BUSINESS

Payment Platform, PesaPal Launches in Malawi; Plans Expansion To Ghana, Nigeria and Zambia

Kenyan-based web and mobile payment platform, PesaPal has launched in Malawi to enable users pay for goods and services online via credit cards and mobile money services like M-PESA and is already planning its expansion to Ghana, Nigeria and Zambia.

6 Traits Employers Should Look Out for When Hiring

Popular research by human resource experts have shown that people who have been unemployed for more than one month are prone to experiencing dwindling opportunities in getting a job. If anyone is unemployed for more than a month, positive responses

Cashless Policy to Start Nationwide July 1st, 2014 – CBN

The cashless programme introduced by the Central Bank of Nigeria, which has already been effected in a number of states across the federation, will be implemented nationwide by July 1st, 2014, according to the CBN. The cashless policy was introduced

Women Entrepreneurs to Get 60 Percent of SME Fund – CBN

The Central Bank of Nigeria (CBN) has earmarked 60 percent (N132 billion) of its N220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) to women entrepreneurs in the country. Mr Onoriode Olotewo, the Branch Controller of the apex bank

First Bank, GTBank and Zenith Named Among World’s Most Valuable 500 Banks

Three Nigerian commercial banks – First Bank Plc, Guaranty Trust Bank Plc, and Zenith Bank Plc – have been named among the World’s 500 Most Valuable Bank Brands in 2014 global rankings. The listing was done by Brand Finance Plc’s

Sterling Bank Awarded for Efficiency in Risk Management

Sterling Bank Plc, one of the leading and commercial banks in Nigeria, has been honored for its efficiency and consistency in managing risks in the Banking and Investment Services category of the prestigious Nigeria Risk Award (NRA). The award, organized

Dangote Sugar Commended on Backward Integration Project

Olusegun Aganga, Minister for Industry, Trade and Investment, has commended the management of Dangote Sugar Refinery on its remarkable progress towards meeting its sugar backward integration project targets. Aganga, while on a working visit to Savannah Sugar Company Limited, expressed

Disappointing Jobs Data Puts US Recovery Under Pressure

The market is still reeling from Friday’s Non-Farm Payrolls (NFP) data announcement where only 113,000 new jobs were created in January, much less than was forecast. The low number was partially attributed to the unseasonably cold weather of the past

GTBank Rewards MasterCard Users with 15 Percent Discount on British Airways International Flights

Looking to travel? Are you a GTBank MasterCard user? Then you are in for an exciting deal! GTBank announces a special offer for its frequent MasterCard users of 15 percent discount off their next British Airways International flight from February

The Rockefeller Foundation and Tony Elumelu Foundation Announce Africa Winners of the Impact Economy Innovations Fund

Winners of the Africa Impact Economy Innovations Fund (IEIF) have been announced. The Rockefeller Foundation and the Tony Elumelu Foundation made the announcement in a joint statement. The IEIF, which was launched in April 2013, provides grant capital for entrepreneurs

General Electric, Bank of Industry Pledge $500m Support for SMEs

General Electric and the Bank of Industry have agreed to a $500 million funding support for small and medium-sized enterprises in the area of infrastructure provision. In a joint statement made available to the media on Thursday, both companies said

IBM Opens Innovation Centre in Lagos

The International Business Machines Corporation (IBM) has opened an innovation centre in Lagos, Nigeria as part of efforts to speed up innovation for Nigerian and West African businesses and IT sectors. This centre offers clients, IT partners, developers, entrepreneurs, venture

Discover Nigeria: Cashew Nuts Season Opens Today

There are few dreams bigger than becoming instantaneously wealthy, and for some Nigerians that dream may be realisable as the Nigerian Raw Cashew Nut (RCN) season opens today February 10, 2014. Yes, Nigerian raw cashew nuts are in high demand

Nigeria Produces 420,000 Metric Tonnes Of Fish – CAFAN

The Catfish Association of Nigeria (CAFAN), on Sunday, revealed that Nigeria produced 420,000 metric tonnes of fish after aquaculture was included in the Growth Enhancement Support (GES) scheme in 2013. Chief Tayo Akingbolagun, National President of CAFAN, made the disclosure

SME Forum for Retail and Distributive Trade

Distributive trade and service industries [DTSI] account for a substantial aspect of economic activities in every country, whether they are measured in terms of contributions to the GDP or share of total employment. In Nigeria, the sub-sector’s share of GDP

The CEO’s Network Introduces the Mega Coupon

The CEO’s Network, a quarterly networking event for CEOs, Entrepreneurs and Small and Medium Enterprise owners, has launched a new feature to help you save on business costs. The Mega Coupon is an added feature for CEOs and business owners

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