Schneider Electric restates commitment to gender equality

Schneider Electric has reaffirmed its position as an employer of choice, showcasing its commitment to promoting gender equality and accelerating employee growth from entry-level to leadership. The energy company which spoke to commemorate this year’s International Women’s Day (IWD) with Accelerate Action as theme, emphasizes the urgency of addressing systemic gender biases and taking swift…

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Konga Health to revolutionize skincare awareness among students

Nigeria’s leading technology-enabled distributor of quality health and beauty products, Konga Health, is set to engage students across tertiary institutions in a series of skincare consultations, product sampling, and expert-led tutorials to promote skincare education and wellness. This initiative, which kicks off this month, is designed to empower young adults with the knowledge and tools…

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NEITI tasks oil companies to prioritise host communities’ devt

The Nigeria Extractive Industries Transparency Initiative (NEITI) has urged oil companies operating in Nigeria to prioritise the development of their host communities. NEITI’s Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the official presentation of a Policy Brief on three per cent Operating Expenses (OPEX) for Host Communities on Thursday in Abuja. The…

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Nigeria creative economy’s $200m Afrexim bank fund begins June 1

The Federal Government is set to begin implementing the $200 million African Export-Import Bank (Afrexim) fund to boost tourism and the creative economy on June 1. The Minister of Arts, Culture, Tourism, and Creative Economy, Hannatu Musa Musawa, who made the disclosure on Wednesday, also revealed that efforts are underway to mobilize $2 billion in…

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Experts urge Tinubu on investments for renewable energy growth

Nigeria must create a favorable business environment and attract the right mix of domestic and international investments to boost its renewable energy sector, experts have urged President Bola Tinubu. The experts spoke during a legal and policy workshop workshop organised by Natural Justice, the Renewable Energy Association of Nigeria (REANO), and Just Energy Transition Africa…

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Transcorp Hotels posts N70b revenue, grows PAT to 144%

Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group, has recorded N70 billion revenue, for the 2024 financial fiscal year. In the Company’s latest audited results, submitted to the Nigerian Exchange (NGX), Transcorp Hotels recorded a 69 per cent increase in revenue and 144 per cent growth in Profit After Tax underscoring the Company’s drive…

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Elumelu seeks strategic partnership to boost African economy

The Chairman, United Bank for Africa (UBA) Plc, and Heirs Holdings Group Tony Elumelu, has emphasised the need for a strategic and collaborative approach to drive sustainable economic growth across the African continent. According to him, to see the kind of growth needed in Cameroon specifically and in Africa generally, governments, private sector leaders, and…

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Nigeria is central to Airtel Africa’s strategy, says Mittal

The Chairman of Bharti Airtel, Sunil Bharti Mittal, has reaffirmed Nigeria’s critical role in Airtel’s African operations, describing the country as the backbone of the telecom giant’s strategy on the continent. Fielding questions from reporters at the State House, Abuja, after leading a delegation of Airtel Africa and Airtel Nigeria team to meet with President…

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MTN to report 59% decline in 2024 full year earnings over forex losses, naira depreciation

Telecom giant, MTN Group is set to report a significant decline in its full-year headline earnings per share (HEPS) when it publishes its annual report next month. The mobile operator affixed the drop to deteriorating foreign exchange impacts on its profit amid a good operational performance. MTN noted that its HEPS for the year ending…

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