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
The Group Executive Director of Dangote Group, Halima Dangote has emphasised that “we need to do more collectively for Africa”. She made the suggestion at the Africa Business Health Forum in Addis Ababa. Halima Dangote spoke to Denny, correspondent for APO at a question and answer session on Tuesday. Q: Your foundation has obviously got Read more
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
Japanese car giant Toyota slashed its full-year net profit forecast Wednesday after saying its nine-month figure had tumbled nearly 30 percent as it was hit by investment losses. The firm’s senior managing officer Masayoshi Shirayanagi also told reporters there was no way to avoid a negative impact in the event of a no-deal Brexit — Read more
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
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
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
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
The Cola-Cola Company has announced the completion of the acquisition of Chi Limited. In a statement made available on Wednesday, Coca-Cola said it has extended its minority investment in the company to full ownership. In 2016, the company acquired a 40% minority stake in Chi and expressed interest in increasing ownership within three years. “Coca-Cola Read more
A newly discovered FaceTime bug lets people hear and even see those they are reaching out to on iPhones even if the other person hasn’t answered their phone. When a phone number is dialed on FaceTime — the iPhone’s internet-based voice and video calling feature — the caller can swipe up from the bottom of Read more
