Organisers have set machinery in motion to host the 2024 edition of the Pan-African Environmental, Social, and Governance (ESG) Forum which holds from Wednesday, November 5, to Thursday, November 6th at the Civic Centre, Lagos, with the theme “The Carbon Market: Driving Investments for a Sustainable Africa.” This year’s forum has garnered significant support through…
In a bid to promote sustainable agriculture and economic empowerment, Tobiloba Olagbende, CEO of Witford Nigeria Limited, has announced a bold initiative to plant 3 million cashew trees in Ogbomoso, Oyo State, over the next five years. Spearheaded by Witford Agro Services, the programme aims to train and equip youths and women in the community…
The United Bank for Africa (UBA) Plc, has kick-started moves to expand its operations in the Middle East with plan ongoing to open a subsidiary in Saudi Arabia, the region’s largest economy. This move which is expected to happen within the next year will mark the bank’s second subsidiary in the Gulf Region, following the expansion…
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2024 (Q3 2024), recording a triple-digit growth of 118% from N1.33 trillion reported in Q3 2023 to N2.9 trillion in Q3 2024. A statement from the bank yesterday said this performance underscores the Group’s resilience and market leadership in spite of…
The House of Representatives has urgently called on the Federal Ministry of Works, the Federal Road Maintenance Agency (FERMA), and the Federal Road Safety Corps (FRSC) to deploy personnel and resources to the Suleja-Lambata-Bida Highway to alleviate severe gridlock and restore traffic flow. In addition, the House directed the Ministry of Works to conduct an…
Jumia, the leading e-commerce platform in Ghana, today announced the launch of a new integrated warehouse and logistics network facility in Tema. The facility marks a significant investment in Ghana’s e-commerce ecosystem and comes just in time for Black Friday, the biggest shopping campaign of the year that will run from November 1st to 30th,…
CHINA is looking to raise 5 billion yuan (S$929 million) in a dual-tranche offshore yuan sovereign bond deal, according to two sources with direct knowledge of the matter. The bonds will be issued in two and five-year tranches if the deal goes ahead, the term sheet said. The sources could not be named discussing confidential…
APPLE, heralding a “new era” for its devices, started rolling out its first set of Apple Intelligence features and introduced a new 24-inch iMac desktop with a faster, AI-focused M4 processor. The iMac, starting at the same US$1,299 price as the prior model, is faster and sports an enhanced Neural Engine for handling AI tasks,…
Tony Elumelu Elumelu and other global financial business leaders will headline the FII Opening Plenary titled “Board of Changemakers: Banking & Investment.” Will also speak on the “Landscape of African Entrepreneurship” in a fireside chat, championing entrepreneurship, investing in youth, and highlighting the fast-growing presence of United Bank for Africa (UBA) in the Gulf Tony…
NVIDIA dethroned Apple as the world’s most valuable company on Friday (Oct 25), following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing artificial intelligence (AI) chips. Nvidia’s stock market value briefly touched US$3.53 trillion, while that of Apple was US$3.52 trillion, according to data from LSEG. In June,…
There are indications that the local currency is set to fully reverse its gains as the depreciation trend enters a new height, hitting N1,740/$1 in the parallel market at the close of trading last weekend. However, the Naira remained stable with minor appreciation in the Nigerian Autonomous Foreign Exchange Market, NAFEM, as dealers speculate that…
Families are hurting from high prices, the Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, said yesterday, at the ongoing Annual Meetings of the IMF/World Bank in Washington DC. Speaking at the Global Policy Agenda 2024 briefing, the MD said that the global economy was faced with being stuck on the path…
Ghana has signed a US$260 million deal with the World Bank to help solve the US$1.2 billion energy sector losses and other inefficiencies in the sector. The deal, under the Energy Sector Recovery Programme, comprises a US250m credit metering procurement package and a US$10m clean cooking grant component in line with the Bank’s Programme for…
Ebro Darden calls up Afrobeats icon Seun Kuti to talk about his new project ‘Heavier Yet (Lays The Crownless Head)’, what it took to bring the Kuti and Marley legacies together on one track for the very first time in history, and more. Key quotes below. Please credit The Ebro Show on Apple Music 1. Seun…
Despite efforts to expand domestic capacity, there were indications, yesterday, that Nigeria would continue to import Premium Motor Spirit, PMS, also known as petrol, in the short and medium term because of the government deregulation policy, the inability of modular refineries to refine petrol, lack of funds and foreign exchange issues, and the long period…
The International Monetary Fund (IMF) has asked the Nigerian government to put in place a more efficient tax collection system in order to broaden its revenue base. The Fund’s position was expressed by Mr. Davide Furceri, Division Chief, Fiscal Affairs Department of the IMF while responding to a question on how Nigeria could best address her…
