Following subsea cable disruptions last Thursday, Bayobab Group, a subsidiary of MTN Group, has announced the successful restoration of its operations. The telecom operator disclosed this in a statement on Tuesday. MTN said that despite the challenges presented by the cable disruptions, its subsidiary demonstrated its capabilities by swiftly recovering over 3 Terabits per second (Tbps) of capacity across its ... Read More »
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ZENITH BANK APPOINTS DAME (DR.) ADAORA UMEOJI AS GMD/CEO
Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Dame (Dr.) Adaora Umeoji is the ... Read More »
FirstBank at 130 : Enabling the Giants in Customers, Stakeholder, Says Bolaji Israel
“Like a fine wine, FirstBank has only improved with age, becoming more dynamic, innovative and trusted by the nation. This is a testament to the diligence and devotion of the many great leaders who have steered the bank to success. Under the leadership of the current Chief Executive Officer, Dr Adesola Adeduntan, FirstBank Group has continued to make giants of ... Read More »
Breaking: Internet provider Call MainOne to restore services to banking apps after cable disruptions
Amajor internet provider for most of Nigeria commercial banks and internet service providers (ISPs), MainOne, which suffered a major submarine cut that knocked major banks offline, said it has started the process of restoring services to some of its customers. The cable company, in a note shared with our correspondent, said: “We have restored services to some customers and are ... Read More »
Heirs Technologies Primed for Delivery of Leading Enterprise Solutions and IT Consulting Services for Businesses
Heirs Technologies, a leading digital transformation company, has announced the appointment of Obong Idiong as its Chief Executive Officer. Idiong brings considerable experience in the technology sector and a visionary approach to this role. Prior to joining Heirs Technologies, he served as the MD/CEO at Africa Prudential Plc, where he spearheaded the digital transformation of its registrar services and repositioned ... Read More »
Heirs Holdings to Lead Africa’s Digital Evolution, Launches Heirs Technologies
Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa’s digital transformation through innovative and locally tailored solutions. Heirs Technologies endeavours to provide value added services that capitalise on top-tier expertise while guaranteeing accessibility locally. The ... Read More »
Invest in Yourself, Have a Business Structure, Female Entrepreneurs advise SMEs at UBA Business Series
Successful female business entrepreneurs, have advised Small and Medium Scale Enterprises (SMEs) operators and would-be business owners to focus on meeting specific needs and self-development to create a path towards building prosperous brands in the short and long-term. Speaking during the Women’s Day edition of the United Bank for Africa (UBA) Business Series hybrid event at the bank’s Head office ... Read More »
Transcorp Power Lists on the Nigerian Exchange; Gains 10% First Day of Trading
Our subsidiary, Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than NTranscorp Power Plc, a power subsidiary of Transnational Corporation Plc (Transcorp Group), has listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding ... Read More »
Breaking : Customs duty FX rates reduce after Naira strengthens
The Central Bank of Nigeria (CBN) has announced a further decrease in the exchange rate used to calculate import duties at seaports. This reduction comes after a period of relative stability in the exchange rate between the Naira and US Dollar. As of Monday, March 4, the new rate for calculating customs duties is N1,544.081 per US Dollar. This represents ... Read More »
Transcorp power plc to list on NGX Main Board
Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing by introduction on the Main Board of the Nigerian Exchange (NGX), on Monday, March 4, 2024.There will be a “Facts Behind the Listing” at the NGX Group House at 2:45pm, where the Management of TP Plc, led ... Read More »