A leading vehicle assembly company has announced plans to adopt the automobile department of a Lagos-based technical college, aiming to enhance technical education and equip students with industry-relevant skills. The initiative is part of the company’s corporate social responsibility efforts to bridge the skills gap in Nigeria’s automotive sector and nurture the next generation of professionals. Under this partnership, the vehicle assembler will provide modern equipment, hands-on training, and industry exposure to students. Experts from the company will also conduct workshops, mentorship programs, and practical sessions to ensure that students gain real-world experience in vehicle assembly, diagnostics, and repairs. The…
Author: Temitope N.
Maggi, the popular seasoning brand under Nestlé, has launched a special campaign titled Tales of Ramadan to celebrate the rich traditions and cultural heritage associated with the holy month. The initiative aims to connect with consumers by sharing inspiring stories, recipes, and experiences that highlight the essence of Ramadan. As a brand deeply rooted in food culture, Maggi’s Tales of Ramadan focuses on the importance of home-cooked meals, family gatherings, and the role of food in fostering togetherness during the fasting period. The campaign features a mix of storytelling, digital content, and community engagement to create a meaningful Ramadan experience…
South Africa has been recognized as a rising force in the global iGaming industry, with experts predicting significant growth in the sector throughout 2025. As online gambling gains momentum worldwide, South Africa’s regulatory advancements, increasing internet penetration, and growing player base have positioned it as a key market to watch. The country’s iGaming sector has seen a surge in activity, driven by the widespread use of mobile devices and improved access to digital payment solutions. With more players embracing online casinos, sports betting, and esports wagering, operators are expanding their presence in the region to tap into this lucrative market.…
Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has called on African nations to take a leading role in the global push for green shipping and decarbonisation. Speaking at an industry forum, Oyetola emphasized the need for Africa to develop sustainable maritime practices that align with international efforts to reduce carbon emissions in the shipping sector. With the global maritime industry under increasing pressure to transition to cleaner energy sources, Oyetola stressed that African countries must not be left behind. He highlighted the importance of investing in alternative fuels, energy-efficient vessel technologies, and green port infrastructure to ensure the…
Aviation professionals in Nigeria are renewing calls for the establishment of a national carrier, citing the need for a reliable, homegrown airline to boost the country’s aviation sector. Industry stakeholders argue that a national carrier would enhance connectivity, reduce reliance on foreign airlines, and support economic growth by creating jobs and fostering tourism. The push for a national airline has gained momentum following concerns over high ticket prices, limited international flight options, and the dominance of foreign carriers in Nigeria’s airspace. Experts believe that a well-managed national carrier could provide competitive fares, improve service quality, and position Nigeria as a…
Transnational Corporation Plc (Transcorp) has reached a market capitalization of N2.97 trillion, marking a significant milestone for the conglomerate as it continues its growth trajectory across key sectors. The surge in market value reflects strong investor confidence in the company’s strategic direction, particularly in its power, hospitality, and energy businesses. Driven by positive earnings reports and expansion plans, Transcorp’s stock has experienced steady gains, contributing to its impressive valuation on the Nigerian Exchange (NGX). Analysts attribute the company’s strong performance to its diversified portfolio, operational efficiency, and sustained investments in key sectors of the economy. As part of its expansion…
The Nigerian Exchange (NGX) extended its bearish run as investors lost N265 billion in market value, deepening concerns over persistent sell-offs and weak market sentiment. The downturn, which has affected several key sectors, reflects growing investor caution amid economic uncertainties and global financial pressures. The latest decline saw the NGX All-Share Index drop further, erasing gains recorded earlier in the year. Analysts attribute the losses to profit-taking by investors, concerns over inflation, and fluctuations in foreign exchange rates. The banking, consumer goods, and industrial sectors were among the hardest hit, with major stocks recording price declines. Market watchers suggest that…
Cedrus Group has announced a strategic partnership with RusselSmith, a leading integrated oilfield services company, for the issuance of a N3 billion commercial paper. The move is aimed at raising short-term capital to support RusselSmith’s expansion and operational needs, particularly in the energy sector. The commercial paper issuance is part of Cedrus Group’s broader commitment to facilitating access to funding for Nigerian businesses. By leveraging its financial expertise, Cedrus is helping RusselSmith secure cost-effective financing to enhance its service delivery and expand its footprint in the oil and gas industry. The funds raised will be used to optimize operations, invest…
Aero Contractors has announced the expansion of its Maintenance, Repair, and Overhaul (MRO) facility, positioning itself as a one-stop service hub for aircraft maintenance in Nigeria and the wider West African region. The move is aimed at enhancing the airline’s capacity to provide comprehensive maintenance solutions, reducing the reliance on foreign repair facilities and cutting operational costs for airlines operating in the region. The expansion comes as part of Aero Contractors’ strategic plan to strengthen its position in the aviation sector by offering world-class MRO services. With more airlines seeking cost-effective and efficient maintenance solutions, the airline believes its upgraded…