Business

Zenith Bank Plc has expanded its presence in Delta State with the official opening of a new branch in Osubi, Okpe Local Government Area, becoming the first commercial bank to establish a presence in the Osubi community. The move reaffirms the Bank’s commitment to financial inclusion by bringing world-class financial services closer to communities and businesses. The commissioning ceremony, held…

Nigerians will be able to acquire vehicles with as little as a 10 per cent deposit and receive financing approval under a new vehicle financing initiative launched by Access Bank, which offers funding of up to 90 per cent of a vehicle’s value and repayment tenures of more than four years. Speaking at AutoFest, the vehicle financing initiative launched in…

The Eko Tourism Foundation (ETF) and Arik Air are exploring a strategic partnership aimed at positioning Lagos as Africa’s leading tourism destination. The proposal emerged during a visit by the ETF Governing Board to Arik Air’s headquarters in Lagos on Wednesday, where both organisations discussed areas of collaboration to increase tourist traffic to Lagos and other parts of Nigeria. Speaking…

The National Information Technology Development Agency (NITDA) and TikTok have launched a partnership to equip Nigerian Small and Medium Enterprises (SMEs) with digital commerce skills and tools to compete in the digital economy. The initiative was unveiled in Lagos at the launch of the TikTok Digital Commerce Labs Programme for SMEs, bringing together government, private sector, and entrepreneurship stakeholders. NITDA…

Dangote Petroleum Refinery has dismissed allegations that petroleum products refined at its facility are exported to Lomé, Togo, and subsequently re-imported into Nigeria, describing the claims as unsupported by commercial realities and established trade practices. In a statement released on Tuesday, the company said it was responding to what it described as “baseless and unsubstantiated claims” despite its policy of…

The Enugu State Government has joined the Subnational Methane Action Coalition (SMAC), a global network of more than 180 states, provinces and regions committed to reducing methane emissions and advancing net-zero climate goals. The partnership agreement was signed during the ongoing London Climate Action Week in the United Kingdom, with the Secretary to the State Government, Prof. Chidiebere Onyia, signing…

Ogun State has secured a fresh $250 million investment in its agricultural sector as Pure Dairy Herds, a specialised cattle and milk production company, unveiled plans to establish one of the largest dairy farms in Nigeria in the state. The company’s representative, Mr. Farouk Gumel, disclosed this to journalists on Tuesday after a meeting with Governor Dapo Abiodun at the…

… intensifies ease of doing business agenda The Edo State Government has hosted the Presidential Enabling Business Environment Council (PEBEC) Nationwide Sub-National Engagement and Technical Reform Workshop to advance business reforms, improve ease of doing business, and boost investment competitiveness. The workshop, themed “Building an Investment System that Delivers,” held at the John Odigie-Oyegun Public Service Academy in Benin City,…

The Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, warning that no application for such an offer has been filed with or approved by the regulator. In a public notice made available to Vanguard on Tuesday, the Commission said it had become aware…

Wema Bank  Plc has signed a N78.5 billion or €50 million financing agreement with the European Investment Bank’s development arm, EIB Global, to expand access to credit for small and medium-sized enterprises (SMEs), with a focus on women- and youth-owned businesses. The agreement was signed on June 19 at the bank’s headquarters in Lagos, marking the first transaction between EIB…