Serial investor and billionaire, Femi Otedola has exited his stake in Transcorp Plc, Nairametrics can confirm.
Otedola had acquired a 6% stake in Transcorp over a series of carefully orchestrated purchases going almost unnoticed until the acquisition was announced. Nairametrics first announced the acquisition.
Reliable sources with knowledge of the transaction inform Nairametrics that the…
Fast-moving consumer goods manufacturer, Unilever Nigeria PLC, has announced the appointment of a new Managing Director, Tim Kleinebenne.
This followed the resignation of Carl Raymond Cruz, with effect from May 4, 2023.
The appointment of Kleinebenne was announced on…
Moyosoreoluwa Dada, a final year of the University of Lagos, has been crowned the overall winner of the ‘EY Young Tax Professional of the Year 2023’ competition.
A statement said she led nine other finalists to come tops in a fiercely contested competition, at the just…
Women are less likely than men to use mobile money services, GSMA has stated.
According to the global body of telecommunication firms, the reason for this includes not owning a mobile phone, not being aware of mobile money, not perceiving the relevance of mobile money, and having low literacy and digital and financial skills.
In its ‘The State of the Industry Report on Mobile Money (2023)’, it…
Beerkathon, a tech initiative aimed at encouraging inclusion in the tech industry produced three winners at an awards ceremony organised by BeerTech Africa, the tech arm of International Breweries Plc, a member of AB InBev, a global beer maker.
A statement said the event…
The Nigerian Institution of Structural Engineers has recommended a forensic investigation into the building collapse that occurred at Close 102, 1st Avenue, Banana Island, Lagos.
A report titled “Preliminary Report of the Building Collapse at Close 102, 1st Avenue…
A telecommunications company, 9mobile, on Tuesday, said it has invested N70 billion in its ongoing network modernisation.
The Chief Executive Officer of 9mobile, Juergen Peschel, in a statement, during its annual Channel Partners Conference held recently in Lagos said additional 600 new sites, equipped with 4G LTE facilities would be deployed alongside the new broadband services to enlarge its…
Sports brand, adidas, has opened a flagship store in Lagos State, Nigeria; its largest and first-of-its-kind store in West Africa.
In a statement issued by the sports brand, adidas revealed that Lagos Flagship is the fourth adidas store to open in partnership with BrandCo in…
Experts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a properly built structure.
The Lagos State Emergency Management Agency had in a statement claimed that the recently collapsed building on 1st Avenue, in the…
Every year, a lot of small and medium scale enterprises flood the market worldwide with new product solutions. This is common in developing economies like Nigeria where SMEs represent about 90 per cent of employment across the globe, the World Bank says.
According to the Nigeria SME Survey, the SMEs contribute 48 per cent to the national Gross Domestic Product, account for 96 per cent of…