Rite Foods Ltd Refreshes Consumers at Eko Miami Colours of Life Festival in Lagos

The city of Lagos, Nigeria came alive with live music performances, food, dance, art, Santa's grotto, games and more as Rite Foods Limited, Nigeria’s leading manufacturer of Bigi carbonated soft drinks, Fearless energy drinks, Sosa fruit drinks and Rite/Bigi sausage rolls kick-started the December holiday for Lagosians and other consumers with its sponsorship of Eko Miami Colours of Life Festival which held at The Good Beach, Victoria Island, Lagos.

Meta Releases Sub-Saharan Africa ‘2022 Year In Review’ highlighting key milestones across the region

Yesterday, Meta released its `2022 Africa Year in Review,  capturing some of the company's investments and initiatives in Sub-Saharan Africa across innovation, its support of SMBs and Creators as well as its work connecting communities. Showcased through an infographic and short video, this highlights Meta’s ongoing milestones and successes across the region, whilst reinforcing its continued investment and commitment to Africa.

Family, Friends, Mentees commission Sports Centre in honour of Ibukun Awosika at 60

Family, friends & and mentees have unveiled the newly built 'Ibukun Awosika Sports Centre' at the Methodist Girls high school Lagos, in honour of Ibukun Awosika, renowned African entrepreneur, international leader, businesswoman, Chairman & Founder of the Chair Centre Group, former Chairman of First Bank of Nigeria and author on her 60th birthday.

YouTube backs 8th AFRIMA, Reiterates Support For African Music and Creative Economy

Ahead of the highly anticipated 8th edition of the All-Africa Music Awards (AFRIMA), dubbed the 'Teranga Edition,' set to take place in Dakar, Senegal on January 12-15, 2023, global entertainment service YouTube has announced a partnership with AFRIMA to help provide artist-focused educational sessions and live streaming support for the awards.

Fortune Football Academy claims victory at the Fourth edition Cohesion Football Tournament

After two days of competitive football at the highest level, by children between the ages of 9-13, selected from various football academies in Lagos, Fortune Football Academy has emerged winners of the fourth edition of the Cohesion Football Tournament, an annual community tournament aimed at engaging talented grassroots children in the Surulere and Mushin local government area of Lagos state. The competition took place on December 15th and 16th 2022 at the Union Bank Stable, Surulere, Lagos State, Nigeria.

New WhatsApp Feature Allows Users to Undo the ‘Delete for me’ Option

WhatsApp has introduced a new “Accidental Delete” feature to help users who mistakenly select “Delete for me” instead of “Delete for everyone” when erasing a message from a chat. 

SERAS 2022: 9mobile Bags Africa Prize for Innovation Award Back-To-Back

Nigeria’s telecom provider and youth-friendly brand, 9mobile has been recognized for its innovation in driving initiatives that solve critical societal challenges for the second consecutive time at the 16th edition of the prestigious Sustainability, Entrepreneurship, and Responsibility Awards (SERAS).

Oyin Solebo Named as Managing Director of ARM Labs Lagos Techstars Accelerator

Oyin Solebo, the co-founder of Movemeback has been appointed as the new managing director of ARM Labs Lagos Techstars Accelerator, a Lagos-based programme formed through a partnership between ARM Labs and Techstars.

Stanbic IBTC Donates to Hundreds of Families Affected By Floods in Kogi, Anambra, Delta, Bayelsa and Rivers States

Stanbic IBTC Holdings, a member of the Standard Bank Group, made donations of non-food relief items worth 20 million naira to 650 families. The donations were made in support of the Nigerian government’s efforts to provide relief to victims of the recent flood disaster that had affected Kogi, Anambra, Delta, Bayelsa and Rivers States.

Sygen Pharma Formally Introduces Corporate Brand in Nigeria

…with the goal of promoting communal well-being for all Nigerians

Established in March 2019, Sygen Pharmaceutical Limited (Sygen Pharma) has now formally introduced its corporate brand to Nigerians. Sygen Pharma plans to drive innovation in the pharmaceutical industry with the aim of promoting overall communal well-being for all Nigerians. Led by a management team with extensive multinational and international work experience, Sygen Pharma is on a mission to develop and create access to high-quality medicines that yield successful outcomes and improve patients’ quality of life in the communities it operates.

Nostalgia and Nigeria’s return to the sounds of the 90s and 00s

Are Nigerians longing for the golden age of R&B and Rap?

Nostalgia is a strong force that impacts just about every individual, particularly pop culture fans. You only need to look at the recurring obsessions with 2000s Nollywood and the global trend of 80s and 90s TV and film reboot to see proof of that yearning for times bygone. Even in newer, more avant-garde creations, such as Stranger Things or Doja Cat's otherworldly music videos, it is easy to see the strong influence of nostalgic elements. 

