobank Nigeria says it remains committed to recovering the debts owed by Honeywell, emphasizing that the return of depositors’ funds is crucial for ensuring the continued support and growth of local businesses by the bank. The bank also asserted that the judgement claim by Honeywell Flour Mills Plc  is an …

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has launched a new campaign aimed at encouraging savings culture tagged ‘Reward4Saving Promo Season 3’. Based on the tremendous success of the previous seasons which saw over a thousand customers win over N192 million and produced 47 new millionaires, Stanbic …

Ecobank has called on Small and medium Enterprises (SMEs) as well as large businesses in the country to onboard on its Single Market Trade Hub which was launched recently. The Ecobank Single Market Trade Hub is a cutting-edge digital platform that serves as an exchange and information repository designed to …

Access Holdings, a leading African finance institution committed to making a difference, has once again demonstrated its dedication to ensuring children have the chance to access quality education. Through its recent Polo Day, held at the esteemed Guards Polo Club in Windsor, United Kingdom, the group secured pledges for the …

The Nigerian media sector is experiencing rapid growth and facing strong competition as it continues to evolve. P+ Measurement Services, a leading media intelligence consultancy, analyzed the top media performers in the Nigerian subscription-based streaming services, telecommunications, and insurance sectors for the second quarter of 2023. This analysis aims to …

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has restated its commitment to help Nigerian businesses expand their operations on a global trade scale. The Bank emphasises that a comprehensive understanding of export regulations, market conditions, cultural disparities, and strategic partnerships is crucial in helping businesses navigate …

Ecobank Nigeria Limited says it will appeal a judgement by the Federal High Court in Lagos, presided over by Hon. Justice Liman, which  delivered a judgment in favour of Honeywell Flour against the bank and ordered it to pay the sum of N72 billion. The bank said it believe that …

As Federal Government makes effort to ensure an enabling environment for businesses to thrive by automating the Nigerian Export Proceeds Form (“Form NXP”) for commercial exports, three Nigerian banks has been discovered to be outstanding and dutiful in processing NXP for ease of doing business in Nigeria. The three banks …

Central Bank of Nigeria, CBN has reduce the timeline for processing the mandatory form the Nigerian Export Proceeds Form (NXP). The banking sector regulator noted that this move is a bid to improve the ease of doing business in Nigeria. Before any export business is initiated in Nigeria, an exporter …