Category: Business

Ardova Plc Commends Stanbic IBTC’s Support for LPG Storage Project

AP LPG terminal, a fully owned subsidiary of Ardova PLC, on Wednesday, 19 January 2022, performed the groundbreaking ceremony for the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal at the project site in Ijora, Lagos. The ceremony signified the official commencement of construction activities which is expected to be completed…

Stanbic IBTC Introduces Smart Loan to Support Customers

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, has introduced a Smart Loan digital solution to enable customers who have an account with their Asset Management arm access a loan to enable them meet their medium-term financial obligations. According to the bank, the devaluation of the naira due to the global economic downturn…

UBA’s Leo Clocks 4, Set to Further Transform Digital Banking in Nigeria, Africa

Africa’s global bank, United Bank for Africa has said that it has concluded plans to commemorate the 4th year anniversary of its flagship artificial intelligence Chabot, with new offerings set to further change the face of digital banking in Nigeria “Birthed January 11, 2018, with a firm resolve to prioritise its customers as well as…

Stanbic IBTC: PMI Hits Two-Year High Amid Stronger Output and New Order Growth

The final month of 2021 revealed a robust expansion in Nigeria’s private sector with the PMI® improving to a 24-month high. Quicker uplifts in output and new orders as well as record inventory building were central to the improvement. Despite the surge in new orders, firms added to their headcounts at the softest pace for…

Huawei’s Electric Power VPN ranks among Top 10 5G Industry Solutions

Communications World Weekly (CWW) Omnimedia, a leading ICT information service provider, has announced the Top 10 5G Industry Application Solutions. The list showcases 5G’s disruptive influence on vertical industries and its essential role in accelerating industry digitalization. The 5G Electric Power Virtual Private Network solution deployed by Huawei and China Mobile for China Southern Power…

Mouka Makes Smooth Transition for Sustainable Market Leadership, Changes Ownership to Dolidol

Mouka, Nigeria’s leading brand of mattresses, pillows and other bedding products, recently announced its change of ownership to Dolidol, the market leader in Francophone Africa based out of Morocco. According to the CEO of Mouka, Mr Raymond Murphy, this transaction sets the scene for bigger and greater things for the Mouka brand with this affiliation…

Heritage Bank’s advanced all-in-one digital banking experience; Octiplus’ product benefits were explored by the Next Titan contestants for its ground breaking innovative solution, crafted to meet the demands of the ever-growing active banking populace. Presenting their tasks, themed, “Show Your Innovation,” during a boardroom session, eight (8) of the contestants were expected to create compelling…

Huawei Site Power Clinches World’s First ML3 Cyber Security Certificate

Huawei Site Power has been issued the Maturity Level 3 (ML3) CB certificate of IEC 62443, an international series of standards on Industrial communication networks and IT security for networks and systems. The ML 3 is the highest level of IEC 62443 cyber security certificate issued to date. Huawei’s 5G Power is a next-gen site…

CBN Earmarks N41bn through Heritage Bank for Dry Season Wheat Projects’ Farming

In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion of wheat production project. The disbursed fund is to consummate the expansion of Wheat Seed…