Tuesday 30 March 2021
Groupm Expands its Academy to More African Markets, Appoints Sub-committee to Manage Growth in Sub-Saharan Africa
Groupm SSA announced today that in order to meet the needs of an expanding market, it has extended the Groupm Academy GradX program established in South Africa in 2020 to Kenya and Nigeria with plans to add other markets in the future. Furthermore, Groupm has appointed a steering committee for SSA that will harmonise processes across owned offices and affiliates.
Applications Open for 2021 Africa’s Business Heroes Prize Competition
In its third year, the Africa’s Business Heroes (ABH) prize competition gives African entrepreneurs a unique platform to showcase their talent and grow their businesses; ABH, which is the Jack Ma Foundation’s flagship philanthropic program in Africa, annually awards 10 outstanding finalists with a share of a US$1.5 million grant; Applications are now open in English and French for “heroes” across all sectors and African countries, with special emphasis on those working to achieve the UN SDGs.
Monday 29 March 2021
Winners emerge in Heritage Bank’s 'YNSPYRE', Cream Platform Promo
CREAM Platform, Nigeria's premiere creative reward platform officially kicked off its partnership with Heritage Bank's YNSPYRE Initiative with the commencement of the CREAM Monthly draws on Friday - March 26th 2021, rewarding subscribers who dialled the *745*463# code, with lots of cash and other prizes.
2021 World Water Day: NBC Reaffirms Commitment to Sustainable Water Management
Nigerian Bottling Company Limited, a leading consumer packaged goods company and a member of the Coca-Cola Hellenic Bottling Company (CCHBC), has joined the world to celebrate the 2021 World Water Day with a commitment to sustaining safe and sustainable water stewardship at its 8 manufacturing plants spread across the country. This commitment was reiterated by the company at a series of events held in collaboration with stakeholders across Kano, Abuja, Asejire, Lagos and Owerri to commemorate the day.
Africa Oil & Power, Invest In Africa Forge Strategic Partnership in MSGBC Region
Africa Oil & Power (AOP) has signed a strategic partnership with Invest in Africa (IIA) to drive participation of local SMEs in West Africa’s burgeoning energy sector; The upcoming MSGBC Oil, Gas & Power 2021 Conference & Exhibition in Dakar, Senegal (October 26-27) will serve as a critical platform to facilitate market entry and deal-making for indigenous firms; IIA is a leading business and investment promotion association that improves access to skills, contracts and finance for African enterprises.
P&G, Oral B Partners Federal Ministry of Health to Provide Access to Oral Health Care
In furtherance of its commitment to promoting oral health and hygiene, leading consumer goods company, Procter & Gamble (P&G) Nigeria, through its Oral- B brand, partnered with the Federal Ministry of Health to celebrate this year’s World Oral Health Day through community outreach in the Jiwa Community in the Federal Capital Territory, Abuja. The outreach will offer oral health awareness, free dental checks, and a month’s supply of Oral B toothpaste and toothbrushes to members of the Jiwa Community.
Thursday 25 March 2021
SBI Motor Japan officially establishes its very first office in Tanzania
...begins taking applications for new partnerships in the East African region
BSMO Co., Ltd. and SBI Africa Co., Ltd. have established the SBI Motor Tanzania office in Dar es Salaam, the very first official SBI Motor office in Africa. The group will be working in partnership with Afritel Systems LTD, which handles customs clearance and land transportation arrangements locally in Tanzania.
Peace, Security and Investment Lead Russia-Africa Dialogue Agenda for the International Interparty Meeting
Over the last decade, Russia’s sphere of influence in Africa has been broadening. Among, peace, security and investment, natural resources have been at the forefront of many Russia-Africa discussions and continues to grow as interests rise to the development of interparty cooperation of the United Russia Party with African countries.
CBN Communique No. 135 of the MPC Meeting
The Monetary Policy Committee (MPC) met on the 22nd and 23rd of March 2021 confronted with downside risks to the optimism for significant improvement in global output recovery in 2021. The risks stem largely from the uncertainty surrounding the efficacy of the COVID-19 vaccines in surmounting the new variants of the novel coronavirus, as well as speedy deployment of the vaccines across the globe.
Tuesday 23 March 2021
The impact of COVID-19 on the Debt Capital Markets in Africa - FBNQuest
Traditionally, corporates and states in Africa use debt capital markets to raise huge funding. As the coronavirus bites harder against the increasing debt-to-GDP ratios coupled with increasing risks in African countries, the pricing of new issuances in the international debt capital markets became relatively unattractive. Consequently, African governments turned to other concessionary sources like the International Monetary Fund (IMF), World Bank and Development Finance Institutions for funding.
