Monday, 18 March 2019

Money Market Rate to Trade Low this Week

Money market rates are expected to trade slightly lower following system liquidity boost, dealers have said.

Using advanced AI to stay ahead of cybercriminals - Tech Expert

As the threat landscape continues to evolve rapidly, it now includes increasingly sophisticated, zero-day malware that traditional security approaches can no longer keep pace with. As a result, security researchers estimate that the cost of cybercrime will outpace security spend by over 16X, reaching $2.1 trillion by the end of 2019.

Doros Hadjizenonos, Regional Director – SADC at Fortinet
Staying ahead of today’s accelerated cybercrime trends requires adding artificial intelligence (AI) to an organisation’s network security strategy.

Heritage Bank tasks HB LAB start-ups on Nigeria becoming Africa ICT destination hub

Heritage Bank Plc, Nigeria’s most innovative banking service provider charged applicants of HB Lab start-ups to support Nigeria’s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa.

Lyft kicks off its IPO, Peg Valuation at $2 billion

Ride-hailing company, Lyft Inc. will launch the investor road show for its initial public offering today Monday, March 18, 2019 as it aims to raise $2 billion from its listing this month..

No Court Order to forfeit Sells Value of Our Airtel Shares - O&O Networks

O&O Networks Limited, Special purpose vehicle owned by the Ecobank Group says contrary to certain media reports, there is no forfeiture order of the Federal High Court of Nigeria in its proceedings that is directed against Ecobank Transnational Incorporate (ETI) or Ecobank Nigeria Limited.

Friday, 15 March 2019

BAP Productions takes Fela Kuti Musical to South Africa

Bolanle Austen-Peters (BAP) Productions, blazing a trail in Nigerian theatre and musicals at it takes the world renowned story of Fela Kuti to the South African State Theatre. Fela and the Kalakuta Queens will be on the South Africa’s stage from 27th March until 7th April 2019. This comes after a successful premiere of the powerful musical production at the state-of-the-art Terra Kulture Arena in Victoria Island, Lagos, Nigeria.

Cars45 expands retail footprints with Enyo partnership

In continuation of its drive to facilitate ease of access and deliver more convenient services, Nigeria’s largest online vehicle trading platform, Cars45, has partnered with ENYO Retail and Supply, an innovative fuel retail brand, to increase its retail footprints and provide consumers with opportunities to buy, sell or swap their cars at all Enyo service stations nationwide.

Mouka Celebrates World Sleep Day in Style, Opens Sleep Gallery

Mouka Limited, Nigeria’s leading manufacturer of mattresses and foam products in Nigeria, marks the World Sleep Day in style by opening another world class Sleep Gallery at its corporate head office in Lagos. The Ikeja Sleep Gallery is an addition to seven others across the nation.

Dangote, Chevron Nigeria Sign Historic Agreement on Gas Supply

Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron’s supply portfolio to the fertilizer plant, which is poised to start operations soon.

Thursday, 14 March 2019

Laliga: Barcelona Face Tricky Trip to Real Betis As Zidane’s Madrid Battles RC Celta

LaLiga Santander leaders Barcelona face a tricky trip to Real Betis on Sunday, with the weekend’s schedule packed with new beginnings and huge clashes at both the top and bottom of the table.

League leader Barcelona to face Real Betis at the weekend
With 11 games to play Barça have a seven-point advantage at the top of the LaLiga Santander standings, having upped their form as the crunch period of the season arrives, with chasers Atletico de Madrid and Real Madrid waiting to pounce on any slip-ups.

Airtel Nigeria Unveils New Number Range, 0901

...Says New Number Series will create opportunities for more telecoms consumers

Leading telecommunications services provider, Airtel Nigeria, has announced a new number range, 0901, in line with its vision to empower more people as well as create opportunities for more Nigerians to succeed.

Sheraton unveils New Logo marking Transformation Milestone

Sheraton Hotels & Resorts, Marriott International’s most global brand continues its transformation journey with a nod to its timeless pioneering legacy, as it unveils a new logo that pays homage to its past and depicts its vision for the future.

