Tag Archives: Investment

Update: ShopRite Reportedly Not Leaving Nigeria, Denies Exit Rumours

Few hours after a report claiming that ShopRite was leaving Nigeria went viral, Africa’s biggest supermarket chain has now debunked the rumours that it intends to exit the country due to revenue challenges. According to Vanguard, the Country Director for Chastex Consult, Ini Archibong, has stated that “Shoprite is not leaving Nigeria. “We have only just opened to Nigerian investors…

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Tony Elumelu Advocates Collaborations To Boost Africa’s Fortunes On Time 100 Talks

The Group Chairman, United Bank for Africa (UBA) Plc, Tony O. Elumelu has said that the Coronavirus pandemic has presented a perfect opportunity for foreign investors to invest in Africa, owing to the huge opportunities that are inherent in the African economy. “This is the time to invest. Africa is a land of opportunities; There…

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Vice President’s Daughter, Kiki Osinbajo Reacts To Journalist’s N800m Investment Claim

Kiki Osinabjo, daughter of Vice President Yemi Osinbajo, has reacted to online claims she invested N800m in the Abuja property where she’s running her business in. Jackson Ude, the Former Director of Strategy and Communications under President Goodluck Jonathan administration made the allegations via Twitter on Friday where he stated that Kiki invested N800 million in the property housing her…

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OB Crush: Oluwatomi Solanke, Co-Founder Of Trove Finance

Our OB Crush feature this week shines the spotlight on Oluwatomi Solanke, co-founder of Trove finance, a micro-investing platform that lets Nigerians invest in publicly traded US, Nigerian and Chinese stocks, government bonds and more. Oluwatomi who dedicated his life to using technology to solve problems noticed that there are thousands of missing children in various child care organisation while…

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UBA Assures Huge Returns On Investment As Shareholders Applaud Bank’s Support In Fight Against COVID-19

Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, management and staff members, together with representatives of relevant regulatory bodies, was held using an Online Meetings…

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Elumelu Advocates For Massive Capital Investment In Power, Human Resources To Aid Africa’s Economic Growth

l-r: President Muhammadu Buhari(2nd left); flanked from left by Chief Executive Officer, Tony Elumelu Foundation(TEF), Mrs. Ifeyinwa Ugochukwu; Chairman of United Bank For Africa(UBA) Plc and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu(3ed left); and Lagos State Governor, Mr. Babajide Sanwo-Olu at the ongoing UK-Africa Investment Summit 2020, where Elumelu Spoke during Panel Session on…

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Nigeria To Join Korea, China & Japan for World BITE Expo 2017 |See Convention Schedule

SMEDAN, Federal Ministry Of Industry, Trade And Investment, in Partnership With FOW World Media Company, (Fow24 News, Fow Tv) has announced ‘Nigeria- Korea/China/Japan Business, Investment and Trade Exchange – World BITE EXPO,’ scheduled to take place from October 1 to October 13, 2017. Sighting the growth in the three major super Asia countries, South Korea,…

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