BrandArena: June 2024

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.

Bolt Hosts Second Edition of 'Driver's Football League' to Promote Unity and Inclusion

Bolt, a leading ride-hailing platform, further solidified its bond with driver-partners by hosting the second edition of its 'Bolt Driver's Football League' in Lagos on Wednesday, June 12th.

Women Leading the Charge in Fintech and SMEs - 9PSB CEO

9 Payment Service Bank (9PSB), Nigeria's digital payment service bank committed to financial inclusion, has highlighted the strides made by female professionals and entrepreneurs in the fintech sector and Small and Medium Enterprises (SMEs). This recognition was shared at the recent Digital Pay Expo and Exhibition at Eko Hotel and Suites, Victoria Island, Lagos.

Thursday 13 June 2024

Jeep Unveils First Global All-Electric SUV, 2024 Wagoneer S

The Jeep brand has made a bold entrance into the electrified SUV market with the launch of its first global battery-electric vehicle (BEV), the 2024 Jeep Wagoneer S. Initially set to debut in the United States and Canada in the second half of 2024, the Wagoneer S will later be available in markets around the world.

WARC Awards 2024: Grand Prix Winners Announced for Australia, Brazil, India, Spain, and Sweden

The highest honours of the WARC Awards for Effectiveness 2024, in association with LIONS, have been announced, celebrating the most outstanding marketing campaigns worldwide that demonstrate strategic brilliance and impactful results driving commercial success. Six Grands Prix were awarded after a rigorous judging process involving a super jury composed of all 12 regional jury chairs from Asia-Pacific, Europe, the Middle East & Africa, Latin America, and North America.

Wednesday 12 June 2024

MultiChoice Achieves Strong Performance and Expands Platform Despite Economic Challenges

MultiChoice Group has released its operational performance report for the fiscal year ending March 2024 (FY24) revealing that the media giant achieved a 26% trading profit margin in South Africa and a 48% increase in trading profit in the Rest of Africa, despite challenging macro-economic conditions. The Group reached significant strategic milestones, successfully launching Showmax 2.0, SuperSportBet, and Moment, all of which are now generating revenue and bolstering the group’s future growth prospects.

Premier League Nears UK£75 Million Sponsorship Renewal with Barclays

The Premier League is on the verge of finalizing a sponsorship extension with long-time partner Barclays, valued at UK£75 million (US$95.6 million), according to Sky News. The proposed four-year renewal was recently presented to the league’s 20 clubs and represents a substantial increase of over 60 percent compared to the previous contract.

Chioma Onukogu Appointed Director of Board Affairs and Proceedings at African Development Bank

The African Development Bank (AfDB) has announced the appointment of Chioma Angela Onukogu as the Director of Board Affairs and Proceedings in the Office of the Secretary-General and the General Secretariat, effective April 16, 2024.

Mebic Organic Wins Top Honors at Nigeria's National Entrepreneurship Competition

Mebic Organic, a startup dedicated to providing chemical-free foods and spices for households and industrial use through eco-friendly processes, claimed first prize at the national finals of the Entrepreneurship World Cup (EWC) competition. The event took place on Saturday, June 8th, 2024, at Artisan Lounge in Victoria Island, Lagos.

Friday 7 June 2024

LG Launches Global Campaign to Promote Positivity on Social Media

LG Electronics (LG) has launched a global campaign called ‘Optimism Your Feed’ aimed at encouraging users to bring more positivity to their social media experience by engaging with uplifting and inspiring content.

FBNQuest Trustees Advocates for Estate Planning in Ibadan

FBNQuest Trustees, a subsidiary of FBNHoldings and a leading provider of trust solutions for individuals, corporate entities, and government institutions, recently hosted its inaugural Estate Planning Clinic in Ibadan, Oyo State. The event aimed to educate participants on the necessary steps and actions to preserve and manage their properties and legacies for future generations.

Coronation Group Commemorates World Environment Day with 'Trees for Tomorrow' Initiative

Coronation Group on Wednesday, June 5th, 2024  announced the launch of its 'Trees for Tomorrow' initiative in celebration of World Environment Day. Demonstrating its commitment to sustainability, employees from Coronation Group united to plant over 400 trees in various locations across Nigeria and Ghana.

Agriconnect Summit 2024: Ayoola Oduntan Calls for Policy Coherence to Boost Market Access in Agriculture

The Group Managing Director of Amo Farm Sieberer Hatchery Limited, Dr. Ayoola Oduntan, emphasised the importance of policy coherence to enhance market access and build resilient food systems in Nigeria at the Agriconnect Summit 2024.

