Acquires 45% of OML 17 from Shell, Total and ENI   Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent   Estimated Additional 1 billion barrels of oil equivalent of further exploration potential   Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational… Continue Reading

                          Heritage Bank Plc, Nigeria’s Most Innovative Banking Service provider, in its continued bid to support Micro, Small and Medium Enterprises (MSMEs), has again empowered the winner of The Next Titan Season-7 with whooping sum of N10million. An entrepreneur, Joshua Joseph Idiong who is the CEO of Josult Oil Processing Company, a palm oil processing company in Akwa… Continue Reading

  The Royal Unisex Salon and Spa has berth in style to change the face of the Beauty and Cosmetics business. The Royal Salon and Spa is fully loaded with modern beauty and cosmetics equipment, making it a place the stuff of dreams. Located in the heart of Lagos mega city at 46, Isaac John Street, G.R.A Ikeja, The Royal Salon offers a wide range of services like sales of… Continue Reading

Did you travel to the UK and urgently need some FX to fund your debit card? Sorry, you now have to return to Nigeria, buy the dollar, pay into your card and return to the UK to continue your shopping. According to an internal memo seen by TheCable, forex cash lodgements into domiciliary accounts can only be done by the account owners. The memo said the new guidelines are necessary… Continue Reading

FBN Insurance Brokers Limited, a subsidiary of Nigeria’s leading financial services group, FBN Holdings Plc, has announced a webinar to sensitise SMEs on risk management and cyber security. Spearheading discussions at the webinar are seasoned experts on insurance brokerage, cyber security and risk management. The event is themed Risk Management and Business Continuity amidst COVID19 and scheduled for 10:00am on Thursday, 17 September, 2020.  To participate in the event, click here to register. Olumide Ibidapo, MD/CEO… Continue Reading

                    As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This, the bank said, is in line with its culture as timeless wealth partners, which would impact positively… Continue Reading

                                   Nigeria’s innovative telecoms company, 9mobile is well and truly on the rebound as latest figures by the Nigerian Communications Commission (NCC) show that the operator is regaining its market share. April figures released in June showed that the number of voice subscribers on the network has risen to 12,568,088 from 12,123,185, indicating that… Continue Reading

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won the 2020 Best Corporate Governance in Nigeria Award by the World Finance. World Finance is renowned for its comprehensive coverage and analysis of the global financial services industry, international business, and the global economy. FBN Holdings Plc is winning this award for the second consecutive year on the back of its strong corporate governance practices and outstanding… Continue Reading

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