Business

Elumelu’s Transcorp Consolidates its Power Play, Acquire 60% Majority stake in AEDC

Elumelu’s Transcorp Consolidates its Power Play, Acquire 60% Majority stake in AEDC   In a strategic move to consolidates Transcorp’s position in the Nigerian power sector, Christopher Ezeafulukwe, Managing Director/CEO of Transcorp Power Limited, has been entrusted by the Board of the Abuja Electricity Distribution Company (AEDC) to lead the[Read More…]

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Nigeria’s Inflation Hits 24.08% As Food Prices Rise

Nigeria’s Inflation Hits 24.08% As Food Prices Rise     Nigeria’s annual inflation rate rose to 24.08 per cent in July from 22.79 per cent in the previous month, the National Bureau of Statistics (NBS) said Tuesday. The NBS said on a year-on-year basis, the headline inflation rate was 4.44[Read More…]

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Ecobank To Promote Ease Of Cross-Border Business Through Foreign Currency Transfer On Its Mobile And Omnilite Apps

Ecobank To Promote Ease Of Cross-Border Business Through Foreign Currency Transfer On Its Mobile And Omnilite Apps   Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would[Read More…]

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Fidelity Bank Distributes Food Packs to Benue IDPs

Fidelity Bank Distributes Food Packs to Benue IDPs   Leading financial institution, Fidelity Plc, has distributed over 1,200 food packs to the internally Displaced Persons in Makurdi, Benue State in its ongoing commitment to eliminate hunger among vulnerable persons in the society.   The event, which took place on Thursday,[Read More…]

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