BrandArena: March 2024

Wednesday 27 March 2024

JW Marriott Expands Hospitality in Eastern Africa, Opens JW Marriott Hotel in Nairobi

JW Marriott, part of Marriott Bonvoy's portfolio of over 30 outstanding hotel brands, has opened its second property in Kenya, JW Marriott Hotel Nairobi. JW Marriott Hotel Nairobi, the country's tallest hotel at 35 floors in the Westlands commercial sector, encapsulates the essence of Kenya's natural beauty and tradition, providing tourists with a quiet vacation for the mind, body, and soul.

Eko Disco Appoints Acting CEO

The Board of the Eko Electricity Distribution Plc has announced the appointment of Mrs Rekhiat Momoh as the new Acting CEO effective 26th March 2024.

Lafarge Africa Hires Viola Graham-Douglas As Communications, Public Affairs & Sustainability Development Director

Lafarge Africa, a leading Sub-Saharan Africa building materials company, has announced the appointment of communications professional, Viola Graham-Douglas as its Communications, Public Affairs and Sustainability Development Director.

Tuesday 26 March 2024

CBN Raises Interest Rate to 24.75% in an attempt to Tackle Inflation

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in the benchmark interest rate by 200 basis points, or 2%, according to an official statement issued today.

AfDB Approves $50 Million Loan to Enhance Climate Resilience and Livelihoods in Nigeria’s Yobe State

The Board of Directors of the African Development Bank Group (AfDB) has granted a $50 million loan for the Yobe State Environmental and Climate Change Action Project (ECCAP), an initiative created to improve climate change resilience, bolster food security, and uplift livelihoods for over 3.5 million individuals in northeast Nigeria state.

Meta's Global Affairs President Engages Young Innovators in Nigeria

The President of Global Affairs at Meta, Nick Clegg, recently convened with a group of young Nigerian innovators who harness Meta's platforms and products to catalyze change within their communities. At a roundtable discussion organized by the company in Lagos, Clegg highlighted Meta's commitment to supporting the innovative endeavours of young Nigerians and discussed the expansion of monetization features for eligible content creators across Sub-Saharan Africa.

Monday 25 March 2024

Central Bank of Nigeria Sells US Dollars to BDCs at N1251 to Stabilize Currency

In a bid to bolster the stability of the local currency, the Central Bank of Nigeria (CBN) has initiated the sale of US dollars to Bureau De Change (BDC) operators at a rate of N1251. This strategic move underscores the apex bank's unwavering commitment to addressing the undervaluation of the naira and ensuring favourable exchange rates across the market.

AfDB, IOM launch report on harnessing migration for development in Africa

The African Development Bank (AfDB) and the International Organization for Migration (IOM) released a joint report designed to support practitioners and decision-makers to turn migration into a force for development in Africa.

Ecobank Group Reaffirms Commitment to Gender Equality, Signs UN Women’s Empowerment Principles

Ecobank, the pan-African banking group, has signed the Women's Empowerment Principles by UN Women and the UN Global Compact (WEPs), which guide the private sector in advancing gender equality and women's empowerment in the workplace, marketplace, and community. Ecobank Group CEO Jeremy Awori announced the signing of these Principles during a webinar hosted by the Ecobank Foundation and UN Women to commemorate International Women's Day.

Sunday 24 March 2024

9PSB Mentors Students in Financial Discipline in Commemoration of Global Money Week

9 Payment Service Bank (9PSB), Nigeria's leading digital payment service bank focused on financial inclusion, has reaffirmed its commitment to providing comprehensive financial services. It expanded its financial literacy and mentorship initiative to Rosebay Schools, Lekki Phase 1 in Lagos State to commemorate this year's Global Money Week theme, "Protect Your Money, Secure Your Future."

