Technology

Companies want more women in the tech industry

The Managing Director, International Breweries Plc, Mr Coutino Carlos, has said it is important for women to increase their capacity and be more involved in the tech sector. He spoke during a programme in Lagos on Wednesday on the 2023 International Women’s Day with the theme, “#EmbraceEquity’, with focus on ‘DigitalAll: Innovation and technology for gender equality’. The reason for the…
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FintechTechnology

Samsung launches Mother's Day promotion in Nigeria

Samsung Electronics Nigeria has said it is celebrating women in Nigeria in its Samsung Mother’s Day offer. In a statement, the company said, “Samsung appliances are an epitome of strength, reliability and consistency and we can liken Mothers’ similarly as the symbol of…
FintechTechnology

Nigeria MTN raised 125 billion naira through commercial paper (CP).

MTN Nigeria has raised N125bn through issuance of commercial papers to boost its short-term working capital and funding requirements. In a notice to the Nigerian Exchange Limited on Monday, the company said that it had completed the Series 4 & 5 Commercial Paper issuance under its N150bn Commercial Paper issuance programme. The notice signed by Company Secretary, Ufo Ukpanat, revealed that MTN…
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Brands & People

AfricInvest acquires a stake in a retail company.

AfricInvest Fund IV has bought a minority stake in the Nigerian retail store, Justrite Superstore. In a statement made available to our correspondent Monday, AfricInvest said that this move would allow Justrite to contribute to building affordable grocery outlets that source…
Real Estate

Property managers must act ethically.

Stakeholders in the building industry have been charged to uphold standard ethics, which would put the sector in good light and lead to improved welfare for practitioners. A professor of Estate Management at the University of Lagos, Nigeria, Timothy Nubi, attributed the high…
Brands & People

Transcorp Hotels grows profit by 172%

Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group  has said its profit after tax rose by 172 per cent in 2022 financial period. In a statement on its financial results for full year 2022, it said, “The company reported a profit before tax of N4.5bn, a 172 per cent increase year-on-year, having ended 2021 with a PBT of N1.7bn. “It also reported a 47 per cent growth in revenue…
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BankingReal Estate

Aid groups lift cash limits for mortgage lenders.

The Housing Development Advocacy Network has appealed to the Central Bank of Nigeria to give waivers to mortgage banks in the cash withdrawal limit policy. The report titled “How CBN is underdeveloping the Nigerian mortgage sector” noted that appeals made to the CBN for a waiver of the policy and the request that primary mortgage banks’ withdrawals be treated as bank-to-bank transfers had…
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