Author: Business Journal

NSE Promotes Earth Day, Signs Corporate Recycling MoU with RecyclePoints

L – R Shows Mazi Alison Ukonu, Chief Executive Officer / Co-Founder, RecyclePoints Limited; Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE) and Olumide Orojimi, Head, Corporate Communications Department, NSE during the signing of Memorandum of Understanding (MoU) with RecyclePoints Limited for the collection and recycling of waste materials generated at The Exchange’s offices at the Exchange recently. The Nigerian Stock Exchange (NSE) is pleased to announce that it has signed a Memorandum of Understanding (MoU) with RecyclePoints Limited for the collection and recycling of waste materials generated at The Exchange’s offices. This initiative is also a demonstration of...

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Ecobank Unveils Fintech Challenge 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 Africa’s 54 countries to enter its 2018 Ecobank Fintech Challenge at 10 Finalists will be selected to participate in an Awards and Innovation Fair at the global headquarters of Ecobank in Lomé, Togo in July 2018. Following a series...

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MainOne’s West Africa Expansion Boosted by Cote d’Ivoire Licence

As part of its West Africa expansion, connectivity and data centre solutions operator MainOne has secured a license to expand national and international connectivity services in Cote d’Ivoire. The C1B license, received from Minister Bruno Koné, the country’s Minister for Communication, Digital Economy and Postal Services, will enable MainOne land its trans-Atlantic submarine cable and build transmission infrastructure in Cote d’Ivoire, to strengthen connectivity, reduce international capacity costs and support wholesale customers, major operators and Internet Service Providers. Cote d’Ivoire authorities believe that the construction of a fourth cable authorised by the government will improve the international connectivity of...

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Equities Market Extends Bearish Performance… NSE ASI down 12bps

Equities Market Extends Bearish Performance… NSE ASI down 12bps The bearish performance of the domestic bourse was sustained as the All Share Index (ASI) fell 12bps to settle at 40,763.93 points today while YTD return moderated to 6.6%. Consequently, investors lost N18.4bn as market capitalization declined to N14.7tn. Yesterday’s negative performance was largely on account of sell-offs in market bellwethers – DANGCEM (-2.1%), GUARANTY (-0.6%) and WAPCO (-5.1%). Despite the bearish performance, activity level strengthened as volume and value traded appreciated 27.7% and 148.3% to 309.4m units and N7.5bn respectively. The top traded stocks by volume were ZENITH (76.7m), FBNH (24.3m) and NIGERIAN BREWERIES (21.0m) while NIGERIAN BREWERIES (N2.7bn), ZENITH (N2.1bn) and INTBREW (N760.1m) were the top traded...

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Shared Value Shift: Time for Business to Take the Lead in Africa

The business world is changing, and those who do not stay ahead of the curve are sure to be left behind. It is no longer sufficient to take a profit-first business approach: not only is it not sustainable for the long term, but consumers at all levels are now demanding that the business world develop a conscience. Government regulations are slowly following suit, outlining development criteria to begin this critical shift – but is this enough? The Shared Value business model is the key to unlocking the business growth and profit in addressing social issues. By identifying challenges that...

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