Opera launches first African-inspired chat service in Nigeria
Onome Amuge
July 6, 2021
Opera, a leading global web innovator and multi-platform web browser, has announced the establishment of the world’s first African-inspired chat service, Hype, into the Nigerian market. The introduction of Hype is one facet of Opera’s emphasis on investing and growing its digital ecosystem in Africa, with the goal of bringing more people online, redefining the […]
BUA Cement chairman, Rabiu, gifts employees N2bn worth of his shares
Charles AbuedeJuly 1, 2021
Firm still trending on profitability path for 2021 As part of efforts to reward the hard work of employees, Abdul Samad Rabiu, the largest shareholder and chairman of Nigeria’s second-largest publicly listed manufacturing company, BUA Cement Plc, has announced a share bonus gift worth almost N2 billion, from his pool of shares, for […]
Airtel, AXA Mansard form partnership to deepen health insurance uptake using USSD
Zainab IwayemiJune 23, 2021
Airtel Nigeria, in collaboration with AXA Mansard, has launched a health insurance scheme accessible via USSD code to allow telecommunication subscribers access to easy health insurance. The deal, according to Airtel, in a statement, aims to solve challenges such as low level of awareness, ineffective distribution systems, and inefficient payment models that hinder the private […]
Nivea, skincare producer, donates 13,000 hand sanitizers to HiFL
Ben EguzozieMay 12, 2021
Beiersdorf NIVEA Consumer Products Nigeria, part of the world’s largest skincare manufacturer, through its foremost brand Nivea Men, in line with its global resolve to combat the rampaging Covid-19 pandemic, has donated over 13,000 units of hand sanitizers to Higher Institution Football League (HiFL). The donation will help the organizers of HiFL, Pace Sports and […]
BUA chairman launches $100 million African development fund
Onome AmugeMarch 24, 2021
Pledges N1bn grant to six Nigerian universities Onome Amuge Abdul Rabiu, Chairman, BUA on Wednesday, announced the establishment of an annual $100 million Africa Endowment Fund starting from 2021 aimed at facilitating social development across Nigeria and the African continent in general. Dwelling on the fund in an official statement made available to Business A.m, […]
Dangote Cement Plc appoints Moyen as new CFO
Charles AbuedeMarch 19, 2021
Charles Abuede Dangote Cement Plc, Africa’s largest cement manufacturer has appointed with board confirmation, Guillaume Moyen as the Group Chief Financial Officer, with effect from Thursday, March 18, 2021. The appointment comes after the confirmation by the company’s Board of Directors. The cement manufacturer in a statement signed by Edward Imoedemhe, Deputy Company Secretary, […]
Lumos, market-leading solar energy company commits to recycling batteries
Ben Eguzozie in Port HarcourtMarch 19, 2021
…Addressing sustainable battery supply chains, fulfilling UN SDGs …Africa’s battery demand to increase 7-fold to 15GW by 2030, from 2GW in 2015 …But full energy access would require double the 2030 figure Ben Eguzozie Lumos, Nigeria’s market leader in home solar systems making reliable, clean power accessible to all, has announced a major environmental […]
Seplat Petroleum completes refinancing of its $200m reserve-based lending facility
Charles AbuedeMarch 18, 2021
Charles Abuede Seplat Petroleum Development Company Plc, Nigeria’s leading indigenous energy company, has announced the successful refinancing of its wholly-owned subsidiary, Westport Oil Limited, in the tune of $100 million for its reserve-based lending (RBL) facility that was due November 2023 with a new five-year $100 million reserve-based lending facility due March 2026. Seplat in […]
Airtel secures $200m investment from The Rise Fund, to invest in mobile money service expansion
Charles AbuedeMarch 18, 2021
Mobile money business now with a $2.65bn valuation Plans for a potential listing of the mobile money business within 4 years Charles Abuede Leading provider of telecommunications and mobile money services in Nigeria and Africa, Airtel Africa has announced signing an agreement with The Rise Fund, the global impact investing platform of leading alternative investment […]
Fatgbems Petroleum rectifies technical issue in Abeokuta outlet
Onome AmugeMarch 17, 2021
Onome Amuge Fatgbems Petroleum, one of Nigeria’s largest indigenous petroleum products marketing companies, has confirmed the completion of technical checks on its IBB Abeokuta retail outlet which was affected by flood and water contamination due to the heavy downpour which occurred over the weekend in Abeokuta, Ogun State. This was contained in a second statement in which […]