Category: Business

……. More Accolades for Leo Pan-African financial services group, United Bank for Africa Plc, has once again made an addition to its growing list of enviable laurels as it was named Africa’s best bank  in the Digital category at the prestigious Euromoney awards in London. This further lends credence to UBA’s dominance in the digital banking space. The Euromoney awards ceremony which was held on Wednesday, July 11, 2018 covers more than 20 global product categories, best-in-class awards and the best Banks in over 100 countries around the world, recognising institutions that…

Standard Organization of Nigeria (SON) has certified Dangote Cement as having passed the Mandatory Conformity Assessment Programme (MANCAP), a development the agency said has stood out the company among its competitors in the industry. Director-General of the SON, Osita Anthony Aboloma who made these disclosures also said that a new revised standard for cement production in Nigeria had been released. The SON DG who was represented by the agency’s Director of Standard Development, Mrs. Chinyere Egwuonwu stated these during a partnership facility tour of the Dangote Cement Plant, Obajana, Kogi…

For their continued loyalty, the management of Dangote Cement Plc, at the distributors award ceremony announced cash and kind rewards and a priority distributorship license once the refinery project comes on stream next year. President of Dangote Group, Aliko Dangote, who made the pledge, thanked the loyal cement distributors for their faith in the company and also assured them of consistent reward, as a form of motivation for their patronage and loyalty to the brand. He said: “This event today is significant in two reasons; first, it is in furtherance of our…

The Central Bank of Nigeria (CBN) has urged insurance operators in the country to ensure diverse insurance products to enable more citizens to key into insurance.   Head, Financial Inclusion Secretariat CBN, Mrs Temitope Akin-Fadeyi, gave the advice while discussing on financial inclusion at the National Insurance Conference on Monday in Abuja.   According to Akin-Fadeyi, the importance of insurance cannot be overemphasized as it can be used in all financial services.   She said the CBN, and the various stakeholders had been on the vanguard of searching for ways…

……As TEF Hosts Vibrant Session With Nearly 2000 Entrepreneurs President of France, Emmanuel Macron offered a bold and new vision of France’s relationship with Africa while speaking during his visit to Nigeria and his engagement with Tony Elumelu Entrepreneurs in Lagos. Macron passionately advocated a new partnership, prioritizing the role of entrepreneurship in driving Africa’s renaissance, highlighting the importance of the private sector and urging the creation of a business ecosystem that leverages Africa’s vibrant private sector and most importantly saying Africa’s future was and should be in Africa’s hands….

……..Brings Elumelu’s Investment To Date In Nigerian Entrepreneurs To N4.4bn Founder of Tony Elumelu Foundation (TEF) and Chairman of United Bank for Africa (UBA), Tony O. Elumelu, has pledged N500m to create an entrepreneurship programme exclusive to indigenes of Delta State. He made the commitment after presenting 50 beneficiaries of the TEF Entrepreneurship Programme to Governor Ifeanyi Okowa during a courtesy visit to the Governor. “Your Excellency, on behalf of the Heirs Holdings Group, we will work with your office to put in place a new programme to support Delta State youth and…

L-R: President of France, Emmanuel Macron; Lagos State Governor, Akinwunmi Ambode; and President/CE, Dangote Industries Limited, Aliko Dangote, at the France – Nigeria Business Forum lunch with the visiting President of France, in Lagos on Wednesday, July 4, 2018.

……..With Over 2,000 African Entrepreneurs While in Lagos this week, President Emmanuel Macron of France will engage with over 2,000 Tony Elumelu Foundation (TEF) alumni, together with other significant members of the African entrepreneurial ecosystem, in an open forum, that will guarantee a free and frank exchange of ideas and opinions. The Forum will allow the President to hear the voices and ambitions of a new generation of African businesswomen and men, who are changing the narrative and historic perceptions of Africa, brought together by the Tony Elumelu Foundation’s unique…

Heritage Bank Plc, Nigeria’s most innovative banking services provider, has partnered with the Nigeria Electronic Fraud Forum (NEFF) on the prevention of fraud in the Nigerian banking system. The Managing Director and Chief Executive Officer of the bank, Mr. Ifie Sekibo said at unveiling of the 2017 NEFF annual report in Lagos recently that the bank was very proud of successes recorded by the forum, remarking that the advent of the forum has undoubtedly created revolutionary effect in the conception of banking services in the industry. Sekibo who was represented…

Central Bank of Nigeria (CBN) has injected $210m into the Foreign Exchange Market (Forex) to meet customers’ requests in various segments, says acting Director, Corporate Communications, Mr Isaac Okorafor.   In a statement released in Abuja, he said $100m was allotted to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got $55m.   Okorafor notes that according to the bank’s figures, customers requesting foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, are…