The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution that alleviates financing constraints of Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria today announced the appointment …
Radarr Africa Business Desk
Radarr Africa Business Desk
The Radarr Africa Business Desk reports daily on companies, markets, banking, energy, technology and policy across Nigeria and Africa. Stories are reviewed and edited by The Radarr Africa Editorial Team in Lagos. Story tips and corrections: business@radarr.africa.
- Banking, Finance & InvestmentFEATURED NEWSWestern Africa
GTBank Records N45.6bn Net Profit in Q1 2021
In the first quarter of 2021 Guaranty Trust Bank (GTBank) Plc recorded a profit after tax of N45.6 billion, which was less than N50.1 billion recorded in the same period …
- EnergyFEATURED NEWSWestern Africa
Nigeria businesses lose $29bn annually to poor electricity – World Bank
A recent report by the World Bank stated that businesses in Nigeria lose approximately $29bn annually as a result of the country’s unreliable power supply. It was observed that lack …
- BusinessFEATURED NEWSSpotlightTechnology
Billionaire Businessman Tayo Amusan Set To Purchase Shoprite’s Stake In Nigeria
Nigerian billionaire and a famous businessman who is known for his property firm, Persianas Properties, is set to buy Shoprite’s stake in Nigeria. According to a recent report, the retail giant …
About this EventSince January 2021, over 1000 African blockchain developers have taken part in the Binance developer course for Africa which equipped them with the tools and skills required to …
A firm, Corporate Finance Group, has advised members of the public and particularly banks and mortgage providers to avoid land sale being promoted by the Lagos State Ministry of Housing …
- FEATURED NEWSPress ReleasesProduct ReviewTechnology
TECNO mobile launches the new-gen Spark 7P for Gen Z
Equipped with 16MP AI Triple Camera, mighty Helio G70 chipset, the Super Night Mode and blazing-fast 90Hz/ 6.8-inch edge-to-edge display the Spark 7P will be available at the retail store …
- FEATURED NEWSHospitality, Travel & Tourism
Emirates commences IATA Travel Pass trials for COVID-19 requirements
Emirates commences trials of the International Air Transport Association (IATA) Travel Pass– a mobile app to help passengers easily and securely manage their travel in line with any government requirements …
Nigeria and other countries in the Gulf of Guinea have lost N380 billion yearly to sea robbers and pirates between 2015 and 2019. Data presented at the Nigerian Admiralty Colloquium …
- Banking, Finance & InvestmentSpotlightWestern Africa
CBN to penalise banks, forex dealers who reject old lower dollar notes
The Central Bank of Nigeria (CBN) said it will penalise banks and foreign exchange (forex) dealers who reject old and lower denominations of the dollar notes. This was based on …