Huawei has released its business results for the first three quarters of 2021. According to the tech giant, it generated CNY455.8 billion (approx. $71bn) in revenue, and its net profit margin was 10.2% during the period. “Overall performance was in line with forecast,” said Guo Ping, Huawei’s Rotating Chairman. “While our B2C business has been…
In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion of wheat production project. The disbursed fund is to consummate the expansion of Wheat Seed…
Heritage Bank Plc in partnership with the Central Bank of Nigeria has set up plans to disburse a whopping sum of N41billion to farmers from 14 states for the expansion of wheat production project. The Bank, however, will register the wheat farmers with the Lagos Commodities and Futures Exchange (LCFE) for successful disbursement, as the…
Research and consulting firm Frost & Sullivan has released its Global Modular Data Center Market Report. According to the report, market share for Huawei’s Smart Modular Data Center Solution has grown rapidly in recent years, increasing from 12.7% in 2017 to 20.5% in 2020, demonstrating the solution’s leadership position worldwide. The report also notes that…
Nigerian Retail Lender, Unity Bank Plc is set to engage no fewer than 5 million Micro, Small and Medium Enterprises (MSMEs) being operated by women in the South West region, even as Sola Sobowale, the Brand Ambassador, asserts that no women will be left behind as the Bank launches Yanga Account in Ibadan. Unity Bank…
In its bid to demonstrate increased commitment towards promoting financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has launched Yanga Account, a new retail product designed to deepen beneficial impact on Micro Small and Medium Enterprises, MSMEs operated by women in the mass market retail space. As a product targeted to boost…
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.…