AIICO announces Babatunde Fajemirokun as new MD/CEO
Adesola Afolabi
August 14, 2019
Babatunde Fajemirokun is the new managing director and chief executive officer of AIICO Insurance Plc. His appointment was announced by the company through a regulatory filing at the Nigerian Stock Exchange, Wednesday. According to the statement, Fajemirokun’s appointment is effective from Today (Wednesday), August 14, 2019. Read Also: AIICO to underwrite agriculture risks following NAICOM […]
Ecobank engages new set of graduates in training
Businessam StaffAugust 14, 2019
In keeping with its talent development strategy, a new set of graduate trainees commenced their entry level development programme today (August 14) at the state-of- the-art Ecobank Nigeria Academy in Lagos. The training programme which was launched in July this year is an intensive 8-week medley of learning interventions for fresh graduates. The first set […]
Access Bank reiterates support for women businesses with Federal ministry of women ECOWAS project partnership
Adesola AfolabiAugust 10, 2019
Access Bank, has reiterated its stance on women empowerment by announcing a partnership with the federal ministry of women affairs’ ECOWAS project According to a statement from the bank, the partnership was made possible through its W Initiative. The bank said it will work with the ministry on its 50 Million Women Speak Project with […]
Seplat advocates technology adoption to improve forecasts, reduce risks in oil&gas industries
Adesola AfolabiAugust 10, 2019
Nigeria and London Stock Exchange listed oil&gas firm, Seplat Petroleum Development Company Plc., is advocating for the right adoption of contemporary technologies like Artificial Intelligence (AI), big data and mobile technology to drive planning and forecast in the Nigerian oil and gas industry. According to the oil and gas firm, the adoption of AI will […]
European refiners jostle for Nigeria’s Egina oil over high yields
Businessam StaffAugust 9, 2019
Nigeria’s newest export crude, the medium sweet Egina, is proving popular with European refiners due to its high distillate yields, as output from the Total-operated field nears its full capacity of 208,000 barrels of crude oil per day. The Egina deepwater field, which was developed at the cost of $16 billion by French oil giant, […]
MTN Group grows earnings by 12%, service revenue 9.7% in six months
Businessam StaffAugust 8, 2019
MTN Group, Thursday, released its first half financial report for the year 2019, announcing that it recorded additional 7.7 million subscribers to reach a total of 240 million subscribers on its network across all its operational bases, including Nigeria as at June this year. According to the report, despite the difficult trading conditions across its […]
Keystone realigns strategy towards sustained business growth, appoints 3 new EDs
Afolabi OluwaseunAugust 8, 2019
Keystone Bank Limited, one of Nigeria’s tier-2 lenders, has announced the appointment of Tijani Aliyu, Olaniran Olayinka and Lawal Jibrin Ahmed in the capacity of executive directors as part of the bank’s strategy to realign its operations for sustained business growth. Umaru Modibbo, chairman, Keystone bank, said the promotion of the three former general managers […]
Nigeria telecoms services worsen over interconnect debts
Businessam StaffAugust 7, 2019
Telecommunications services have gone poorer in the last few days owing to a partial disconnection of telephone lines largely due to increasing and unpaid interconnect debts. It was learnt that an interconnect debt of over N165 billion among some stakeholders, including the mobile network operators (MNOs), clearing houses and value added service (VAS) providers, is […]
Why we opened new outlet in Ikoyi -Berger Paints
Businessam StaffAugust 6, 2019
Berger Paints Nigeria Plc., Tuesday announced the opening of a new outlet- “Colour World” at Awolowo way, Ikoyi, Lagos. The company said the decision is part of its commitment to meet the growing demand by consumers for a wide range of colours at point of sales. Arjan Sircar, the firm’s managing director, explained that the […]
Emirates tackles AON on subsidy claims
Businessam StaffAugust 6, 2019
United Arab Emirates (UAE) carrier, Emirates, on Monday faulted the claim of Airline Operators of Nigeria (AON) that it enjoys subsidies from the Federal Government and therefore in unfair competition. In a statement, the carrier said the allegations are patently false, adding that it had repeatedly debunked these myths over the years. It also clarified […]