Business

Africa’s Global Bank, United Bank for Africa (UBA) Plc, will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share.

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The shareholders of FBN Holdings have unanimously approved a total of N14.4 billion as dividend for the financial year ended Dec. 31, 2023.

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Access Bank Plc has hosted the French Week 2024 Business Forum at its headquarters in Lagos, affirming its commitment to bolstering trade relations between Nigeria and France.

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Access Holdings PLC (“Access Holdings”) today announces that its banking group’s, subsidiary, The Access Bank UK Limited (“the Access UK”) has entered into a binding agreement to acquire a majority equity stake in AfrAsia Bank Limited (“AfrAsia Bank”), the Republic of Mauritius’ third largest bank by total assets.

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Manufacturers Association of Nigeria (MAN) have solicited the support of both Nigerians and the government for Dangote Refinery, to enable it to perform optimally.

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Ecobank Nigeria, an affiliate of Ecobank Group, has been honored with the Client Excellence Award for outstanding performance in institutional cash management for the previous year by Deutsche Bank AG.

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President Bola Ahmed Tinubu has signed the instruments of accession for six Conventions of the International Maritime Organization (IMO).

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Minister of Marine and Blue Economy, Adegboyega Oyetola, has called for a comprehensive action in Nigeria's bid to be elected into Category C of the International Maritime Organisation (IMO) Council, as he inaugurated an Inter-Ministerial Committee to promote the campaign.

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Rite Foods Limited, a market leader in the food and beverage industry, and Popbeach Club have unveiled the 2024 edition of ‘Riteonthebeach’ Festival with a Symposium for students of tertiary institutions in Science, Technology, Engineering, Mathematics, and Law Faculties to create awareness on the values inherent in ecological preservation.

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The 7th edition of GTCO Fashion Weekend presented a rare opportunity for some small scale business entrepreneurs to showcase their merchandise and penetrate the growing business climate despite the economic predicament and inflationary trends that have affected the ease of doing business.

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