Ecobank partners IITA to empower 16,000 youths in agriculture
Cynthia Ezekwe
March 17, 2023
By Cynthia Ezekwe Ecobank Nigeria Limited, has initiated a partnership with the International Institute of Tropical Agriculture (IITA) to train and support 16,000 youths in wealth creation through agriculture. Ayo Osolake, the head of public sector and agribusiness at the Pan African bank, explained that the programme is targeted at young Nigerians between the ages […]
FCMB raises N20.686bn from debt market to shore up capital
Cynthia EzekweMarch 17, 2023
By Cynthia Ezekwe FCMB Group Plc has successfully completed the issuance of a N20,686,000,000 series I perpetual 16 per cent fixed rate resettable NC5.25 Additional Tier 1 Capital (AT1) subordinated bonds under its N300 billion debt issuance programme. The firm, in a regulatory filing, signed by its secretary,Olufunmilayo Adedibu, disclosed that the group’s AT1 Issuance […]
MAN charges new administration to permanently address currency transition
business AMMarch 16, 2023
By Business AM The Manufacturers Association of Nigeria (MAN) has tasked the incoming administration to permanently resolve the lingering difficulties with the currency transition within the first 100 days in office, starting from May 29, 2023, if it has not been completely addressed by the outgoing government. A statement by the association, bemoaned the fact […]
Chams Holding appoints Bashir Yunusa as non-executive director
Cynthia EzekweMarch 15, 2023
By Cynthia Ezekwe Chams Holding Company Plc has informed the Nigerian Exchange Limited (NGX) and the investing public of the appointment of Mohammed Bashir Yunusa as a non-executive director of the company, effective from January 1, 2023. The company, which engages in the provision of technology and business intelligence solutions, disclosed the appointment in a […]
Andela acquires technical skills assessment platform, Qualified to boost global talent community
business AMMarch 9, 2023
By Business AM Andela has announced the acquisition of Qualified, the leading technical skills assessment platform to identify, qualify, and certify top engineers. A statement by the global network for remote technical talent, said the development will lead to the expansion of its global talent community, supported by the addition of more than 3.6 million […]
SEC okays Dangote Cement’s new share buy-back programme
Cynthia EzekweMarch 9, 2023
By Cynthia Ezekwe The Securities and Exchange Commission (SEC) has approved the establishment of a new share buy-back programme for Dangote Cement PLC, sub-Saharan Africa’s largest cement producer. A statement published by Dangote Cement Plc on the Nigerian Exchange (NGX) website said the programme will expire on 12 December 2023, 12 months from the date […]
LCCI member organisation, Kawai urges tax reform to boost economic growth
Onome AmugeMarch 9, 2023
By Onome Amuge Kawai Technologies, a member organisation of the Lagos Chamber of Commerce and Industry (LCCI) has called for a reformation of Nigeria’s complex tax system and high burden of taxation on businesses and industries, particularly the withholding tax system. The full service supply-chain, procurement and logistics company, stated this during a recent meeting […]
Sofri launches N1m promo to reward 100 customers
Cynthia EzekweMarch 7, 2023
By Cynthia Ezekwe Sofri digital bank, powered by Links Microfinance Bank, is set to dole out N1 million in a new promo tagged “Sofri 10k awoof promo,’’ to ease financial hardships and mitigate the effects of the current cash swap and cashless policy. Season one of the promo will commence on 9 March 2023, and […]
MFS Africa,Western Union team up to boost cross-border money transfers into mobile wallets
business AMMarch 4, 2023
By Business AM Africa’s largest payment gateway, MFS Africa, has partnered with Western Union to enable individuals and businesses across the continent to receive money from over 200 countries and territories. The partnership will enable funds to be sent from countries around the world to mobile wallets across Africa through the organisation’s licensed payment rails […]
Ecobank’s new CEO, Jeremy Awori assumes office as Ade Ayeyemi retires
Onome AmugeMarch 3, 2023
By Onome Amuge Jeremy Awori has officially resumed his position as the Chief Executive Officer of Ecobank Transnational Incorporated (ETI) following the retirement of Ade Ayeyemi who occupied the position for seven years. A corporate document sent to shareholders and the investing public,dated Thursday, 2 March 2023, said Ayeyemi’s retirement gave way for Awori to […]