Author: Ifetayo Adeniyi

News as Zenith Bank grows total assets to N20.4bn for the year ended 31 Dec., 2023 Zenith Bank Plc, says its total assets grew to N20.368 billion for the year ended Dec. 31, 2023. Mr Michael Otu, the Company Secretary of Zenith Bank, said this in the bank’s audited results for the year ended Dec. 31, 2023 sent to the Nigerian Exchange Ltd. (NGX) in Lagos. This represents an increase of 65.78 per cent when compared to N12.286 billion recorded in the same period of 2022. The bank’s Profit Before Tax (PBT) increased by 179.63 per cent in the year…

UNDP gives N200m support to boost Micro Small and Medium Enterprises in Bayelsa The United Nations Development Programme (UNDP) has offered a N200 million support to Micro Small and Medium Enterprises (MSMEs) in Bayelsa State. Leader of the UNDP team, Joyce Oboro, who presented a cheque to Governor Douye Diri at the Government House in Yenagoa on Monday, said the objective of the initiative, which was co-sponsored by the European Union, is to mitigate the effect of the current socio-economic challenges through the empowerment of medium and small businesses across various sectors. She said the components of the programme include…

Eid-el-Fitri: Make Clean Environment a Habit – LAWMA boss appeals to Lagos residents The Managing Director/CEO of the Lagos Waste Management Authority, LAWMA, Dr. Muyiwa Gbadegesin, has urged Lagos residents to make clean environment a permanent habit, that goes beyond occasions and festivities. He said this in a release by the agency where he congratulated the Muslim faithful on successfully completing the Ramadan fast, leading to the celebration of this year’s Eid-el-Fitri. Gbadegesin noted that personal hygiene and environmental cleanliness, formed integral teachings of Islam, that should become permanent features of our daily living beyond the Ramadan period. He said,…

Nigeria’s Rail Transport Generates Over N6bn In 2023, 8.5% Increase From 2022 The total revenue generated from Nigeria’s railway transport system stood at N6.07 billion in 2023. This is an 8.5 percent increase from N5.5 billion recorded in 2022. According to the National Bureau of Statistics (NBS) report on ‘rail transport data’, a total of N4.42 billion was generated from passengers in the period, N1.07 billion from goods/cargo and other income receipts stood at N565 million. A quarterly breakdown of the revenue showed that in the first quarter of the year, revenue from passengers was N768 million, revenue from goods/cargo…

Balancing Entrepreneurship with Lifestyle – Juwon People seldom regard personal stories about journeys to success. And quite a few are interested in the quiet style of an entrepreneur. Juwon Lawal Rasaq, founder and chief executive officer of Africent Group Of Companies Ltd, is a young mogul who, for many years before his rise on the business scene, focused his attention on self-development. His philosophy about life, from the inception, is, ‘if you can’t look to better yourself, how can you help others?’ That one point has been the catalyst for him in his business. Over the last few years, Juwon…

Glo deploys dedicated fibre to homes, businesses Digital solutions provider, Globacom, has launched two more Enterprise Business products, Glo Fibre to the Home (FTTH) and Fibre to the Business (FTTB), with unmatched data speed and service experience. Glo Fibre to the Home and Fibre to the Business are internet connectivity solutions specially designed for Residential and SME commercial customers respectively to enable them to enjoy reliable and high speed internet through linked fibre services. With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and…

Digital Banking, UBA unveils ‘Scan to Resolve Complaint’ for quick response to customers Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a Quick Response solution code, qrdispute.ubagroup.com:8088 called the ‘Scan to Resolve Complaint’ Portal with code aimed at enhancing satisfaction and swiftly addressing customers’ disputes. The first of its kind innovative platform marks another significant step by the bank to revolutionise customer service and streamline complaint resolution processes. The ‘Scan to Resolve complaint’ portal is a QR-code-based qrdispute.ubagroup.com:8088,-portal conceptualised by the bank to proffer timely solution to customers’-challenges, without them having to visit the bank or branch.…

Welfare package, Bank Donates 400 Food Packs To Kuramo Community As part of its ongoing commitment to eliminate hunger among vulnerable persons in the society, Abbey Mortgage Bank, a leading primary mortgage bank in Nigeria, has distributed over 400 food packs to Kuramo community in Victoria Island, Lagos State. The donation is an initiative under the bank’s Corporate Social Responsibility Initiative tagged “Nourishing Communities” created to reach out to vulnerable persons and reduce the effect of hunger and poverty in the society. Speaking during the distribution of the food packs to Kuramo community that includes: Adetokunbo Ademola street; Olosa Street;…

Business as Mastercard and Mono partner to boost Nigerian Startup in Direct Bank Payment Mastercard logo  Mastercard, the second-largest payment network in the world, has partnered with Mono, a Nigerian YC-backed open banking startup, to enable payments directly into bank accounts without cards or USSD codes. For Mono, this partnership is another leap forward in its race to profitability. “In 2023, we moved from negative to positive gross profit, and we want to be profitable by the end of the year,” Abdul Hassan, founder & CEO of Mono said. The startup expects to achieve profitability by scaling the adoption of…

Football PSG, Arsenal In Hot Race To Sign Osimhen Victor Osimhen is a highly sought-after player, and some Arsenal fans are hopeful that he will join their club. While the Gunners have been the highest scorers in the Premier League this season, it’s widely acknowledged that they still require a leading striker. This is why they have been linked with moves for Victor Osimhen and Viktor Gyokeres, among others. Mikel Arteta’s side is determined to secure one of several high-profile strikers available on the market in the summer. Arteta is currently working with the options available to him and maximising…