Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date.
The company’s chairman and CEO, Daniel Zhang, said the restructuring would enable each separate business to pursue its own fundraising and public listing plans.
Hangzhou-based Alibaba said the moves were intended to “unlock shareholder…
The Chief Executive Officer of VerifyMe, Esigie Aguele, says artificial intelligence will help accelerate Africa’s drive towards achieving open finance and bridging the continent’s $120bn lending gap.
Aguele made the projection while speaking on a TV business programme…
The Co-founder and Chief Executive Officer of Paystack, Shola Akinlade, has bought a 55 per cent stake in second-division Danish club, Aarhus Fremad.
The deal which was announced on Tuesday will see Aarhus Fremad become a sister club to Sporting Lagos FC, a Lagos-based…
Cadbury Nigeria Plc has said that winners of Season 4 of its Bourn Factor School Talent Competition have emerged.
The company, in a statement, noted that the winners emerged from different states across the country.
It disclosed that the competition, which has been running since 2019, rewards winning schools with monetary prizes and sponsorship of a social impact activity of their…
Lapo Microfinance Bank has rewarded its customers with cash prizes in its raffle draw promo.
During the live draw that took place at its head office in Lagos, Lapo said it organised the event to encourage savings culture among Nigerians.
At the promo, 170 winners got…
Fast Moving Consumer Goods, Unilever Nigeria, has said that it will be exiting the home care and skin cleansing markets to reposition its business for sustained profitability.
This was revealed in a corporate notice to the Nigerian Exchange Limited and signed by its Company…
The board of Dangote Sugar refinery plc has appointed Yabawa Lawan Wabi, as an Independent Non-Executive Director.
According to a corporate notice signed by the Company Secretary, Temitope Hassan, the appointment was approved by the board at its meeting held on February 28, 2023.
Mrs. Wabi has experience in the public sector having served as Permanent Secretary in various ministries, and as…
One of Nigeria’s leading financial institutions, Wema bank commemorated the 2023 edition of the International Women’s Day on March 8th in grand style as women from various fields converged on the prestigious Civic Center in Lagos to discuss the significance of gender…
The Chief Executive Officer of Seplat Energy PLC, Roger Brown, has stepped down from office following the order of a Federal High Court in Lagos.
The court restrained Brown from parading himself as the firm’s CEO pending the determination of a suit filed against him and…
The Major Oil Marketers Association of Nigeria has urged the government to automate data in the downstream segment of the country’s oil sector.
Speaking last weekend during a virtual event organised by MOMAN to commemorate World International Data Day with the theme “The Importance of Data and Automation in the Downstream Business”, the head of Political Consulting, VIISAUS, Ikponmwosa…