In a demonstration of unwavering commitment to supporting and celebrating indigenous businesses in Nigeria, Remita Payment Services Limited (Remita), an indigenous fintech giant, recently sponsored and participated in the Lagos Leather Fair (LLF) held at the Balmoral Center, Lagos, on June 29th and 30th. Remita, a subsidiary of SystemSpecs Holdings Limited, has been at the […]
Lagos State Governor Babajide Sanwo-Olu announced a significant development in the state’s pension administration, clearing all pension backlogs with a payment of ₦4,461,659,536.82 to 2,000 retirees. This follows a previous payment of ₦3.1 billion to 1,013 retirees in February, fulfilling a promise to settle all arrears and current pension liabilities. In a tweet from his […]
Explosive Growth: Stanbic IBTC’s brand value nearly tripled in a year, reaching N75 billion (184% surge) according to a year-long analysis (March 2023 – March 2024). Reasons for Success: Strategic focus on improving financial services and delivering exceptional value to customers and stakeholders. Commitment to innovation, customer satisfaction, and strategic growth initiatives. Leader in Innovation: […]
Profit Soars: FBN Holdings reported a staggering 325% year-over-year increase in profit before tax (PBT) for the first quarter (Q1) of 2024, reaching N238.53 billion. This impressive performance builds upon the bank’s strong showing in 2023. Revenue and Efficiency: Gross earnings skyrocketed by 181.4% to N730.3 billion in Q1 2024 compared to the same period […]
Growth Picks Up, Inflation Eases The latest Stanbic IBTC Purchasing Managers’ Index (PMI) for Nigeria indicates a modest improvement in business conditions during May 2024. This comes after six months of consecutive growth in new orders and the strongest increase in business activity since January. Despite the positive trend, the growth rate remains below the […]
The financial services sector is facing a growing threat from Cyber incidents, according to the Allianz Risk Barometer. The report highlights that cyber incidents have emerged as the primary concern for financial institutions in 2024, with 43% of respondents ranking it as a significant risk. Cybersecurity Emerges as Top Threat: The Allianz Risk Barometer survey identifies cyber incidents as […]
CEO Hails Proposed Reforms The CEO of tappi, a digital commerce firm, applauds plans to simplify Nigeria’s tax system. These reforms aim to benefit 40 million micro, small and medium-sized enterprises (MSMEs). Digital Commerce CEO Praises Plan to Simplify System Relief for Informal Sector: Proposed reforms aim to exempt 95% of the informal sector, estimated […]
Nigeria Proposes Major Tax System Overhaul The Presidential Fiscal Policy and Tax Reforms Committee, led by tax expert Taiwo Oyedele, has unveiled a bold plan to streamline Nigeria’s complex tax system. Key Points: Reducing Tax Burden: The committee proposes a significant reduction in the number of taxes and levies businesses have to pay. The aim […]
Rebranding is a strategic process that can revitalize a company’s image, attract new audiences, and drive growth. Here are some of the most successful rebrands ever and the reasons behind their success: 1. APPLE: FROM FAILURE TO PHENOMENON REBRAND STRATEGY: In the late 1990s, Apple shifted its focus from a struggling computer company to a […]
The Google Pixel 8 Pro, Samsung Galaxy Z Fold 5, and Asus Zenfone 10 each offer unique features and capabilities, catering to a diverse range of users. Here’s a detailed comparison to help you choose the most suitable device. Overview Google Pixel 8 Pro Launch Date: October 2023 Processor: Google Tensor G3 Display: 6.7-inch OLED, […]