Blog

Agribusiness

Climate change: Bill, Melinda Gates donate $1.4b to African farmers

The Bill & Melinda Gates Foundation announced today that it would contribute $1.4 billion to support smallholder farmers in addressing the short- and long-term effects of climate change, joining calls from African leaders for countries to quickly scale up financing for climate adaptation. This was disclosed the Gates Foundation CEO Mark Suzman, at the 27th […]

Telecommunications

ATC Africa announces partnership with Power X

The African division of American Tower Corporation and PowerX recently announced a strategic partnership that will optimize energy use at tower sites and bring to Africa’s telecommunications industry the significant efficiency and environmental benefits of PowerX’s artificial intelligence solutions. Following a fruitful cooperative initiative, ATC Africa started using PowerX’s AI analytics at a few sites […]

Banking

Union Bank, Morocco’s Attijariwafa partner to boost cross-border trade

Union Bank of Nigeria has entered into a partnership agreement with Morocco’s Attijariwafa Bank in order to support their shared vision for Pan-African development. With this business partnership, Union Bank which happens to be one of Nigeria’s oldest financial institutions, seeks to reach a wider audience outside of the country. Customers of Union Bank in […]

Electricity

How DisCos paid NBET N212bn in six months – Report

Electricity distribution companies otherwise known as DisCos, paid N212 billion of their total invoice to the Nigerian Bulk Electricity Trading Plc, between January and June 2022. According to the Nigerian Tribune, this is based on a total invoice value of N388 billion and a minimum remittance order of N315 billion. The report also stated that […]

Makinde
Agribusiness

Makinde targets agribusiness for economic development

The Oyo State Governor, Seyi Makinde, has reiterated the commitment of his administration toward developing the state economy through agribusiness. Makinde gave the assurance during an inspection tour to the Agro-Industrial Estate project at Fashola Village in the Oyo West Local Government area of the state. The governor, who was at the Farm Settlement to […]

Appeal Court overturns Emefiele’s asset forfeiture order
Banking

CBN to introduce new laws against financial system threats

The governor of the Central Bank of Nigeria, Godwin Emefiele, has stated that the apex bank will create a set of new and revised laws, rules, and regulations to tackle threats against the financial service system. These development, he said, would address potential violations, change the incentives for the private sector, and restructure the market […]

Technology

COP27 summit: CSOs seek climate financing adaptation for Africa

Ahead of the 27th Conference of Parties to the UN Framework Convention on Climate Change in Egypt, the Civil Society Organisations from Africa have asked stakeholders to focus attention on finance adaptation issues in Africa.   The Executive Director, Pan African Climate Justice Alliance, Dr Mithika Mwenda, said this on Sunday ahead of the official […]

Life Style

Zenith Bank’s chair Jim Ovia clocks 71

Forbes listed, Nigerian businessman and founder of Zenith Bank, Jim James Ovia CFR CON celebrates as he clocks 71, November 4.   Jim Ovia was born November 4 1951 in Delta State. He was once named as one of the 50 richest people in Africa according to Forbes.   As expected, accolades have poured in […]

Business

Dangote, BUA shares gain N400bn in three days

Dangote Cement Plc and BUA Cement Plc’s shares gained N400 billion in the first three days of November 2022 amidst the current stock market sell-off due to the build-up to the 2023 general elections and interest rate hikes. The leading cement manufacturer listed on the NGX’s industrial goods sub-sector, Dangote Cement Plc, led the way […]

Business

OctaFX partners SMEs to celebrate financial independence

OctaFX has joined forces with 62 small and medium-sized Nigerian businesses to celebrate financial independence. The international broker joined forces with the businesses to launch Freedom Freebies: For People, Not Profit, a campaign designed to commemorate Nigeria’s sixty-second anniversary of independence. OctaFX collaborated with fashion brands, household item retailers, lifestyle businesses, and food apps, among […]

Business Energy

Nigerian Breweries, CrossBoundary Energy signs $10m solar power deal

The largest renewable energy project in Nigeria’s commercial and industrial sector is being developed by Nigerian Breweries Plc and CrossBoundary Energy under a $10 million solar power agreement. The two solar and battery storage hybrid projects will be built by CrossBoundary Energy for Nigerian Breweries’ facilities in Ibadan, Oyo State, and Ama, Enugu State, according […]

Stanbic Bank Kenya bets on startups with $100m investment
Banking

Stanbic Holdings announces 38% Q3 2022 profit

Stanbic IBTC Holdings Plc, has announced a 38 per cent growth in profit after tax in its third quarter period which ended September 30, 2022, which is significantly better than its 2021 Q3 statistics.   This shows a significant rise in jts earnings than that of Q3 2021.   According to Leadership, the group nine […]