CardinalStone Capital Advisers announces final close of maiden private equity fund, and first fund investments
CardinalStone Capital Advisers (CCA), a Lagos based private equity fund manager, has announced the final close of its maiden private equity fund, the CardinalStone Capital Advisers Growth Fund LP (CCAGF or the Fund) at US$64 million. The Fund which recorded its first close in December 2018 and final close in September 2020, was established to support the growth and institutionalization of small and medium-sized enterprises (SMEs) operating in two of West Africa’s leading economies—Nigeria and Ghana.
World Poetry Day: Dawn Project announces 2021 Competition
The Dawn Project has announced the commencement of the 2021 edition of its annual competition targeted at raising consciousness about the need to protect the environment from climate change. Its theme for this year CLIMATE CHANGE: Poetry and Pictures - A View From The Heart And Eyes… was announced as part of the celebration of the World Poetry Day held at the picturesque LUFASI Park Lagos.
Monday 22 March 2021
9mobile Set to Promote Mental Health Awareness through Virtual Health Talk Series
As part of efforts to cushion the mental health impact of COVID-19 and curb the increasing rate of depression, Nigeria’s caring telecommunication company, 9mobile, is holding the maiden edition of a health talk series themed “Covid-19 and the new normal: Staying mentally healthy in the face of the challenges”.
Industry Leaders to Discuss Gender Investing Gaps among Women at the Second Edition of Zimvest Economic Conversations
In celebration of Women’s History Month, ZIMVEST (Zedcrest Investment Managers), a new-age digital wealth management firm, has rolled out plans to host a two-hour virtual event to steer economic conversations on the financial gaps that exist among young and middle-aged women in Nigeria and provide plausible strategies and ideas to addressing them.
Saturday 20 March 2021
The Dawn of a new Consciousness
Gibson Esere, a student from the University of Port Harcourt made a compelling attempt to raise a new consciousness about the environment with his work which reflected the Nigerian culture and importance of the age-old tradition of storytelling in conveying messages of importance.
Friday 19 March 2021
New Samsung Galaxy A series enables everyone to experience awesome technology
Samsung has unveiled the Samsung Galaxy A32, A52 and A72, making powerful innovation accessible to everyone.
GTBank Releases 2020 Full Year Audited Results, Reports PBT of ₦238.1 Billion
Guaranty Trust Bank plc has released its Audited Financial Results for the year ended December 31, 2020 to the Nigerian and London Stock Exchanges.
A review of the result shows improved performance across all key financial metrics in the face of the unprecedented challenges brought on by the COVID-19 pandemic, reflecting the quality of past decisions and reaffirming its position as one of the best managed financial institutions in Africa.
Thursday 18 March 2021
Gokada Appoints New CEO
Nigeria-based last-mile delivery, logistics, and transportation start-up, Gokada has officially announced the appointment of Nikhil Goel as its new CEO, as it continues to evolve from a riding-hailing company to becoming the leading food delivery, parcel delivery, and last-mile e-commerce fulfilment solution in Nigeria.
Empowering women in critical sectors to challenge the status quo - Lamin Manjang
Although women's rights have seen a significant positive change in the last decade, it remains a critical topic of conversation across various sectors in different parts of the world. According to the United Nations (UN) Secretary-General António Guterres, "Progress towards equal power and equal rights for women remains elusive. No country has achieved gender equality, and the COVID-19 crisis threatens to erode the limited gains that have been made."
Fatgbems Petroleum Fixes technical Issue at IBB Abeokuta Retail Outlet
…Restates Commitment to Quality Product Offering and Exceptional Service Delivery
Fatgbems Petroleum, one of Nigeria’s largest indigenous petroleum products marketing companies has announced that it has completed technical checks on its IBB Abeokuta retail outlet which was affected by floods due to the heavy downpour witnessed in Abeokuta over the weekend. This was contained in a second update to the public on the incident which saw fuel storage tanks flooded with water at the outlet.
Wednesday 17 March 2021
RTI International and BroadReach Group Partner for Impact
Global health technology experts, the BroadReach Group and nonprofit research institute, RTI International (RTI) have announced a partnership between the organizations. Together, they now will offer joint informatics solutions, powered by AI, synthesizing managerial, operational and other types of social and economic data.
Universal Music Group and Boomplay expand license to cover 47 countries across the continent
New licensing agreement will significantly boost the availability of UMG’s African and International repertoire to music fans across Africa ; New markets include South Africa, Ethiopia, Côte d'Ivoire, Cameroon and Senegal; with UMG catalog now also widely available across French-speaking territories for first time.
