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Thursday 20 June 2024

AfriLabs Partners With Korea-Africa Foundation to Drive Innovation in Africa


AfriLabs, a leading network organisation dedicated to fostering innovation and entrepreneurship in Africa, has entered a strategic partnership with the Korea-Africa Foundation through a memorandum of understanding (MOU). This alliance aims to stimulate innovation and bolster economic development across the African continent.

Aradel Holdings Celebrates First Oil from Omerelu Field Re-entry


Aradel Holdings Plc has achieved a major milestone with the successful re-entry of Well 2ST in the Omerelu Field, leading to the attainment of First Oil on May 31, 2024.

Customs Boss, Adeniyi to Address Local Assembler Challenges at Inaugural Auto Industry Summit

...Kia, Carloha, Coscharis, and Others Participate at the Summit 
...Globe Motors Set to Showcase Locally-Assembled Mobile Cooling Van


As anticipation builds for the first Nigeria Auto Industry Summit (NAISU) set for June 27, 2024, at Radisson Lagos, GRA Ikeja, stakeholders from the automotive sector have pledged their support for the event.

FNSB Elects New Officers, Hosts Donors at 66th AGM


The Federal Nigeria Society for the Blind, (FNSB) has elected new officers to drive the affairs of the society at the 66th annual general meeting. 

Wednesday 19 June 2024

Chevron Signs Contracts for Ultra-Deepwater Exploration in Angola's Lower Congo Basin


Chevron has signed two Risk Service Contracts (RSC) for Block 49 and Block 50 in Angola’s Lower Congo Basin, marking a significant step in ultra-deepwater exploration. Awarded by Presidential Decree in January 2024, these contracts, signed through Chevron's Angolan subsidiary Cabinda Gulf Oil Company Limited, initiate the exploration and development of these promising blocks.

TruCSR Nigeria and The SERAS Africa Honour Zenith Bank for Smooth Leadership Transition


The Local Organizing Committee (LOC) of The SERAS Africa Sustainability Awards and TruCSR, Nigeria’s oldest sustainability consulting firm, extend heartfelt congratulations to Mr. Ebenezer Onyeagwu as he concludes his impactful tenure as CEO of Zenith Bank Plc.

Rite Foods Supports Ojude Oba Festival 2024, Reaffirms Commitment to Investment in Ogun State


Rite Foods Limited, Nigeria's leading food and beverage company, has strengthened its commitment to preserving and promoting the rich cultural heritage of its communities by partnering with the Ojude Oba Festival.

Meta Launches Llama Impact Innovation Awards to Support AI-Driven Organizations in MEA, and Turkey


Meta has announced the Meta Llama (Large Language Model Meta AI) Impact Innovation Awards, reinforcing its commitment to open science and empowering developers to drive technological advancements and economic growth across various industries.

IFMA Nigeria Partners with Balmoral Group to Elevate Hospitality Industry Standards


The International Facility Management Association (IFMA) Nigeria Chapter has partnered with the Balmoral Group to enhance strategic capacity building and set global hospitality management standards.

Tuesday 18 June 2024

Tunde Oyeneyin, Alex Morgan, Others Make the List of Nike's Athlete Think Tank For Third Cohort


Nike's Athlete Think Tank, now in its third year, has expanded to include 10 women athletes and four elite women coaches in its latest cohort. The third cohort features prominent athletes such as Tunde Oyeneyin, Alex Morgan, Alice Dearing, Kiki Rice, Laurie Hernandez, Nelly Korda, Oksana Masters, Romane Dicko, Sky Brown, and Yulimar Rojas. Coaches Emma Hayes, Jenny Lang Ping, Dawn Staley, and Diljeet Taylor have also joined the initiative.

FirstBank Secures $200 Million Afreximbank Facility for Key Sectors


First Bank of Nigeria has secured a $200 million facility from Afreximbank to support its clients in the oil and gas, energy, manufacturing, telecommunications, and infrastructure sectors.

CBN Governor to Address Recapitalisation of Nigerian Banks at NBCC Trade Mission to UK


The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso has been confirmed as one of the notable speakers for the Nigerian-British Chamber of Commerce (NBCC) trade mission to the United Kingdom from June 24 to 28, 2024. He would speak on the “Impact of the Recapitalisation of Nigerian Banks.”

AfDB Appoints Dr. Eric Kehinde Ogunleye as Director of African Development Institute


The African Development Bank (AfDB) has appointed Dr. Eric Kehinde Ogunleye as Director of the African Development Institute, effective June 1, 2024. Dr. Ogunleye, a seasoned macroeconomist from Nigeria, brings nearly 20 years of expertise in macro and development economics, capacity development, public governance, regulatory reform, and policy advisory.

Monday 17 June 2024

Why Diageo sold majority stake in Guinness Nigeria to Tolaram


Diageo has sold its 58.02% shareholding in Guinness Nigeria, a publicly-listed company, to Singapore-based consumer group Tolaram. The transaction was executed at a share price of N81.60 ($0.05) per share.

Friday 14 June 2024

FC Barcelona Partners with Hewlett Packard Enterprise to Enhance Fan Experience


FC Barcelona and Hewlett Packard Enterprise (HPE) have announced a partnership, making HPE the Official Edge-to-Cloud Partner of Espai Barça for the next four seasons, until June 30, 2028. This strategic alliance aims to transform the spectator experience at Barça’s new facilities, which will feature cutting-edge technology environments powered by HPE Aruba Networking and HPE GreenLake cloud solutions.