Jumia CEOs step down as new management emerge
The co-founders of Jumia, Jeremy Hodara and Sacha Poignonnec, have stepped down as co-CEOs of the African eCommerce giant This is as the company announced several management changes, including the…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
