With the many advantages of the World Wide Web and its impact on businesses, you would think the bandwagon impact would be massive. Apparently, this is not the case as there are still a good number of businesses that are yet to bring their business online. Surprisingly, some of these businesses are struggling and are…
The Independent National Electoral Commission (INEC) has broken its silence over a purported judgement by an Abuja High Court nullifying the candidature of the All Progressives Congress (APC) Delta South Senatorial candidate, Dr. Emmanuel Eweta Uduaghan. Addressing journalists on Wednesday at INEC headquarters in Asaba, Delta State, the Resident Electoral Commissioner (REC), Dr. Cyril Omorogbe,…
Customers are at the centre of the Access Bank, Diamond Bank merger to create a leading outfit. Diamond Bank customers will lose nothing under the new arrangement. Access Bank will bring to bear on the deal its commitment to customers, financial inclusion, sustainability, corporate expertise and strong balance sheet. Both banks’ Mobile Apps will run…
Nigerian Breweries Plc has announced a profit after tax of N19.4 billion for the 2018 Financial Year. According to the audited financial results released to the Nigerian Stock Exchange, the company also made a revenue of N324.4 billion during the period. The statement further stated that the Board of Directors will be recommending to the…
A candidate of the Action Democratic Party (ADP) in the governorship election in Lagos State, Babatunde Olalere Gbadamosi (BOG) may have bitten more than he can chew. At the 2019 WIMBIZ Women in Politics Town Hall Meeting held recently, the politician allegedly described women in politics as ‘side chicks.’ This is not going down well…
The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019. Selected beneficiaries will join 4,470 current alumni and will receive…
Reliable sources close to Nairametrics indicate tier one lender Zenith Bank could earn close to N100 billion or more as gains from derivatives and treasury bills trading in the 2018 financial year. The bank has consistently made trading gains in the last few years rising from N20 billion in 2016 to over N60 billion in…
Organisations are not established for charity purposes. Over time, they must grow and become profitable. As such, businesses are always searching for ways to boom. One of such ways that some organisations are yet to explore is the ecosystem model. Jumia, Africa’s only e-commerce unicorn has proven over the years that the ecosystem model works.…
Today, almost everyone owns a smartphone because it is very much affordable. According to the Jumia Nigeria Mobile Report, in 2014, phones sold on Jumia have priced an average of $216 and by 2017 this price had gone down to $100. In Africa, the price dipped from $165 to $96 in the same period. Hence,…
The story of corporate revolutions in Nigeria will not be complete without direct reference to Keystone Bank Limited and its Group Managing Director/CEO, Dr. Obeahon Ohiwerei. This is a man who has used his Midas touch to turn things around for the financial institution within a significantly short space of time. Dr. Ohiwerei is a…