More Winners Emerge in 9mobile ChopLife Promo

9mobile, Nigeria's leading customer-focused telecommunication company, announced recently that the ongoing 9mobile ‘ChopLife’ Promo has garnered immense participation, with a surge in the number of winners across the nation. This exciting development demonstrates 9mobile's commitment to rewarding its loyal subscribers while enhancing their experience on the network.

Oriakhi, Victor-Laniyan, Akao, Others, on the List of Speakers and Panelists for 2024 Industry Summit

The Industry Summit, an annual gathering of professionals and experts in brand marketing, finance, sustainability, and entertainment, has announced its speakers for the fifth edition, which will take place in Lagos.

Saturday 23 March 2024

Unlocking the Secrets of Trustee Escrow: A Guide to Secure Transactions in Nigeria

In many financial transactions, particularly those involving real estate, mergers and acquisitions, and other large-scale transactions, an escrow trustee, sometimes known as an escrow agency or escrow business, is essential. An escrow trustee is an impartial third party who is responsible for protecting money, papers, or other assets on behalf of transaction parties until specific conditions or contractual obligations are fulfilled. 

ITC, EU discuss reforms to ECOWAS business competition policies

The International Trade Centre (ITC), a United Nations agency dedicated to small business trade, on Tuesday, March 21, provided insights into the proposed policy options and reforms outlined in a position paper titled "Policy and Legal Options to Promote MSMEs under the ECOWAS and AfCFTA Competition Frameworks" to representatives from regional business associations in the Economic Community of West African States (ECOWAS).

Nigerian Bond Yields Rise to 19.21% After Debt Management Office's Primary Market Auction

Following the recent primary market auction (PMA) on Monday by the Debt Management Office (DMO), the average yield on Nigerian government bonds has surged due to widespread selloffs in the secondary market.

LG Donates Solar-powered Borehole to Gudu Community in Abuja for World Water Day

LG Electronics, a global leader in technology and innovation, recently the Federal Ministry of Water Resources and Sanitation in the global celebration of the United Nations World Water Day by donating a solar-powered borehole to the Gudu Community in Abuja.

Controversy Erupts as German Football Team Chooses Nike over Adidas for National Kit

The German Football Association (DFB) has sparked controversy by changing the provider of the national team's kit from longtime partner Adidas to competitor manufacturer Nike. Politicians have criticised the move, sparking a debate over national identity and business allegiance.

Mastercard Hosts 2024 Fintech Forum to Drive Collaboration and Innovation in Nigeria's Financial Technology Ecosystem

Mastercard on Wednesday, March 20th, reaffirmed its commitment to Nigeria's robust financial technology ecosystem by hosting the highly anticipated 2024 Fintech Forum. The event demonstrated the top payments technology company's continuous commitment to supporting growth and innovation in the fintech sector.

Wednesday 20 March 2024

TAFTA Celebrates Graduation of Over 16,000 Young Nigerians, Equipping Them for Creative Industry Success

Terra Academy for the Arts (TAFTA), a non-profit organization focused on empowering young Nigerians through creative education and entrepreneurship opportunities, held a graduation ceremony for its cohorts 2 - 5 at Terra Kulture Arena. The ceremony celebrated over 16,000 graduates who successfully completed the program, acquiring valuable skills in theatre arts and entrepreneurship.

GTCO Roll Out Plans for 2024 Food and Drink Festival

All is now set for the 7th edition of the most anticipated culinary festival in Africa as Guaranty Trust Holding Company Plc (GTCO) rollout plans for the 2024 GTCO Food and Drink Festival. This year's event will be held from Friday, April 26th to Sunday, April 28th, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, Lagos. 

Monday 18 March 2024

Glovo team up with Visa to empower growth-minded SMEs

Glovo, a leading multi-category app, has partnered with Visa, a global leader in digital payments, to empower small and medium-sized organisations (SMEs) through a series of online training courses.

