Monday, 24 September 2018

Stanbic IBTC clinches four awards at Emeafinance African Banking Awards

In recognition of its position as Nigeria’s leading investment banking institution, Stanbic IBTC has won four awards in different categories in the 2018 Emeafinance African Banking Awards. The diadems: ‘Best Foreign Investment Bank,’ ‘Best Debt House’, ‘Best Equity House’ and ‘Best Loan House,’ were won through Stanbic IBTC Capital Limited, a member of the Stanbic IBTC Group.

PAL Pensions Takes Financial Literacy Training To Students

In line with it's positioning of creating value for Nigerians, PAL Pension has launched a youth-focused campaign tagged ‘NextU' across Five (5) Universities in Nigeria.

‘NextU' is the CSR initiative of PAL Pensions focused on providing knowledge and guidance for 'Creating The Future' to young people on career, investment and life choices. Olusola Amusan, Tomi Balogun, Seyi Law, Shola Akinlade, Otto Orondaam, and Kunle Idowu (Frank Donga) were among the more than ten (10) speakers who spoke to well over eleven thousand students (11,000) of the University of Lagos, University of Benin, University of Port Harcourt, Obafemi Awolowo University and Ahmadu Bello University.

Jameson Irish Whiskey Unveils ‘Smooth Taste That’s Why’ Campaign In Nigeria

Jameson Irish Whiskey has unveiled its ‘Smooth Taste, That’s Why” campaign featuring the best of the Alté scene. The cool and edgy campaign features brand influencers across music, fashion and lifestyle.

Sterling Bank Transforms Internal Service Desk with Freshworks

Freshworks Inc., a leading US-based provider of cloud-based business software, recently announced its partnership with Nigeria’s prestigious Sterling Bank Plc as a client.

Being a technology pioneer in Nigeria, Sterling Bank realized the importance of upgrading its current IT service desk to a modern, robust, cloud-based platform to empower its employees and also enhance the business efficiency of its technology teams. The 2014 CIO imperative pushed the Bank to align with industry best practices and comply with the CBN IT roadmap for financial institutions in Nigeria.

Heritage Bank wins three prestigious awards in Agric, SME

Heritage Bank Plc, ­­­­­­­­Nigeria’s Most Innovative Banking Service provider, has been adjudged “Best SME Bank Nigeria 2018” by Capital Finance International and “Agriculture Bank of the Year 2018” by the Nigeria Agriculture Awards (MAA).

Saturday, 22 September 2018

Delivering Ecobank Brand Promise As Platform of Choice is my Mandate – Akinwuntan

The Managing Director, Ecobank Nigeria, Mr Patrick Akinwuntan has reaffirmed that his mandate in Nigeria is to grow the Ecobank brand by delivering it as a brand of choice. The bank Managing Director stated that Ecobank service will be available and within the reach of every Nigerian either in their homes or locality through any of the bank’s versatile touch points.

Why Polaris Bank Takes Over Skye Bank

The Central Bank of Nigeria (CBN) has revoked the licence of Skye Bank Nigeria Plc and announced the change in the name to Polaris Bank which takes over the bank.

Will Uber Introduce Keke Napep in Nigeria?

It is a fact that transportation is a serious business. And many countries across Africa have embraced car hailing taxi such as Uber as solution for easy and affordable transportation.

So, Uber has quietly introduced the use of the 3-wheeled vehicle popularly referred to as Tuk Tuk in Mombasa. The service is known as uberPOA.

Thursday, 20 September 2018

Hyde Limited Satisfies Consumer Demands with New Retail Station

Hyde Limited, a global oil and commodities trading company and producer of premium lubricants in Nigeria, has launched a new retail station in Egbeda, Lagos. This station, the sixth from the company, is in line with the company’s vision to be one of the top five most respected brands in petroleum products trading and delivery in Nigeria.

Be present at Africa’s Investment Table, African Development Bank President urges Canada

African Development Bank President, Akinwumi Adesina, has appealed to Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto.

YahClick extends its broadband connectivity in Nigeria

UAE-based global satellite operator Yahsat on Thursday announced the expansion of its YahClick satellite broadband service in Nigeria, bringing reliable Internet access to all areas across the country. The announcement comes on the back of the recent commercial readiness of Yahsat’s third satellite, Al Yah 3.

Milan Fashion Week: Moschino Teams Up With Wizkid For Partnership With Ciroc

Jeremy Scott, the creative director of Moschino has announced his collaboration with Nigerian pop star, Wizkid and Ciroc, for the Milan Fashion Week.

