Cadbury Nigeria Plc today announced a donation of Bournvita, a non-alcoholic beverage, to some internally displaced persons (IDPs) in Nigeria, in collaboration with the United Nations High Commission for Refugees (UNHCR). In a statement, the company’s Corporate and Government Affairs Director for West Africa, Mr. Bala Yesufu said Cadbury was moved to make the donation
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February 8, 2019
Cadbury Partners UNHCR to Support IDPs
- By : Business Journal
- Company News
February 8, 2019
Facebook Plans 1st Content Review Centre in Sub-Saharan Africa
As part of our continued investment across Sub-Saharan Africa and commitment to safety and security on our platform, we are opening a new content review centre in Nairobi, Kenya. In partnership with Samasource – one of the largest digital employers in East Africa and a leading social enterprise — the site in Nairobi will be
- By : Business Journal
- IT & Telecom
February 8, 2019
Market Statistics: Thursday, 7th February 2019
Market Cap (N’bn) 11,493.9 Market Cap (US$’bn) 37.5 NSE All-Share Index 31,433.49 Daily Performance % 2.0 1 Week Performance % 2.9 YTD Performance % 0.0 Daily Volume (Million) 436.6 Daily Value (N’bn) 5.9 Daily Value (US$’m)
February 8, 2019
10th Africa Peering, Interconnection Forum Set for Mauritius
The Internet Society and African IXP Association (AFIX) have announced that they will hold the 10th annual Africa Peering and Interconnection Forum (AfPIF) in Port Louis, Mauritius from 20-22 August, 2019 in collaboration with the local host, Rogers Capital. AfPIF is an annual event that serves as a platform to develop the African Internet. It
- By : Business Journal
- IT & Telecom
February 7, 2019
African Dev Bank Projects GDP of 4% for Africa in 2019
“The future of our continent is looking very promising indeed,” African Development Bank Group, President Akinwumi Adesina declared in the opening words of his address to diplomats yesterday in Abidjan. Adesina referred to the Bank’s recent flagship publication, the African Economic Outlook 2019 which noted that the recovery in commodity prices is driving domestic demand and infrastructure investment,
February 7, 2019
AMCON, ESVARBON Partner on Sale of Assets
The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru yesterday in Abuja pledged that the Corporation would continue to seek improved collaboration with Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) because of the critical role they play in asset sales. Kuru, who spoke when he received a delegation
- By : Business Journal
- Business
February 7, 2019
Ecobank, Terre des Hommes Launch Safe Savings Project to Empower Street Children Escape Poverty
Ecobank, the pan-African bank, is partnering with leading international children rights NGO Terre des Hommes to offer digital financial services to some of the most vulnerable children in Togo – those under the age of 18 who work or live on the streets. Through the Safe Savings (SaVa) Project a number children in the street
- By : Business Journal
- Banking
February 7, 2019
Eskom cannot be given a new licence to kill
Yesterday, Greenpeace Africa submitted comments to Naledzi Environmental Consultants [1] opposing Eskom’s application for postponements and suspensions [2] from complying with South Africa’s Minimum Emission Standards (MES). The MES, which are relatively weak [3], are designed to improve air quality in the country, but this has been significantly compromised by Eskom’s almost complete reliance on
February 7, 2019
Dell Reinvents Endpoint Security Portfolio with Secureworks, CrowdStrike
Cyber criminals are continuously shifting their attack techniques to better target endpoints. As more than one-third (39 percent) of cyber attacks are now non-malware based adversaries can exploit gaps in traditional antimalware solutions used in isolation. Considering 50 percent of organisations also have insufficient endpoint or network visibility during incident response engagements, it’s clear many
- By : Business Journal
- IT & Telecom
February 7, 2019
Maersk Plans ‘Captain Peter’ Smart Tech to Change Shipping
New smart technologies and seamless solutions continue to change the shipping industry. In 2019, Maersk will enhance its Remote Container Management (RCM) platform by a virtual assistant, named “Captain Peter.” The avatar will assist customers along the journey of their cargo. Copenhagen, Denmark — Currently being tested by a group of select customers, technical improvements
- By : Business Journal
- Business, Company News
February 3, 2019
N1bn Debt: Nigerian Braiding Firm to Continue Operations– AMCON
Contrary to some sponsored fake news regarding the fate of Nigerian Braiding Manufacturers Limited (NBML), a Kano State-based textile company, NBML was recently taken over by the Asset Management Corporation of Nigeria (AMCON) as a result of the company’s non-performing loans purchased from the banks by the government agency. The textile company’s indebtedness to the
- By : Business Journal
- Business
February 1, 2019
N4bn Oil Theft: BudgIT Tasks Regulators in Oil Sector
Nigeria Extractive Industries Transparency Initiative (NEITI) – a body that shoulders the task of improving transparency and accountability in the management of revenues from natural resources – released last December the audit report of the oil and gas industry for 2016. Followingly, BudgIT has critically assessed the report and come up with salient analysis, demanding
- By : Business Journal
- Oil and Gas
January 31, 2019
South Africa to Host 46th AIO Conference June 8
The Republic of South Africa will host the 46th Annual Conference & General Assembly of the African Insurance Organisation (AIO) in Johannesburg, South Africa from 8 to 13 June, 2019. Each year the event attracts senior delegates from across Africa and the rest of the world to discuss and workshop the most pressing issues facing
- By : Business Journal
- Events
January 31, 2019
Standard Chartered Unveils Digital-only Banks in 4 African Markets
Standard Chartered yesterday announced the start of the second phase of its digital-only retail bank across Africa. In response to growing consumer demand for innovative banking services on the continent, the Bank will launch its digital solution in four key markets during the first quarter of 2019 starting in Uganda in January, followed by Tanzania
- By : Business Journal
- Banking
January 28, 2019
Old Mutual Urges Nigerians to Mitigate Risks via Insurance
The Management of Old Mutual General Insurance Company, a subsidiary of the pan-African insurance giant and leading global financial services provider, Old Mutual Limited, has advised Nigerians to embrace insurance as a means of mitigating all form(s) of risks in their lives and businesses. In recent years, there has been an increase in incidents of
- By : Business Journal
- Insurance