DLM Asset Management to Steer Discourse on Maintaining Financial Stability in Times of Economic Distress

DLM Asset Management Limited, a division of DLM Capital Group, has organised a webinar to discuss the fundamental techniques for navigating economic issues and protecting one's financial future. The virtual event titled "Maintaining financial stability in times of economic distress" will be held on Thursday, March 28, 2023, at 11:00 a.m. 

Friday 15 March 2024

FCDO, MET Office, and Nigerian Disaster Management Agencies Collaborate to Strengthen Flood Risk Communication

The recent partnership between the UK Foreign, Commonwealth, and Development Office (FCDO), the UK Met Office, and several Nigerian disaster agencies is an important step towards tackling the serious issue of enhancing the effectiveness of flood risk communication in Nigeria.

Wednesday 13 March 2024

Nigerian Women in Public Relations Announces Speakers for the 2024 Experiencing PR Conference

Nigerian Women in Public Relations has announced the confirmed speakers for the 2024 edition of its flagship event, the Experiencing PR Conference, which will take place on Wednesday, March 20, 2024, at The Civic Centre in Lagos. 

Afreximbank Extends Grant to Grand Africa Initiative to Empower African Youth Entrepreneurs

African Export-Import Bank (Afreximbank) has announced a collaboration with the Grand Africa Initiative (GAIN) through a grant to support the training of 300 young African entrepreneurs. The training programme, which begins in March 2024, will focus on entrepreneurship and intra-African trade.

Bolt launches a new feature in Port Harcourt that allows riders to book trips in advanc

Bolt, Africa's leading ride-hailing platform, has launched the 'Scheduled Rides' function in Port Harcourt, allowing customers to book rides up to 72 hours in advance. Aside from giving increased convenience to riders, this feature will allow drivers some time to prepare for such trips.

G-Elias promotes equality through school outreach, hosts webinar to foster collaboration and inclusion in the workplace

In celebration of 2024 International Women's Day (IWD), G. Elias, a leading Nigerian business law firm, through its annual #SheBlooms Programme for the promotion of equity and inclusion to young girls hosted the second edition of its annual webinar to address inclusion in the workplace.

Tuesday 12 March 2024

See the world's most awarded campaigns and companies for creativity in 2023 technology and the dominant purpose of women’s rights are key to many campaigns’ creative success

The WARC Creative 100, the ultimate independent global benchmark of the world’s most awarded campaigns and companies for creative excellence, has revealed the top global and regional creative shows for 2023. 

Genesis Energy Group signs MoU with the BOAD to implement serial energy infrastructure projects

Genesis Energy Group, one of Africa's leading energy infrastructure and serial climate impact investors across Africa, has announced its signing of a Memorandum of Understanding (MoU) with the West African Development Bank (BOAD) to implement the company's serial energy infrastructure projects within Francophone West African countries, which currently has an aggregate pipeline of over 1 GW, comprising gas-to-power, solar, battery energy storage systems, wind, and hydropower.

Monday 11 March 2024

Visa announces Mo Salah as brand ambassador

Visa, the world leader in digital payments, has announced a new relationship with Egyptian football legend Mohamed Salah, who will serve as a Visa ambassador for the UAE, Egypt, Kuwait, Kenya, Nigeria, and South Africa. 

Origin Tech Group, Niger State Government Signs Agreement on Mechanised Agriculture Equipment Supply and Financing  

Origin Tech Group, a knowledge-based and practical solution-driven leader in the agriculture food systems and operations in Nigeria has entered into an agreement with the government of Niger State in furtherance of both partners’ commitment to revolutionalise the agricultural and livestock value-chain space in the West African sub-region and beyond. 

Finalists Emerge for National Spokespersons’ Awards 2024

Finalists have emerged for the forthcoming National Spokespersons’ Awards (NSAwards) 2024 after the first round of the screening process by the jury, which is made up of communication scholars, PR practitioners, and media personalities.

