Here’s all you need to know about Brands & Marketing’s Finance
• Mastercard and Access Bank Group have launched a unified cross-border money movement solution across various African markets, enabling businesses and consumers to send and receive international payments to and from 150+ countries. • Access Bank will provide a fast, assured-value, transparent and traceable payment…
Seven firms, including Dangote Sugar Refinery, Unilever Nig Plc and Nigerian Breweries have seen their combined workforce reduce by 1,281 between 2022 and 2023, according to findings by The PUNCH. This is according to an analysis of the firms’ annual reports which details the change in workforce statistics after…
Inflation and currency devaluations in key African markets have weighed on customer spending with the e-commerce firm. Pan-African e-commerce company Jumia lost approximately 1m active consumers and registered 3.8m fewer orders and nearly $70m less in gross merchandise value between Q2 2022 and Q2 2023. The figures…
Nigeria and Egypt are charting the course to dominate the African fashion landscape, encompassing accessories, apparel, and footwear. These two nations are primed to collectively rake in a whopping $2.5 billion in revenue by the close of 2023. According to data analysed by Nairametrics on Statista, the Nigerian fashion…
Transnational Corporation Plc (Transcorp Group), Nigeria’s leading conglomerate with investments in Power, Hospitality and Energy sectors has announced reported its financial results for the first half of the year ended June 30, 2023, recording commendable growth across all its major indices. The Group achieved an…
NOVA Merchant Bank has received approval from its shareholders to transition into commercial banking. The shareholders gave their unanimous approval during the company’s 6th Annual General Meeting in Lagos on Wednesday, where they agreed that the bank remains well-positioned to sustain and build upon its growth…
One of Nigeria’s leading financial services, Zenith Bank has become the first financial institution in the country to join the group of stocks worth over one trillion (SWOOTs) as its market capitalisation crossed N1 trillion last week. Zenith Bank has now joined MTN Nigeria Communication (the largest company in…
Coronation Insurance Plc has aligned forces with the World Table Tennis (WTT) Contender Tournament through corporate sponsorship to boost Foreign Direct Investment (FDI) for the nation and improve its Gross Domestic Product (GDP) Index. Holding at the prestigious Sir Okoya Thomas Indoor Sports Hall in Surulere, Lagos,…
BUA Cement Plc has acquired a monumental $500 million financing package from the International Finance Corporation (IFC) to help facilitate its part-finance and develop two new, energy-efficient cement production lines that will create up to 12,000 direct and indirect jobs. This partnership marks the largest-ever…
Real Madrid remains the most valuable soccer team for the second year in a row, with a worth of $6.07 billion. Manchester United sees a 30% increase in value, becoming the most valuable Premier League club at approximately $6 billion. Newcastle United experiences a remarkable 51% valuation surge after being purchased…
