Sterling Bank increases social impact investment, signs Olamide brand ambassador
Businessam Staff
June 8, 2017
Sterling Bank has intensified its social impact investment with its environmental sustainability campaign where Olamide Adedeji, popularly called Olamide Baddo, was unveiled as brand ambassador. The Sterling Environmental Makeover (STEM) is the bank’s corporate social responsibility initiative, which seeks to promote practices that contribute to the quality of environment on a long-term basis. Olamide is […]
Amazon lent $1 billion to merchants to boost sales on its marketplace
Businessam StaffJune 8, 2017
Amazon.com Inc has stepped up lending to third-party sellers on its site who are looking to grow their business, a company executive said in an interview on Wednesday. The e-commerce giant has doled out more than $1 billion in small loans to sellers in the past 12 months, compared with more than $1.5 billion it […]
INTBREW in merger talks with Intafact Beverages, Pabod Brewer
Niyi JacobsJune 7, 2017
International Breweries PLC (INTBREW) has given notice of a proposed merger with Intafact Beverages Limited and Pabod Breweries Limited. The merger, which has since been approved by the board of International Breweries PLC is pending regulatory approvals. The merger between the three Anheuser Busch Inbev subsidiaries is expected to provide additional competition in the beverage […]
Lafarge, Unicem in business combination for size, competition
Niyi JacobsJune 7, 2017
The shareholders of Lafarge Africa Plc, coming out of the company’s 58th Annual General Meeting (AGM) in Lagos Wednesday approved the proposed business combination with Unicem that would see the size of the company increase to position it for market competition. They also approved the payment of N1.05 as dividend per share presented by the […]
91 percent businesses in India believe IT complexities put their companies at risk- Citrix
Businessam StaffJune 7, 2017
Ninety one percent of Indian businesses believe that their company is at risk because of organisational and IT complexities, higher than the APJ average of 85% and the global average of 83%. About 72% said that it’s time for a new security framework. These were some of the key findings in a global study carried […]
Google, Apple, Microsoft, Amazon and Facebook top most valuable global brands list
Businessam StaffJune 7, 2017
U.S. tech giants Google, Apple, Microsoft, Amazon and Facebook are the five most valuable global brands, according to rankings released on Tuesday by WPP and Kantar Millward Brown. The BrandZ Top 100 Most Valuable Global Brands ranking saw Google retain its top spot with a brand value of more than $245 billion. Amazon rose three […]
Ikeja Electric taps Deloitte to manage whistle-blowing platform
Businessam StaffJune 6, 2017
Ikeja Electric Plc, the electricity distribution company with coverage across parts of Lagos and Ogun states, has engaged the services of Deloitte, a leading Nigerian professional service firm, to manage a new platform it is dedicating to whistle-blowing by customers who have information that could help reveal illegal and unethical activities in its network. The […]
Stanbic IBTC Bank engages clients on employee productivity
Businessam StaffJune 6, 2017
Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has hosted the Human Resources Managers of the companies to a breakfast seminar with the theme “Increasing employee productivity through engagement”, with the keynote lecture delivered by principal partner, Philips Consulting, Foluso Philips. At the workshop organised at The Renaissance Hotel in Ikeja G.R.A. […]
Rio Tinto debt reduction proves popular with investors
Businessam StaffJune 6, 2017
Rio Tinto has repurchased $781m (£605m) of its bonds ahead of time as part of a wider $2.5bn debt reduction programme. The world’s second largest miner revealed plans to use cash reserves to reduce its debt burden on 22 May. The first tranche was due to be extinguished by 19 June. But in a short […]
Bank of Ireland fined over €3m for breaching money laundering, terror financing rules
Businessam StaffJune 6, 2017
*The Central Bank said it identified 12 occasions where the bank failed to enforce rules over three years from 2010…. Bank of Ireland has been fined more than three million euro after it admitted breaching laws drawn up to thwart terrorists and criminals. The Central Bank said it identified 12 occasions where the bank failed […]