Pan-African VC firm, Ventures Platform Closes Intercontinental Fund, Surpasses $40M

Pan-African early-stage venture capital firm, Ventures Platform has announced the final close of its early-stage and intercontinental fund at $46 million. 

Meta Sued For Allegedly Inflaming Ethnic Violence in Ethiopia

The parent company of Facebook, Meta, was sued on Wednesday in Kenya’s High Court for allegedly encouraging hate speech, inciting ethnic conflict, and failing to moderate content in Eastern and Southern Africa.

AMACOS 94/99 Alumni of MAPOLY Set to Launch Better Together Seed Funding Initiative

…As Group Holds 2022 Owambe-Themed Annual Reunion

In her quest to further boost inclusiveness and cohesion amongst its teeming members, the ‘94/99 graduated set of the Association of Mass Communication Students (AMACOS) of the Moshood Abiola Polytechnic, (formerly Ogun State Polytechnic), Ojere, Abeokuta has concluded plans to launch a social safety initiative ‘’Better Together’’, aimed at empowering its members as well as providing the succour of multi-dimensional safety nets against the recurrent economic hardships presently been experienced across all tiers of human endeavours globally as part of activities marking her 2022 Annual Reunion themed ‘’Owambe’’, scheduled to hold on Saturday, December 17, 2022 in Lagos. The project with a projected take-off sum of Three Million Naira; has already been flagged off with a sum of over One Million Naira.

WISCAR advocates for inclusion at the 2022 Annual Leadership and Mentoring Conference

…Chimamanda Adichie, Muhammad Sanusi Lamido, BeatriceEyong, others lend their voices 

On Saturday,10th December 2022, Women in Successful Careers (WISCAR), a leading not-for-profit and non-governmental organization focused on women empowerment and strategic mentoring for professional women concluded the 12th Edition of its Annual Leadership and Mentoring Conference. The Keynote speaker, Chimamanda Ngozi Adiche and other panellists led the discourse on the WISCAR Theme “For the Nation; The Power of Inclusion”. During the conference, the graduation of 51 women professionals from the 2022 cohort took place. 

Prosper Africa plans to invest $170 million to boost African exports and U.S. investment by $2 billion

At the U.S.-Africa Business Forum’s Deal Room, the White House’s Prosper Africa initiative announced today an ambitious set of multimillion-dollar investments to boost African exports and infrastructure and mobilize private investment to accelerate African innovation. 

Radisson Hotel Group opens first Zambian resort minutes away from Victoria Falls

Radisson Hotel Group has officially announced the opening of Radisson Blu Mosi-oa-Tunya Livingstone Resort, Zambia. Nestled on the banks of the Zambezi River, the resort is the Group’s first safari resort in Africa and first resort in Zambia, and is a key step towards its goal of reaching 150 hotels in operation and under development in Africa by 2025.

British International Investment backs Zambian climate entrepreneurs

British International Investment, the United Kingdom's development finance institution and impact investor, has made a $50 million loan to one of Zambia's leading banks in an effort to increase climate finance and entrepreneurship in the country.

Open Letter to US and African Governments in Attendance at U.S.-Africa Leaders Summit

On this historic gathering of African governments, private sector leaders and their delegations on the invitation of President Biden to Washington, DC from December 13-15, 2022, for the U.S.-Africa Leaders Summit, we issue this open letter with a call to action.

Senate Confirms Aishah Ahmad, Edward Adamu for Second Term as CBN Deputy Governors

Yesterday, the senate confirmed Mrs Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Adamu, Deputy Governor, Corporate Services, Central Bank of Nigeria for second and final terms in office.

MediaTek Dimensity 9000 Chipset Now Available for Consumers in Nigeria

MediaTek has announced the entry of its flagship processor, the Dimensity 9000 chipset, to the Nigerian market. The NextGen 5G smartphones powered by MediaTek’s Dimensity 9000 chipset technology will be a game-changer for smartphone users in Nigeria.

Kwely Launches Made in Africa Wholesale Marketplace

Kwely Inc. announced today the launch of its game-changing, B2B e-marketplace to provide African producers and manufacturers with a global window to sell their products at scale. International buyers can now source high-quality, unique, and locally-made products from across the continent. Starting with Made-in-Senegal products ranging from food, well-being, hair and skin care, the platform offers products which have been produced, tested and packaged following international standards such as the US Food & Drug Administration (FDA) packaging requirements.  