Friday 8 March 2024

Rugby Makes Historic Debut in the African Games as Competition Kicks Off Today

Rugby Sevens makes its much-anticipated debut at the African Games, which run from March 8 to March 23 in Accra, Ghana. The 13th African Games will be the official qualifier for the 2024 Olympics in Paris.

The African Ga

African Energy: Women Leaders Transforming the East African Energy Landscape

As part of its Women in Energy series, Energy Capital & Power (ECP) honoured women in leading roles in Africa's energy and mining sectors. ECP intends to strengthen the role of women as change agents in promoting clean, affordable, and efficient energy consumption in East Africa by capitalising on its position as the continent's primary investment platform for the energy sector.

ALX Empowers Female Entrepreneurs for International Women's Day

As the world prepares to celebrate International Women's Day, ALX Nigeria, a leading tech career accelerator, hosted a special engagement to honour and celebrate its female learners and entrepreneurs. 

Thursday 7 March 2024

Canon Partners With RNIB to Launch 'World Unseen' Photography Exhibition

...Show to be held in London from April 5-7

Canon Europe has announced 'World Unseen', a photography exhibition that encourages visitors - blind, partially sighted, and sighted - to experience photography in a new, accessible, and engaging way. The show will be exhibited at Somerset House in London from April 5-7, in collaboration with the Royal National Institute of Blind People (RNIB).

AfDB grants additional $16 million to promote agriculture and food security in the Gambia

The African Development Bank Group's (AfDB) Board of Directors approved an additional $16.08 million for The Gambia on March 4 to support its ongoing Agriculture and Food Security Project, which began in 2021.

Technogym Launches Global Social Campaign to Promote Wellness and Physical Exercise

Technogym, a leading company in gym equipment for fitness clubs, sports centres, medical centres and home training, has unveiled its latest social challenge, "Let's Move for a Better World," aimed at encouraging individuals to prioritize their health while making a positive impact on others.

Wednesday 6 March 2024

Africa Faces a Decisive Moment to Shape a New Future – The Africa CEO Forum 2024

As global crises cast long shadows, Africa stands at a critical crossroads: Will the continent remain on the sidelines of history or will its leaders band together to forge a new path?

Tuesday 5 March 2024

BREAKING: Binance Suspends Naira Services Amid Regulatory Turmoil in Nigeria

Binance, one of the world's biggest cryptocurrency exchange firms, has announced that it will halt all services linked to Nigeria's currency, the Naira, beginning March 8. This decision is a response to Binance's present regulatory issues in Nigeria. The announcement was made using the company's mobile app.

National Spokespersons’ Awards Receives 224 Entries, Set for the Grand Finale on March 27

The Planning Committee of the National Spokespersons’ Awards (NSAwards) has announced the closure of nominations with an unprecedented 224 entries.

LIRS Reminds Taxpayers of March 31 Deadline for Annual Tax Return Submission

In accordance with the provisions outlined in the Personal Income Tax Amendment Act (PITA) Cap P8 2011, the Lagos State Internal Revenue Service (LIRS) has issued a formal notice to all individual taxpayers, including self-employed individuals and PAYE Scheme employees, to file their Annual Tax Returns on or before March 31, 2024.

More Winners Emerge in LAPO Xpress Save & Win Promo Season 2

LAPO Microfinance Bank Limited, a leading microfinance institution in Nigeria, has announced the culmination of the LAPO Xpress Save & Win Promo Season 2 with a raffle draw, which saw the emergence of the lucky winner of the grand prize of One Million Naira (₦1,000,000) and other consolation prize winners of Forty Thousand Naira (₦40,000.00).

FBNQuest Trustees Holds 6th Annual Islamic Estate Planning Clinic

FBNQuest Trustees, a subsidiary of FBN Holdings, which provides Trust solutions to individuals, corporate and government institutions, partnered with the Metropolitan Law firm to host the 6th Islamic Estate Planning Clinic which took place in Abuja recently. The event was designed to enlighten individuals on the importance of Estate Planning in accordance with Islamic law.