Zenith General Insurance Limited has released its full-year financial statements for the year ended 31 December 2019. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to N3.67bn while profit after tax rose by 10% up from N2.79bn to N3.06bn. The company also maintained a robust balance sheet closing the year with total assets of N40.1bn and a… Continue Reading

 Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA) and Heirs Holdings opened the “Ambition Africa” conference organised by the France Invest Africa Club in Paris, France. As Elumelu delivered the opening address, he urged French investors to look to Africa for long term investment opportunities. The French Minister of Economy and Finance, Bruno Le Maire, as he introduced Tony Elumelu to… Continue Reading

 Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, has retained its national scale ratings at A-(NG) and A2(NG) in the long term and short term respectively, with the outlook accorded as Stable. Concurrently, the national scale ratings accorded to the following Issuances were also affirmed:   •       Series 1 N10bn Fixed Rate Bond:    A-(NG), Stable… Continue Reading

  ……..More than 5,000 participants and 60 speakers across 3 continents converge at the largest gathering of African entrepreneurs 150 SME owners from across 20 African countries exhibit at the UBA Marketplace At the recently concluded 5th edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum, five African Presidents and thousands of young African entrepreneurs converged at the most influential gathering in the African entrepreneurship ecosystem. Job creation and youth empowerment… Continue Reading

Today, the 1 st of April through the 5th of April, several lucky commuters will get free access On the Zeno experience free bus rides between the Ajah-Lekki-VI axes of Lagos. Zeno, a flagship product from Zeno Digital Limited – an indigenous technology firm in Nigeria – is seeking to change the narratives of the daily commuters through organized mass Transportation while also leveraging shared economies. This service will be… Continue Reading

Targets Cost Management Initiatives to Drive Hospitality Business, Others Transcorp Power positions to maintain power generation lead in Nigeria by increasing its generation capacity    Nigeria’s leading conglomerate, Transnational Corporation Plc has set strategies to maintain the strong business performance displayed in the recently released 2018 year-end results. The company articulated its robust growth projections for the year 2019 at its Facts Behind the Figures presentation which held on Tuesday, March… Continue Reading

Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem –  TEFConnect.  TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on October 25, 2018, at Federal Palace Hotel, Lagos, Nigeria.   Harnessing and building on the success of Africa’s largest entrepreneurship catalyst, the Tony Elumelu Foundation Entrepreneurship Programme, which has attracted over 300,000… Continue Reading

Transnational Corporation of Nigeria Plc (Transcorp), one of Nigeria’s leading conglomerates, has appointed Mrs. Owen Omogiafo as an Executive Director with effect from July 1, 2018. She will in her new role support in driving and delivering on Transcorp’s strategic ambitions as the conglomerate continues to fulfil its special mission of lighting homes, schools, and hospitals in Nigeria, powering the country’s industrialisation process, and hosting local and foreign investors in… Continue Reading

..To Visit Home Months  After Demise Of Daughter Wasilat King of Fuji Music, Alhaji Wasiu Ayinde Marshall is right now in Canada on a 10-days medical trip. This is coming on a first visit back to Canada after he lost his daughter Wasilat few months ago. The medical trip was long overdue after a corrective surgery he first underwent for lungs.  K1 will in few days be ready to be… Continue Reading

Description: We all can feel stuck in a career rut, but it’s possible to solve this problem! Read our article and become happy at work again! H1: 5 Career ruts: there is a way to get out! Nobody wants to be stuck in a rut, but this situation is inevitable for most of the workers. Of course, it can bring a lot of problems, bad moods, and stress, but if… Continue Reading

As Nigeria emerges from recession, Jim Ovia, founder and chairman of Zenith Bank, talks about the country’s prospects, his company’s expansion plans and the impact of its deal with Prudential Life.   Have you noticed a deterioration in Nigeria’s business climate as a result of the slump of the last year?   The recent recession has shown the extent of resilience and elasticity in the Nigerian business environment. That is… Continue Reading

The crisis rocking Telecommunications Company, 9mobile has taken a new twist as telecommunications giant, Globacom, has distanced itself from media reports which insinuated that it was the preferred bidder to acquire 9Mobile.   A statement from Globacom reads that “We are bound by the terms of the acquisition process as stipulated by the authorities handling it and we will not in any way sway or deviate from the rules.  … Continue Reading

It was torrents of good wishes and encomiums as Chief Razaq Akanni Okoya celebrated his 78th birthday a few days ago. President Muhammadu Buhari was one of the eminent personalities around the globe that sent congratulatory messages to the enigma and top industrialist on his special day.   President Buhari describe the Chairman of Eleganza Group of Companies as an astute businessman, who through vision, hardwork and entrepreneurship completely altered… Continue Reading

The Business council for International Understanding (BCIU), a non-profit U.S Business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, tonight presented the prestigious Dwight D. Eisenhower Global Entrepreneurship Award to both Tony O. Elumelu and Bill Marriott, Chairman, Marriott International Inc. The award was conferred on Elumelu in recognition of his outstanding work in promoting Entrepreneurship on the continent of Africa and… Continue Reading

Nigeria’s Landmark hotel, Transcorp Hilton Abuja, has emerged the winner of two 2017 World Luxury Hotel Awards in the Best Luxury Contemporary Hotel (Nigeria) and Best Luxury City Hotel (West & Central Africa) categories. The multiple award-winning five-star hotel was honoured with the prestigious award at a spectacular Gala Ceremony hosted by the historical Kulm Hotel St. Moritz in Switzerland on Saturday 2 December 2017. Awards on the night were bestowed on… Continue Reading