Wednesday, 13 March 2019

BREAKING: Nigerian govt bans Boeing 737 Max planes from country’s airspace

The Nigerian federal government has banned Boeing 737 Max airplanes from flying into Nigeria’s airspace following a fatal crash in Ethiopia over the weekend.

NOSAK Debuts Online IMC Business Directory in Nigeria

Nosak, a diversified business group with interests in key sectors of the Nigerian economy, has launched an online local business directory allowing users to access information about Integrated Marketing Communication (IMC) companies in the country.

Sandisk Ultra microSDXC: Smart Choice For Consumers Looking to Maximize Storage Capability

microSD memory card accessibility remains valuable to mobile phone manufacturers. Customers demand a growing storage capability, especially with the growth of photo- and video-centric apps like Instagram, Snapchat, Netflix and other downloadable video services. Higher-resolution photos and video, as well as increasing file sizes, fuel a need for more device storage space.

African e-commerce startup Jumia files for IPO on New York Stock Exchange

African e-commerce startup Jumia has filed for an initial public offering (IPO) on the New York Stock Exchange.

Sale of Customer’s N2.5b Goods: Access Bank States its Case

Says ‘The Sale was in Line with the Agreement’

Contrary to the story milling around about the contrived sale of a customer’s goods worth N2.5billion by foremost financial services provider, Access Bank Plc, the bank has come out in defense of the purported sale by vehemently denying any wrongdoing whatsoever in the alleged sale of the said customer’s goods.

Stanbic IBTC maintains strong liquidity, grows FY 2018 PAT by 54%

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has released its audited financial results for the financial year to 31 December 2018 to the Nigerian Stock Exchange, which showed a strong liquidity position.

Tuesday, 12 March 2019

African Development Bank, Sophia University sign MOU to build capacity

The African Development Bank ( and Sophia University in Japan, have signed a Memorandum of Understanding to promote capacity development within the two institutions for their mutual benefit and the entire African continent.

2019 Cowbellpedia: Schools Entry Hit Record High As Online Registration Increases

Participating schools have fully embraced the online registration format leading to a record enrolment as a total of 56,073 students took part in Stage One of the 2019 Cowbellpedia Secondary Schools Mathematics TV Quiz Show, sponsored by Cowbell milk, the flagship brand from Promasidor Nigeria Limited.

Monday, 11 March 2019

Visa Mentors 30 Girls to Celebrate International Women’s Month

“Women deserve more than just one day to celebrate their accomplishments. That is why at Visa, we are extending the celebration throughout the month of March.” These were Kemi Okusanya’s words at a mentorship session hosted by Visa for 30 young girls (each one representing a day in the month) from three public secondary schools in Lagos.

Turkish Airlines Halts Flight at Ataturk; Moves to Istanbul

Due to its relocation to the new Istanbul Airport, Turkish Airlines will be ending all its scheduled flights at Ataturk Airport as of April 6th, 2019 at 02:00 (LMT).

WARIF Says #NoTolerance For Violence Against Women

In commemoration of this year’s International Women’s Day, Women at Risk International Foundation (WARIF) has taken a strong stand against rape and sexual violence in Nigeria with the launch of the “No Tolerance” Campaign, sponsored by USAID. The organization has continued to advocate the need for collective participation to put an end to the prevailing incidence of issues surrounding violence against women in Nigeria.

Nic’s Butchery Partners CCD Superstores to Promote Healthy Lifestyle

Nic’s Butchery and CCD Superstores, a subsidiary of Nosak Group have announced a new partnership that will see the retail outlets stock Nic’s brand of fresh meat in all its outlets across Lagos State.

