Category: Business

…….To take research as priority Members of Outdoor Advertising Association of Nigeria at its Annual General Meeting held in Abeokuta elected new officers with Mr. Emmanuel Ajufo of Opportunity To See (OTS) emerging the new President. Ajufo who was the Vice-President of the outgoing executive led by Mr. Tunde Adedoyin said he is ready to complete the ongoing projects of the immediate past president. ‘’ I was the vice-president to the immediate past president and I know where we stopped. So with my new team we will address the research…

……on June 25, 2019. Pioneering insurance company, Law Union and Rock Insurance Plc has announced plan to hold its 50th Annual General Meeting (AGM) on the 25th of June 2019. Head of Corporate Communications, Law Union and Rock Insurance Plc, Mr Mobolaji Akerele who confirmed the date in a statement on Friday, saying the event will be held at the Agip Recital Hall, Muson Centre, Onikan, Lagos. The Managing Director, Mr AdemayowaAdeduro assured stakeholders that necessary arrangement has been made to ensure a successful outing. According to him, invitations have…

….Says New capital will fuel commercial growth towards providing energy reliability to customers Nigerian distributed utility company, Arnergy, today announced it has raised $9 Million in a Series A round of funding led by Breakthrough Energy Ventures with participation from the Norwegian Investment Fund for Developing Countries (Norfund), EDFI ElectriFi and All On. Speaking on this development, the Founder and Chief Executive Officer of Arnerg, Femi Adeyemo said: “We are excited to enter this next phase in Arnergy’s development with investors that share our vision of tackling the most pressing…

The Bank of Industry (BOI) has presented loan certificates of N50, 000 each to 78 Small and Medium Entrepreneurs to boost their businesses. The loan was facilitated by Women Arise Development and Humanitarian Initiative (WADHI), a non-governmental organization. Presenting the certificates on Friday in Abuja, Mrs Temitope Owolabi of Micro Enterprise Division, BOI, urged the women to utilise the loan effectively to grow and sustain their businesses. According to Owolabi, there is need to monitor daily activities and keep proper records of your transactions. She urged them to maintain clean…

The Group Executive Director of United Bank for Africa (UBA), Mr Liadi Ayoku, has called for the overhaul of the training curriculum in financial institutions across Africa to reflect current technological realities, which according to him will reflect the modern business expectations and ensure the relevance of graduates to the continent’s economic growth and aspiration. Ayoku, said this while delivering a keynote address during the annual lecture of the Faculty of Management Sciences, Lagos State University (LASU) titled: “The Future of Finance – Technology at Play” on Wednesday. He explained that finance…

The Ministry of Communication has reiterated the commitment of the Federal Government to continue to promote a digital economy given the benefits to the country and Nigerians as a whole. Speaking at the 2019 DIgitalSense Forum in Lagos, the Permanent Secretary, represented by Engr. Olufemi Olufeko said: “As we all know, the Internet and other technological advancement are currently modifying the way people all over the world live, which in turn contributes to the world economy changing at an unprecedented pace. This change is being used by countries to drive…

As part of efforts to provide financial and business skills to female entrepreneurs, Access Bank Plc has announced the launch of its Womenpreneur Pitch-A-Ton 2019. The Coordinator, W Initiative in Access Bank, Ayona Aguele-Trimnell, said on Wednesday in Lagos that the Pitch-A-Ton was an expansion of the Womenpreneur Business Workshop. Aguele-Trimnell said that the capacity building initiative would provide financial grants as well as mini-MBA, in conjunction with the International Finance Corporation (IFC, a member of the World Bank Group) for 50 winners. She said that the initiative would provide…

… Laments Unabated Smuggling Of Sugar Into Markets Leading Sugar manufacturing company, Dangote Sugar Refining Plc, yesterday was lauded by shareholders for its resilience despite the harsh operating environment of the 2018 financial year.  The board and management of the sugar refinery was commended for its continuous dividend paying streak. National Coordinator, Pragmatic Shareholders Association of Nigeria(PSAN) Mrs. Bisi Bakare at Dangote Sugar Refinery Annual General Meeting held in Lagos, said that though many quoted companies are struggling with the payment of dividends, Dangote Sugar Refinery is consistent in taking…

..Says ‘We Must Join Hands to Lift Our Young Ones from Poverty to Prosperity Tony O. Elumelu, Founder Tony Elumelu Foundation and Chairman UBA Group and Heirs Holdings has charged everyone to join hands to lift Nigeria’s youth from poverty to prosperity. He made this statement while receiving an Honorary Doctor of Business (Hon D.B) degree by one of Nigeria’s foremost universities, Bayero University, Kano.  According to the Vice Chancellor, Bayero University, Prof. Muhammad Yahuza Bello, Elumelu’s conferment was in honour of his immense contribution to human capital development across Africa…

…loses 11,000 bopd in 2018 to crude theft Shell Nigeria has called for stakeholders’ concerted efforts to curb the incessant vandalism of crude oil-bearing pipelines, highlighting the danger of continuous sabotage to people and environment. The General Manager, External Relations of The Shell Petroleum Development Company (SPDC), Mr. Igo Weli, said such efforts to curb pipeline sabotage will save lives, secure communities and protect the environment. Weli spoke in Lagos on Thursday at a Media Workshop on Pipelines Right of Way Encroachment and Vandalism. “Shell is concerned the repeated sabotage…