The Tony Elumelu Foundation (TEF), Africa’s leading champion of entrepreneurship, has announced the opening of applications for its 2025 entrepreneurship programmes. This is contained in a statement from the foundation’s website on Monday. It said aspiring and existing entrepreneurs from across Africa are invited to apply. It said they would receive world-class training, expert mentoring,…
United Bank for Africa (UBA) Plc is number one in customer service experience and other strategic areas in the banking sector, according to the latest KPMG 2024 West Africa Banking Industry Customer Experience Survey. The bank cemented its position as a leading customer-centric institution, emerging among the top five banks, in various survey’s segmentation. The…
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to eliminating Ponzi and pyramid schemes in Nigeria, aiming to create a conducive environment for legitimate investments to flourish this year. In a New Year address to the capital market community, SEC’s Director-General, Dr Emomotimi Agama, outlined the commission’s strategic focus for the year. He…
Africa’s leading entertainment platform, Multichoice, that offers a wide range of products and services, including DStv, GOtv, Showmax, M-Net, SuperSport, Irdeto, and KingMakers, faces threat to its monopolistic iron clad fists. With products and services used by over 23.5 million households in 50 markets across sub-Saharan Africa, the company must brace for tougher times ahead,…
Start-ups in Nigeria, Kenya, South Africa and others on the continent raised $2.2 billion last year in equity, debt and grants (exc. exits), according to latest data compiled by Africa: The Big Deal. While this is a good amount in absolute terms, it represents a -25per cent drop when compared to the $2.9billion that were…
Aba Power Limited Electric (APLE) has announced over 50 per cent tariff hike for its customers. This decision followed the Nigerian Electricity Regulatory Commission (NERC) approval for the power company based in Southeast Nigeria. The electricity Distribution Companies (DisCo) operates a ring- fenced area in Aba, Abia State. The company disclosed this in a notice…
Global energy company, Schneider Electric has restated its commitment to employee health and safety in furtherance of Nigeria government’s objectives to address challenges in occupational safety and health (OSH). The leader in energy management and industrial automation gave the commitment when it hosted its annual Safety Day, a reflection of its dedication to promoting workplace…
Oil prices eased marginally by one per cent in volatile trade following weak economic news from the U.S. and Germany. Earlier in the day, crude prices were on track to close at 12-week highs on support from a weaker U.S. dollar and as a winter storm boosted demand for energy to heat U.S. homes and…
Airtel Nigeria CEO Dinesh Balsingh has reaffirmed the telecom giant’s commitment to delivering superior connectivity and fostering digital inclusion as conversations around end user tariff hike gain traction. He said in response to the economic realities of rising operational and capital costs, the proposed tariff adjustments aim to ensure the long-term sustainability of the sector…