From Left: Mr. Eze Frank, Sales Manager, CCD Superstores, Mrs. Bukola Mato, Managing Director, Nic's Butchery and Mrs. Iyobo Innih, Executive Director, CCD Superstores at the unveiling of Nic's Butchery's brand at the flagship CCD Superstores in Ogudu, Lagos. 
The partnership is aimed at promoting healthy meat consumption in the state, reducing the use of over-exposed meat and poorly handled imported or packaged chicken.

Female empowerment central to sustainable economic growth- Heritage Bank

As the world celebrates this year’s International Women’s Day, Heritage Bank Plc stated that making female empowerment central to organisation’s business strategies is not only critical to growth, but to building a sustainable and flourishing global economy.

Sam Altman Takes A Bow As President of Y Combinator, Becomes Chairman

Sam Altman has taken a bow as president of top startup incubator Y Combinator, a Silicon Valley accelerator; to focus on OpenAI which is at the forefront of AI research into it’s applications and wider impacts.

Ecobank Nigeria Unveils a Special Initiative for Women

As part of activities marking the 2019 International Women’s Day, Ecobank Nigeria has unveiled a special initiative for female entrepreneurs.

Nigeria's OneFi secures $5m debt facility for its mobile lending platform

Nigeria-based fintech OneFi on Friday, March 8, 2019 announced that is has secured $5-million in debt financing from Lendable, which is also a debt platform based in Nairobi and New York.

Stanbic IBTC champions gender equality in Nigeria

As part of its commitment to gender equality, Stanbic IBTC makes a bold statement today the International Women’s Day (March 8) by changing the colour of its logos which are predominantly blue, to magenta on most of its digital platforms. Magenta is the colour of the UN Women HeForShe brand.

Boeing 737: Becoming A Flying Coffin?

In less than five months, Boeing's bestselling passenger jet - 737 has recorded two deadly crashes creating a global worry about the safety of the aircraft model and raising concerns about the reputation of Boeing as a company.

Friday, 8 March 2019

Zedvance Advocates for Gender Equality, Celebrates Female Employees

Foremost consumer finance company, Zedvance Ltd has advanced its commitment to gender equality through an advocacy campaign in commemoration of the 2019 International Women's Day. The company, on Friday, March 8, 2019 organized a mentorship session for female staff anchored on the theme of this year's International Women's Day event, “Balance for Better”.

All Set For GTBank sponsored Lagos International Polo Tournament

Some of the most renowned indigenous and international polo teams are set to convene in Lagos, Nigeria to compete for highly coveted trophies in the 2019 Lagos Int’l Polo Tournament. Sponsored by leading African Financial Institution, Guaranty Trust Bank Plc.

Leaders Barcelona Continue Title Push In Laliga Santander Weekend Full Of Derby Clashes

Clear leaders Barcelona are aiming to remain on track for the title in a LaLiga Santander weekend full of derby clashes with an impact at both the top and bottom of the table.

Nestlé: More Women in the Workplace Make Business Sense

Nestlé has launched an ambitious Gender Balance Acceleration Plan ‘From Aspiration to Action’ as part of its activities to highlight International Women’s Day 2019.

Ecobank to Collaborate With CIBN on Financial Inclusion, Capacity Building

Managing Director, Ecobank Nigeria, Patrick Akinwuntan  has reiterated the need for collaboration between the Bank and Chartered Institute of Bankers of Nigeria (CIBN) on financial inclusion and capacity building with a view to moving the industry forward.

Thursday, 7 March 2019

Visa Launches First Global Competition Focused on Celebrating Women Entrepreneurs

Calling all women entrepreneurs! In celebration of International Women’s Day, Visa today reinforced its dedication to women empowerment with the launch of the first Visa Everywhere Initiative: Women’s Global Edition.

Turkish Cargo Rescues Lions to Their Natural Habitat

Turkish Cargo, the fastest-growing air cargo brand around the world with its offer of services to 124 countries, has brought the three lioness sisters Luca, Charlie and Kai along with the baby lion Nathan to South Africa, their natural habitat, from Kiev via Istanbul, proving its commitment to and regard for animal rights.