Tuesday 16 March 2021
Monday 15 March 2021
NQR Code Payment System Launches in Nigeria
Nigeria Inter-Bank Settlement System Plc (NIBSS) has announced the launch of the NQR payment solution; an innovative payment platform implemented on behalf of all financial service providers. The New Quick Response code solution offers a robust platform that delivers instant value for P2B and P2P transactions by simply scanning to pay. It is a solution that will unify the available closed QR Code schemes in the country for consistent user experience and accelerated digital adoption.
This Payment Solution designed to be "low cost" for merchants would see shoppers scan a QR code generated by a seller to pay for an item. Each code will have unique details containing the information relating to the transaction and would link with a customer's Banking App, already enabled on their smartphone.
Speaking during the event, the Deputy Governor, Financial Systems Stability Central Bank Of Nigeria & Chairman, NIBSS, Mrs. Aishah Ahmad, commended the NIBSS team for this trail blazing achievement. She stated that "the CBN as regulator of the banking and payment system in Nigeria is committed to providing an enabling regulatory environment that ensures interoperability, proper market conduct and continued innovation within the financial services ecosystem to foster healthy competition, high quality service and financial inclusion. Against this background, the Bank recently released of the Regulatory Framework for Sandbox Operations in Nigeria and the Guidelines on Open Banking with the objective of opening up the terrain for more transformative ideas and encouraging start-up companies to grow and contribute to the overall economic development in Nigeria”.
On his part, the CEO of NIBSS, Mr. Premier Oiwoh, added – “with more people being able to pay for goods and services with just their smartphones, the ‘NQR Payment is about re-creating the Nigerian payment experience whilst deepening financial inclusion in the country”, “Digital transactions supported through the NQR code payments will promote and enhance consumer payment experience while driving growth for business owners,” Oiwoh added.
This payment solution made available by Banks and other financial institutions has been hailed by financial experts as the ‘Future of Payments’; it will unlock a wealth of extra benefits that will transform the way Nigerians choose to pay for goods and services at all levels.
As consumers and merchants alike move towards technology-driven solutions, QR Codes are growing increasingly important. Nigeria demonstrates yet again that it has a forward-looking financial services industry, as it drives towards a truly cashless and contactless society with NQR.
Nigeria Inter-Bank Settlement System Plc (NIBSS) was incorporated in 1993 and is owned by all licensed banks including the Central Bank of Nigeria (CBN). It commenced operations in June 1994. NIBSS has put in place modern world-class infrastructures for handling inter-bank payments in order to remove potential bottlenecks associated with inter-bank funds transfer and settlement.
Bolt Launches #Drive4WITech internship programme to encourage women participation in Technology
In celebrating International Women’s Month and as part of its efforts to drive more participation and inclusion for women in technology, the fastest-growing ride-hailing platform in Africa, Bolt has launched the #Drive4WITech initiative. #Drive4WITech is a paid internship programme for young women who choose to challenge the status quo and jumpstart a technology industry career.
Wednesday 10 March 2021
Cannes Lions: Young Lions Creativity Awards Assignment Excites AAAN President
The President of the Association of Advertising Agencies of Nigeria (AAAN) and Founder /Chief Executive Officer, X3M Ideas, Steve Babaeko, has been selected by the organisers of the prestigious Cannes Lions Advertising Festival to function as a member of the jury for the 2021 Edition of its Young Lions Creativity Awards slated for this month (March).
#GiveHerBetaHealth: GTBank Champions Access to Health Insurance for Women on International Women’s Day
As the 2021 International Women’s Day (IWD21) calls on people and organisations to #choosetochallenge for a better world for women, Guaranty Trust Bank plc (GTBank) has launched an initiative, tagged #GiveHerBetaHealth, to draw attention to the need for universal essential healthcare coverage, especially for women in the informal sector. Through the initiative, the leading African financial institution is providing 1000 self-employed women with BetaHealth for a year, at no cost.
NIBSS Set To Launch NQR Payment Solution For Nigeria
Nigeria Inter-Bank Settlement System Plc (NIBSS), in partnership with all financial service providers, is set to launch a QR Code driven payment solution.
Samsung Nigeria Lauds Tech Experience Centre, Offers Discount on Its Consumers Products
Samsung Nigeria says it is impressed with the opportunity afforded customers to experience the latest technological transformational devices on display in the Tech Experience Centre, which was opened by TD Africa last October. The commendation coincides with the company’s decision to give its customers discounts on some of its products.
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