Wednesday, 19 September 2018

Airtel Rolls Out 4G LTE in Anambra State

...4G Service now live in Onitsha, Awka, Nnewi, other key towns

Airtel Nigeria has reaffirmed its positioning as a leading mobile Internet services provider as it announced the deployment of 4G LTE (Long Term Evolution Service) in Onitsha, Awka, Nnewi and other major cities and towns in Anambra State.

Huawei Technologies Unveils Kirin 980, the world's first 7nm process mobile phone

Technology Giant Huawei Technologies has unveiled the world's first 7nmprocess mobile phone SoC chipset, the world’s first cortex-A76 architecture chipset, the world’s first dual NPUdesign, and the world’s first chipset to support LTE Cat.21.

Africa’s entertainment and media industry enters dynamic new wave of convergence – 3.0

...11.6% CAGR will take Nigeria to US$2.9 billion in 2022 from US$1.7 billion in 2017

Africa’s entertainment and media industry has entered a dynamic new phase - a third wave of convergence. The borders that once separated the entertainment and media (E&M), technology and telecommunications industries are blurring in the battle for the attention of the consumer in a world that is rapidly digitising.

Nigerian Travellers To Enjoy Food And Wine Channels On ICE

Nigerian travellers can now enjoy the newly introduced Food and Wine Channels on the award winning Inflight, Communication and Entertainment channel in order to get the behind-the-scene view of how the airline make its on-board menus and its works with global partners.

Demographic Trends Threaten Global Progress, Goalkeepers Data Report Reveals

...Urgent Need to Increased Focus on Health and Education in Poorest Countries

The Bill & Melinda Gates Foundation today launched its second annual Goalkeepers Data Report, pointing to demographic trends that could stall unprecedented progress in reducing global poverty. While 1 billion people have lifted themselves out of poverty over the past 20 years, rapid population growth in the poorest countries, particularly in Africa, puts future progress at risk. If current trends continue, the number of extremely poor people in the world could stop its two-decade decline-and could even rise.

Stanbic IBTC takes financial literacy campaign to Covenant University

In a move to impact financial knowledge on Nigerian youths, Stanbic IBTC Bank, in partnership with Creative Youth Community Development Initiative, a Wole Soyinka Foundation, has organized a Financial Literacy forum for students of Covenant University, Ota, Ogun State during which they were taken through basis issues in finance, banking and the economy.

Arsenal announces leadership shakeup

Following the confirmation of the long-term rumour that Arsenal's chief executive, Ivan Gazidis is moving to Italian football club AC Milan, English Premier League club Arsenal have announced that Vinai Venkatesham and Raul Sanllehi have both been promoted to new roles to oversee the running of the club.

CBN injects $210m into foreign exchange market

Central Bank of Nigeria (CBN), has again intervened in the inter-bank foreign exchange market to the tune of $210 million.

Tuesday, 18 September 2018

2018 GTBank Fashion Weekend to hold in November

From Saturday the 10th to Sunday the 11th of November, 2018, fashion enthusiasts all over the world will be treated to an unparalleled exposé of Africa’s finest in fashion at the 3rd edition of the GTBank Fashion Weekend. Holding in Lagos, one of Africa’s largest and most cosmopolitan cities, the two-day event will bring together renowned fashion personalities from around the world and budding small businesses in the local fashion industry to create the biggest fashion experience in Africa.

FCTA partners Oxford Business Group in research on Abuja’s growth story

The Federal Capital Territory Administration (FCTA) has designated Oxford Business Group (OBG) as the intelligence firm to produce detailed analysis that will explore the economic expansion under way in Nigeria’s capital city and the opportunities available there for investors.

10th NB Golden Pen Awards Holds September 28

The grand finale of this year’s Nigerian Breweries Golden Pen Awards, which comes up on Friday, September 28, 2018 promises to be grand indeed, going by the level of readiness of the organisers.

Monday, 17 September 2018

How Blended, Maverick & LagosPay Emerge Winners of Visa, LSETF Cashless Lagos Hackathon

Visa, the world’s leader in digital payments, has announced three winners from the just concluded Cashless Lagos Hackathon in partnership with Lagos State Employment Trust Fund (LSETF).

Emirates Upgrades Aircraft on Abuja Operation

Emirates Airline has announced an upgrade of its aircraft on the Abuja route and now operates a Boeing 777-300ER instead of the B777-300 classic, with effect from September 15, 2018.