Taxify rebrands to Bolt

Ride-hailing company Taxify  is rebranding itself into Bolt. The move was made in line with the firm’s vision of the rapidly evolving transportation industry.

Sony MEA hires Tribeca as its new PR partner

Sony Middle East and Africa (Sony MEA) has hired Tribeca Public Relations (Tribeca) to support it in expanding awareness and driving growth of its range of audio and digital imaging products in South Africa.

Nigeria’s AMPZ, Four Others to Pitch For $50,000 Mest Africa Challenge in Nairobi

Following its emergence as the Lagos Edition of the MEST Africa Pitch Challenge, Nigeria’s sports community, AMPZ will now join four other startups from Ghana, Kenya, South Africa and Ivory Coast as finalists of the Meltwater Entrepreneurial School of Technology (MEST) Africa Challenge. The winner will secure US$50,000 in equity investment.

Nigeria to host Rugby Africa Silver Cup 2019

Rugby Africa has confirmed Nigeria to host the Africa Silver Cup 2019 Pool A Tournament in Lagos in June which will see Nigeria play host to Madagascar, Botswana and Ghana.

SPAR Adjudged 2019 Best Retail and Superstore Brand

SPAR, leading chain of hypermarket stores, has been announced as the winner of the Best Retail and Superstore Brand 2019 award. This announcement was made at the 3rd edition of the West Africa Brands Excellence Awards that took place in Lagos on Thursday, 28th February 2019. The award presented to SPAR was in recognition of its excellent service to Nigerian consumers and the great value addition the brand has brought to West African sub-region.

Stanbic IBTC Bank reiterates support for a savings culture

The desire by Nigerians to get better returns on their savings received a boost with the promotion by Stanbic IBTC Bank of its Max Yield Savings Account (MYSA). The bank, a member of Stanbic IBTC Holdings PLC, said MYSA is a high interest paying account that pays interest at fixed deposit rate (currently up to 6.2% per annum) on savings balances of N100,000 and above.

GTBank Releases 2018 Full Year Audited Results

...Reports Profit before Tax of ₦215.6 Billion 

Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2018, to the Nigerian and London Stock Exchanges.

Wednesday, 6 March 2019

Access, Diamond To Become One Financial Institution From April 1

...As Shareholders Endorse Merger 

The new enlarged Access Bank brand will officially commence full operations on Monday, April 1, 2019. This was confirmed by the CEOs of Access Bank and Diamond Bank, Mr Herbert Wigwe and Mr Uzoma Dozie respectively in an email sent to all their customers today, Wednesday, March 6, 2019.

How Kylie Jenner Became Youngest Self-Made Billionaire Ever

Her name is Kylie Jenner. She is only 21 and she is the youngest self-made billionaire in the world. A record formerly held by the founder of Facebook, Mark Zuckerberg who held the title at the age of  23.

Microsoft opens first datacentres in Africa with general availability of Microsoft Azure

Microsoft has announced the opening of its first datacentres in Africa, with the general availability of Azure from the new cloud regions in Cape Town and Johannesburg, South Africa. This makes Microsoft the first global provider to deliver cloud services from datacentres on the continent, which will help companies securely and reliably move their businesses to the cloud while meeting compliance needs.

Arsenal land Zoom cloud deal

English football club, Arsenal have named Zoom Video Communications as their official enterprise video communications partner.

Security Guard, Wife Commend Airtel Employees for Saving Son’s Life

A middle-aged security man, Mr. Okom and his wife, Mrs. Blessing Okom, have expressed gratitude to employees of leading telecommunications services provider, Airtel Nigeria, for donating the sum of one million naira to save their eight year old son who was battling with complications from a botched appendectomy procedure.

Unlocking the Value of your Innovation Investments

Accenture's research has found that although businesses are increasing their innovation spend, return on investment has declined 27% over the past five years

Toluleke Adenmosun, MD Financial Services at Accenture
Almost one-third (29%) of those Accenture surveyed expect to increase their investments in innovation by more than 50% over the next five years.