Nigeria’s economic recalibration good for business — Jumia CEO
By Etop Ekanem Chief Executive Officer of Jumia Group, Francis Dufay, has offered a perspective that placed Nigeria not at the margins of risk, but at the centre of reform, growth and stability. Speaking during a panel on emerging markets, at the Sohn Conference in New York, Dufay described the period between 2021 and 2024 as […]
Stanchart-Premise Price Tracker reveals downward trend in prices
The newly introduced Standard Chartered-Premise Consumer Price Tracker (SC-PCT) has revealed a downward trend in consumer prices between August and September.
LAPO increases access to finance with AfDB’s $12m credit
LAPO Microfinance Bank (MfB) has said that the reason behind the $12 million (N1, 980,000,000) African Development Bank’s (AfDB) Line of Credit (LoC) granted it is to increase access to finance for small business owners especially women.
Bank customers defraud their banks —FITC
Financial Institution Training Centre, FITC has said that customers have also been found to be defrauding their banks.
Ecobank, Citibank, others support UK exporters with £3bn
United Kingdom Export Finance (UKEF), an arm of the UK Government that works as an export credit agency, has named Ecobank Nigeria as one of its partnering financial institutions to help deliver £3 billion Direct Lending Facility (DLF) support to UK exporters. Under the DLF, UKEF will provide loans to overseas buyers in order to finance the purchase of goods and services from UK exporters.
PZ Cussons Q1 profit drops by 31%
PZ Cussons Nigeria (PZ) has released its first quarter, Q1 2015 results, which showed that while sales of N15.0 billion was flattish , Year on Year, y/y, both Profit Before Tax, PBT and Profit After Tax , PAT declined markedly, both by 31 per cent y/y to N872 million and N555million respectively.
