BUSINESS

Nigeria’s Jetlink Partners Indian Firm For Mobile Financial Applications

Jetlink Nigeria Limited, has partnered with Indian Integra Micro Systems (Integra), to promote financial inclusion in Nigeria, Ventures-Africa has reported. According to the report, “Jetlink will promote financial inclusion solutions from Integra to service the disconnected rural masses, while also

Daily Android Activations Hit 1.5 Million, Google Says

Google CEO Larry Page has revealed that more than 1.5 million Android devices are being activated daily. He also said that over 50 billion apps have been downloaded from Google’s App Store, Google Play. He then revealed that there are

GTBank To Buy 70% of Kenya’s Fina Bank

Guaranty Trust Bank (GTBank) says it had reached an agreement to acquire a 70% stake in Kenya’s Fina Bank Limited for $100 million. Fina Bank has total assets of $338 million with operations in Kenya, Rwanda and Uganda. Its agreement

Samsung Unveils New Solid State Drives at its Annual SSD Global Summit

Samsung Electronics Co., Ltd., the world leader in advanced memory technology, today held the 2013 Samsung SSD Global Summit at the Westin Chosun Seoul in celebration of the launch of its new solid state drive (SSD), the Samsung SSD 840

The Entrepreneurs Chronicles: Partnerships

A partnership is a business where two or more people, companies, or groups get together and form a team that conducts business. A partnership can be small or large. Under Nigerian law partnership can be made up of no fewer

Lekoil Raises $20 Million for Drilling and Testing in Nigeria

Lekoil, the oil and gas exploration and production company with a focus on Nigeria and West Africa more broadly, announces that it has conditionally raised, in aggregate, gross proceeds of approximately US$20.0 million (approximately £13.2 million) through the placing of,

5 Tips for Managing Workplace Conflicts

Where two or more are gathered over extended periods of time, conflicts are bound to arise in their midst. Workplaces are usually stressful settings, and personal conflicts between co-workers can be both a source and consequence of this stress. When

Sterling Bank Partners with Jumia

Sterling Bank has partnered with Jumia, Nigeria’s leading E-commerce website. This partnership “offers great incentives to Sterling bank’s debit card using customers. For purchases made using a Sterling Bank debit card (ATM card), customers get discounts of up to 10%

Attend the 2nd Personal & Executive Assistants’ Summit this Weekend

Are you ready for the Personal & Executive Assistants’ Summit? If you were still considering the pro and cons of attending, here are the organisers answering some questions we posed to them concerning the summit: How important is the role

Heritage Bank Sustains Verification of SGBN Account Holders

Heritage Bank Nigeria has sustained the verification exercise to revalidate account holders of the former Societe Generale Bank, more than six months after the commencement of the exercise. Heritage Bank acquired the banking license of the defunct SGBN, as well

Samsung Expands Its Ultra High-Definition TV Lineup With New F9000 Series

Samsung’s best-in-class Ultra High-Definition (UHD) TV family is expanding in the United States. Samsung Electronics America, Inc. yesterday announced its next wave of UHD TV models with the introduction of the F9000 line. They will be available for pre-order starting

Dangote Group and China’s Sinotruk Sign $100 Million Deal

A significant milestone in China’s trade relations with Africa was reached recently when industrial giant Dangote Group of Nigeria and Shandong-based China National Heavy Duty Truck Company (Sinotruk) signed a contract for delivery of 1,700 heavy trucks and 1,700 semi-trailers.

UK’s Access Bank AUM Grows By 200 Percent

Access Bank UK Limited, a subsidiary of Access Bank Plc, has declared that its Assets under Management, AUM, in the private banking and asset management business increased by more than 200% to US$18.5 million in 2012. The Bank, which launched

Jumia 1st Anniversary E-Commerce Conference and Fashion Cocktail

JUMIA, Nigeria’s number one shopping destination, has announced its 1st anniversary conference on growing e-commerce and its contribution to the nation’s economy. This event will be attended by federal ministers, CEO’s, suppliers, customers, media, and various fashion and lifestyle celebrities.

MARKET UPDATE: US Economy Optimism Boosts USD

The US dollar has been strengthening across most of the majors as optimism has flooded the market amidst growing speculation that the US Federal Reserve will trim the stimulus back as early as September this year. The market will be

7 Ways to Cut Costs for Your Small Business

One of the principle aims and objectives of any business is to maximize profit. A business can’t maximize profit if its running cost is higher than the profit, so the goal here is to minimize cost (input) and maximize profit

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