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Company News Archives - Page 11 of 11 - Business Journal

lagos shopping festival
December 13, 2015

Unilever, Stallion Group Storm Lagos Shopping Festival 2015

Unilever Nigeria Plc, Stallion Group, STACO Insurance Plc and Accion Microfinance Bank Limited have joined a long list of other firms to confirm participation at the maiden Lagos Shopping Festival 2O15 set for December 17, 18 and 19 at Tafawa Balewa Square [TBS], Lagos.

The theme of the Festival is: ‘Reinventing the Nigerian Economy via Non-oil Export.’

Other corporate firms set to join the train include Yudala, Skye Bank Plc, Ogun Property & Investment Corporation [OPIC], Wema Bank Plc, Chemical & Allied Products [CAP] Plc, Mr. Biggs amongst others.

Prince Cookey, CEO, Lagos Shopping Festival 2O15, says the confirmation of participation by these leading firms is a clear indication that the Festival is on a positive path towards enduring legacy. He said Festival is a bargain opportunity for shoppers and business opportunity for corporate organisations to showcase their products and services in the December shopping season.

“December is undoubtedly the NO 1 shopping season in Nigeria. The Festival would be a showcase of consumer goods, financial/insurance services, machinery, automobile and food etc. The essence is to provide consumers the unique opportunity of shopping for a wide range of goods and services at bargain prices while enjoying rare combination of music and entertainment at the venue.”

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November 8, 2015

Emirates Group Reports $12.6bn 2015 Half-year Revenue

The Emirates Group has announced its half-year results for 2015-16, showing continued business growth and a strong performance.

The Emirates Group revenue reached AED 46.1 billion (US$ 12.6 billion) for the first six months of its 2015-16 financial year, down 2.3% from AED 47.2 billion (US$ 12.9 billion) during the same period last year, reflecting the impact of the strong US dollar against major currencies.

The Group marked one of its best half-year profit performances ever, with net profit rising to AED 3.7 billion (US$ 1.0 billion), up 65% over the last year’s results.

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Business Journal NG award
November 2, 2015

Business Journal Named ‘Best Financial Newspaper in Nigeria’

Business Journal has won international recognition as ‘Best Financial Newspaper in Nigeria’ in the 2015 International Finance Awards by Wealth & Finance International Magazine of the United Kingdom (UK).

In the award letter to Business Journal, Jonathan Hicks, the Editor of Wealth & Finance International said: “Business Journal: You Are a Winner in the 2015 Finance Awards!

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NAICOM
August 9, 2015

Mohammed Kari: Berthing Leadership & Technical Expertise in NAICOM

President Muhammadu Buhari recently approved the appointment of Alhaji Mohammed Kari as the new Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM).

His appointment was conveyed vide a letter signed by the Head of the Civil Service of the Federation, Danladi Kifasi. He succeeds Mr. Fola Daniel whose second and final tenure as Commissioner for Insurance lapsed on Friday, July 31, 2015.

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Jumia
July 26, 2015

JUMIA Côte d’Ivoire Celebrates 2 Years of Existence

It was in June 2013 that JUMIA revolutionised retail in Côte d’Ivoire by launching the first innovative e-commerce platform of the Country.

JUMIA took the bold gamble to make Ivorian consumers adopt online shopping. Two years later, the young company is reaping the rewards of hard work and persistent innovations.

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Fitch Affirms Helios Towers Nigeria
July 26, 2015

Fitch Affirms Helios Towers Nigeria at ‘B’; Outlook Stable

Fitch Ratings has affirmed telecom infrastructure group, Helios Towers Nigeria Limited’s (HTN) Long term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook.

HTN’s rating reflects the political and macro-economic uncertainty of the Nigerian market (Nigeria, rated ‘BB-‘/Negative) as well as the company’s revenue visibility and strong growth prospects.

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Etisalat
June 25, 2015

Breaking News: Etisalat Now Open for Foreign Investment

Foreigners can now investment in Etisalat as the UAE government has lifted restrictions which had blocked foreign investors from buying a stake in the country’s largest telco, Etisalat.

There is however a 20 percent limit on how much of the company can be owned by foreigners.

Currently, Etisalat is 60 percent owned by the government, with a 40 percent stake listed, but restricted to UAE nationals.

“The federal government decided to lift the restriction of Etisalat stock ownership by local institutions, foreign institutions and expatriate individuals provided that such ownership does not exceed 20 percent,” Etisalat said in a statement to Abu Dhabi Securities Exchange.

Etisalat added that the Emirates Investment Authority (EIA) does not intend to reduce its 60 percent stake at the moment.

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Red Star
April 29, 2015

Red Star Express Plc Partners DealDey to Enhance eCommerce Industry

In a strategic bid to constantly exceed customers’ expectations and enhance the eCommerce industry in Nigeria, Red Star Express
Pl, has partnered with DealDey to take the online shopping business to greater height.

Online shopping is fast gaining ground in Nigeria, taking up most conventional shopping as people, especially the elite, working class and the youth, who run tight/ busy schedules, place their orders from the online stores at the comfort of their homes and offices, and their purchases are delivered to them.

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Promasidor
April 29, 2015

Promasidor Nigeria Named Best Corporate Social Responsibility Company 2014

In recognition of the enormous contributions of Promasidor Nigeria to the Isolo community of Lagos, Nigeria, the Osolo of Isolo Kingdom, the Council of Chiefs and the entire Isolo Kingdom have named Promasidor- The Best Corporate Social Responsibility Performing Company of The Year 2014.

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