A 13-year-old student from Igando Community Senior High School in Lagos, Ebunoluwa Seth Oluwatimilehin, has been named the overall winner of the UBA Foundation’s 15th National Essay Competition. He will receive an educational grant of ten million naira for his future studies at any African university. Oluwatimilehin is the youngest champion in the competition’s history…
The Central Bank of Nigeria has issued a public warning against conducting business with Zuldal Microfinance Bank Limited. The bank clarified that this entity is not licensed to conduct microfinance or any other banking business within the country. Mrs. Hakama Sidi Ali, the Acting Director of Corporate Communications, stated that the organization, which reportedly has…
Nigerian Breweries Plc has donated a cassava processing facility to the Awo-Omamma community in Imo State as part of its corporate social responsibility efforts. Managing Director Thibaut Boidin described the two-ton-per-day plant as a milestone in sustainable development, estimating it would generate 500 million naira in annual revenue and create numerous jobs for residents. He…
First City Monument Bank has reaffirmed its commitment to female entrepreneurs through its SheVentures initiative with a recent networking summit in Lagos. The event, themed on the power of balance, gathered hundreds of women from various industries to discuss achieving professional ambitions alongside personal well-being. Felicia Obozuwa, Executive Director of Corporate Services and Service Management,…
The full-service communication agency Drawbridge CM has entered a strategic partnership with the global network iNT Agencies. According to Drawbridge Lead Consultant Hassan Abdul, this collaboration will allow his firm to utilize the network’s extensive resources and international talent pool. He stated that the alliance would enhance their capacity to deliver comprehensive, data-driven communication solutions…
Ethio Telecom is expanding its digital financial services to advance Ethiopia’s digital transformation. Its telebirr platform has already provided over 31.6 billion ETB in digital loans to 15 million customers and facilitated more than 30.3 billion ETB in savings for 4.71 million users. In partnership with Awash Bank, the operator has now introduced a new…
Vodacom Group has expressed a potential interest in acquiring a larger stake in Kenya’s Safaricom PLC, should existing shareholders decide to divest. Chief Executive Mohamed Shameel Joosub stated that while a breakup of the Kenyan operator is not being considered, the company would evaluate any purchase opportunity. This comment follows reports that the Kenyan government…
Safaricom PLC has received regulatory approval from Kenya’s Capital Markets Authority to create a Medium Term Note program. This authorization permits the telecommunications provider to issue notes valued at up to 40 billion Kenyan shillings. The program will include various note types such as green, social, and sustainability notes. The company plans to initiate the…
The World Health Organization’s African regional office has introduced a new centralized data platform, the AFRO Geodatabase, to improve health-related geospatial governance. This digital repository allows for the storage and management of verified administrative boundaries, health facility locations, and population data. Developed through a collaborative process with member states, the platform ensures data accuracy and…
Blu Label Telecoms has issued a shareholder update following new information from Cell C Holdings regarding its planned stock exchange listing. Cell C Holdings announced an adjustment to the indicative pricing range and schedule for its upcoming bookbuilding process. Blu Label, a significant stakeholder in the mobile operator, released the statement to comply with financial…
