United Capital posts strong numbers as earnings rise 50% to N12.87bn in 2020
Charles AbuedeFebruary 23, 2021
By Charles Abuede Net Operating Income: N12.49bn in 2020; N7.90bn in 2019 Operating expenses: N4.93bn in 2020; N3.64bn in 2019 Profit After Tax: N7.81bn in 2020; N4.97bn in 2019 After recording significant gains across key indicators in its third quarter of 2020 result, United Capital Plc has reported an impressive 50 per cent year-on-year […]
Dangote denounces fraudulent recruitment, empowerment scheme
Onome AmugeFebruary 19, 2021
By Onome Amuge Nigerian multinational industrial conglomerate, Dangote Industries Limited, has disclaimed reports of a fraudulent recruitment exercise scheme circulating on Whatsapp and other social media channels titled, “2021 Dangote Empowerment”, purported to be approved by the Aliko Dangote Foundation (ADF). In a public statement signed by Francis Awowole-Browne, director, Corporate Communication Department, Dangote […]
Interswitch pushes novel Quickteller Business for SME growth across Africa
Zainab IwayemiFebruary 19, 2021
By Zainab Iwayemi In a bid to empower small and medium businesses, facilitate payments, and manage transactions from anywhere in the world, Interswitch Group, one of Africa’s leading technology-driven company focused on the digitization of payments in Africa, has announced the launch of a new comprehensive corporate solution named Quickteller Business. This development, complementing […]
MDXi, MainOne’s subsidiary, leads way in energy efficiency, environmental sustainability
Ben EguzozieFebruary 15, 2021
As Africa accounts least GHG emissions, but continent loses $15bn yearly to climate change UNFCC: Africa most vulnerable to climate change via droughts, floods, low food production AfDB commits $12.5bn to climate finance MDXi, West Africa’s largest carrier-neutral data centre and a fully owned subsidiary of MainOne, the broadband infrastructure company, is […]
Tetra Pak, Onward Paper Mill sign recycling solution deal
Onome AmugeFebruary 15, 2021
By Onome Amuge Tetra Pak West Africa, a leading food processing and packaging solutions company, has initiated a recycling partnership with Onward Paper Mill to develop sustainable recycling solutions for post-consumer beverage cartons in Nigeria. According to the agreement, which is the first of its kind in the West African region,Tetra Pak aims to […]
GE appoints Mijindadi new president of Nigerian subsidiary
Charles AbuedeFebruary 12, 2021
By Charles Abuede Plans to intensify development, support businesses and execute market strategy through appointment Mohammed Mijindadi has been appointed by the multinational corporation, General Electric (GE), as the new president of its Nigerian subsidiary. The company is seeking to build stronger stakeholder relationships across aviation, healthcare, power and renewable energy sectors in the […]
Global trade experts enlighten, empower 50m women through BTN initiative
Zainab IwayemiFebruary 12, 2021
By Zainab Iwayemi Partners with global firms as a White House Initiative With the commencement of the African Continental Free Trade Agreement (AfCFTA), trade experts around the globe have converged to chart ways on how to dominate the trading industry globally through a network of borderless traders. The Borderless Trade Network has trained women […]
Xend Finance, Nigerian fintech startup, grows funding size to $2m
Tobias PiusFebruary 11, 2021
By Tobias Pius Xend Finance, the Nigerian decentralised finance (DeFi) platform for credit unions and cooperatives, has increased its funding round to $2 million after announcing a key partnership. Xend Finance in 2019 partook in the Binance Incubation Programme and Google Launchpad Africa accelerator and thereafter developed a platform which offers people access to […]
ETI, Ecobank’s parent company, appoints former World Bank, AfDB official to board
Charles AbuedeFebruary 11, 2021
B y Charles Abuede Ecobank Transnational Incorporated (ETI), the parent company of pan African Ecobank Group, says it has appointed HervéAssah, a former African Development Bank’s (AfDB) country manager and resident representative for Nigeria and ECOWAS, to its board as an independent non-executive director from the central African Economic and Monetary Community (CEMAC) region. […]
11 Plc to voluntarily delist 360.6m shares from Nigeria bourse
Charles AbuedeFebruary 10, 2021
By Charles Abuede Cites stifling regulatory obligations Plans to focus on opportunities, alliances and collaborations that can bolster earnings 11 Plc, formerly known as Mobil Oil Nigeria plc, has concluded plans to voluntarily delist all of its 360,595,262 ordinary shares from the main board of the Nigerian Stock Exchange, the company wrote in […]