CSR: Stanbic IBTC Adopts School in Gombe State

Stanbic IBTC Holdings, a member of Standard Bank Group announced it had adopted Kurba Community Primary School in Yamaltu Deba LGA in Gombe state school as part of its Adopt A School Programme.

Telecoming Partners with MTN Group to Monetize Digital Services in 21 African Countries

Telecoming, an international company specializing in sport and entertainment monetization technologies, has reached a strategic agreement with MTN Group to monetize its sports offer in 21 countries. The impact of the deal opens up a potential market of more than 280 million African users.

Veteran Journalist, Chris Kehinde Nwandu Graduates With Second Class Upper in Law

Chris Kehinde Nwandu, Nigeria's foremost journalist and online publisher, has completed his second degree in Law with a second-class upper division.

Savannah Announces SPA with PETRONAS for Acquisition of Entire South Sudan Oil and Gas Portfolio

Savannah Energy PLC, the British independent energy company focused on the delivery of Projects that Matter in Africa, is pleased to announce that it has entered into a Share Purchase Agreement (“SPA”) with PETRONAS International Corporation Limited (“PETRONAS”) to acquire PETRONAS’ entire oil and gas business in South Sudan (the “PETRONAS Assets”) through the acquisition of Petronas Carigali Nile Limited (“PCNL”) (the “Transaction”), for a total cash consideration of up to US$1.25 billion, subject to certain completion adjustments (the “Transaction Consideration”). 

One-Quarter SMBs Expected to Make Half their Annual Revenue in the Final Months of the Year - Meta

The festive season is a critical period for small businesses as a study from Meta’s latest Global State of Small business Report shows that 25% of SMB owners expect to make more than half of their annual revenue in the final months of the year.

Dangote, IHS, BUA emerged 2022 ‘Most Responsible Businesses in Africa’

For their respective initiatives geared towards bridging the Sustainable Development Goals (SDGs) gap through impact investment in climate, circularity and the future of sustainability, The Sustainability, Enterprise, and Responsibility Awards (The SEARS CSR Awards Africa), has announced Dangote Group, HIS Towers and BUA Group as the most responsible businesses in Africa at the 16th edition in Lagos recently.

ThriveAgric from Nigeria is 2022 Global Winner of Visa Everywhere Initiative

Today ThriveAgric, an innovative start-up that champions technology to transform the payments landscape for the agricultural sector, was crowned winner of the Visa Everywhere Initiative (VEI) – a global open innovation program and competition for start-ups and fintech companies.

Ahmad, Lametek get Presidential nod as Deputy Governors, CBN for Second Term

President Muhammadu Buhari has reappointed Mrs. Aishah Ndanusa Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Lametek Adamu, Deputy Governor, Corporate Services, Central Bank of Nigeria to serve second terms at the apex bank.

Gerety Awards announces Bunmi Oke, 44 in all-female 2022 grand jury

The former President of the Association of Advertising Agencies of Nigeria (AAAN) and Chief Executive Officer of Ladybird Advertising, Mrs. Bunmi Oke has been named among a 45-member all-female grand jury for next year- 2023 Gerety Awards.

ARCON Raises Bar of Professional Practice, Inducts 25 New Members, 3 Fellows

The Advertising Regulatory Council of Nigeria, (ARCON) on Wednesday, December 7, 2022 inducted into its fold 25 new members and three fellows in Lagos.

Outgoing ASSBIFI President Accused of Illegality, Fraudulent Transfer of Office

…Allegedly Robs Comrade Danesi of Electoral Victory

 

The President-elect of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), Comrade Amina Danesi who emerged after a free and fair election held at the bankers' group recently, has accused the outgoing President, Oyinkan Olasanoye of conniving with some disgruntled members to rob her of her mandate as newly elected President.

 

Chipper Cash Lays Off 12.5% of Workers After Its First Acquisition

Chipper Cash, an African startup that specializes in cross-border payments, has had to lay off a large number of employees.

Meta Introduces 3D Avatars to WhatsApp

Meta has finally announced the introduction of its avatars to WhatsApp as a new and personalized way for its users to express themselves.

Purple Announces New Tenants in Purple Lekki to Expand Investment

Purple Real Estate Income Plc ("PREIP" or "Purple"), Nigeria's breakthrough real estate investment platform, today announced that the group has signed a series of agreements with high-profile retailers and businesses including Tommy Hilfiger, Levis’, and Aldo - to become new tenants and partners at PurpleLekki - a new 38 square metre development responding to the growing demand for all-inclusive living and domestic retail.

