Business

Flutterwave, a payment technology company, has laid off 24 workers, representing three per cent of its workforce. Chief executive officer (CEO) of Flutterwave, Olugbega Agboola made the announcement in a statement on Monday. According to Agboola, the move is part of its strategy to restructure and efficiently utilise the opportunities in its core business segments. He added that the company…

By Innocent Raphael Shoprite Mall has announced its decision to close its branch at Novare Central Mall in Wuse Zone 5, Abuja, effective June 30, 2024. The announcement came in a circular signed by Dr. Folakemi Fadahunsi, Chief Executive Officer of Retail Supermarkets Nigeria Limited, and obtained by our correspondent on Monday. Confirming the closure, a staff member at the…

By Innocent Raphael The Federal Airports Authority of Nigeria (FAAN) has inaugurated a specialized unit within its Aviation Security (AVSEC) Department. This development follows the Presidential approval for the AVSEC to bear arms, aligning with the standards set by the International Civil Aviation Organization (ICAO). The newly armed security unit is a result of rigorous training provided to a selected…

By Innocent Raphael A new era in Nigerian e-commerce has dawned with the launch of SellersMart, an innovative platform developed by a team of tech pioneers. Designed to fill a significant void in the market, SellersMart aims to bridge the gap between vendors and buyers, setting the stage to become the largest salesforce in Nigeria’s history. SellersMart is tailored to…

Access Bank Ghana Plc held its 16th Annual General Meeting (AGM) at its head office, marking a year of exceptional performance and growth. The Board Chairperson of Access Bank (Ghana) Plc, Ms. Ama S. Bawuah, presented the financial statements, highlighting the Bank’s impressive performance despite the challenging macroeconomic environment. Access Bank Ghana’s total assets grew to 22.3 per cent, from…

In a bid to support the Central Bank of Nigeria’s (CBN) recapitalisation programme towards achieving the targeted objectives, the Securities and Exchange Commission (SEC) has released its Framework on Banking Sector Capitalisation Programme, 2024. The framework which was released on the Commission’s website Friday serves as a comprehensive guide for Banks/Holding Companies and market participants to navigate the recapitalisation programme…

The CESEL – Concerto Joint Venture in June 2024 has received the Nigerian Rural Electrification Agency (REA) Performance Based Grant (PBG) funded by the World Bank, following on from the successful commissioning of four Solar Hybrid Mini Grid Projects in Osi, Arajoshua, Alutierin, and Olomuoja communities in Ife South Local Government Area of Osun State in October 2023. The REA’s…

Access Bank Plc has continued to demonstrate its commitment to education and community development, breaking ground for the construction of 60 additional classrooms in Maraban Jos, Kaduna. This development, which took place on the sidelines of the 2024 Access Bank Charity Polo Tournament, builds on the Bank’s previous efforts having commissioned 30 blocks of 2 classrooms each at the tournament…

By Innocent Raphael The Nigeria Civil Aviation Authority (NCAA) has addressed recent claims suggesting that the Nigerian airspace is insecure due to a lack of radar coverage. In a statement issued and signed by its Acting Director General, Capt. Chris Najomo, the NCAA labeled the claims as unfounded and has sought to reassure the public of the airspace’s safety. The…

…Stabilizes Nigerian market… By Innocent Raphael  Nigeria’s energy sector, independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil (AGO), commonly known as diesel, produced by the Dangote Petroleum Refinery within three months of the plant beginning operations. As of Saturday, the registration of oil marketers with the $20 billion refinery continues, with more dealers preparing…