Isedowo, the empowerment initiative of Goldberg lager beer from the stables of Nigerian Breweries, is moving its campaign to Ondo State where 28 small scale entrepreneurs would be supported with grants of N300, 000 each to grow their businesses.   This is coming on the heels of successful activations in Osun and Ekiti States where 32 artisans received N300, 000 each in the last three months.   The Ondo State… Continue Reading

3RD ANNUAL TEF ENTREPRENEURSHIP FORUM WAS HELD ON OCTOBER 13-14 IN LAGOS 1,300 AFRICAN SMEs, POLICYMAKERS, INCUBATORS FROM 54 COUNTRIES IN ATTENDANCE   The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos. The Forum hosted more than 1,300 participants from 54 African countries. The most diverse and inclusive gathering of African entrepreneurs on the continent, the Forum continued its… Continue Reading

The board of ntel, Nigeria’s first 4G/LTE-Advanced network, is pleased to announce the appointment of Ernest Akinlola, as its substantive Managing Director/Chief Executive Officer.   Ernest is a senior executive with 20+ years extensive experience in Telecoms Media & Technology. He joined the fledgling One 2 One telecoms operator in the UK and was instrumental in establishing a world class internal audit and compliance department.   As Head of Department… Continue Reading

Etisalat, one of Nigeria’s telecom companies is in trouble again as staffers morale are at an all-time low over late payment of salaries. The telecom giant which, over the years has struggled with a huge debt profile hanging on its neck is now having serious issues with members of staff especially the low cadre ones over their welfare. According to one of our sources, Global News can now authoritatively reveal… Continue Reading

People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I’m actually as proud of the things we haven’t done as the things I have done. Innovation is saying no to 1,000 things. [wp-review id=”1178″] Headings Header one Header two… Continue Reading

People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I’m actually as proud of the things we haven’t done as the things I have done. Innovation is saying no to 1,000 things. [wp-review id=”1178″] Headings Header one Header two… Continue Reading

Four entertainment stars have been named as brand ambassadors of next generation network, Globacom. The new ambassadors are celebrated rapper, Olamide Adedeji, dancehall musician, Inetimi Alfred Odon, popularly known as Timaya, and two Ghanaian actresses, Juliet Ibrahim and Joselyn Dumas. The data grandmasters disclosed in a press statement in Lagos that the four were made its ambassadors because of their inspirational role in growing the entertainment industry in Nigeria and… Continue Reading

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The purported plans of the telecoms giant Glo to ridiculously reduce the data plans across the board and put smiles on the faces of Nigerians this Yuletide is facing a lot of blockages from the regulator- the Nigeria ‘s Communications Commission and its competitors in the telecommunications industry.Glo which has rightly positioned itself as the undisputed number one telecoms company that gives the best in terms of data pricing and… Continue Reading

Pan-African financial services group, United Bank for Africa Plc, UBA, has announced the commencement of its annual end of year campaign, Cashless December. This year’s edition has been themed “25 Days of Awesomeness” and it seeks to reward cashless living. Customers who use UBA internet banking or cards stand a chance to win amazing prizes such as cash, Beats by Dre headphones, DSTV explorer with subscription, loads of airtime and… Continue Reading

…..CALLS ON AFRICAN LEADERS TO CREATE YOUTH BUSINESS CHAMPIONS, NOT MATRYS This week, fifteen delegations representing the United Nations and several countries, including Germany, Canada, France, Qatar and Algeria took part in the Tunisian government’s International Investment Conference dubbed “Tunisia 2020.” In the last 5 years the Tunisian economy has struggled following a democratic uprising which ushered in weak growth and economic uncertainty. The conference sought to attract direct investment… Continue Reading

Former Chairman of Skye Bank, and the key promoter of NATCOM, the owners of ntel, Dr Olatunde Ayeni, has cleared the air on his recent encounter with the officials of the Economic and Financial Crimes Commission, describing as total false, the claim by many online publication, particularly Sahara Reporters, that he was arrested and detained over an alleged 1 billion Naira bribe to a former Minister of Federal Capital Territory… Continue Reading

……..Advocates entrepreneurship as career choice. African business leader and philanthropist, Mr. Tony O. Elumelu stated that the time for leadership amongst Nigerian and African Youth is now. Elumelu, who addressed the students of the Lagos State University, faculty members and officials of t African business leader and philanthropist, Mr. Tony O. Elumelu stated that the time for leadership amongst Nigerian and African Youth is now. Elumelu, who addressed the students… Continue Reading

Speaking at the Le Club de l’Economie in Paris France on Monday, Tony O. Elumelu, Chairman of UBA Plc and Founder of the Tony Elumelu Foundation, made a call to the French business community, global stakeholders and influential Africans in the development world to embrace ‘structured philanthropy’ in support of rising entrepreneurs with great potential, as a means to achieving sustainable development in Africa. He made this call during a… Continue Reading

On October 8, 2016, ntel, Nigeria’s fifth mobile network and, according to their website and social media platforms, Nigeria’s first pure play 4G/LTE advanced network will celebrate 6 months since the commencement of commercial operations on 08-04, 2016. In those 6 months, ntel has attained full network coverage in Abuja, across large swathes of Lagos and then parts of Ogun, Nassarawa and Niger states. It has launched full VoLTE services,… Continue Reading