Business

Cherie Blair Joins Dangote As Group Announces New Appointments

In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) has announced new appointments. In the new organizational rejig, Olakunle Alake the erstwhile Chief Operating Officer (COO) is now the Group Managing Director and Dr. Adenike Fajemirokun, the Group Chief Risk Officer has been elevated to ...

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Ecobank Launches Fintech Challenge Competition For African Start-ups

Ecobank, the leading pan-African banking group, is inviting African fintech entrepreneurs to enter its Ecobank Fintech Challenge. Now in its second year, the initiative gives African start-ups the chance to promote their fintech solutions, and potentially to partner Ecobank in rolling-out their solutions across Ecobank’s 33 markets. Ecobank is currently welcoming submissions from all start-ups and developers in any of ...

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OPEC’s New Price Hawk Saudi Arabia Seeks Oil As High As $100

Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement’s original target is within sight. The Organization of the Petroleum Exporting Countries, Russia and several other producers began to reduce supply ...

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Applications Open For Training And Funding For Nigeria’s Brightest Entrepreneurs

Applications are now open for the She Leads Africa Accelerator 2018, a 3-month program designed to identify, support and fund the next generation of Nigeria’s brightest entrepreneurs. Entrepreneurs building technology enabled businesses across Nigeria are eligible to apply for coaching, networking opportunities and the chance to receive funding for their business. The 2018 Accelerator  will consist of three 1-week residencies in Lagos where ...

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Adeosun Kicks Out Zubair As Head Of SEC, Uduk Takes Over

Mrs Kemi Adeosun, Minister of Finance, on Friday appointed Ms Mary Uduk, as the new Director -General, the Securities and Exchange Commission (SEC) following the  redeployment of Dr Abdul Zubair, who had held forte since December last year. Mr Oluyinka Akintunde, Special Adviser, Media & Communications to the Minister of Finance made the changes known in a statement today. Adeosun ...

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Nigeria Records Improvement On Ease Of Doing Business Reforms

*Achieves 68% success rate  In furtherance of Buhari administration’s reform agenda to improve the business climate in the country through its ease of doing business initiative, the Presidential Enabling Business Environment Council (PEBEC) presented the National Action Plan 3.0 (NAP 3.0) scorecard, indicating an improvement on reforms aimed at making Nigeria a progressively easier place to do business. The performance ...

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Ecobank Group Partners With MTN To Deepen Financial Inclusion Across Africa

MTN has announced a collaboration with Africa’s leading independent banking group, Ecobank Transnational Incorporated (ETI) enabling both companies  to leverage each other’s assets that will ultimately offer more value to their respective customers across the continent. MTN’s large subscriber base, comprehensive distribution, innovative digital products and drive for mobile financial services are being linked with Ecobank’s trail blazing digital banking ...

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Nigerian Stocks Lose N150 Billion

Activities opened on the Nigerian Stock Exchange (NSE) on Monday in the  negative as the market capitalisation lost N150 billion and volume depreciated by 42.82 per cent. The News Agency of Nigeria (NAN) reports that amid losses by blue chips, the market capitalisation, which opened at N14.753 trillion, shed N150 billion or 1.02 per cent to close at N14.603 trillion. ...

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$1 Billion In Transactions Processed On Ecobank Mobile App In Africa

The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months ago. With over 4 million users, the Ecobank Mobile App is available to all, enabling users to open an Ecobank Xpress™ Account instantly on their mobile device (providing an easy ...

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Nigerian Economic Diplomacy Initiative Will Help Us Build A Vibrant, Competitive National Economy – Osinbajo

*Urges private sector, local businesses to leverage on initiative to expand globally *Says initiative will bridge gap between local talents & Nigerians in Diaspora The Vice-President, Yemi Osinbajo, says Nigerian economic diplomacy initiative will help build a vibrant, competitive national economy. Osinbajo stated this on Thursday at the launch of the Nigerian Economic Diplomacy Initiative at the Banquet hall, State House, ...

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