Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency Without a doubt, digital payment is the next growth frontier for financial services. Amongst other extenuating factors, growing digitalisation, mobile penetration, and evolving consumer behaviour have accelerated the shift towards […]
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Emirates, the world’s largest international airline, held an event in Lagos to recognise the services and ongoing partnerships of its top travel agents. The event was the first to take place since the outset of the pandemic, and gathered the industry’s best, reaffirming the airline’s ongoing commitment to the market and its longstanding partnership with […]
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Nigeria’s Gross Domestic Product grew by 3.11 per cent in the first quarter of 2022, this is according to the Nigeria Bureau of Statistics. In a tweet posted to its official Twitter page, @NBS_Nigeria, on Monday, the NBS wrote, “Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of […]
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The Airline Operators of Nigeria, AON, has revealed plans to shut down operations nationwide. According to AON the shutdown would take effect from Monday, due to the increase in the price of aviation fuel which cost N700 per litre. This was contained in a letter by AON President, Abdulmunaf Yunusa Sarina, and sent to the […]
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Nigeria biggest lender in the SME space, Access Bank Plc, is partnering with the Ministry of Humanitarian Affairs, Disaster Management and Social Development, to roll out the Government Enterprise and Empowerment Programme GEEP 2.0 in all the 36 states and the Federal Capital Territory. Successful beneficiaries of GEEP 2.0 shall receive congratulatory and sensitisation text […]
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Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦54.3billion, representing an increase of 1.1% over ₦53.7billion recorded in the […]
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Africa’s global bank, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2022, recording impressive growth across its income lines. The bank’s result which was released to the Nigerian Stock Exchange on Tuesday showed that gross earnings rose by 18.3% from N155.4 billion in 2021 to […]
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Jack Dorsey, former Twitter owner has given the reason the microblogging app was sold to billionaire, Elon Musk. Musk on Monday night reached an agreement to buy Twitter for approximately $44 billion. The 50-year-old acquired the company at $54.20 a share, the same price named in his initial offer on April 14. Giving reason for […]
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Popular Billionaire, Elon Musk, has reached an agreement to buy Twitter for approximately $44 billion, the company has confirmed. The billionaire acquired the company at $54.20 a share, the same price named in his initial offer on April 14. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square […]
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Nigeria’s Federal Government has announced that the new tax regime for tobacco will be implemented from June 1, 2022. Fatima Hayatu, the Director of Technical Services, Federal Ministry of Finance, disclosed this at a meeting with the Civil Society Legislative Advocacy Centre (CISLAC). The Programme Manager on Democratic Governance, Okeke Anya led the organisation’s Tobacco […]
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