When Citibank pioneer alumni hosted Cardoso, the CBN governor

 … and he got a bull’s head The 1984 alumni and pioneer set of Citibank Nigeria recently gathered for a private dinner at a venue in Ikoyi, Lagos. The event was held to celebrate the appointment of Olayemi Cardoso, one of their own, as the governor of the Central Bank of Nigeria. Cardoso, who is […]

9mobile, Delta Oil collaborate on hi-speed lubricant promotion

Joy Agwunobi 9mobile, a leading mobile network operator in Nigeria, has teamed up with Delta Fuel & Lubricants, a major provider of fuel and lubricants in the country, to help educate motorists on the importance of using high-quality automotive lubricants. This is part of an ongoing effort by both companies to raise awareness of the […]

Nestlé leads the way in F&B sector with employee-centric approach

Business a.m Nestlé Nigeria, one of the largest food and beverage (F&B) companies in the country, has been recognized for its performance across various business metrics, including people practices, sustainability, diversity, and inclusion.  At the Employers Excellence Awards, organised by the Nigeria Employers Consultative Association (NECA), Nestlé Nigeria was awarded for its outstanding performance in […]

Tappi secures  $1.5m to facilitate digital commerce business in Africa

  Cynthia Ezekwe Tappi, a Software as a Service (SaaS) solution for small and medium-sized businesses (SMEs), has raised $1.5 million in a pre-seed funding round to enable SMEs manage their sales, inventory, accounting, and e-commerce operations all in one place.  The pre-seed round was led by a number of investors, notably Mercy Corps Ventures […]

Nigeria’s PMI dips as inflation weighs on business conditions

Onome Amuge Nigerian businesses continued to be negatively impacted by strong inflationary pressures, with the latest Purchasing Managers’ Index (PMI) showing declines in new orders and output as customers were either unwilling or unable to pay higher prices in November. The latest PMI report, released by Stanbic IBTC Bank, showed that the headline index fell […]

Agusto, DataPro upgrades DLM Capital Group’s credit ratings

Business a.m Two rating agencies, DataPro and Agusto, have upgraded the credit ratings of Development Investment Bank, DLM Capital Group, based on improvements in the Group’s credit and liquidity risk management. The improvements were attributed to DLM’s sound asset and liability management, strong capital position, and effective governance, among other factors.  In October 2023, the […]

Airtel launches Nxtra to strengthen Africa’s digital economy

Cynthia Ezekwe Airtel Africa has announced the launch of Nxtra, a new data center venture aimed at supporting the growth of Africa’s digital economy and bridging the digital divide across the continent. The first facility of the new venture will be established in Lagos, Nigeria, with an initial investment of $20 million and will be […]

Providus Bank,Mastercard launch new payment solution to bridge digital divide in Africa

  Joy Agwunobi  Providus Bank and Mastercard have launched a new payment solution aimed at expanding access and financial inclusion in Nigeria and across Africa. This initiative will leverage the bank’s strong presence in Nigeria and Mastercard’s expertise in developing innovative payment solutions. The Providus Amphi Card, a cutting-edge innovation developed by Providus Bank in […]

SAF in Africa — Opportunities, risk of an emerging market

Africa has great potential to produce Sustainable Aviation Fuels (SAF) but also has a number of challenges Africa is the second-largest continent by land mass, measuring approximately 11.7 million square miles (30.4 million square km). With some of the longest distances between cities, aviation is the key to efficiently moving people and goods within the […]

NAICOM takes action to protect government assets from unlicensed brokers and agents

Cynthia Ezekwe In a bold move to facilitate ethical pratices in the insurance industry and to protect government assets and liabilities from being exposed to risk, the National Insurance Commission (NAICOM) has issued a stern warning to all Ministries, Departments, and Agencies (MDAs) to refrain from engaging the services of unlicensed brokers, agents, and insurance […]