Business

FIRSTBANK LAUNCHES SINGLE-DIGIT LOAN FOR WOMEN-OWNED BUSINESSES, REINFORCES ITS ROLE IN STRENGTHENING GENDER INCLUSION IN NIGERIA The FirstGem fund (FirstGem loan) is a single-digit loan scheme, exclusively designed to put women at an advantage in contributing to the socio-economic development of the country. The loan scheme covers female-owned or partnered ...

Fitch Upgrades Fidelity Bank’s issuer default rating from ‘B-’ to ‘B’ Fitch Ratings has upgraded Fidelity Bank Plc’s long-term issuer default rating (IDR) from ‘B-’ to ‘B’, reflecting the bank’s increased creditworthiness. The rating agency also upgraded Fidelity’s National Long-Term Rating to ‘A(nga)’ from ‘BBB+(nga)’. According to the global rating ...

Micro businesses overcoming the challenges of doing business in rural areas Contrary to the erroneous belief in some quarters that doing business in rural areas is immune from the common challenges that businesses generally face, reality is that micro business owners in underserved areas also have peculiar challenges they go ...

Fidelity Partners ImpactHER to Empower 1,052 Female Entrepreneurs with Sales Skills Fidelity Bank, a leading financial institution in Nigeria, has collaborated with ImpactHER to support 1,052 female entrepreneurs across the 36 states of Nigeria in addressing the challenges they face in their small and medium-sized businesses.  Through diverse training on digital ...

Sterling Bank, NHEA recognize Nigeria’s Healthcare Champions  Sterling Bank Plc, Nigeria’s leading commercial bank, has given special recognition awards to healthcare providers who played leading roles in the fight against the COVID-19 pandemic. The awards were given to selected recipients at the 8th annual Nigeria Healthcare Excellence Awards (NHEA), which ...

Fitch Reaffirms Ecobank Nigeria’s Stable Outlook Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at ‘BBB (nga)’. The rating agency released this rating last week, ...

Technology firms provide more opportunities for micro businesses in rural areas B2B e-commerce platforms continue to provide increased access to products, for micro businesses in underserved areas as they expand their  e-commerce services, reaching the retail market end in the underserved rural communities across Nigeria. Alerzo’s Founder/Chief Executive Officer, Adewale ...

Alerzo E-commerce platforms empowering retail businesses It is worthy to note that e-commerce platforms operators in Nigeria are in no little way contributing to the promotion of MSMEs. Alerzo, a leading e-commerce platform in Nigeria is ahead of the pack in making strides towards empowering retail business owners with its ...

ADEDUNTAN SUSTAINS HIS WINNING STREAK, PIONEERS LEADERSHIP EXCELLENCE IN BANKING Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be ...

Polaris Bank in N19 Million Criminal Deduction Mess A Magistrate Court sitting in Surulere area of Lagos has ordered Polaris Bank to refund the illegal deductions made on domiciliary and Naira accounts of three businesswomen with the bank to the tune of $30,769 (USD) N18,676,783. The businesswomen – Mrs. Adebomi ...