Economy

 Polaris Bank, in commemoration of the 2023 Customer Service Week, is celebrating its customers and staff for their patronage and commitment to service excellence over the years. The official 2023 Customer Service Week theme is: 'Team Service'. The global week-long event will be held from October 2 – 6, 2023. The celebration is an annual event highlighting the importance of customer service, the staff members who deliver exceptional support daily, and the esteemed customers whose continued loyalty and patronage are the basis for business success. The 'Team Service' theme is...

Sterling Financial Holdings Company is actively driving collaboration and partnerships with regulators, infrastructure providers, operators, and other financial services providers to bolster the security of the Nigerian consumer and improve the safety of the financial ecosystem.   Olayinka Oni, Executive Director and Group Chief Operating Officer of Sterling Financial Holdings issued this during his commencement speech at the recently held Sterling Thought Leadership Series for Information Technology, themed The State of FI Consumer Security. The session took place in Lagos and was attended by heads of information technology and security teams...

Nigeria’s foremost cement manufacturer, BUA Cement Plc, has announced an ex-factory price reduction of cement to N3,500 per bag effective Monday, October 2, 2023. The company made the disclosure in a post on its Facebook page. The statement read: “We refer to our previous pronouncements regarding our intent to reduce cement prices upon the completion of our new lines at the end of the year, in order to spur development in the building materials and infrastructure sectors. “As per the commitment made to reduce prices and following a periodic review...

Fidelity Bank’s upcoming trade expo tagged, the Fidelity International Trade and Creative Connect (FITCC Houston), has received a major boost as the Mayor, City of Houston, Sylvester Turner, has termed it, “A catalyst to support bilateral trade between Nigeria and Houston; and an opportunity for the Houston community and the diaspora to explore emerging trends, forge new partnerships and unlock new possibilities”. This was made known in a video message recently issued by the mayor. In the one-minute clip obtained by our journalist, Mayor Turner highlighted the several side attractions...

Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced the launch of the Hackaholics Digital Summit 2023, Africa’s largest gathering of innovators, disruptors, regulators, policymakers, investors, and customers in the digital space. This groundbreaking summit will serve as a hub for sharing cutting-edge insights, trends, and best practices in the tech industry towards the positive transformation of technology and innovation not just in Nigeria but across the African continent. In 2019, Wema Bank introduced Hackaholics, a dedicated initiative targeting youth and startups....

The President of the National Coconut Producers, Processors and Marketers Association of Nigeria (NACOPPMAN), Dr. Mrs. Nma Okechukwu-Okoroji, has revealed that Coconut Sub-sector can contribute over 400 billion USD, to the Nigerian economy annually. She stated this while speaking ahead of the 2023 World Coconut Day celebration revealing that coconuts can help generate over $400 billion for the Nigerian economy annually. She said, "Our economy of production has proven that the coconut sub-sector can contribute over 400 billion USD to the Nigerian economy annually. "How much is the cost of...

Polaris Bank, in its show of commitment towards the empowerment of  Small and Medium-sized Enterprises (SMEs), is pleased to announce a strategic partnership with Export and Sell (EAS), a renowned expert in export solutions, to train and subsequently fund over 1,000 successful SMEs on export opportunities to the USA via Amazon and other international platforms. Polaris Bank is leveraging the expertise of EAS as an intermediary between Online and African Stores in the US, UK, and Nigerian businesses, for the supply of Raw foodstuffs and other items from Nigeria. With...

Polaris Bank held the first draw in her ongoing Polaris 'Save & Win' promo where 50 persons emerged winners.  The development is in line with the Bank's commitment to rewarding its loyal customers across the nation. The Bank said winners emerged through a draw exercise which was witnessed by relevant Agencies of government; Federal Competition & Consumer Protection Commission (FCCPC), National Lottery Commission (NLRC), and the Advertising Regulatory Council of Nigeria (ARCON) who confirmed that the 50 lucky winners were selected from various regions spanning the six geo-political zones of...

Since August 2021, Nestlé Nigeria has helped 332 women to scale up their businesses by 300% and to sustain the new level through the Nestlé Empowering Rural Women in Nigeria Project. The beneficiaries are women within Nestlé Nigeria’s value chain, running small businesses in rural areas across Nigeria. Empowering Rural Women in Nigeria by helping them build financial security to improve their livelihoods is one of the ways through which Nestlé Nigeria is Creating Shared Value along its value chain. The program was established to help beneficiaries scale up their...

Retail lender, Unity Bank Plc grew its deposits to N333.38 billion, representing a marginal increase of 2% compared to N327.42 billion recorded in H1’22 in its Half-Year unaudited financial statement submitted to the Nigeria Exchange Group Limited. The growth in deposits demonstrates incremental gains by the lender from its commitment to deepening its retail footprint through a well-diversified banking product suite that caters to different segments of the retail market. Other highlights of the unaudited financial statement include gross income and total assets which recorded N27.5 billion as against N27.4...