Stanbic IBTC Infrastructure Fund is delighted to announce its investment in the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal, the largest storage gas facility in Nigeria. The funding was provided to AP LPG Limited (a subsidiary of Ardova Plc) under a N12 billion senior debt facility agreement for a…
Heritage Bank Plc, Nigeria most innovative service provider has been adjudged Banker of the Year 2021 under SMEs and Agric category, which was awarded to the MD/CEO of the Bank, Ifie Sekibo. The bank won the prestigious award at the New Telegraph 2021 Awards in recognition of its leadership position in delivering sterling development and…
Rite Foods Limited, a Nigerian company in the food and beverage sector, is aggressively working towards ensuring its array of quality and refreshing products becomes dominant Pan-Africa while growing worldwide. In line with business expansion, amidst its many laudable steps deployed within its corporate strategy, it will be participating in the 2ND Intra-African Trade Fair…
The Lagos Chamber of Commerce and Industry (LCCI) has commended Africa’s global bank, United Bank for Africa (UBA) for its contribution to infrastructure development and growth of trade in the 19 countries where it operates, which is why the bank remains its preferred partner for the Lagos International Trade Fair (LITF). The President, LCCI, Mrs.…
Publiseer’s distribution channel just got bigger as it adds yet another new bookstore to its distribution network. Voxa, which is Romania’s very first subscription mobile reading app for ebooks and audiobooks, has joined Publiseer’s list of distribution partner stores. Through our new partnership with Voxa, we will be providing them with titles from independent writers…
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme. The 2021 beneficiaries were selected from a pool of over 400,000 applications, based on their innovation, performance, and growth potential to create jobs and eradicate poverty on…
As fintech companies proffer financial solutions to the needs of many Nigerians, foremost digital bank, VBank is taking the lead to drive discussions on changing the perception of people regarding their relationship with their bank. The leading bank took up the baton during a panel session at the just concluded Nigeria Fintech Week held in…
Nigeria’s private sector concluded the third quarter of 2021 with a modest expansion in business conditions. Quicker uplifts were seen in new orders, employment and stocks of purchases, but output growth moderated for the second month running. Nevertheless, optimism improved to a seven-month high. Material scarcity and unfavourable exchange rate movements exerted upward pressures on…
Nigeria’s leading and largest listed diversified conglomerate, Transnational Corporation of Nigeria Plc (Transcorp) has released its unaudited results for the third quarter ended September 30, 2021, indicating sustained growth in 2021 as seen in the first two quarters of year. With strategic investments in the Power, Hospitality, and Energy sectors, the conglomerate recorded a profit…
Transcorp Hotels Plc. owner of Transcorp Hilton Abuja, Transcorp Hotels Calabar and Aura by Transcorp Hotels, has announced its unaudited Q3 results showing 115 percent growth in revenue year-on-year (YoY) to N14.6 billion and a gross profit growth of 149 percent to N10.8 billion, leading to a profit before tax of N745 million a 662%…