Emirates, IATA, and Airbus Launch Advanced A350 Pilot Training Programme

Emirates, the International Air Transport Association (IATA), and Airbus have partnered to introduce an enhanced Competency-Based Training and Assessment (CBTA) programme for the A350 type rating. This initiative is part of Emirates' preparation for the delivery of 65 A350 aircraft starting mid-2024. The program will commence in July 2024 at Emirates' Training College in Dubai, with an initial cohort of 256 pilots.

Wednesday 5 June 2024

Meta Misled Regulators on Instagram and WhatsApp, FTC Alleges

Meta, formerly known as Facebook, is embroiled in another legal battle as the Federal Trade Commission (FTC) has filed a lawsuit alleging that the company deceived regulators about its motives for acquiring WhatsApp and Instagram. The FTC asserts that Meta's primary intention was to neutralize competitive threats and maintain its dominance in the social networking and messaging markets, rather than promoting innovation and integration as initially claimed.

AfDB, AU, IFAD, Others Collaborate to Strengthen Africa's Food Production through VACS Initiative

Top development organisations have committed to strengthening partnerships to enhance the Vision for Adapted Crops and Soils (VACS), an initiative focused on creating resilient African food systems using diverse, nutritious, and climate-adapted crops cultivated in healthy soils.

Kelli Parsons Appointed Global CEO of Hill & Knowlton After Merger with BCW

Kelli Parsons has been named the next global CEO of Hill & Knowlton, which will continue to operate under its own brand following its merger with BCW to form a new entity, Burson, effective July 1.

Segun Ogunsanya, CEO of Airtel Africa, Receives Lifetime Achievement Award at African Business Leadership Awards

Segun Ogunsanya, the outgoing CEO of Airtel Africa Group, has been honoured with the prestigious Lifetime Achievement Award at the 14th African Business Leadership Awards (ABLA) 2024.

Monday 3 June 2024

9PSB Hosts Strategic Agency Banking Partners at Town Hall Meeting

9 Payment Service Bank (9PSB), Nigeria’s foremost digital payment service bank focused on financial inclusion, recently held town hall meetings with its various Service Location Partners across the country to strengthen existing relationships further and promote constructive collaboration necessary to drive quality of service delivery and excellent customer experience for its agency banking business.

Global Sustainable Fuel Market Expected to Reach $299.9 Billion by 2029, Driven by Environmental Regulations and Consumer Demand - Report

The sustainable fuel market is experiencing substantial growth, with revenue estimated at $193.8 billion in 2024 and projected to reach $299.9 billion by 2029 - representing a compound annual growth rate (CAGR) of 9.1%, according to a recent report by MarketsandMarkets.

Mastercard Deepens Connection with Nigerian Cardholders With Exclusive UEFA Champions League Final Experience


Mastercard recently wrapped up its UEFA Champions League campaign in Nigeria with a spectacular event, offering cardholders an unforgettable viewing experience of the final match. Held at the Landmark Event Centre in Lagos, the event was not just a celebration of football but also a demonstration of Mastercard's commitment to its Nigerian customers.

Trump Joins TikTok, Gains 2 Million Followers in 4 Hours Amid Legal Controversy

In an unexpected turn of events, Donald Trump has joined TikTok, swiftly amassing over 2 million followers within just four hours. The move is particularly notable given that the former United States President and current Republican presidential candidate had previously sought to ban the social media platform on national security grounds during his time in office.

Qatar Airways Expands African Network, Launches First Flight to Kinshasa

Qatar Airways has expanded its reach in Africa, now offering a new gateway to the Democratic Republic of the Congo, linking Kinshasa with Europe, the Middle East, and Asia.

BREAKING: CBN Revokes Heritage Bank’s License Over Financial Stability Concerns

The Central Bank of Nigeria (CBN) has revoked the operating license of Heritage Bank Plc with immediate effect.

Premier Retail Property Partners LLP commissions Koka Junction Mall in Asaba, Delta State

Premier Retail Property Partners LLP has commissioned the Koka Junction Mall, a state-of-the-art retail and entertainment complex, along the bustling Asaba-Onitsha expressway. The grand opening on June 1, 2024, marks a transformative moment for Asaba, the capital of Delta State, enhancing its commercial and social landscape.