Squad spending limits for LaLiga Santander and LaLiga 1|2|3 clubs in 2018/19 confirmed

LaLiga's financial controls continue to set the benchmark across Europe. Results achieved over the lost four seasons substantiate the success of a project which has token on huge importance since Javier Tebas was appointed LaLiga president. As well as being a ground-breaking system thanks to the a priori financial controls and the high level of detail incorporated into its development, it also lays the foundations for future challenges.

MainOne partners Orange to boost internet access into Francophone West Africa

French Telecoms company, Orange and leading West African Connectivity and Data Centre services provider, MainOne have struck a partnership that will see the French telecoms giant co-invest in two new cable landing stations in Dakar, Senegal and Abidjan, Cote D’Ivoire while the broadband infrastructure provider will provide additional capacity via its 7000km cable system from Europe to Africa with landing stations in Nigeria, Ghana and Portugal, reinforcing the position of both companies in the African telecommunications ecosystem.

Ghana FDA Applauds P&G on Quality Standards

Procter and Gamble (P&G) Nigeria, has been applauded for maintaining high standards in its operations and being in full compliance with total quality control measures at its Ibadan Plant, Oyo State. The Foods and Drug Authority, Ghana gave the applause during a week - long attachment and exchange Programme of the officials of the FDA at the plant.

Kufre Ekanem Appointed FUTA Goodwill Ambassador

...Holds First Distinguished Lecture 

Mr. Kufre Ekanem, the Corporate Affairs Adviser of Nigerian Breweries Plc and Mr. Abiola Popoola, a Human Resource icon have been announced as Goodwill Ambassadors of The Federal University of Technology, Akure. The conferment and plaque presentation occurred in Akure as part of the activities of the institution’s first ever Distinguished Lecture which was delivered by Mr. Ekanem,. The Distinguished Lecture, organized by the International Strategy Office of the University, was themed “Global Perspectives on Collaborations & Partnerships between Universities and Industry”.

Lagos to host Biannual Africa Fintech Summit for the first time in November

Africa’s premier fintech event, the Africa Fintech Summit, will be held for the first time in Lagos, Nigeria, on November 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors.

Food and Beverage Recycling Alliance Commemorates World Clean Up Day

The Food and Beverage Recycling Alliance (FBRA) has been commended by the Lagos State Ministry of Environment as it embarked on a clean-up exercise at the Arena Market in Oshodi, Lagos on Friday in commemoration of the World Cleanup Day, which falls on September 15, this year.

GE Launches World’s First 6B Repowering Gas Turbine Solution

...Marks 40 Years of Innovation 

GE’s Power Services Business Continues Investments in Its Power Generation Fleet with new Solution that Elevates Existing 6B Gas Turbine Performance to New Unit Capabilities
The New Solution Will Help Power Producers achieve up to $3 million a year in fuel savings per unit
This Solution Enables Power Producers to Refresh their Aging Assets with the Latest Technology with Small Modifications to the Balance of Plant

GTBank calls for aspiring African fashion designers with Sketch to Fame

Are you are an aspiring fashion designer? Can you create amazing fashion sketches? The Sketch to Fame competition is for you!

Turkish Airlines Unveils Fresh Look For Cabin Crew, Marks 85 Years of Success

As part of its celebration of 85 successful years, Turkish Airlines has launched a fresh look with a new uniform specially designed for its cabin crew. The new uniforms will begin to be used following the opening of the Istanbul New Airport, the “new home” of the flag carrier airline.

Thursday, 13 September 2018

Andela Nigeria Appoints New Country Director

Former Senior Manager at Accenture Nigeria, Omowale David-Ashiru, has been appointed as the first female country director for Andela Nigeria.

Top 10 Nominees Announced For the Prestigious US$185,000 Innovation Prize for Africa 2018 Awards

The African Innovation Foundation (AIF) on Thursday announced its top 10 nominees for its prestigious Innovation Prize for Africa (IPA) 2018 awards. This year’s Call for Applications with its theme “African innovation: Investing in Inclusive Innovation Ecosystems” attracted more than 3 000 applications from 52 African countries.

Youth-Led Research Highlights Challenges Young People Face In Hospitality & Tourism Sector

With over one billion young people set to enter the global labour market over the next decade, many policy makers and development practitioners see hospitality and tourism as a key growth sector in Africa. However, perceptions regarding the sector need to shift if African countries hope to unlock its full economic potential, according to a new youth-led research report released today by Restless Development and the Mastercard Foundation Youth Think Tank (YTT).