TPT Bags Digital and Social Media Agency of the Year at LaPRiga 2022

Barely two weeks after it emerged as the PR Agency of the Year at the Nigerian Marketing Awards, TPT International has emerged as the Digital and Social Media Agency of the Year.

P+ Measurement Services Wins Six awards in 2022… LaPRIGA, Brandcom, and others

P+ Measurement Services, Nigeria’s leading Independent Public Relations measurement and evaluation agency, has through its quality services to clients in diverse sectors attained numerous feats comprising the 'Best in the use of Research and Measurement' award at this year's Lagos State PR Industry Gala and Award (LaPRIGA), the 'Best PR Measurement Company of the Year and the 'Best Media Monitoring and Intelligence Company' awards at the 2022 Brandcom and Nigeria Media Nite-out award ceremonies held respectively in Lagos.

How Meta is preparing for Nigeria’s 2023 elections

Today, Meta has announced the steps it is taking to protect the integrity of the Nigeria elections taking place in 2023. This includes its efforts to combat the spread of misinformation and to make political advertising more transparent.

How SBI Media Workshop 3.0 Unmasked Opportunities in Blockchain

It is immutable, open, transparent and imbued with opportunities. With the success of the just concluded SBI Media Workshop 3.0, the blockchain ecosystem is no longer oblivious to many enthusiastic and talented youths. This was the summary of the feedback given by participants last Saturday at the SMW 3.0 held at the Radisson Hotel, Lagos.

Emirates performs a National Day double flypast over the UAE’s biggest annual sports and entertainment festival

Thousands of spectators were treated to a spectacular low-level flypast over the Sevens Stadium this afternoon, in celebration of the biggest and longest-running sports and entertainment festival in the Middle East – the Emirates Dubai 7s.

EiE Nigeria Set to Present a Book on its Footprints December 12

Enough is Enough Nigeria (EiE), a civil society organisation has concluded preparation to host a public presentation of its book of 12 chapters that reflects on its history through the eyes of its founders and partners, titled, Footprints: Past. Present. Future.

Beat the Heat in Dry Season with LG Air Conditioner

…Snatch a glimpse of the best Split AC for the scorching heat and hot waves of the Dry season

Split Air Conditioner is an appliance that you must own especially if you are unable to resist the scorching heat and hot season waves. In order to keep yourself calm and composed throughout the day and cut down on your bills, you should vouch for an energy-efficient split Air Conditioner at the earliest. Before the heat traps you, you must know how to beat the heat with the utmost smartness. The innovations have revolutionized the way people perceive their home appliances and thus the need to transform your home into a SMART HOME makes more sense.

DLM Asset Management Hosts Webinar on Financial Growth

DLM Asset Management, a subsidiary of a leading investment firm, DLM Capital Group has recently hosted a webinar themed, “How To Grow Your Money In Difficult Times’, which was designed to educate their clients, prospective clients, and the entire public on how to grow and preserve their wealth in difficult times.

Egyptian startup SideUp Secures $1.2 Million in Seed Funding, Extends Operations

Egypt’s statup, SideUp has raised $1.2 million in Seed round from leading global and regional investors in early-stage growth startups, including Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam.

Heritage Bank supports over 500 widows, receives UN Award for Humanitarian Service

Heritage Bank received the 2022 United Nations Award for Humanitarian Service by the Widows & Orphans Support Society of Nigeria (WOSSA), as no fewer than 500 widows and orphans in Lagos State benefitted from the Bank’s support. 

Sports Lovers, Consumers Anticipate Fanfaro Autofest – The Fearless Edition in Ibadan

The Lagos metropolis was agog on Saturday, November 26th 2022 with the Fearless Geng of power bikers and skaters who stormed the city with high-octane energy of bike displays and skating stunts to sensitize consumers, sports lovers and auto enthusiasts in preparation for the biggest auto-festival event in Nigeria – Fanfaro Autofest – The Fearless Edition.

Tingg by Cellulant Wins Merchants Payment Company of the Year at 2022 Nigeria BAFI Awards

Tingg, Cellulant’s acclaimed payment platform has been recognized as the ‘Merchants Payment Company of the Year 2022’, award at the BAFI Awards. The recognition was bestowed at the 10th BusinessDay Banks and other Financial Institutions (BAFI) awards event, which was held in November in Lagos, Nigeria. 

Stanbic IBTC Bank Nigeria PMI - New order growth hits six-month high in November

Business conditions continued to improve markedly in the Nigerian private sector during November amid improving demand and higher customer numbers. In turn, firms expanded their purchasing activity and employment. That said, business confidence dropped to the lowest since the survey began in January 2014. Meanwhile, inflationary pressures remained elevated, often reflecting currency weakness.