In the bid to facilitate payments between SMEs and their retail customers, Access bank Plc has unveiled SWIFTPAY. The solution is a digital payment service that facilitates the receipt of business payments by enabling customers make quick, easy and secure digital payments on social media platforms to merchants. The Group, Head, Emerging Businesses, Access Bank
Lenovo Group announced group revenue in the first quarter reached US$12.5 billion, the eighth consecutive quarter of growth. Pre-tax income more than doubled year-on-year, growing by US$127 million to reach US$240 million. Net income also more than doubled, up US$85 million to US$162 million. Basic earnings per share for the first quarter were 1.37 US
Centurion Law Group (“Centurion”) is set to become the first African legal and energy advisory firm to be publicly-listed this year, as it prepares to join one of Europe’s leading stock exchange. This represents a natural step for Centurion given the group’s strong market share within the oil & gas sector in sub-Saharan Africa and
The Sahara Group, an international energy and infrastructure conglomerate and the United Nations Development Programme (UNDP) are partnering to promote reliable access to affordable and sustainable energy, and to mainstream the Sustainable Development Goals (SDGs) in the private sector with a specific focus on SDG 7 (affordable energy). The partnership was formalized recently in New
ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5% without any additional capital investment. The ESP software unit is now operational for more than three months in 500
Absa Group Limited, a South African financial services provider, says its planned expansion into Nigeria will kick off in the second half (H2) of 2019. Absa will focus on its corporate and investment bank (CIB) division, Charles Russon, chief executive of the division, reported. Russon added that he is positive that a strategy plan shared
United Energy Group, listed on the Hong Kong Stock Exchange, acquired Kuwait Energy, an independent oil and gas company, for about $650m, Shalakany Law Office, the deal’s legal advisor, announced recently. The deal was signed on 23 September 2018 and was successfully closed late March. Shalakany assisted United Energy as the sole buy side legal
MTN Group said it has added 2.5 million new subscribers in the third quarter, to serve 225.4 million people in 21 countries in Africa and the Middle East at the end of September. Active data subscribers increased quarter on quarter by 5.0 million to 74.2 million, and active mobile money customers grew over the same
FBN Merchant Bank said it will team up with the global research and consultancy firm, Oxford Business Group (OBG) to produce the financial chapter of The Report: Nigeria 2017. The report will highlight the pivotal part Nigeria’s banks are playing in the country’s broader diversification efforts by boosting lending to the private sector. It would
Chellarams Plc has concluded a joint-venture agreement with the DMK Group, a German based dairy company to manage the production, marketing, sales and distribution of a full range of dairy products across Nigeria. According to a statement released by Chellarams, the Joint Venture which established a new company, Chellarams DMK LTD, will be well-placed to