A Blueprint for Africa’s Future Cities

Firmly established as Africa’s most progressive business orientated jurisdiction, Mauritius’ forward-thinking and nimble policies have resulted in the island nation riding the wave to the centre of investment and development in Africa.

First Bank MD, Adeduntan at the signing of MoU between China and Africa

Officials and business executives from China and Africa recently convened in China for a High-Level dialogue among Chinese and African Business representatives.

LaLiga Matchday 4 Preview: Barcelona, Real Madrid Take 100 Percent Records to the Basque Country

LaLiga Santander returns this weekend with joint leaders Barcelona and Real Madrid aiming to continue their 100% records on tricky trips to face Basque sides Real Sociedad and Athletic Club, respectively.

Audu Ogbeh, PAN President Laud Chi Farms, Zoetis on Veterinary Laboratory Project

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has lauded CHI Farms and Zoetis for the establishment of City Laboratory, an ultra-modern veterinary diagnostic centre, commissioned on Wednesday, September 12, 2018 in Ibadan, Oyo state.

Guild of Professional Bloggers Maiden Annual Lecture to Focus on Fake News

The Guild of Professional Bloggers Of Nigeria is poised to tackle the problem associated with fake news as it concludes arrangement towards holding its first annual lecture.

Wednesday, 12 September 2018

SPAR Nigeria Partners Aurora Foundation to Fete Beauty Queens From Across the Globe


In a bid to support noble initiatives, SPAR Nigeria, leading chain of hypermarket, has partnered with Aurora Foundation to give a befitting treat to beauty Queens from all across the world who are in Nigeria on a VIP Humanitarian and Tourism visit to Nigeria.

Diversification Efforts Likely to Take Time, New OBG Business Barometer Report Reveals

Confidence levels remain high among the majority of executives interviewed for the 2018 edition of the Business Barometer: Nigeria CEO Survey carried out by Oxford Business Group (OBG), although accessing credit continues to present problems for many entrepreneurs and risks hampering the country’s efforts to diversify its economy away from a reliance on oil.

Stanbic IBTC Insurance Brokers to offer annuity to retirees, others

Stanbic IBTC Insurance Brokers Limited, a member of the Stanbic IBTC Group, has announced the addition of annuity products to its rich bouquet of insurance offerings, in a move targeted at giving retirees a variety of retirement income solutions to choose from.

Heritage Bank MD charges banks to intervene in building vibrant economy driven on wheel of SMEs

The MD/CEO of Heritage Bank Plc, Mr. Ifie Sekibo yesterday tasked commercial banks to intervene in building a formidable economy driven on the wheel of Small and Medium Scale Enterprises (SMEs) because there is lots of value and opportunities in the SMEs sector.

iSON Technologies, Staxx Solutions partner to strengthen mobile device cyber security across MEA

iSON Technologies, a leading technology services provider in Africa has announced a strategic partnership with Staxx Solutions, a technology solutions provider with strong focus on mobile security. The partnership is aimed at providing customers with the best of breed in mobile device cyber security solutions.

Emirates Announces Attractive Offers to Dubai

Emirates is offering Nigerian travellers the opportunity to visit Dubai, available at a very special offer for Economy and Business Class round-trip, a free third piece of luggage.

Power Supply: Consumers demand debt rebate months after prepaid meter deployment

Following the deployment of thousands of prepaid meters by Ikeja Electric (IE) to its customers in Shomolu area of Lagos to further close the metering gap, some customers have appealed to the electricity distribution company to offer debt forgiveness on their accumulated outstanding.

Tuesday, 11 September 2018

Sprint, Nokia show first demonstrate of 5G New Radio (NR) connection in the U.S.

Nokia and Sprint will show the first live demonstration in the U.S. of a 5G New Radio (NR) connection over a dual mode-capable Massive MIMO radio, bringing this revolutionary technology one step closer to reality. Shown at Sprint's booth (#S1702) during Mobile World Congress Americas, the companies will use Sprint's 2.5 GHz spectrum, Nokia's commercial AirScale Base Station and Massive MIMO Active Antenna, and a VIAVI TM500 5G test device emulator. The demonstration highlights Sprint's approach using its 2.5 GHz spectrum and game-changing Massive MIMO technology to deploy mobile 5G in the first half of 2019.