Rewane and Dozie Advocate for Digital Strategies in Cash Flow Management for Business Owners

Leading digital bank, Sparkle, on Thursday hosted a virtual session featuring esteemed economist and CEO of Financial Derivatives, Bismarck Rewane; Founder of The Dew Center, Omon Anenih; and Sparkle's CEO, Uzoma Dozie. The session focused on effective cash flow management strategies for small businesses, with a strong emphasis on the adoption of digital solutions.

Organizing 2024 NIMN Annual Marketing Conference Was Challenging Yet Rewarding, Says Nana Milagrosa

Founder and chief experience curator of MPXM Agency, Nana Milagrosa Utomi Biyang, who served as  Chairman of the NIMN Events & Conference Committee has revealed that organising the National Institute of Marketing of Nigeria (NIMN) 2024 Annual Marketing Conference held recently at Ibadan was pretty challenging but quite rewarding as responses from members truly reflected the collective enthusiasm and commitment within the NIMN family.

AFD Unveils Renewed Strategic Partnership Pillars for Nigeria's Operations

The Agence Française de Développement (AFD) Group has announced a renewed strategy for the next decade having significantly contributed to sustainable development in Nigeria over the past 15 years with investments totaling approximately N5.5 trillion (3.3 billion euros) across 57 projects.

Nigeria Rugby Federation Secures Multi-Year Partnership with Flovale Consulting

As the Africa Rugby Sevens tournament in Mauritius approaches, the Nigeria Rugby Football Federation (NRFF) has made a strategic move to elevate the sport within the country by signing a three-year partnership with Flovale Consulting.

AFC Joins Forces with UNIDO and Endorses Cotton Partnership at WTO Aid-for-Trade Global Review

Africa Finance Corporation (AFC), the continent’s premier infrastructure solutions provider, has signed a joint declaration with the United Nations Industrial Development Organization (UNIDO) to promote sustainable industrialization. Additionally, AFC has committed to supporting the 'Partenariat pour le coton' initiative, aimed at enhancing Africa’s participation in the global textile and apparel value chains. 

Lagos Leather Fair Introduces Awards to Honour Excellence and Innovation in the Leather Industry

The Lagos Leather Fair (LLF), a leading platform showcasing leather designers and the vast potential of the leather industry in Nigeria and Africa, is excited to announce the launch of its award ceremony as part of the 2024 edition of the annual Fair. The new initiative aims to recognize and celebrate outstanding achievements and innovative contributions within the leather industry, further highlighting the sector's growth and importance.

Digitalization Enhances Convenience for African Tourists - Reports Mastercard Economics Institute

The travel sector in 2024 is breaking new ground, with consumer spending on travel remaining strong and passenger traffic seeing significant increases, according to the latest global report from the Mastercard Economics Institute. The ‘Travel Trends 2024’ report offers in-depth insights into the evolving landscape of the travel industry across various markets.

Financial Times: Sundry Markets Recognized as Africa's 50 Fastest Growing Companies 2024

Sundry Markets Limited, owners of Marketsquare, a leading indigenous retail chain in Nigeria, has been recognized as one of Africa's top 50 fastest-growing companies for 2024 by the Financial Times.

Chidinma Nwankwo Named as Head of Business and Chief Operating Officer at Quadrant MSL

Quadrant MSL, a leading strategic communication and public relations agency under the Insight Redefini Group, has announced the appointment of Chidinma Nwankwo as its new Head of Business and Chief Operating Officer. Chidinma brings a wealth of experience and a proven track record in brand management, public relations, strategic communication, business development, and value creation within the marketing and strategic communications industry.

Mastercard Foundation Appoints Carole Wamuyu Wainaina to its Board of Directors

The Mastercard Foundation has announced the appointment of Carole Wamuyu Wainaina to its Board of Directors. Wainaina brings 35 years of global experience in business and development, having held senior roles in multinationals and multilateral organizations, with expertise in strategy, organizational transformation, and human resources.

Energy Capital & Power Appoints James Chester as CEO

Energy Capital & Power (ECP), Africa’s leading energy investment platform, has announced the appointment of James Chester as Chief Executive Officer, effective June 26, 2024.

Oando Foundation Collaborates with Plateau SUBEB to Enhance Early Childhood Education in 10 Schools

...boosts access to quality early development and learning opportunities

Oando Foundation, a leading advocate for quality education in Nigeria, has joined forces with the Plateau State Universal Basic Education Board (SUBEB) to enhance the Early Childhood Care and Development (ECCD) program in 10 schools across the state. This strategic initiative aims to bridge critical gaps in early childhood education through infrastructure upgrades, provision of age-appropriate instructional materials, and strengthening teacher capacity.

Lagos Business School and CityBlue Hotels Partner to Drive Growth in the Hospitality Industry in Africa

Africa’s leading Business School, Lagos Business School (LBS), has appointed Jameel Verjee, founder and CEO of CityBlue Hotels, Africa’s fastest-growing local hotel chain, to the advisory board of LBS Hospitality Initiative alongside industry heavyweights Trevor Ward and Mossadeck Bally. 

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. 

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.

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.

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.

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.

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.

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.

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.

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.

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.