BUSINESS

Months after banks restricted withdrawals on automated teller machines (ATMs), commercial banks in the country are beginning to increase the cash withdrawal limit for customers on a daily basis to N200,000. In an emailed notice to customers yesterday, Zenith Bank said customers can now ‘perform cash withdrawals of up to …

As part of its commitment to women empowerment, opportunities and development in Nigeria, Stanbic IBTC Pension Managers Limited, a subsidiary of Stanbic IBTC Holdings PLC, has recently held the third edition of its Ladies At The Table Empowerment Series (LATTES) virtually through a webinar on July 5, 2023. The event …

By Biram Fall In a region where traditional job markets can be limited, direct selling offers a flexible and accessible pathway to entrepreneurship. In the traditional retail model, shop owners buy goods from manufacturers and mark them up to pay for their business costs such as rent, before selling them …

Foreign Direct Investment (FDI) flows to Africa declined to $45 billion in 2022 from the record $80 billion set in 2021. They accounted for 3.5% of global FDI. This was revealed by the Intergovernmental organization, United Nations Conference on Trade and Development (UNCTAD) in its  World Investment Report 2023 published on …

Africa’s Global Bank, United Bank for Africa (UBA), has launched the UBA Braille Account Opening Form, a first-of-its-kind initiative in the Nigerian and African markets, designed specifically to cater for the financial needs of the visually impaired. Until now, this unique and special section of society has been disadvantaged, but with this …

Sterling One Foundation has announced partnership with the United Nations to host the Africa Social Impact Summit (ASIS) 2023 in August. The event which will hold on August 10-11 at the Eko Convention Center, Lagos, will bring together key stakeholders in the African development space, including corporate executives, impact investors …

One of Africa’s fastest-growing companies, Sterling Bank, has recently signed an agreement with the Small & Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a comprehensive database of Small and Medium Scale Enterprises (SMEs) in Nigeria. This will help in scaling intervention programs and providing tailored solutions that truly …

Ecobank Nigeria limited has been recognized as one of Nigeria’s key private sector players promoting gender balance and equality in the workplace at the Nigeria2Equal Gender Leader awards organized by International Finance Corporation (IFC) and Nigerian Exchange Group (NGX Group). The Gender Leader Awards, which is being implemented under the …

By Kevwe Onokerhoraye, Head, Product Strategy, OnePipe Imagine this: Mr. Okeke runs a small grocery store in the bustling city of Lagos, Nigeria. He has been in business for several years, and his shop is an integral part of the local community. Yet, like many small business owners in the …

Wema Bank PLC, the leading financial institution in Nigeria and the pioneer of Africa’s first fully digital bank, ALAT, yesterday announced the launch of the highly anticipated 3rd season of the Wema Bank 5 for 5 promo. This reward program, initiated by Wema Bank, aims to recognize and reward customers …