By Ayomide Otitoju Leading telecommunications company, Globacom, on Monday presented Kia Picanto cars to two lucky winners in its ongoing loyalty reward promo, Festival of Joy, at a ceremony in Ibadan, Oyo State. Additionally, 65 more winners received prizes, including power generators, sewing machines, and grinding machines. Lucky Winners Express Excitement One of the car…
By Ayomide Otitoju MTN Nigeria Plc saw an uptick in the equities market on Monday as investors increased their positions ahead of the company’s fourth-quarter 2024 earnings report. Data from the Nigerian Exchange (NGX) revealed that the telecom stock rose by 1.24% to close at N253.1, with over 2.8 million shares traded. The positive price…
By Ayomide Otitoju In Africa’s rapidly expanding fintech sector, few figures have garnered as much attention as Olugbenga “GB” Agboola, co-founder and CEO of Flutterwave. The company has played a pivotal role in revolutionizing digital payments across the continent. However, alongside Flutterwave’s meteoric rise, Agboola has faced a series of controversies that raise questions about…
By Ayomide Otitoju Wema Bank has reported an increase in its foreign exchange revaluation income, rising to N14.53 billion at the end of 2024 from N13.60 billion in 2023, marking a 6.78 per cent growth. This was disclosed in the bank’s unaudited financial statement for the fourth quarter of 2024, filed with the Nigerian Exchange…
By Ayomide Otitoju Coca-Cola Nigeria Limited has inaugurated a packaging collection hub in Apapa, Lagos, as part of its efforts to enhance plastic waste recycling and promote a circular economy. The facility, developed in partnership with Nigerian Bottling Company, is designed to process up to 13,000 metric tonnes of plastic bottles annually. This initiative aligns…
By Ayomide Otitoju A scholarship from OPay, a leading financial institution, has enabled Ayuba Bello, a student at Ahmadu Bello University (ABU), to achieve his dream of higher education while saving his family’s farmland from being sold. In a statement on Sunday, OPay highlighted its commitment to transforming lives through its scholarship program, which not…
By Ayomide Otitoju Nigeria’s fourth mobile network operator, 9mobile, continues to suffer a sharp decline in its subscriber base, with 6,079 customers porting out of its network between November and December 2024, according to the Nigerian Communications Commission (NCC). The NCC disclosed this in its Incoming and Outgoing Porting Activities of Mobile Network Operators report,…
By Ayomide Otitoju Wema Bank, Nigeria’s pioneer in digital banking and the force behind Africa’s first fully digital bank, ALAT, has officially unveiled the identity for its upcoming 80th anniversary celebration set for Friday, May 2, 2025. Marking eight decades of resilience, transformation, and innovation, the anniversary will highlight Wema Bank’s journey from being Nigeria’s…
By Ayomide Otitoju The Stanbic IBTC Purchasing Managers’ Index™ (PMI®) recorded 52.0 in January, slightly down from 52.7 in December, but still signaling a second consecutive month of improvement in business conditions. Growth was recorded in three of the four monitored sectors, with wholesale and retail being the exception. Moderating Inflation and Sectoral OutlookAccording to…
