Business foreign

DICK TO STEP DOWN AS TWITTER CEO

Dick Costolo, who helped turn the message start-up Twitter into a global town square, is stepping down amid criticism over the company’s disappointing financial performance and a recent stock slide. Jack Dorsey, a co-founder who served as CEO during Twitter’s early years, will temporarily take the reins while the San Francisco company looks for a […]

Business

“Africans Investing in Africa” Book Launch

Two of Africa’s most prominent foundations – the Nigeria-based Tony Elumelu Foundation and the Oppenheimer family’s Brenthurst Foundation of South Africa – launched an important new book titled “Africans Investing in Africa” on the sidelines of the World Economic Forum Africa meeting in Cape Town. The 338-page book covers a range of important topics critical […]

Business

Elumelu Encourages Nigerian Youths to Cultivate an Attitude of Learning and Entrepreneurship

 Leading Nigerian businessman and philanthropist Tony O. Elumelu, Chairman, Heirs Holdings, has encouraged Nigerian youths to secure their future by cultivating an attitude of learning, collaboration and entrepreneurship. The Chairman made this assertion while delivering the commencement address on the topic “Employee, Employer, and Empowerer: Pathways to Success and Impact in an Uncertain World”, during […]

Business

Diamond Bank Launches Diamond Y’ello Debit Card

Diamond Bank Plc yesterday announced its plans to issue MasterCard debit cards to millions of Diamond Y’ello account holders in a move that is expected to significantly expand financial inclusion and reduce cash-based transactions in Nigeria’s economy. The scheme, according to a statement made available to the press at the 25th World Economic Forum on […]

Business

UBA Wins Corporate Citizens Award

Pan-African financial services group, United Bank for Africa (UBA) Plc continue to garner national and international laurels with the latest  being the Corporate Citizens Award in the ‘Extensive Compliance Category.  UBA received the award at the maiden edition of the awards ceremony organised by the Corporate Affairs Commission (CAC) at the Transcorp Hilton Hotel, Abuja, Nigeria.  The Corporate Citizens […]

Business

Tony Elumelu to Speak as President Obama Celebrates Emerging Global Entrepreneurs

African business leader and philanthropist Tony O. Elumelu,CON will speak at a White House event hosted by U.S. President Barack Obama this Monday, to celebrate emerging entrepreneurs around the globe. The May 11thevent is a prelude to Obama’s scheduled trip to Kenya this summer for the Global Entrepreneurship Summit. The United Bank for Africa Chairman is no stranger to the promotion of global entrepreneurs— Elumelu’s foundation recently launched […]

Business

TONY ELUMELU’S TRANSCORP TO BEGIN FARMING IN BENUE STATE

Transnational Corporation of Nigeria Plc (Transcorp) announced today that agribusiness subsidiary Teragro Commodities Limited has signed a memorandum of understanding (MOU) with the Benue State government to lease land to establish citrus farms in Ushongo, Benue. The Hon. Commissioner for Agriculture and Natural Resources, Donald Gbugho signed on behalf of the State Government alongside Permanent […]