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Business & Economy

Herbert Wigwe is the “African Banker of the Year”

Herbert Wigwe, the Group Managing Director/CEO of Access Bank PLC, has emerged the ‘African Banker of the Year’, according to the statement at the...

MTN appoints CFO, Ralph Mupita as Group President/CEO

Ralph Mupita, MTN Group’s chief financial officer, will replace Rob Shuter as the CEO of the telecommunications provider on 1 September. The move, which was widely...

GSI Policy: Nig. Banks recover N50.32m bad loans within nine days – CBN

The Global Standing Instruction policy recently unveiled by the Central Bank of Nigeria (CBN) seems to be paying off as the regulatory body announced...

Africa gets its first electric bus factory

The road from Kampala, the capital of Uganda, to Jinja, the site of Africa’s first electric bus factory, was packed with cars on a July...

Apple to launch subscription bundles to boost services

Apple is readying a series of bundles that will let customers subscribe to several of the company’s digital services at a lower monthly price, according...

Jumia sees rivalry from start-ups keen to tap Africa online sales

Jumia Technologies is facing fresh competition from start-ups in the African e-commerce and logistics market after the Covid-19 pandemic increased demand for online deliveries. The US-listed...

Court stops Shoprite from selling Nigerian operations

A Federal High Court sitting in Lagos, Nigeria has dashed the hopes of Shoprite Checkers (PTY) Limited, owners of the popular Shoprite brand, to...

Akwa Ibom faults bureau of statistics unemployment report

The Akwa Ibom State Government on Saturday picked holes in the report by the National Bureau of Statistics (NBS) which listed it as the...

2000 jobs on the line as Shoprite exits Nigerian market

Fifteen years after opening its first retail supermarket in Nigeria, South African retail giant, Shoprite has announced its intention to exit the Nigerian market,...

N41 billion NITEL Fraud: Allegations against our chairman untrue, UBA Mgt.

United Bank for Africa (UBA) has advised the public to disregard the allegations of financial malfeasance of N41b levelled against its chairman, Tony Elumelu....

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