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Brands Business

Zenith bank’s improved PBT of N232 billion excites shareholders, with dividend offer of n2.80 per share

 In a clear show of its resilience and strong market share, Zenith Bank has announced an impressive result for the year ended December 31, 2018, with profit before tax (PBT) rising to N232 billion for the 12 months ended December 31, 2018. Also, in demonstration of its commitment to its shareholders, the bank has announced Read more

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Business Featured News

Fraud Uncovered! How NBET MD allegedly raked in millions through ‘deceitful contracts’

Marilyn Amobi, managing director of the Nigeria Bulk Electricity Trading Plc (NBET), fraudulently paid at least N2 billion to two power generating companies, documents obtained by Leaks NG have shown.  The documents also revealed that Amobi, who was made the substantive MD of NBET in July 2016, was also involved in a series of corruption Read more

Business

Panics as $190M in cryptocurrency locked after founder dies with password

In a case reminiscent of the MMM saga, Canada’s leading cryptocurrency exchange company has said it cannot immediately repay customers’ $190m because its founder died with their passwords. According to the Sky News, founder of QuadrigaCX, 30-year-old Gerald Cotten, died of alleged complications with Crohn’s disease during a trip to India where he had been Read more

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Africa Business

Over $10bn of Africa TMT infrastructure mergers, acquisitions and fundraising predicted to grow more in 2019

TMT (telecom, media and technology) infrastructure mergers, acquisitions and fundraising in Africa is predicted to continue growing in 2019, as investment news provider TMT Finance predicts that transactions for the year will exceed $10 billion, due to increasing dealflow across the region and appetite from global industry and investors. TMT Finance exclusively reported last week on Read more

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Brands Business

Anthony Joshua becomes Glo brand ambassador [Video]

The world heavyweight boxing champion, Anthony Joshua has been unveiled as a brand ambassador of telecommunications giant, Globacom. Joshua, who was born by Nigerian parents, was unveiled when the telco presented its new business direction to media executives in Lagos on Friday. Speaking at the event, Bisi Koleoso, deputy chief operating officer of the company, said the previous year Read more

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Business Featured

Nigeria now on growth trajectory – Jim Ovia

The Chairman of Zenith Bank Plc, Mr. Jim Ovia (CON), has lauded the federal government’s economic team for pulling the economy out of economic recession, acknowledging that the country’s economic outlook shows that it is now on a growth trajectory. Giving his goodwill message at the Deloitte in Dialogue Nigeria Economic Outlook 2019 event on Thursday, Read more